An Insider at Entergy Corp is Exercising Options

By Carrie Williams

On November 13, an Insider at Entergy Corp, Charles L. Rice, exercised options of Entergy Corp for $796.4K.

Following Charles L. Rice’s last ETR Sell transaction on May 13, 2016, the stock climbed by 15.9%. In addition to Charles L. Rice, 3 other ETR executives reported Sell trades in the last month.

Based on Entergy Corp’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $3.2 billion and quarterly net profit of $402 million. In comparison, last year the company earned revenue of $3.04 billion and had a net profit of $393 million. The company has a one-year high of $87.85 and a one-year low of $67.40. Currently, Entergy Corp has an average volume of 1.22M.

Four different firms, including Merrill Lynch and Goldman Sachs, currently also have a Sell rating on the stock. Based on 7 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $87.33, reflecting a 0.1% upside.

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Entergy Corp. is a holding company, which engages in electric power generation and distribution. It operates through the following segments: Utility; Energy Wholesale Commodities; and All Other.