Insider Selling: Entergy Corporation (ETR) EVP Sells 3,000 Shares of Stock
Entergy Corporation (NYSE:ETR) EVP Donald W. Vinci sold 3,000 shares of the firm’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $85.25, for a total value of $255,750.00. Following the sale, the executive vice president now directly owns 9,039 shares in the company, valued at approximately $770,574.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Entergy Corporation (NYSE ETR) traded down $1.29 during mid-day trading on Monday, hitting $85.13. The stock had a trading volume of 1,196,600 shares, compared to its average volume of 1,207,776. Entergy Corporation has a 1 year low of $66.73 and a 1 year high of $87.85. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.58 and a current ratio of 0.78. The company has a market cap of $15,560.00, a price-to-earnings ratio of 12.59, a PEG ratio of 1.75 and a beta of 0.57.
Entergy Corporation (NYSE:ETR) last posted its quarterly earnings data on Tuesday, October 24th. The utilities provider reported $2.35 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.24 by $0.11. Entergy Corporation had a positive return on equity of 14.76% and a negative net margin of 7.82%. The firm had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same period last year, the company posted $2.31 EPS. equities analysts forecast that Entergy Corporation will post 6.93 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Thursday, November 9th will be given a $0.89 dividend. The ex-dividend date of this dividend is Wednesday, November 8th. This is a positive change from Entergy Corporation’s previous quarterly dividend of $0.87. This represents a $3.56 annualized dividend and a dividend yield of 4.18%. Entergy Corporation’s dividend payout ratio (DPR) is -72.06%.
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Several equities research analysts recently weighed in on ETR shares. TheStreet raised Entergy Corporation from a “c” rating to a “b-” rating in a report on Friday, October 27th. BidaskClub raised Entergy Corporation from a “hold” rating to a “buy” rating in a report on Saturday, August 26th. ValuEngine raised Entergy Corporation from a “hold” rating to a “buy” rating in a report on Monday, August 7th. Jefferies Group LLC raised Entergy Corporation from a “hold” rating to a “buy” rating in a report on Monday, October 16th. Finally, Citigroup Inc. raised Entergy Corporation from a “neutral” rating to a “buy” rating and set a $91.00 price objective on the stock in a report on Friday, October 13th. Nine analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $82.42.
Several hedge funds have recently bought and sold shares of the company. Hudock Capital Group LLC raised its position in shares of Entergy Corporation by 0.4% in the 2nd quarter. Hudock Capital Group LLC now owns 5,014 shares of the utilities provider’s stock worth $384,000 after acquiring an additional 20 shares in the last quarter. Advisor Partners LLC raised its position in shares of Entergy Corporation by 0.5% in the 2nd quarter. Advisor Partners LLC now owns 4,891 shares of the utilities provider’s stock worth $375,000 after acquiring an additional 24 shares in the last quarter. Univest Corp of Pennsylvania grew its stake in shares of Entergy Corporation by 0.6% in the 2nd quarter. Univest Corp of Pennsylvania now owns 4,281 shares of the utilities provider’s stock valued at $329,000 after buying an additional 25 shares during the period. Regal Investment Advisors LLC grew its stake in shares of Entergy Corporation by 0.4% in the 2nd quarter. Regal Investment Advisors LLC now owns 6,824 shares of the utilities provider’s stock valued at $524,000 after buying an additional 27 shares during the period. Finally, Advisory Services Network LLC grew its stake in shares of Entergy Corporation by 2.1% in the 2nd 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. 82.91% of the stock is owned by hedge funds and other institutional investors.
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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