Lee Johnson Capital Management LLC Buys Shares of 30,637 Entergy Corporation $ETR

Lee Johnson Capital Management LLC bought a new stake in shares of Entergy Corporation (NYSE:ETR) during the 3rd quarter, Holdings Channel.com reports. The fund bought 30,637 shares of the utilities provider’s stock, valued at approximately $2,855,000. Entergy comprises approximately 0.9% of Lee Johnson Capital Management LLC’s investment portfolio, making the stock its 27th largest holding.

A number of other hedge funds have also recently made changes to their positions in ETR. Mattson Financial Services LLC raised its holdings in Entergy by 100.0% in the first quarter. Mattson Financial Services LLC now owns 300 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 150 shares in the last quarter. Atwood & Palmer Inc. boosted its stake 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 acquiring an additional 190 shares in the last quarter. Capital A Wealth Management LLC increased its position in shares of Entergy by 5,466.7% during the second quarter. Capital A Wealth Management LLC now owns 334 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 328 shares in the last quarter. GoalVest Advisory LLC lifted its holdings in shares of Entergy by 5,733.3% during the 2nd quarter. GoalVest Advisory LLC now owns 350 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 344 shares during the last quarter. Finally, Atlantic Union Bankshares Corp acquired a new stake in shares of Entergy in the 2nd quarter worth $30,000. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Morgan Stanley set a $91.00 target price on Entergy in a research report on Thursday, November 20th. Bank of America upped their price objective on shares of Entergy from $88.00 to $97.00 and gave the company a “neutral” rating in a report on Thursday, October 16th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $104.00 price objective (up from $96.00) on shares of Entergy in a research report on Tuesday, October 14th. JPMorgan Chase & Co. dropped their target price on shares of Entergy from $113.00 to $108.00 and set an “overweight” rating on the stock in a research report on Thursday, December 11th. Finally, Wall Street Zen downgraded shares of Entergy from a “hold” rating to a “sell” rating in a research note on Monday, December 22nd. Two equities 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $103.09.

Entergy Trading Up 0.3%

Shares of Entergy stock opened at $93.40 on Wednesday. The stock has a market cap of $41.71 billion, a PE ratio of 23.06, a price-to-earnings-growth ratio of 2.34 and a beta of 0.62. The firm has a fifty day moving average price of $94.60 and a 200 day moving average price of $90.62. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.71 and a quick ratio of 0.48. Entergy Corporation has a 1 year low of $74.77 and a 1 year high of $98.58.

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

Entergy Increases Dividend

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

Insider Buying and Selling

In other Entergy news, insider Haley Fisackerly sold 5,136 shares of the stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $96.50, for a total transaction of $495,624.00. Following the transaction, the insider owned 7,899 shares in the company, valued at approximately $762,253.50. This represents a 39.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Anastasia Minor sold 5,000 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at approximately $975,659.58. The trade was a 33.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 10,179 shares of company stock valued at $981,707. 0.47% of the stock is owned by company insiders.

Entergy Profile

Entergy Corporation (NYSE:ETR) is an integrated energy company headquartered in New Orleans, Louisiana, that generates, transmits and distributes electricity. The company’s operations combine regulated utility services with competitive power production, supplying retail electricity to residential, commercial and industrial customers while also participating in wholesale energy markets. Entergy’s generation fleet includes nuclear, natural gas, hydropower and other resources, and it operates a network of transmission and distribution assets to deliver power to end users.

Entergy conducts its regulated utility business through state-based operating subsidiaries that serve customers across parts of Arkansas, Louisiana, Mississippi and southeast Texas.