Divergent Planning LLC Buys Shares of 6,249 Entergy Corporation $ETR

Key Points

• Divergent Planning LLC has acquired a new stake in Entergy Corporation by purchasing 6,249 shares valued at approximately $519,000 during the second quarter.
• Institutional investors collectively own 88.07% of Entergy's stock, highlighting its significant institutional backing.
• Entergy recently announced a quarterly dividend of $0.60 per share, contributing to an annualized dividend yield of 2.5%.

Divergent Planning LLC bought a new stake in shares of Entergy Corporation (NYSE:ETR - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 6,249 shares of the utilities provider's stock, valued at approximately $519,000.

Several other institutional investors have also recently made changes to their positions in the business. Brighton Jones LLC lifted its holdings in Entergy by 275.6% during the fourth quarter. Brighton Jones LLC now owns 9,176 shares of the utilities provider's stock valued at $696,000 after purchasing an additional 6,733 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Entergy by 9.8% in the 1st quarter. GAMMA Investing LLC now owns 15,530 shares of the utilities provider's stock valued at $1,328,000 after acquiring an additional 1,390 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Entergy by 7.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 103,337 shares of the utilities provider's stock valued at $8,835,000 after purchasing an additional 6,811 shares during the last quarter. Blue Trust Inc. increased its position in Entergy by 30.6% during the first quarter. Blue Trust Inc. now owns 3,571 shares of the utilities provider's stock valued at $305,000 after acquiring an additional 836 shares during the last quarter. Finally, Advisor Resource Council purchased a new stake in Entergy in the 1st quarter worth about $230,000. Institutional investors own 88.07% of the company's stock.

Insider Activity at Entergy

In related news, insider Haley Fisackerly sold 4,463 shares of Entergy stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $90.50, for a total value of $403,901.50. Following the completion of the sale, the insider directly owned 3,318 shares in the company, valued at $300,279. This trade represents 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. 0.47% of the stock is owned by insiders.

Entergy Trading Up 0.9%

NYSE:ETR opened at $96.72 on Tuesday. The stock has a market capitalization of $43.18 billion, a price-to-earnings ratio of 24.09, a PEG ratio of 2.41 and a beta of 0.62. Entergy Corporation has a 52 week low of $66.75 and a 52 week high of $98.58. The company has a quick ratio of 0.52, a current ratio of 0.80 and a debt-to-equity ratio of 1.73. The firm has a 50 day moving average of $91.16 and a 200 day moving average of $86.23.

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

Entergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Wednesday, August 13th were given a $0.60 dividend. This represents a $2.40 annualized dividend 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 presently 59.85%.

Analyst Ratings Changes

ETR has been the subject of a number of research reports. Bank of America boosted their price target on Entergy from $88.00 to $97.00 and gave the company a "neutral" rating in a report on Thursday, October 16th. Jefferies Financial Group assumed coverage on shares of Entergy in a report on Thursday, September 4th. They issued a "buy" rating and a $109.00 price target for the company. JPMorgan Chase & Co. increased their price objective on shares of Entergy from $102.00 to $103.00 and gave the company an "overweight" rating in a research note on Thursday, August 21st. Evercore ISI set a $98.00 price objective on shares of Entergy and gave the company an "in-line" rating in a report on Monday, October 6th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Entergy in a report on Wednesday, October 8th. Twelve analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $97.57.

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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