Entergy Corporation (ETR) Insider Sallie T. Rainer Sells 6,300 Shares

Entergy Corporation (NYSE:ETR) insider Sallie T. Rainer sold 6,300 shares of the business’s stock in a transaction dated Friday, October 13th. The shares were sold at an average price of $82.00, for a total value of $516,600.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Sallie T. Rainer also recently made the following trade(s):

  • On Thursday, August 17th, Sallie T. Rainer sold 1,000 shares of Entergy Corporation stock. The shares were sold at an average price of $77.78, for a total value of $77,780.00.

Shares of Entergy Corporation (NYSE:ETR) traded up 1.43% on Tuesday, hitting $84.60. The stock had a trading volume of 1,559,887 shares. The firm’s market capitalization is $15.19 billion. The company 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 posted its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $3.11 earnings per share (EPS) 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 analyst estimates of $2.44 billion. Entergy Corporation had a negative net margin of 7.98% and a positive return on equity of 14.08%. During the same quarter last year, the business posted $3.16 EPS. Equities analysts predict that Entergy Corporation will post $6.73 EPS for the current fiscal year.

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Several brokerages recently issued reports on ETR. Jefferies Group LLC upgraded Entergy Corporation from a “hold” rating to a “buy” rating in a research note on Monday. BidaskClub lowered Entergy Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, July 8th. Morgan Stanley boosted their price target on Entergy Corporation from $82.00 to $84.00 and gave the company an “underweight” rating in a research note on Friday, September 8th. ValuEngine raised Entergy Corporation from a “hold” rating to a “buy” rating in a report on Monday, August 7th. Finally, J P Morgan Chase & Co lifted their price objective on Entergy Corporation from $83.00 to $84.00 and gave the company a “neutral” rating in a report on Thursday, October 12th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $79.33.

Several hedge funds and other institutional investors have recently bought and sold shares of ETR. Wellington Management Group LLP boosted its position in shares of Entergy Corporation by 19.5% during the 1st quarter. Wellington Management Group LLP now owns 603,109 shares of the utilities provider’s stock worth $45,812,000 after acquiring an additional 98,605 shares in the last quarter. Teachers Advisors LLC boosted its position in shares of Entergy Corporation by 13.0% during the 1st quarter. Teachers Advisors LLC now owns 270,900 shares of the utilities provider’s stock worth $20,578,000 after acquiring an additional 31,236 shares in the last quarter. Ngam Advisors L.P. boosted its position in shares of Entergy Corporation by 9.4% during the 1st quarter. Ngam Advisors L.P. now owns 35,909 shares of the utilities provider’s stock worth $2,728,000 after acquiring an additional 3,087 shares in the last quarter. Financial Counselors Inc. boosted its position in shares of Entergy Corporation by 5.4% during the 1st quarter. Financial Counselors Inc. now owns 62,945 shares of the utilities provider’s stock worth $4,781,000 after acquiring an additional 3,215 shares in the last quarter. Finally, Trustmark National Bank Trust Department boosted its position in shares of Entergy Corporation by 62.9% during the 1st quarter. Trustmark National Bank Trust Department now owns 84,040 shares of the utilities provider’s stock worth $6,384,000 after acquiring an additional 32,436 shares in the last quarter. Institutional investors and hedge funds own 84.15% of the company’s stock.

Entergy Corporation Company Profile

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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