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 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.
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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.
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