Insider Selling: Entergy Co. (NYSE:ETR) EVP Sells 10,033 Shares of Stock
Entergy Co. (NYSE:ETR) EVP Donald W. Vinci sold 10,033 shares of the firm’s stock in a transaction that occurred on Monday, November 12th. The stock was sold at an average price of $87.00, for a total transaction of $872,871.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
ETR traded up $0.21 during midday trading on Friday, reaching $88.46. 1,790,293 shares of the company were exchanged, compared to its average volume of 1,322,181. Entergy Co. has a one year low of $71.95 and a one year high of $89.43. The stock has a market cap of $15.99 billion, a P/E ratio of 12.29, a price-to-earnings-growth ratio of 1.81 and a beta of 0.42. The company has a current ratio of 0.64, a quick ratio of 0.49 and a debt-to-equity ratio of 1.88.
Entergy (NYSE:ETR) last posted its quarterly earnings results on Wednesday, October 31st. The utilities provider reported $3.77 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.83 by $0.94. The firm had revenue of $3.10 billion for the quarter, compared to analyst estimates of $2.85 billion. Entergy had a return on equity of 16.94% and a net margin of 4.01%. During the same quarter in the previous year, the firm earned $2.35 EPS. As a group, equities analysts forecast that Entergy Co. will post 6.98 EPS for the current year.
A number of research analysts have recently commented on the stock. Zacks Investment Research reissued a “strong-buy” rating and set a $97.00 target price on shares of Entergy in a research report on Tuesday, November 13th. Morgan Stanley set a $86.00 target price on shares of Entergy and gave the company a “hold” rating in a research note on Thursday, October 11th. Bank of America boosted their price target on shares of Entergy from $91.00 to $93.00 and gave the company a “buy” rating in a report on Thursday, November 1st. Citigroup upped their price objective on shares of Entergy from $88.00 to $89.00 and gave the stock a “buy” rating in a report on Wednesday, October 17th. Finally, JPMorgan Chase & Co. upped their price target on shares of Entergy from $82.00 to $85.00 and gave the company a “neutral” rating in a report on Wednesday, August 29th. Five investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $89.63.
Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Entergy by 1.0% in the third quarter. Vanguard Group Inc. now owns 21,656,660 shares of the utilities provider’s stock valued at $1,757,006,000 after buying an additional 218,066 shares during the period. Morgan Stanley boosted its holdings in Entergy by 86.7% in the third quarter. Morgan Stanley now owns 339,249 shares of the utilities provider’s stock worth $27,523,000 after acquiring an additional 157,537 shares in the last quarter. Legal & General Group Plc boosted its holdings in Entergy by 8.7% in the third quarter. Legal & General Group Plc now owns 1,347,336 shares of the utilities provider’s stock worth $109,268,000 after acquiring an additional 108,230 shares in the last quarter. Standard Life Aberdeen plc raised its stake in shares of Entergy by 6.3% in the third quarter. Standard Life Aberdeen plc now owns 84,479 shares of the utilities provider’s stock worth $6,854,000 after purchasing an additional 4,988 shares during the last quarter. Finally, Paradigm Asset Management Co. LLC raised its stake in shares of Entergy by 110.4% in the third quarter. Paradigm Asset Management Co. LLC now owns 35,540 shares of the utilities provider’s stock worth $2,883,000 after purchasing an additional 18,650 shares during the last quarter. 91.31% of the stock is owned by institutional investors.
ILLEGAL ACTIVITY WARNING: This article was originally published by Marea Informative and is the property of of Marea Informative. If you are viewing this article on another publication, it was illegally stolen and republished in violation of U.S. and international trademark and copyright legislation. The original version of this article can be accessed at https://www.mareainformativa.com/news/2018/12/08/donald-w-vinci-sells-10033-shares-of-entergy-co-etr-stock-updated-updated-updated.html.
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.
Featured Article: Diversification Important in Investing
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.