IFP Advisors Inc Has $2.93 Million Stock Position in Entergy Corporation $ETR

IFP Advisors Inc grew its position in Entergy Corporation (NYSE:ETR - Free Report) by 22.0% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 35,086 shares of the utilities provider's stock after buying an additional 6,327 shares during the period. IFP Advisors Inc's holdings in Entergy were worth $2,928,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mattson Financial Services LLC increased its stake in shares of Entergy by 100.0% in the 1st quarter. Mattson Financial Services LLC now owns 300 shares of the utilities provider's stock valued at $26,000 after buying an additional 150 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Entergy in the 1st quarter valued at $28,000. Atwood & Palmer Inc. increased its stake in shares of Entergy by 135.7% in the 2nd quarter. Atwood & Palmer Inc. now owns 330 shares of the utilities provider's stock valued at $27,000 after buying an additional 190 shares during the period. Grove Bank & Trust increased its stake in shares of Entergy by 188.5% in the 1st quarter. Grove Bank & Trust now owns 352 shares of the utilities provider's stock valued at $30,000 after buying an additional 230 shares during the period. Finally, Wayfinding Financial LLC acquired a new stake in shares of Entergy in the 1st quarter valued at $32,000. 88.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Raymond James Financial started coverage on Entergy in a research note on Friday, June 13th. They issued a "market perform" rating for the company. Scotiabank set a $105.00 price objective on Entergy and gave the stock an "outperform" rating in a research note on Friday, October 3rd. Mizuho set a $97.00 price objective on Entergy and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Barclays set a $100.00 price objective on Entergy and gave the stock an "overweight" rating in a research note on Monday. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Entergy in a research note on Wednesday. Thirteen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $93.00.

Insider Transactions at Entergy

In other news, insider Haley Fisackerly sold 4,463 shares of the business's stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $90.50, for a total value of $403,901.50. Following the sale, the insider directly owned 3,318 shares in the company, valued at $300,279. The trade was a 57.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.39% of the company's stock.

Entergy Stock Down 0.4%

NYSE:ETR opened at $95.19 on Friday. Entergy Corporation has a 1 year low of $64.72 and a 1 year 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 stock has a market cap of $42.49 billion, a price-to-earnings ratio of 23.71, a PEG ratio of 2.60 and a beta of 0.62. The stock has a 50-day moving average price of $90.45 and a two-hundred day moving average price of $85.70.

Entergy (NYSE:ETR - Get Free Report) last posted its earnings results 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 during the quarter. As a group, equities analysts expect that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Announces Dividend

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

Entergy 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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