Eliecer Viamontes, an officer at Entergy Corp (NYSE:ETR), recently executed a series of stock transactions, as disclosed in a Form 4 filing with the Securities and Exchange Commission. On November 27, Viamontes sold a total of 244 shares of Entergy common stock. The sales were conducted at prices ranging from $156.99 to $157.27 per share, totaling approximately $38,327. The transaction occurred as Entergy's stock trades near its 52-week high of $158.07, with the company showing remarkable performance this year, delivering a 60.61% return year-to-date.InvestingPro subscribers can access comprehensive insider trading analysis and 12 additional key insights about Entergy's performance and outlook.
Following these transactions, Viamontes holds 4,009 shares directly. Additionally, 1,390 shares are held indirectly through a spousal account, and 1,841 shares are managed through a 401(k) plan. These transactions provide insight into insider activities at Entergy, a major player in the electric services industry based in New Orleans. With a market capitalization of $33.6 billion and a consistent dividend yield of 3.07%, Entergy has maintained dividend payments for 37 consecutive years, demonstrating strong financial health as confirmed by its GOOD overall rating from InvestingPro's comprehensive analysis.
In other recent news, Entergy Corporation (NYSE:ETR) has announced strong third-quarter earnings, with an adjusted earnings per share (EPS) of $2.99. This robust performance led to an upward revision of the lower end of the company's guidance range. The utility company also plans to accelerate its capital investment plan, with an additional $7 billion targeted toward renewable energy and transmission projects. In line with these developments, BMO Capital and BofA Securities have adjusted their stances on Entergy. BMO Capital has reduced its stock price target to $159 from $166, maintaining an Outperform rating, while BofA Securities downgraded Entergy's stock to Neutral from Buy, but simultaneously raised the price target from $138 to $154. Both adjustments follow the company's recent earnings announcement and a detailed update to its strategic business plan. Entergy's revised business plan includes a 21% increase in capital spending, higher EPS guidance, and an elevated EPS growth rate of 8%-9% from 2026 to 2028. Furthermore, the company has revealed plans for constructing new combined cycle units, a 500kV transmission line, a substation, and system upgrades, following an agreement with a major customer in Louisiana. These are the recent developments in the company's operations.
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