Affinity Investment Advisors LLC reduced its holdings in Entergy Corporation (NYSE:ETR) by 13.9% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,900 shares of the utilities provider’s stock after selling 3,850 shares during the period. Affinity Investment Advisors LLC’s holdings in Entergy Corporation were worth $1,825,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also modified their holdings of the company. Benjamin F. Edwards & Company Inc. grew its stake in shares of Entergy Corporation by 46.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,300 shares of the utilities provider’s stock worth $100,000 after buying an additional 410 shares in the last quarter. V Wealth Management LLC purchased a new position in shares of Entergy Corporation in the 2nd quarter worth $106,000. Advisory Services Network LLC grew its stake in shares of Entergy Corporation by 2.1% in the 2nd quarter. Advisory Services Network LLC now owns 2,335 shares of the utilities provider’s stock worth $179,000 after buying an additional 49 shares in the last quarter. Parallel Advisors LLC boosted its stake in shares of Entergy Corporation by 3.0% during the 2nd quarter. Parallel Advisors LLC now owns 2,448 shares of the utilities provider’s stock worth $188,000 after purchasing an additional 71 shares during the period. Finally, BlueMountain Capital Management LLC purchased a new position in shares of Entergy Corporation during the 2nd quarter worth about $204,000. 83.86% of the stock is owned by institutional investors and hedge funds.
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A number of research firms recently commented on ETR. TheStreet raised shares of Entergy Corporation from a “c” rating to a “b-” rating in a research note on Friday, October 27th. Mizuho reaffirmed a “hold” rating and set a $83.00 price target on shares of Entergy Corporation in a research note on Friday, October 27th. Wells Fargo & Company reaffirmed an “outperform” rating and set a $96.00 price target (up from $90.00) on shares of Entergy Corporation in a research note on Wednesday, October 25th. Bank of America Corporation began coverage on shares of Entergy Corporation in a research note on Tuesday, October 24th. They set a “neutral” rating and a $86.00 price target for the company. Finally, Jefferies Group LLC raised shares of Entergy Corporation from a “hold” rating to a “buy” rating in a research note on Monday, October 16th. Nine investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $82.42.
In related news, COO Paul D. Hinnenkamp sold 2,300 shares of the business’s stock in a transaction that occurred on Tuesday, October 17th. The shares were sold at an average price of $84.00, for a total transaction of $193,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Charles L. Rice, Jr. sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $78.95, for a total transaction of $78,950.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 40,578 shares of company stock valued at $3,408,022. 0.24% of the stock is currently owned by company insiders.
Entergy Corporation (NYSE ETR) traded down $1.29 during trading on Friday, reaching $85.13. 1,196,600 shares of the company’s stock traded hands, compared to its average volume of 1,446,060. The stock has a market cap of $15,344.77, a PE ratio of 12.59, a price-to-earnings-growth ratio of 1.75 and a beta of 0.57. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.58 and a current ratio of 0.78. Entergy Corporation has a 12 month low of $66.73 and a 12 month high of $87.85.
Entergy Corporation (NYSE:ETR) last posted its quarterly earnings results on Tuesday, October 24th. The utilities provider reported $2.35 EPS for the quarter, beating the consensus estimate of $2.24 by $0.11. Entergy Corporation had a negative net margin of 7.82% and a positive return on equity of 14.76%. The business had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same quarter in the previous year, the business posted $2.31 EPS. research analysts predict that Entergy Corporation will post 6.93 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Thursday, November 9th will be paid a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 4.18%. The ex-dividend date of this dividend is Wednesday, November 8th. This is a positive change from Entergy Corporation’s previous quarterly dividend of $0.87. Entergy Corporation’s payout ratio is -72.06%.
Entergy Corporation Profile
Entergy Corporation is a holding company. The Company is an integrated energy company engaged in electric power production and retail electric distribution operations. The Company operates through two business segments: Utility and Entergy Wholesale Commodities. The Utility segment includes the generation, transmission, distribution and sale of electric power to retail and wholesale customers in areas of Arkansas, Mississippi, Texas and Louisiana, including the City of New Orleans and operates a natural gas distribution business.
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