Sallie T. Rainer Sells 6,300 Shares of Entergy Corporation (ETR) Stock
Entergy Corporation (NYSE:ETR) insider Sallie T. Rainer sold 6,300 shares of Entergy Corporation stock in a transaction dated Friday, October 13th. The shares were sold at an average price of $82.00, for a total transaction of $516,600.00. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Sallie T. Rainer also recently made the following trade(s):
- On Thursday, August 17th, Sallie T. Rainer sold 1,000 shares of Entergy Corporation stock. The shares were sold at an average price of $77.78, for a total transaction of $77,780.00.
Entergy Corporation (NYSE ETR) opened at 84.66 on Thursday. The company has a 50-day moving average price of $79.09 and a 200-day moving average price of $77.67. Entergy Corporation has a 52 week low of $66.71 and a 52 week high of $84.78. The stock’s market cap is $15.20 billion.
Entergy Corporation (NYSE:ETR) last released 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. Entergy Corporation had a positive return on equity of 14.08% and a negative net margin of 7.98%. The firm had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.44 billion. During the same quarter in the prior year, the firm posted $3.16 earnings per share. Analysts anticipate that Entergy Corporation will post $6.61 earnings per share for the current year.
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A number of large investors have recently added to or reduced their stakes in the business. W. E. Donoghue & Co. LLC acquired a new position in Entergy Corporation in the second quarter valued at about $15,434,000. Sentry Investment Management LLC lifted its stake in Entergy Corporation by 1.9% in the second quarter. Sentry Investment Management LLC now owns 14,360 shares of the utilities provider’s stock valued at $1,102,000 after buying an additional 270 shares during the period. Toronto Dominion Bank lifted its stake in Entergy Corporation by 25.5% in the second quarter. Toronto Dominion Bank now owns 61,023 shares of the utilities provider’s stock valued at $4,684,000 after buying an additional 12,390 shares during the period. Advisory Services Network LLC lifted its stake in Entergy Corporation by 2.1% in the second quarter. Advisory Services Network LLC now owns 2,335 shares of the utilities provider’s stock valued at $179,000 after buying an additional 49 shares during the period. Finally, Afam Capital Inc. lifted its stake in Entergy Corporation by 4.2% in the second quarter. Afam Capital Inc. now owns 52,193 shares of the utilities provider’s stock valued at $4,007,000 after buying an additional 2,119 shares during the period. 84.15% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts recently issued reports on the company. Jefferies Group LLC raised Entergy Corporation from a “hold” rating to a “buy” rating in a report on Monday. BidaskClub lowered Entergy Corporation from a “hold” rating to a “sell” rating in a report on Saturday, July 8th. Morgan Stanley lifted their target price on Entergy Corporation from $82.00 to $84.00 and gave the stock an “underweight” rating in a report on Friday, September 8th. ValuEngine raised Entergy Corporation from a “hold” rating to a “buy” rating in a report on Monday, August 7th. Finally, J P Morgan Chase & Co lifted their target price on Entergy Corporation from $83.00 to $84.00 and gave the stock a “neutral” rating in a report on Thursday, October 12th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company’s stock. Entergy Corporation presently has a consensus rating of “Hold” and a consensus target price of $79.33.
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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