Guggenheim Capital LLC Sells 38,235 Shares of Entergy Corporation $ETR

Guggenheim Capital LLC decreased its stake in shares of Entergy Corporation (NYSE:ETR) by 14.1% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 233,262 shares of the utilities provider’s stock after selling 38,235 shares during the period. Guggenheim Capital LLC owned 0.05% of Entergy worth $19,389,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Mesirow Financial Investment Management Inc. increased its position in shares of Entergy by 3.1% during the second quarter. Mesirow Financial Investment Management Inc. now owns 3,864 shares of the utilities provider’s stock valued at $321,000 after buying an additional 116 shares during the period. DekaBank Deutsche Girozentrale grew its stake in Entergy by 0.3% during the second quarter. DekaBank Deutsche Girozentrale now owns 41,397 shares of the utilities provider’s stock valued at $3,377,000 after acquiring an additional 118 shares in the last quarter. CW Advisors LLC increased its holdings in Entergy by 3.4% during the 2nd quarter. CW Advisors LLC now owns 3,706 shares of the utilities provider’s stock worth $308,000 after acquiring an additional 121 shares during the period. Virtus Investment Advisers LLC lifted its stake in Entergy by 6.2% in the 2nd quarter. Virtus Investment Advisers LLC now owns 2,119 shares of the utilities provider’s stock worth $176,000 after purchasing an additional 124 shares in the last quarter. Finally, My Legacy Advisors LLC boosted its holdings 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 period. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Insider Activity

In other Entergy news, insider Anastasia Minor sold 5,000 shares of the business’s stock in a transaction on 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 sale, the insider directly owned 10,122 shares of the company’s stock, valued at $975,659.58. The trade was a 33.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Ralph Lewis Ropp acquired 1,000 shares of Entergy stock in a transaction dated Wednesday, November 12th. The shares were bought at an average cost of $96.69 per share, for a total transaction of $96,690.00. Following the completion of the purchase, the director directly owned 1,050 shares of the company’s stock, valued at approximately $101,524.50. The trade was a 2,000.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders sold 10,179 shares of company stock valued at $981,707. Corporate insiders own 0.39% of the company’s stock.

Entergy Trading Up 0.2%

Shares of ETR stock opened at $94.44 on Friday. The business has a 50-day moving average price of $95.52 and a two-hundred day moving average price of $89.22. Entergy Corporation has a 12-month low of $73.15 and a 12-month high of $98.58. The company has a quick ratio of 0.48, a current ratio of 0.71 and a debt-to-equity ratio of 1.62. The firm has a market cap of $42.18 billion, a P/E ratio of 23.32, a price-to-earnings-growth ratio of 2.37 and a beta of 0.62.

Entergy (NYSE:ETR) last announced its quarterly earnings data on Friday, July 8th. The utilities provider reported $0.71 EPS for the quarter. The firm had revenue of $2.37 billion for the quarter. Entergy had a return on equity of 11.53% and a net margin of 14.26%. Equities analysts anticipate that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Thursday, November 13th were issued a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Thursday, November 13th. This is a positive change from Entergy’s previous quarterly dividend of $0.60. Entergy’s dividend payout ratio (DPR) is presently 63.21%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Wells Fargo & Company raised shares of Entergy to a “strong-buy” rating in a report on Tuesday, October 28th. KeyCorp restated an “overweight” rating and issued a $106.00 target price (up from $96.00) on shares of Entergy in a research note on Wednesday, October 15th. Bank of America raised their price target on Entergy from $88.00 to $97.00 and gave the company a “neutral” rating in a report on Thursday, October 16th. Royal Bank Of Canada raised Entergy to a “moderate buy” rating in a report on Tuesday, October 28th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $104.00 target price (up from $96.00) on shares of Entergy in a research note on Tuesday, October 14th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Entergy currently has an average rating of “Moderate Buy” and an average price target of $102.47.

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.