Entergy Corporation $ETR Shares Sold by Drucker Wealth 3.0 LLC

Key Points

• Drucker Wealth 3.0 LLC reduced its stake in Entergy Corporation by 25.1% during the 2nd quarter, owning 44,442 shares after selling 14,888 shares.
• Entergy has a quarterly dividend of $0.60, resulting in an annualized dividend yield of 2.5%, with a payout ratio of 59.85%.
• Entergy's stock price opened at $95.19 recently, with a 12-month range between $64.72 and $98.58, and a market cap of $42.49 billion.

Drucker Wealth 3.0 LLC decreased its holdings in Entergy Corporation (NYSE:ETR - Free Report) by 25.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 44,442 shares of the utilities provider's stock after selling 14,888 shares during the quarter. Drucker Wealth 3.0 LLC's holdings in Entergy were worth $3,620,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. My Legacy Advisors LLC raised its stake in Entergy by 0.8% during the 2nd quarter. My Legacy Advisors LLC now owns 16,576 shares of the utilities provider's stock valued at $1,361,000 after purchasing an additional 128 shares during the period. Acropolis Investment Management LLC raised its stake in Entergy by 0.7% during the 1st quarter. Acropolis Investment Management LLC now owns 17,954 shares of the utilities provider's stock valued at $1,535,000 after purchasing an additional 129 shares during the period. Mattson Financial Services LLC raised its stake in Entergy by 100.0% during the 1st quarter. Mattson Financial Services LLC now owns 300 shares of the utilities provider's stock valued at $26,000 after purchasing an additional 150 shares during the period. Cary Street Partners Investment Advisory LLC raised its stake in Entergy by 18.6% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 1,050 shares of the utilities provider's stock valued at $90,000 after purchasing an additional 165 shares during the period. Finally, Horizon Investments LLC raised its stake in Entergy by 1.8% during the 1st quarter. Horizon Investments LLC now owns 10,060 shares of the utilities provider's stock valued at $854,000 after purchasing an additional 176 shares during the period. Institutional investors and hedge funds own 88.07% of the company's stock.

Entergy Trading Down 0.4%

Entergy stock opened at $95.19 on Friday. The company's fifty day simple moving average is $90.45 and its 200-day simple moving average is $85.70. The company has a quick ratio of 0.52, a current ratio of 0.80 and a debt-to-equity ratio of 1.73. Entergy Corporation has a 12 month low of $64.72 and a 12 month high of $98.58. The stock has a market cap of $42.49 billion, a P/E ratio of 23.71, a P/E/G ratio of 2.60 and a beta of 0.62.

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

Entergy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Wednesday, August 13th were paid 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 payout ratio is presently 59.85%.

Insider Activity

In related news, insider Haley Fisackerly sold 4,463 shares of Entergy stock in a transaction 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 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 accessible through this link. Insiders own 0.39% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Morgan Stanley cut their target price on shares of Entergy from $86.00 to $85.00 and set an "equal weight" rating on the stock in a research note on Thursday, September 25th. JPMorgan Chase & Co. boosted their target price 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. Jefferies Financial Group began coverage on shares of Entergy in a research note on Thursday, September 4th. They set a "buy" rating and a $109.00 target price on the stock. Mizuho set a $97.00 price target on shares of Entergy and gave the company an "outperform" rating in a report on Thursday, July 31st. Finally, Scotiabank set a $105.00 price target on shares of Entergy and gave the company an "outperform" rating in a report on Friday, October 3rd. Thirteen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $93.00.

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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