Entergy Corporation (ETR) EVP Donald W. Vinci Sells 3,000 Shares of Stock
Entergy Corporation (NYSE:ETR) EVP Donald W. Vinci sold 3,000 shares of the business’s 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 completion of the sale, the executive vice president now owns 9,039 shares of the company’s stock, valued at $770,574.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Entergy Corporation (NYSE ETR) opened at $86.64 on Tuesday. The company has a quick ratio of 0.58, a current ratio of 0.78 and a debt-to-equity ratio of 1.61. Entergy Corporation has a one year low of $66.73 and a one year high of $87.85. The company has a market cap of $15,344.80, a price-to-earnings ratio of 12.59, a P/E/G ratio of 1.75 and a beta of 0.57.
Entergy Corporation (NYSE:ETR) last issued its earnings results on Tuesday, October 24th. The utilities provider reported $2.35 EPS for the quarter, topping the consensus estimate of $2.24 by $0.11. The company 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 in the previous year, the firm earned $2.31 earnings per share. analysts anticipate that Entergy Corporation will post 6.93 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Thursday, November 9th will be given a dividend of $0.89 per share. This is an increase from Entergy Corporation’s previous quarterly dividend of $0.87. This represents a $3.56 dividend on an annualized basis and a yield of 4.11%. The ex-dividend date is Wednesday, November 8th. Entergy Corporation’s payout ratio is presently -72.06%.
ETR has been the subject of a number of recent research reports. BidaskClub upgraded shares of Entergy Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. BMO Capital Markets restated a “hold” rating and issued a $78.00 price objective on shares of Entergy Corporation in a report on Friday, August 4th. ValuEngine upgraded shares of Entergy Corporation from a “hold” rating to a “buy” rating in a report on Monday, August 7th. Morgan Stanley boosted their price objective on shares of Entergy Corporation from $79.00 to $82.00 and gave the stock an “underweight” rating in a report on Thursday, August 10th. Finally, Jefferies Group LLC restated a “hold” rating on shares of Entergy Corporation in a report on Friday, August 11th. Nine analysts have rated the stock with a hold rating and five have given a buy rating to the company. Entergy Corporation has a consensus rating of “Hold” and an average price target of $82.42.
A number of institutional investors have recently modified their holdings of ETR. Thrivent Financial For Lutherans increased its position in Entergy Corporation by 5.6% during the 1st quarter. Thrivent Financial For Lutherans now owns 6,600 shares of the utilities provider’s stock valued at $501,000 after purchasing an additional 350 shares during the period. Dimensional Fund Advisors LP increased its position in Entergy Corporation by 2.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 406,463 shares of the utilities provider’s stock valued at $30,875,000 after purchasing an additional 9,521 shares during the period. Xact Kapitalforvaltning AB increased its position in Entergy Corporation by 6.6% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 14,141 shares of the utilities provider’s stock valued at $1,086,000 after purchasing an additional 879 shares during the period. Capstone Asset Management Co. increased its position in Entergy Corporation by 4.8% during the 2nd quarter. Capstone Asset Management Co. now owns 20,675 shares of the utilities provider’s stock valued at $1,587,000 after purchasing an additional 944 shares during the period. Finally, Gateway Investment Advisers LLC increased its position in Entergy Corporation by 2.8% during the 2nd quarter. Gateway Investment Advisers LLC now owns 12,675 shares of the utilities provider’s stock valued at $973,000 after purchasing an additional 349 shares during the period. 82.91% of the stock is currently owned by institutional investors and hedge funds.
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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