Profund Advisors LLC Raises Stock Position in Entergy Corporation $ETR

Profund Advisors LLC increased its holdings in shares of Entergy Corporation (NYSE:ETR) by 32.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 22,438 shares of the utilities provider’s stock after purchasing an additional 5,549 shares during the period. Profund Advisors LLC’s holdings in Entergy were worth $1,865,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its stake in shares of Entergy by 275.6% during the fourth quarter. Brighton Jones LLC now owns 9,176 shares of the utilities provider’s stock worth $696,000 after purchasing an additional 6,733 shares in the last quarter. Allworth Financial LP raised its holdings in shares of Entergy by 5.9% during the 1st quarter. Allworth Financial LP now owns 8,424 shares of the utilities provider’s stock valued at $716,000 after buying an additional 470 shares during the period. Ballentine Partners LLC acquired a new position in Entergy during the 1st quarter worth approximately $249,000. Kathmere Capital Management LLC acquired a new position in Entergy during the 1st quarter worth approximately $227,000. Finally, Stephens Inc. AR boosted its holdings in Entergy by 5.8% in the 1st quarter. Stephens Inc. AR now owns 16,462 shares of the utilities provider’s stock worth $1,407,000 after acquiring an additional 903 shares during the period. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ETR. Bank of America lifted their price objective on shares of Entergy from $88.00 to $97.00 and gave the company a “neutral” rating in a research note on Thursday, October 16th. Wells Fargo & Company raised shares of Entergy to a “strong-buy” rating in a research note on Tuesday, October 28th. KeyCorp reiterated an “overweight” rating and issued a $106.00 price objective (up previously from $96.00) on shares of Entergy in a report on Wednesday, October 15th. Barclays set a $100.00 target price on Entergy and gave the company an “overweight” rating in a research note on Monday, October 6th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $104.00 price target (up previously 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 given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Entergy presently has a consensus rating of “Moderate Buy” and a consensus price target of $102.37.

Insider Activity at Entergy

In related news, insider Anastasia Minor sold 5,000 shares of the firm’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $96.39, for a total transaction of $481,950.00. Following the transaction, the insider directly owned 10,122 shares in the company, valued at $975,659.58. This trade represents a 33.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Haley Fisackerly sold 5,136 shares of the business’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $96.50, for a total transaction of $495,624.00. Following the sale, the insider owned 7,899 shares of the company’s stock, valued at approximately $762,253.50. The trade was a 39.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 10,324 shares of company stock worth $994,902. Corporate insiders own 0.39% of the company’s stock.

Entergy Price Performance

ETR opened at $97.16 on Tuesday. The company has a market capitalization of $43.39 billion, a P/E ratio of 23.99, a PEG ratio of 2.40 and a beta of 0.63. The company has a 50-day moving average of $93.24 and a 200-day moving average of $87.79. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.52 and a current ratio of 0.71. Entergy Corporation has a 1-year low of $73.15 and a 1-year high of $98.58.

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

Entergy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Thursday, November 13th will be issued a $0.64 dividend. This is a positive change from Entergy’s previous quarterly dividend of $0.60. The ex-dividend date is Thursday, November 13th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.6%. Entergy’s dividend payout ratio (DPR) is presently 63.21%.

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.