In a recent SEC filing, Deanna D. Rodriguez, an officer under SEC rules, disclosed significant transactions involving Entergy Corp (NYSE:ETR) stock. On December 13, Rodriguez sold 6,088 shares of Entergy's common stock at a price of $73.94 per share, amounting to a total of $450,146. The transaction comes amid a strong year for Entergy, with the stock delivering a total return of over 53% in the past year.
Additionally, Rodriguez exercised stock options to acquire a total of 6,088 shares at prices ranging from $54.24 to $54.80 per share, with these transactions collectively valued at $332,432. Following these transactions, Rodriguez holds 3,952 shares directly and 8,233 shares indirectly through a 401(k) plan.
These activities reflect a part of Rodriguez's ongoing management of her holdings in Entergy, a major player in the electric services industry with a market capitalization of $32 billion. The company has maintained dividend payments for 37 consecutive years and currently trades near its InvestingPro Fair Value, with 10+ additional exclusive insights available to subscribers.
In other recent news, Entergy Corporation (NYSE:ETR) has made significant strides in its business operations. The company reported a robust third-quarter performance with an adjusted earnings per share (EPS) of $2.99, leading to an upward revision of the lower end of its guidance range. Alongside, Entergy has revealed plans to accelerate its capital investment plan, allocating an additional $7 billion toward renewable energy and transmission projects.
The company'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, Entergy has executed a two-for-one forward stock split and increased its authorized common stock from 499 million to 998 million shares, aimed at making the stock more accessible to a broader base of investors.
Several analyst firms have adjusted their ratings and price targets for Entergy. KeyBanc Capital Markets downgraded the company's stock from Overweight to Sector Weight due to valuation concerns, while BMO Capital maintained an Outperform rating on the stock, despite reducing its price target to $159 from $166. BofA Securities moved its rating to Neutral from Buy but increased the price target from $138 to $154.
In addition, Entergy has implemented amendments to its bylaws, aiming to align the company's bylaws with recent developments in Delaware law and current best practices. Lastly, RBC Capital Markets highlighted Entergy as one of the stocks offering exposure to the burgeoning data center markets. These are the recent developments in the company's operations.
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