Entergy Corporation (NYSE:ETR) EVP Marcus V. Brown sold 1,500 shares of the company’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 $123,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Entergy Corporation (NYSE ETR) traded up 1.43% during midday trading on Tuesday, hitting $84.60. The stock had a trading volume of 1,559,887 shares. The company’s market cap is $15.19 billion. The firm has a 50-day moving average of $78.68 and a 200-day moving average of $77.50. Entergy Corporation has a 12-month low of $66.71 and a 12-month high of $84.60.
Entergy Corporation (NYSE:ETR) last issued its earnings results on Wednesday, August 2nd. The utilities provider reported $3.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.20 by $1.91. The business had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.44 billion. Entergy Corporation had a positive return on equity of 14.08% and a negative net margin of 7.98%. During the same period in the previous year, the firm posted $3.16 EPS. Equities research analysts forecast that Entergy Corporation will post $6.73 EPS for the current year.
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A number of analysts have commented on ETR shares. Morgan Stanley upped their price target on Entergy Corporation from $82.00 to $84.00 and gave the stock an “underweight” rating in a research report on Friday, September 8th. Jefferies Group LLC restated a “hold” rating and issued a $78.00 price target on shares of Entergy Corporation in a research report on Thursday, July 6th. BidaskClub cut Entergy Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, July 8th. ValuEngine upgraded Entergy Corporation from a “hold” rating to a “buy” rating in a research report on Monday, August 7th. Finally, Citigroup Inc. upgraded Entergy Corporation from a “neutral” rating to a “buy” rating and set a $91.00 price target for the company in a research report on Friday. Two research 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’s stock. Entergy Corporation currently has an average rating of “Hold” and an average price target of $79.33.
Several institutional investors have recently modified their holdings of the company. Hudock Capital Group LLC boosted its holdings in shares of Entergy Corporation by 0.4% during the 2nd quarter. Hudock Capital Group LLC now owns 5,014 shares of the utilities provider’s stock worth $384,000 after purchasing an additional 20 shares during the last quarter. Advisor Partners LLC boosted its holdings in shares of Entergy Corporation by 0.5% during the 2nd quarter. Advisor Partners LLC now owns 4,891 shares of the utilities provider’s stock worth $375,000 after purchasing an additional 24 shares during the last quarter. Univest Corp of Pennsylvania boosted its holdings in shares of Entergy Corporation by 0.6% during the 2nd quarter. Univest Corp of Pennsylvania now owns 4,281 shares of the utilities provider’s stock worth $329,000 after purchasing an additional 25 shares during the last quarter. Regal Investment Advisors LLC boosted its holdings in shares of Entergy Corporation by 0.4% during the 2nd quarter. Regal Investment Advisors LLC now owns 6,824 shares of the utilities provider’s stock worth $524,000 after purchasing an additional 27 shares during the last quarter. Finally, Cleararc Capital Inc. boosted its holdings in shares of Entergy Corporation by 1.0% during the 1st quarter. Cleararc Capital Inc. now owns 4,395 shares of the utilities provider’s stock worth $334,000 after purchasing an additional 43 shares during the last quarter. Institutional investors and hedge funds own 84.15% of the company’s stock.
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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