Insider Selling: Entergy Co. (ETR) EVP Sells 5,416 Shares of Stock

Entergy Co. (NYSE:ETR) EVP Donald W. Vinci sold 5,416 shares of the business’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $83.00, for a total transaction of $449,528.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Entergy Co. (NYSE:ETR) opened at 86.18 on Friday. Entergy Co. has a 1-year low of $66.71 and a 1-year high of $87.00. The company has a 50 day moving average of $79.98 and a 200 day moving average of $78.02. The firm’s market capitalization is $15.47 billion.

Entergy (NYSE:ETR) last announced its quarterly earnings data on Tuesday, October 24th. The utilities provider reported $2.35 earnings per share for the quarter, topping the consensus estimate of $2.24 by $0.11. Entergy had a return on equity of 18.72% and a net margin of 12.38%. The company had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same quarter last year, the firm posted $2.31 EPS. On average, equities research analysts anticipate that Entergy Co. will post $6.88 earnings per share for the current year.

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A number of brokerages recently weighed in on ETR. Wells Fargo & Company restated an “outperform” rating and set a $96.00 target price (up from $90.00) on shares of Entergy in a report on Wednesday. Bank of America Corporation began coverage on shares of Entergy in a report on Tuesday. They set a “neutral” rating and a $86.00 target price on the stock. Jefferies Group LLC upgraded shares of Entergy from a “hold” rating to a “buy” rating in a report on Monday, October 16th. BidaskClub upgraded shares of Entergy from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $78.00 price objective on shares of Entergy in a report on Friday, August 4th. Nine analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $81.83.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Benjamin F. Edwards & Company Inc. increased its holdings in Entergy by 46.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,300 shares of the utilities provider’s stock worth $100,000 after acquiring an additional 410 shares during the last quarter. V Wealth Management LLC purchased a new stake in Entergy in the 2nd quarter worth about $106,000. Advisory Services Network LLC increased its holdings in Entergy by 2.1% in the 2nd quarter. Advisory Services Network LLC now owns 2,335 shares of the utilities provider’s stock worth $179,000 after acquiring an additional 49 shares during the last quarter. Parallel Advisors LLC increased its holdings in Entergy by 291.6% in the 1st quarter. Parallel Advisors LLC now owns 2,377 shares of the utilities provider’s stock worth $182,000 after acquiring an additional 1,770 shares during the last quarter. Finally, BlueMountain Capital Management LLC purchased a new stake in Entergy in the 2nd quarter worth about $204,000. 84.73% of the stock is owned by institutional investors.

About Entergy

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 (NYSE:ETR)

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