Entergy Corporation $ETR Shares Sold by Schroder Investment Management Group

Schroder Investment Management Group cut its holdings in shares of Entergy Corporation (NYSE:ETR) by 17.5% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 278,261 shares of the utilities provider’s stock after selling 59,019 shares during the quarter. Schroder Investment Management Group’s holdings in Entergy were worth $23,129,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Mattson Financial Services LLC increased its stake in shares of 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 acquiring an additional 150 shares during the last quarter. Atwood & Palmer Inc. grew its holdings in Entergy by 135.7% in the second quarter. Atwood & Palmer Inc. now owns 330 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 190 shares during the period. GoalVest Advisory LLC increased its position in Entergy by 5,733.3% during the second quarter. GoalVest Advisory LLC now owns 350 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 344 shares during the last quarter. Atlantic Union Bankshares Corp purchased a new position in Entergy during the second quarter worth approximately $30,000. Finally, Legacy Investment Solutions LLC acquired a new position in shares of Entergy in the 2nd quarter valued at $31,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Entergy Stock Performance

Entergy stock opened at $93.07 on Wednesday. The firm has a market capitalization of $41.56 billion, a PE ratio of 22.98, a price-to-earnings-growth ratio of 2.38 and a beta of 0.62. Entergy Corporation has a one year low of $73.15 and a one year high of $98.58. The stock’s 50 day moving average price is $95.39 and its 200 day moving average price is $89.15. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.48 and a current ratio of 0.71.

Entergy (NYSE:ETR) last issued 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 14.26% and a return on equity of 11.53%. The company had revenue of $2.37 billion during the quarter. As a group, sell-side analysts expect that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Thursday, November 13th were issued a $0.64 dividend. The ex-dividend date was Thursday, November 13th. This represents a $2.56 dividend on an annualized basis and a yield of 2.8%. This is an increase from Entergy’s previous quarterly dividend of $0.60. Entergy’s dividend payout ratio (DPR) is presently 63.21%.

Insider Buying and Selling at Entergy

In other Entergy news, Director Ralph Lewis Ropp purchased 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The shares were acquired at an average price of $96.69 per share, for a total transaction of $96,690.00. Following the completion of the purchase, the director owned 1,050 shares in the company, valued at $101,524.50. The trade was a 2,000.00% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Anastasia Minor sold 5,000 shares of the stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $96.39, for a total value of $481,950.00. Following the completion of the transaction, the insider directly owned 10,122 shares of the company’s stock, valued at $975,659.58. This represents a 33.06% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 10,179 shares of company stock valued at $981,707 in the last ninety days. Insiders own 0.47% of the company’s stock.

Analysts Set New Price Targets

ETR has been the topic of several research reports. Mizuho increased their target price on Entergy from $97.00 to $104.00 and gave the stock an “outperform” rating in a research report on Monday, October 27th. Citigroup upped their price target on Entergy from $91.00 to $106.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 18th. Scotiabank set a $105.00 price objective on Entergy and gave the company an “outperform” rating in a research note on Friday, October 3rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Entergy in a report on Wednesday, October 8th. Finally, 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. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $102.47.

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.