9,179 Shares in Entergy Corporation $ETR Acquired by Kiker Wealth Management LLC

Kiker Wealth Management LLC purchased a new position in shares of Entergy Corporation (NYSE:ETR) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 9,179 shares of the utilities provider’s stock, valued at approximately $763,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. My Legacy Advisors LLC lifted its stake in Entergy by 0.8% in 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 last quarter. Acropolis Investment Management LLC lifted its stake in Entergy by 0.7% in 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 last quarter. Mattson Financial Services LLC lifted its stake in 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 purchasing an additional 150 shares during the last quarter. Cary Street Partners Investment Advisory LLC lifted its stake in Entergy by 18.6% in 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 last quarter. Finally, Horizon Investments LLC lifted its stake in Entergy by 1.8% in 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 last quarter. Institutional investors own 88.07% of the company’s stock.

Entergy Price Performance

Shares of NYSE ETR opened at $95.70 on Tuesday. Entergy Corporation has a twelve month low of $65.30 and a twelve month high of $98.58. The firm has a fifty day simple moving average of $90.53 and a 200 day simple moving average of $85.80. The company has a market capitalization of $42.72 billion, a PE ratio of 23.83, a P/E/G ratio of 2.59 and a beta of 0.62. 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) last announced its earnings results on Friday, July 8th. The utilities provider reported $0.71 earnings per share 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. On average, sell-side analysts forecast that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Wednesday, August 13th were paid a dividend of $0.60 per share. 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 dividend payout ratio (DPR) is currently 59.85%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented 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 research note on Monday, October 6th. Morgan Stanley dropped their price objective on shares of Entergy from $86.00 to $85.00 and set an “equal weight” rating for the company in a research note on Thursday, September 25th. JPMorgan Chase & Co. raised their price target 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 price target for the company. Finally, Barclays set a $100.00 price target on shares of Entergy and gave the company an “overweight” rating in a research note on Monday, October 6th. Twelve investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $94.64.

Insiders Place Their Bets

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 transaction of $403,901.50. Following the completion of the transaction, the insider owned 3,318 shares of the company’s stock, 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 at the SEC website. 0.47% of the stock is owned by corporate insiders.

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.