SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co Buys Shares of 3,600 Entergy Corporation $ETR

SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co purchased a new position in Entergy Corporation (NYSE:ETR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 3,600 shares of the utilities provider’s stock, valued at approximately $326,000.

Other large investors also recently modified their holdings of the company. Mattson Financial Services LLC raised its stake in Entergy by 100.0% during the first quarter. Mattson Financial Services LLC now owns 300 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 150 shares during the period. 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 during the period. GoalVest Advisory LLC grew its holdings in shares of Entergy by 5,733.3% during the second 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. Atlantic Union Bankshares Corp acquired a new stake in shares of Entergy during the 2nd quarter worth approximately $30,000. Finally, Legacy Investment Solutions LLC bought a new stake in shares of Entergy in the 2nd quarter worth approximately $31,000. 88.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ETR. JPMorgan Chase & Co. upped their price objective on Entergy from $102.00 to $103.00 and gave the stock an “overweight” rating in a research note on Thursday, August 21st. Barclays set a $100.00 price objective on shares of Entergy and gave the stock an “overweight” rating in a report on Monday, October 6th. Evercore ISI boosted their target price on shares of Entergy from $98.00 to $101.00 and gave the company an “in-line” rating in a research note on Thursday, October 30th. Bank of America upped their target price on shares of Entergy from $88.00 to $97.00 and gave the stock a “neutral” rating in a research report on Thursday, October 16th. Finally, Royal Bank Of Canada raised Entergy to a “moderate buy” rating in a report on Tuesday, October 28th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $102.59.

Insider Activity

In other news, Director Ralph Lewis Ropp bought 1,000 shares of the stock in a transaction that occurred on Wednesday, November 12th. The shares were purchased at an average cost of $96.69 per share, with a total value of $96,690.00. Following the completion of the acquisition, the director directly owned 1,050 shares in the company, valued at approximately $101,524.50. The trade was a 2,000.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Haley Fisackerly sold 5,136 shares of the business’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $96.50, for a total transaction of $495,624.00. Following the completion of the sale, the insider owned 7,899 shares in the company, valued at approximately $762,253.50. This trade represents a 39.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 10,179 shares of company stock worth $981,707. 0.39% of the stock is owned by company insiders.

Entergy Stock Down 0.4%

Entergy stock opened at $94.03 on Thursday. Entergy Corporation has a 52 week low of $73.15 and a 52 week high of $98.58. The stock has a market cap of $42.00 billion, a price-to-earnings ratio of 23.22, a PEG ratio of 2.40 and a beta of 0.63. The company’s 50-day moving average price is $94.33 and its two-hundred day moving average price is $88.32. The company has a current ratio of 0.71, a quick ratio of 0.52 and a debt-to-equity ratio of 1.62.

Entergy (NYSE:ETR) last issued its quarterly earnings results on Friday, July 8th. The utilities provider reported $0.71 earnings per share for the quarter. Entergy had a net margin of 14.26% and a return on equity of 11.53%. The company had revenue of $2.37 billion during the quarter. On average, 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 given a dividend of $0.64 per share. This is a boost from Entergy’s previous quarterly dividend of $0.60. The ex-dividend date is Thursday, November 13th. This represents a $2.56 annualized dividend and a dividend yield of 2.7%. Entergy’s payout ratio is 63.21%.

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.