Mutual Advisors LLC Takes $312,000 Position in Entergy Corporation $ETR

Key Points

• Mutual Advisors LLC has acquired a new stake of 3,544 shares in Entergy Corporation (NYSE: ETR), valued at approximately $312,000.
• Entergy's insider Haley Fisackerly sold 4,463 shares worth $403,901.50, reducing their ownership by 57.36%.
• Equities analysts maintain a consensus rating of "Moderate Buy" for Entergy with an average target price of $97.57.

Mutual Advisors LLC acquired a new stake in shares of Entergy Corporation (NYSE:ETR - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,544 shares of the utilities provider's stock, valued at approximately $312,000.

A number of other large investors have also recently made changes to their positions in the stock. Sagespring Wealth Partners LLC grew its holdings in shares of Entergy by 6.0% during the second quarter. Sagespring Wealth Partners LLC now owns 6,302 shares of the utilities provider's stock valued at $524,000 after buying an additional 354 shares during the last quarter. Equitable Trust Co. grew its holdings in shares of Entergy by 1.0% during the second quarter. Equitable Trust Co. now owns 79,447 shares of the utilities provider's stock valued at $6,604,000 after buying an additional 786 shares during the last quarter. TD Asset Management Inc grew its holdings in shares of Entergy by 12.6% during the second quarter. TD Asset Management Inc now owns 3,442,042 shares of the utilities provider's stock valued at $286,103,000 after buying an additional 386,344 shares during the last quarter. Kiker Wealth Management LLC purchased a new stake in shares of Entergy during the second quarter valued at $763,000. Finally, Moran Wealth Management LLC purchased a new stake in shares of Entergy during the second quarter valued at $296,000. 88.07% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Entergy

In other Entergy news, insider Haley Fisackerly sold 4,463 shares of the company's stock in a transaction dated 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 transaction, the insider owned 3,318 shares in the company, valued at approximately $300,279. This represents a 57.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.47% of the company's stock.

Entergy Trading Up 0.9%

Shares of Entergy stock opened at $96.72 on Tuesday. The firm has a 50-day simple moving average of $91.16 and a two-hundred day simple moving average of $86.23. The company has a market cap of $43.18 billion, a P/E ratio of 24.09, a price-to-earnings-growth ratio of 2.41 and a beta of 0.62. Entergy Corporation has a fifty-two week low of $66.75 and a fifty-two week high of $98.58. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.52 and a current ratio of 0.80.

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

Entergy Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on ETR shares. JPMorgan Chase & Co. boosted their price objective on shares of Entergy from $102.00 to $103.00 and gave the company an "overweight" rating in a report on Thursday, August 21st. Barclays set a $100.00 price target on shares of Entergy and gave the company an "overweight" rating in a report on Monday, October 6th. Morgan Stanley lowered their price target on shares of Entergy from $86.00 to $85.00 and set an "equal weight" rating on the stock in a report on Thursday, September 25th. KeyCorp reaffirmed an "overweight" rating and issued a $106.00 price target (up from $96.00) on shares of Entergy in a report on Wednesday, October 15th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Entergy in a report on Wednesday, October 8th. Twelve research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Entergy currently has an average rating of "Moderate Buy" and a consensus target price of $97.57.

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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