Entergy Co. (ETR) EVP Sells $442,000.00 in Stock
Entergy Co. (NYSE:ETR) EVP Donald W. Vinci sold 5,200 shares of the stock in a transaction on Wednesday, August 15th. The stock was sold at an average price of $85.00, for a total transaction of $442,000.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of NYSE:ETR traded up $0.18 during midday trading on Friday, hitting $85.32. The company’s stock had a trading volume of 1,276,700 shares, compared to its average volume of 1,569,965. The company has a market cap of $15.08 billion, a P/E ratio of 11.85, a P/E/G ratio of 1.87 and a beta of 0.51. Entergy Co. has a fifty-two week low of $71.95 and a fifty-two week high of $87.95. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.42 and a current ratio of 0.57.
Entergy (NYSE:ETR) last issued its quarterly earnings results on Wednesday, August 1st. The utilities provider reported $1.79 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.31 by $0.48. The company had revenue of $2.67 billion for the quarter, compared to the consensus estimate of $2.55 billion. Entergy had a return on equity of 13.45% and a net margin of 2.73%. During the same period last year, the business posted $3.11 earnings per share. equities analysts predict that Entergy Co. will post 6.36 EPS for the current year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. LSV Asset Management lifted its stake in shares of Entergy by 11.3% in the second quarter. LSV Asset Management now owns 6,327,956 shares of the utilities provider’s stock valued at $511,235,000 after buying an additional 643,668 shares during the period. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in shares of Entergy by 3.0% in the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,152,508 shares of the utilities provider’s stock valued at $248,354,000 after buying an additional 91,361 shares during the period. Boston Partners lifted its stake in shares of Entergy by 38.4% in the second quarter. Boston Partners now owns 2,824,231 shares of the utilities provider’s stock valued at $228,170,000 after buying an additional 784,238 shares during the period. Millennium Management LLC lifted its stake in shares of Entergy by 107.5% in the second quarter. Millennium Management LLC now owns 2,700,290 shares of the utilities provider’s stock valued at $218,156,000 after buying an additional 1,398,892 shares during the period. Finally, FMR LLC lifted its stake in shares of Entergy by 256.4% in the second quarter. FMR LLC now owns 2,585,554 shares of the utilities provider’s stock valued at $208,886,000 after buying an additional 1,860,030 shares during the period. Institutional investors and hedge funds own 87.22% of the company’s stock.
ETR has been the topic of several research analyst reports. Mizuho reaffirmed a “buy” rating and issued a $88.50 price target on shares of Entergy in a research report on Thursday, April 19th. JPMorgan Chase & Co. raised their price target on Entergy from $81.00 to $82.00 and gave the company a “neutral” rating in a research report on Thursday, April 26th. Wolfe Research raised Entergy from an “underperform” rating to a “market perform” rating in a research report on Thursday, April 26th. ValuEngine raised Entergy from a “hold” rating to a “buy” rating in a research report on Friday, April 27th. Finally, TheStreet raised Entergy from a “c” rating to a “b” rating in a research report on Wednesday, April 25th. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $87.71.
Entergy Corporation, together with its subsidiaries, engages in the production and distribution of electricity in the United States. It generates electricity through gas/oil, nuclear, coal, hydro, and solar power sources. The company's Utility segment generates, transmits, distributes, and sells electric power in portions of Arkansas, Mississippi, Texas, and Louisiana, including the City of New Orleans; and distributes natural gas.
Featured Story: Should I follow buy, hold and sell recommendations?
Receive News & Ratings for Entergy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Entergy and related companies with MarketBeat.com's FREE daily email newsletter.