Callan Family Office LLC Buys 11,800 Shares of Entergy Corporation $ETR

Key Points

• Callan Family Office LLC increased its stake in Entergy Corporation by 179.0% during the second quarter, purchasing an additional 11,800 shares and bringing its total holdings to 18,392 shares.
• Other institutional investors also significantly boosted their stakes in Entergy, with TD Asset Management raising its holdings by 964.8% and Vanguard Group increasing theirs by 5.2%.
• Entergy recently announced a quarterly dividend of $0.60 per share, reflecting a 2.5% yield, and has a current payout ratio of 59.85%.

Callan Family Office LLC boosted its stake in shares of Entergy Corporation (NYSE:ETR - Free Report) by 179.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,392 shares of the utilities provider's stock after buying an additional 11,800 shares during the quarter. Callan Family Office LLC's holdings in Entergy were worth $1,529,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of ETR. TD Asset Management Inc raised its holdings in shares of Entergy by 964.8% in the 1st quarter. TD Asset Management Inc now owns 3,055,698 shares of the utilities provider's stock valued at $261,232,000 after purchasing an additional 2,768,734 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Entergy by 5.2% in the 1st quarter. Vanguard Group Inc. now owns 54,828,994 shares of the utilities provider's stock valued at $4,687,331,000 after purchasing an additional 2,695,348 shares in the last quarter. Alkeon Capital Management LLC bought a new stake in shares of Entergy in the 1st quarter valued at about $194,429,000. Nuveen LLC bought a new stake in shares of Entergy in the 1st quarter valued at about $123,648,000. Finally, Zimmer Partners LP raised its holdings in shares of Entergy by 285.5% in the 1st quarter. Zimmer Partners LP now owns 1,133,474 shares of the utilities provider's stock valued at $96,901,000 after purchasing an additional 839,474 shares in the last quarter. Institutional investors own 88.07% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on ETR. Morgan Stanley reduced their price target on shares of Entergy from $86.00 to $85.00 and set an "equal weight" rating for the company in a report on Thursday, September 25th. Evercore ISI set a $98.00 price target on shares of Entergy and gave the company an "in-line" rating in a report on Monday, October 6th. JPMorgan Chase & Co. boosted their price target on shares of Entergy from $102.00 to $103.00 and gave the company an "overweight" rating in a report on Thursday, August 21st. Jefferies Financial Group assumed coverage on shares of Entergy in a research note on Thursday, September 4th. They set a "buy" rating and a $109.00 price objective for the company. Finally, Barclays set a $100.00 price objective on shares of Entergy and gave the stock an "overweight" rating in a research note on Monday, October 6th. Thirteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, Entergy currently has an average rating of "Moderate Buy" and a consensus target price of $93.00.

Insiders Place Their Bets

In other Entergy news, insider Haley Fisackerly sold 4,463 shares of the business's stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $90.50, for a total transaction of $403,901.50. Following the sale, the insider owned 3,318 shares of the company's stock, valued at approximately $300,279. The trade was a 57.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.39% of the company's stock.

Entergy Stock Down 0.4%

NYSE:ETR opened at $95.19 on Friday. The company has a market cap of $42.49 billion, a PE ratio of 23.71, a P/E/G ratio of 2.59 and a beta of 0.62. Entergy Corporation has a twelve month low of $64.72 and a twelve month high of $98.58. The company has a current ratio of 0.80, a quick ratio of 0.52 and a debt-to-equity ratio of 1.73. The company's 50 day moving average is $90.45 and its two-hundred day moving average is $85.71.

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

Entergy Dividend Announcement

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

Entergy Company Profile

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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