Aberdeen Group plc Acquires 11,663 Shares of Entergy Corporation $ETR

Key Points

• Aberdeen Group plc has increased its stake in Entergy Corporation by 3.4%, acquiring an additional 11,663 shares, resulting in a total of 350,299 shares valued at approximately $29.1 million.
• Insider Haley Fisackerly sold 4,463 shares at $90.50, significantly reducing their ownership by 57.36%, reflecting ongoing adjustments in insider stock positions.
• Entergy has received various ratings from analysts, with expected price targets ranging from $85.00 to $103.00, indicating a consensus rating of "Moderate Buy" and targeting an average price of $93.00.

Aberdeen Group plc increased its holdings in Entergy Corporation (NYSE:ETR - Free Report) by 3.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 350,299 shares of the utilities provider's stock after acquiring an additional 11,663 shares during the period. Aberdeen Group plc owned about 0.08% of Entergy worth $29,117,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. My Legacy Advisors LLC lifted its position in shares of Entergy by 0.8% during the second quarter. My Legacy Advisors LLC now owns 16,576 shares of the utilities provider's stock worth $1,361,000 after acquiring an additional 128 shares in the last quarter. Acropolis Investment Management LLC raised its position in shares of Entergy by 0.7% in the first quarter. Acropolis Investment Management LLC now owns 17,954 shares of the utilities provider's stock worth $1,535,000 after buying an additional 129 shares in the last quarter. Mattson Financial Services LLC raised its position in shares of Entergy by 100.0% in the first quarter. Mattson Financial Services LLC now owns 300 shares of the utilities provider's stock worth $26,000 after buying an additional 150 shares in the last quarter. Cary Street Partners Investment Advisory LLC raised its position in shares of Entergy by 18.6% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 1,050 shares of the utilities provider's stock worth $90,000 after buying an additional 165 shares in the last quarter. Finally, Horizon Investments LLC raised its position in shares of Entergy by 1.8% in the first quarter. Horizon Investments LLC now owns 10,060 shares of the utilities provider's stock worth $854,000 after buying an additional 176 shares in the last quarter. 88.07% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Haley Fisackerly sold 4,463 shares of the firm's stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $90.50, for a total transaction of $403,901.50. Following the transaction, the insider directly owned 3,318 shares of the company's stock, valued at approximately $300,279. This trade represents a 57.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.39% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on ETR shares. Mizuho set a $97.00 price objective on Entergy and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Morgan Stanley lowered their price objective on Entergy from $86.00 to $85.00 and set an "equal weight" rating on the stock in a research report on Thursday, September 25th. Weiss Ratings reissued a "buy (b)" rating on shares of Entergy in a research note on Wednesday, October 8th. JPMorgan Chase & Co. increased their target price on Entergy from $102.00 to $103.00 and gave the company an "overweight" rating in a research note on Thursday, August 21st. Finally, Barclays set a $100.00 target price on Entergy and gave the company an "overweight" rating in a research note on Monday, October 6th. Thirteen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $93.00.

Entergy Stock Down 0.4%

Shares of NYSE:ETR opened at $95.19 on Monday. The stock's 50-day moving average price is $90.45 and its 200-day moving average price is $85.72. Entergy Corporation has a 12-month low of $64.72 and a 12-month high of $98.58. The stock has a market capitalization of $42.49 billion, a P/E ratio of 23.71, a price-to-earnings-growth ratio of 2.59 and a beta of 0.62. The company has a current ratio of 0.80, a quick ratio of 0.52 and a debt-to-equity ratio of 1.73.

Entergy (NYSE:ETR - Get Free Report) last announced its quarterly earnings data on Friday, July 8th. The utilities provider reported $0.71 earnings per share (EPS) for the quarter. Entergy had a return on equity of 11.52% and a net margin of 14.35%.The firm had revenue of $2.37 billion for the quarter. On average, equities analysts anticipate that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Wednesday, August 13th were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Wednesday, August 13th. Entergy's dividend payout ratio (DPR) is 59.85%.

About Entergy

Entergy Corporation, together with its subsidiaries, engages in the production and retail distribution of electricity in the United States. It generates, transmits, distributes, and sells electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, including the City of New Orleans; and distributes natural gas.

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