In a recent transaction, Haley Fisackerly, an officer at Entergy Corp (NYSE:ETR), sold 1,500 shares of the company's common stock at a price of $110.23 per share, totaling approximately $165,345. This sale, reported on May 8, 2024, was disclosed in a regulatory filing with the Securities and Exchange Commission (SEC).
Following the transaction, Fisackerly's direct holdings in Entergy Corp decreased to 2,479 shares. Additionally, it was noted in the footnotes of the filing that this amount includes 21 shares acquired through the dividend reinvestment feature of Entergy's equity ownership plans. Furthermore, the executive holds an indirect ownership of 4,714 shares through a 401(k) plan.
Entergy Corp, with its business address in New Orleans, Louisiana, operates in the electric services industry under the standard industrial classification code 4911. The company is incorporated in Delaware and ends its fiscal year on December 31.
The transaction was signed off by Daniel T. Falstad, by power of attorney granted by the reporting person, on May 9, 2024. The sale of shares by a company executive is often closely watched by investors as it may provide insights into the executive's perspective on the company's current valuation and future prospects.
InvestingPro Insights
Recent market activity of Entergy Corp (NYSE:ETR) showcases a notable insider transaction, which can often serve as a valuable signal to investors. To provide a broader context, here are some key insights and data points from InvestingPro that can help investors understand the company's current financial health and future outlook:
Entergy Corp is currently trading at a Price/Earnings (P/E) ratio of 11.11, which appears relatively low when considering near-term earnings growth, indicating that the stock may be undervalued at its current price. The company has also demonstrated a commitment to shareholders through its dividend policy, having raised its dividend for 9 consecutive years and maintaining dividend payments for 37 consecutive years, a testament to its financial stability and management's confidence in the company's future.
Moreover, the company's stock is trading near its 52-week high, with a price that is 99.93% of the peak, reflecting strong investor confidence. The dividend yield stands at an attractive 4.08%, coupled with a dividend growth of 5.61% over the last twelve months as of Q1 2024. These metrics suggest that Entergy Corp offers a compelling mix of value and income potential.
Investors looking for a more comprehensive analysis can find additional InvestingPro Tips on Entergy Corp, including insights into the company's debt burden and liquidity challenges, as well as analysts' earnings revisions and predictions for profitability. Currently, there are 5 analysts who have revised their earnings upwards for the upcoming period, signaling potential optimism about the company's performance.
To explore these insights in greater depth, including other valuable InvestingPro Tips, visit https://www.investing.com/pro/ETR. And don't forget, using the coupon code PRONEWS24 will get you an additional 10% off a yearly or biyearly Pro and Pro+ subscription, enabling you to stay ahead with expert financial analysis and real-time data.
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