Second Half Financial Partners LLC Acquires Shares of 2,734 Entergy Corporation $ETR

Key Points

• Second Half Financial Partners LLC has acquired a stake in Entergy Corporation, purchasing 2,734 shares valued at approximately $227,000 in the second quarter.
• Analysts have issued varying price targets for Entergy stock, with a consensus target price of $93.00, and the company holds a "Moderate Buy" rating based on 13 Buy ratings and 4 Hold ratings.
• In recent developments, Entergy announced a quarterly dividend of $0.60, representing an annualized yield of 2.5% and a payout ratio of 59.85%.

Second Half Financial Partners LLC acquired a new stake in shares of Entergy Corporation (NYSE:ETR - Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 2,734 shares of the utilities provider's stock, valued at approximately $227,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. My Legacy Advisors LLC grew its holdings 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 buying an additional 128 shares in the last quarter. Acropolis Investment Management LLC grew its holdings 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 buying an additional 129 shares in the last quarter. Mattson Financial Services LLC grew its holdings 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 buying an additional 150 shares in the last quarter. Cary Street Partners Investment Advisory LLC grew its holdings 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 buying an additional 165 shares in the last quarter. Finally, Horizon Investments LLC grew its holdings 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 buying an additional 176 shares in the last quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on ETR shares. 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. Morgan Stanley lowered their target price on Entergy from $86.00 to $85.00 and set an "equal weight" rating for the company in a research report on Thursday, September 25th. JPMorgan Chase & Co. increased their target price on Entergy from $102.00 to $103.00 and gave the company an "overweight" rating in a research report on Thursday, August 21st. KeyCorp reiterated an "overweight" rating and set a $96.00 target price (up from $88.00) on shares of Entergy in a research report on Thursday, July 31st. Finally, Mizuho set a $97.00 target price on Entergy and gave the company an "outperform" rating in a research report on Thursday, July 31st. Thirteen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $93.00.

Insider Transactions at Entergy

In related news, insider Haley Fisackerly sold 4,463 shares of the firm's stock in a transaction on Thursday, July 31st. The stock was 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.39% of the stock is currently owned by corporate insiders.

Entergy Stock Down 0.4%

Shares of 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. The business has a fifty day moving average of $90.45 and a 200 day moving average of $85.71. Entergy Corporation has a 52-week low of $64.72 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.

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 company had revenue of $2.37 billion during the quarter. Entergy had a return on equity of 11.52% and a net margin of 14.35%. On average, sell-side analysts expect that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors 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 yield of 2.5%. Entergy's dividend payout ratio (DPR) 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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