Entergy corp officer Fisackerly sold $616,090 worth of Investing.com stock

Haley Fisackerly, an officer at Entergy Corp (NYSE:ETR), recently sold a significant portion of the company’s stock. According to a recent SEC filing, Fisackerly sold 4,134 shares of Entergy stock on November 12, 2024 at a price of $149.03 per share. share, totaling approximately $616,090.

In addition, the filing reports that Fisackerly acquired 4,134 shares through an employee stock option at a price of $89.19 per share. Following these transactions, Fisackerly holds 2,016 shares directly and 4,714 shares indirectly through a 401(k) plan. The indirect holdings include 18 shares acquired via Entergy’s dividend reinvestment plan.

“In other recent news, Entergy Corporation (NYSE: also a 21% increase in its investment forecast and an increase in sales growth forecasts BofA Securities adjusted its stance on Entergy, moving its rating to Neutral from Buy, but increased the price target for Entergy’s shares to $154 from $138 previously.

These developments are part of the company’s latest strategic business plan update, which includes the construction of three new combined cycle units, a new 500kV transmission line, a substation and system upgrades following a service agreement with a major customer in Louisiana. Entergy also announced plans for a stock split to take place in early December and another $7 billion targeted at renewable energy and transmission projects.

The company expects industrial sales growth of 11% to 12% through 2028, driven by a new customer in Louisiana, and maintains a cautious approach to new risks, particularly with operating companies. It is also exploring significant growth opportunities in data centers and actively engaging in regulatory support for new nuclear projects. These are some of the latest developments in the company’s operations.”

InvestingPro Insights

Entergy Corp’s recent stock activity, highlighted by Haley Fisackerly’s transactions, is consistent with several key financial metrics and trends identified by InvestingPro. The company’s stock has shown remarkable strength, with InvestingPro data indicating a total return of 62.03% over the past year and a return of 34.72% over the past six months. This robust performance is reflected in the share price, which currently stands at 94.11% of its 52-week high.

Entergy’s financial health is further emphasized by the company’s dividend policy. An InvestingPro Tip notes that the company has maintained dividend payments for 37 consecutive years, demonstrating a commitment to shareholder returns. This is complemented by a current dividend of 3.24% and significant dividend growth of 12.15% over the past 12 months.

While the company is operating with a significant debt load, as pointed out by another InvestingPro Tip, its profitability remains strong. Entergy reported gross profit of $5,488.65 million and EBITDA of $4,596.97 million for the trailing 12 months from Q3 2024. The company’s P/E ratio (adjusted) is 14.68, indicating a relatively attractive valuation in relation to earnings.

These insights provide context to Fisackerly’s stock transactions and Entergy’s overall financial position. Investors seeking more comprehensive analysis can access additional InvestingPro tips, with 11 more available on the platform, providing a deeper dive into Entergy’s financial outlook and market performance.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.