Entergy Corporation (ETR) Insider Sallie T. Rainer Sells 1,000 Shares of Stock
Entergy Corporation (NYSE:ETR) insider Sallie T. Rainer sold 1,000 shares of the stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $77.78, for a total transaction of $77,780.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Entergy Corporation (NYSE:ETR) traded up 0.37% during mid-day trading on Friday, reaching $77.84. 875,719 shares of the company were exchanged. The company’s market capitalization is $13.97 billion. Entergy Corporation has a 1-year low of $66.71 and a 1-year high of $81.83. The company has a 50 day moving average of $76.40 and a 200-day moving average of $76.13.
Entergy Corporation (NYSE:ETR) last posted its earnings results on Wednesday, August 2nd. The utilities provider reported $3.11 earnings per share for the quarter, beating the consensus estimate of $1.20 by $1.91. The company had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.44 billion. Entergy Corporation had a negative net margin of 7.98% and a positive return on equity of 14.08%. During the same period in the previous year, the business posted $3.16 EPS. On average, equities research analysts forecast that Entergy Corporation will post $6.94 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Thursday, August 10th will be issued a $0.87 dividend. The ex-dividend date is Tuesday, August 8th. This represents a $3.48 annualized dividend and a dividend yield of 4.47%. Entergy Corporation’s dividend payout ratio is currently -69.74%.
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Institutional investors have recently modified their holdings of the company. Benjamin F. Edwards & Company Inc. raised its position in shares of Entergy Corporation by 46.1% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,300 shares of the utilities provider’s stock valued at $100,000 after buying an additional 410 shares in the last quarter. V Wealth Management LLC bought a new position in shares of Entergy Corporation during the second quarter valued at approximately $106,000. Ledyard National Bank bought a new position in shares of Entergy Corporation during the first quarter valued at approximately $123,000. Advisory Services Network LLC bought a new position in shares of Entergy Corporation during the first quarter valued at approximately $174,000. Finally, Parallel Advisors LLC raised its position in shares of Entergy Corporation by 291.6% in the first quarter. Parallel Advisors LLC now owns 2,377 shares of the utilities provider’s stock valued at $182,000 after buying an additional 1,770 shares in the last quarter. Hedge funds and other institutional investors own 82.53% of the company’s stock.
A number of research analysts recently commented on the stock. BMO Capital Markets reaffirmed a “hold” rating and issued a $78.00 price target on shares of Entergy Corporation in a report on Friday, August 4th. BidaskClub raised shares of Entergy Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Morgan Stanley increased their price target on shares of Entergy Corporation from $79.00 to $82.00 and gave the company an “underweight” rating in a report on Thursday, August 10th. Zacks Investment Research raised shares of Entergy Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. Finally, Jefferies Group LLC reaffirmed a “hold” rating on shares of Entergy Corporation in a report on Friday, August 11th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $78.77.
About Entergy Corporation
Entergy Corporation is a holding company. The Company is an integrated energy company engaged in electric power production and retail electric distribution operations. The Company operates through two business segments: Utility and Entergy Wholesale Commodities. The Utility segment includes the generation, transmission, distribution and sale of electric power to retail and wholesale customers in areas of Arkansas, Mississippi, Texas and Louisiana, including the City of New Orleans and operates a natural gas distribution business.
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