Insider Selling: Entergy Co. (ETR) EVP Sells 31,300 Shares of Stock

Entergy Co. (NYSE:ETR) EVP Marcus V. Brown sold 31,300 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $94.92, for a total transaction of $2,970,996.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

ETR stock traded down $0.28 during trading on Friday, hitting $94.66. 4,557,426 shares of the company’s stock traded hands, compared to its average volume of 1,566,187. Entergy Co. has a 52 week low of $75.45 and a 52 week high of $95.63. The company has a quick ratio of 0.38, a current ratio of 0.54 and a debt-to-equity ratio of 1.76. The firm has a market capitalization of $17.95 billion, a P/E ratio of 12.95 and a beta of 0.40.

Entergy (NYSE:ETR) last released its quarterly earnings data on Wednesday, February 20th. The utilities provider reported $0.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.12. Entergy had a net margin of 7.83% and a return on equity of 16.22%. The business had revenue of $2.51 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same quarter last year, the business earned $0.76 earnings per share. As a group, analysts anticipate that Entergy Co. will post 5.47 EPS for the current year.

A number of hedge funds have recently added to or reduced their stakes in ETR. Aspire Private Capital LLC bought a new position in Entergy during the fourth quarter valued at $26,000. Altshuler Shaham Ltd acquired a new stake in Entergy during the 4th quarter worth $27,000. Investec Asset Management PTY Ltd acquired a new stake in Entergy during the 4th quarter worth $37,000. CWM LLC boosted its stake in Entergy by 176.4% during the 4th quarter. CWM LLC now owns 445 shares of the utilities provider’s stock worth $38,000 after purchasing an additional 284 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its stake in Entergy by 8,450.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 5,844,755 shares of the utilities provider’s stock worth $68,000 after purchasing an additional 5,776,402 shares during the last quarter. Institutional investors and hedge funds own 93.06% of the company’s stock.

A number of equities analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Entergy from a “hold” rating to a “buy” rating and set a $99.00 price target for the company in a research report on Monday, February 4th. Macquarie upgraded shares of Entergy from a “neutral” rating to an “outperform” rating in a research report on Monday. Morgan Stanley upped their target price on shares of Entergy from $88.00 to $91.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 12th. ValuEngine upgraded shares of Entergy from a “hold” rating to a “buy” rating in a research report on Friday, December 21st. Finally, Wells Fargo & Co upped their target price on shares of Entergy from $99.00 to $105.00 and gave the stock an “outperform” rating in a research report on Thursday, February 21st. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Entergy presently has a consensus rating of “Buy” and a consensus price target of $90.79.

COPYRIGHT VIOLATION WARNING: This story was reported by WKRB News and is the sole property of of WKRB News. If you are accessing this story on another site, it was stolen and reposted in violation of US & international copyright legislation. The original version of this story can be read at https://www.wkrb13.com/2019/03/16/insider-selling-entergy-co-etr-evp-sells-31300-shares-of-stock.html.

Entergy Company Profile

Entergy Corporation, together with its subsidiaries, engages in the production and distribution of electricity in the United States. It generates electricity through gas/oil, nuclear, coal, hydro, and solar power sources. The company's Utility segment generates, transmits, distributes, and sells electric power in portions of Arkansas, Mississippi, Texas, and Louisiana, including the City of New Orleans; and distributes natural gas.

Read More: What is a Candlestick Chart?

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

Receive News & Ratings for Entergy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Entergy and related companies with MarketBeat.com's FREE daily email newsletter.