On August 8, 2024, Norgeot Peter S Jr, Executive Vice President and Chief Operating Officer of Entergy Corp (NYSE:ETR), completed a sale of 11,472 shares of the company’s stock. The transaction was reported through an SEC filing on the same day. Following this transaction, the insider now owns 37,888 shares of Entergy Corp.

Entergy Corp, a major utility company, is engaged in the generation and distribution of electricity. The company operates in several states in the southern United States, supplies electricity to millions of customers, and is involved in energy generation and retail distribution.

Over the past year, the insider has sold a total of 11,472 shares and purchased no shares. This recent sale is part of a broader trend seen at Entergy Corp, where there were 9 insider sales and no insider purchases over the past year.

Entergy Corp shares were trading at $115.16 on the day of the sale. The company has a market capitalization of around $25.13 billion. Entergy Corp’s price-to-earnings ratio is 14.06, which is below the industry median of 14.975 and also below the company’s historical median.

According to GF Value, an estimate of intrinsic value used to determine the fair value of stocks, Entergy Corp has a GF Value of $103.15. At the current price of $115.16, the stock has a Price to GF Value ratio of 1.12, which means it is slightly overvalued.

The GF value is calculated based on historical trading multiples, an adjustment factor based on past earnings and growth, and estimates of future business performance provided by Morningstar analysts.

This insider sale could be of interest to investors who follow insider behavior as an indicator of the company’s future performance or for adjustments to the stock’s valuation.

This article created by GuruFocus is intended to provide general insights and does not constitute tailored financial advice. Our commentary is based on historical data and analyst forecasts, uses an unbiased methodology and is not intended to serve as specific investment advice. It does not contain a recommendation to buy or sell any stock and does not take into account any individual investment objectives or financial circumstances. Our goal is to provide long-term, fundamental, data-driven analysis. Note that our analysis may not include the most recent, price-sensitive company announcements or qualitative information. GuruFocus does not hold a position in any stocks mentioned here.

This article first appeared on GuruFocus.