On September 9, 2024, Norgeot Peter S Jr, Executive Vice President and Chief Operating Officer of Entergy Corp (ETR, Financial), sold 3,250 shares of the company. Following this transaction, the insider now owns 34,993 shares of Entergy Corp. The shares were sold at a price of $122.56, as detailed in the SEC Filing.
Entergy Corp, a major utility company, is engaged in the production and distribution of electricity. The company operates in several states across the southern United States, providing electric power to millions of customers.
Over the past year, Norgeot Peter S Jr has sold a total of 22,823 shares of Entergy Corp and has not purchased any shares. This recent sale is part of a broader trend observed within the company, where there have been 20 insider sells and no insider buys over the past year.
Currently, Entergy Corp has a market cap of approximately $26.01 billion. The stock's price-earnings ratio stands at 14.55, which is slightly lower than the industry median of 14.645. According to GF Value, the stock is considered modestly overvalued with a price-to-GF-Value ratio of 1.18, based on a GF Value of $103.96.
The GF Value is calculated considering historical trading multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This insider sale might interest investors tracking insider behaviors as an indicator of the company's future performance and valuation trends.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
