Entergy Corporation (NYSE:ETR) EVP Marcus V. Brown sold 1,500 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 $123,000.00. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Entergy Corporation (NYSE ETR) opened at 85.36 on Friday. The firm’s market capitalization is $15.32 billion. Entergy Corporation has a 12-month low of $66.71 and a 12-month high of $85.43. The company’s 50-day moving average price is $79.26 and its 200-day moving average price is $77.73.

Entergy Corporation (NYSE:ETR) last issued its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $3.11 earnings per share (EPS) 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 business 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. Equities analysts expect that Entergy Corporation will post $6.75 EPS for the current fiscal year.

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Several institutional investors and hedge funds have recently modified their holdings of ETR. BlackRock Inc. lifted its stake in shares of Entergy Corporation by 3,574.9% during the first quarter. BlackRock Inc. now owns 16,089,684 shares of the utilities provider’s stock valued at $1,222,173,000 after acquiring an additional 15,651,863 shares during the period. Franklin Resources Inc. lifted its stake in shares of Entergy Corporation by 43.9% during the second quarter. Franklin Resources Inc. now owns 1,888,643 shares of the utilities provider’s stock valued at $144,991,000 after acquiring an additional 576,426 shares during the period. AJO LP lifted its stake in shares of Entergy Corporation by 16.0% during the second quarter. AJO LP now owns 3,518,543 shares of the utilities provider’s stock valued at $270,119,000 after acquiring an additional 485,602 shares during the period. Vanguard Group Inc. lifted its stake in shares of Entergy Corporation by 2.4% during the first quarter. Vanguard Group Inc. now owns 19,927,324 shares of the utilities provider’s stock valued at $1,513,680,000 after acquiring an additional 470,255 shares during the period. Finally, Principal Financial Group Inc. lifted its stake in shares of Entergy Corporation by 99.4% during the second quarter. Principal Financial Group Inc. now owns 902,639 shares of the utilities provider’s stock valued at $69,296,000 after acquiring an additional 449,986 shares during the period. 84.15% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages recently weighed in on ETR. Jefferies Group LLC upgraded shares of Entergy Corporation from a “hold” rating to a “buy” rating in a research note on Monday. Citigroup Inc. upgraded shares of Entergy Corporation from a “neutral” rating to a “buy” rating and set a $91.00 price objective on the stock in a research note on Friday, October 13th. J P Morgan Chase & Co lifted their price objective on shares of Entergy Corporation from $83.00 to $84.00 and gave the company a “neutral” rating in a research note on Thursday, October 12th. BidaskClub upgraded shares of Entergy Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, August 26th. Finally, Morgan Stanley lifted their price objective on shares of Entergy Corporation from $82.00 to $84.00 and gave the company an “underweight” rating in a research note on Friday, September 8th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average 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.

Insider Buying and Selling by Quarter for Entergy Corporation (NYSE:ETR)

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