Entergy Corporation (NYSE:ETR) insider Sallie T. Rainer sold 6,300 shares of the firm’s stock in a transaction dated Friday, October 13th. The stock was sold at an average price of $82.00, for a total value of $516,600.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
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 stock was sold at an average price of $77.78, for a total value of $77,780.00.
Entergy Corporation (NYSE:ETR) opened at 84.60 on Wednesday. Entergy Corporation has a 12 month low of $66.71 and a 12 month high of $84.60. The company’s 50 day moving average price is $78.68 and its 200 day moving average price is $77.50. The stock’s market cap is $15.19 billion.
Entergy Corporation (NYSE:ETR) last posted its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $3.11 earnings per share for the quarter, beating the Zacks’ 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 company had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.44 billion. During the same quarter last year, the company earned $3.16 EPS. Equities analysts forecast that Entergy Corporation will post $6.73 EPS for the current fiscal year.
Hedge funds have recently bought and sold shares of the stock. Benjamin F. Edwards & Company Inc. increased its position in Entergy Corporation by 46.1% during the 2nd 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 Entergy Corporation during the 2nd quarter valued at approximately $106,000. Advisory Services Network LLC increased its position in Entergy Corporation by 2.1% during 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 in the last quarter. Parallel Advisors LLC increased its position in Entergy Corporation by 291.6% during the 1st 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. Finally, BlueMountain Capital Management LLC bought a new position in Entergy Corporation during the 2nd quarter valued at approximately $204,000. 84.15% of the stock is owned by institutional investors.
A number of equities analysts have recently issued reports on the company. Jefferies Group LLC upgraded Entergy Corporation from a “hold” rating to a “buy” rating in a research report on Monday. Citigroup Inc. upgraded Entergy Corporation from a “neutral” rating to a “buy” rating and set a $91.00 target price for the company in a report on Friday, October 13th. 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. Morgan Stanley upgraded Entergy Corporation from an “underweight” rating to an “equal weight” rating and lowered their target price for the stock from $84.00 to $82.00 in a report on Thursday, September 21st. Finally, BidaskClub upgraded Entergy Corporation from a “hold” rating to a “buy” rating in a report on Saturday, August 26th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. Entergy Corporation presently has a consensus rating of “Hold” and an average price target 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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