Donald W. Vinci Sells 3,000 Shares of Entergy Corporation (ETR) Stock
Entergy Corporation (NYSE:ETR) EVP Donald W. Vinci sold 3,000 shares of the stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $85.25, for a total transaction of $255,750.00. Following the sale, the executive vice president now owns 9,039 shares in the company, valued at $770,574.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Entergy Corporation (ETR) opened at $87.42 on Wednesday. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.78 and a quick ratio of 0.58. The company has a market cap of $15,616.98, a price-to-earnings ratio of 12.82, a P/E/G ratio of 1.80 and a beta of 0.57. Entergy Corporation has a 52-week low of $67.40 and a 52-week high of $87.85.
Entergy Corporation (NYSE:ETR) last posted its earnings results on Tuesday, October 24th. The utilities provider reported $2.35 EPS for the quarter, beating the Zacks’ consensus estimate of $2.24 by $0.11. The firm had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.13 billion. Entergy Corporation had a negative net margin of 7.82% and a positive return on equity of 14.76%. During the same period last year, the firm posted $2.31 EPS. research analysts predict that Entergy Corporation will post 6.88 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Thursday, November 9th will be given a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 4.07%. This is an increase from Entergy Corporation’s previous quarterly dividend of $0.87. The ex-dividend date of this dividend is Wednesday, November 8th. Entergy Corporation’s dividend payout ratio (DPR) is -72.06%.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Castleton Investment Management LLC purchased a new position in shares of Entergy Corporation in the 2nd quarter valued at $16,800,000. Principal Financial Group Inc. grew its position in shares of Entergy Corporation by 99.4% in the 2nd quarter. Principal Financial Group Inc. now owns 902,639 shares of the utilities provider’s stock valued at $69,296,000 after buying an additional 449,986 shares during the last quarter. BlackRock Inc. grew its position in shares of Entergy Corporation by 1.0% in the 2nd quarter. BlackRock Inc. now owns 16,243,801 shares of the utilities provider’s stock valued at $1,247,035,000 after buying an additional 154,117 shares during the last quarter. Prudential Financial Inc. grew its position in shares of Entergy Corporation by 4.3% in the 2nd quarter. Prudential Financial Inc. now owns 585,575 shares of the utilities provider’s stock valued at $44,954,000 after buying an additional 23,946 shares during the last quarter. Finally, Swiss National Bank grew its position in shares of Entergy Corporation by 3.3% in the 2nd quarter. Swiss National Bank now owns 655,522 shares of the utilities provider’s stock valued at $50,324,000 after buying an additional 20,800 shares during the last quarter. 82.91% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts have issued reports on ETR shares. ValuEngine upgraded shares of Entergy Corporation from a “hold” rating to a “buy” rating in a report on Monday, August 7th. J P Morgan Chase & Co increased their target price on shares of Entergy Corporation from $83.00 to $84.00 and gave the stock a “neutral” rating in a report on Thursday, October 12th. Bank of America Corporation started coverage on shares of Entergy Corporation in a report on Tuesday, October 24th. They issued a “neutral” rating and a $86.00 price objective on the stock. Wells Fargo & Company restated an “outperform” rating and issued a $96.00 price objective (up from $90.00) on shares of Entergy Corporation in a report on Wednesday, October 25th. Finally, Morgan Stanley raised their price objective on shares of Entergy Corporation from $82.00 to $84.00 and gave the company an “underweight” rating in a report on Friday, September 8th. Nine analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Entergy Corporation presently has a consensus rating of “Hold” and an average target price of $82.42.
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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