Aberdeen Group plc Acquires 11,663 Shares of Entergy Corporation $ETR

Aberdeen Group plc increased its holdings in Entergy Corporation (NYSE:ETR) by 3.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 350,299 shares of the utilities provider’s stock after purchasing an additional 11,663 shares during the quarter. Aberdeen Group plc’s holdings in Entergy were worth $29,117,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. My Legacy Advisors LLC lifted its holdings in Entergy by 0.8% in the second quarter. My Legacy Advisors LLC now owns 16,576 shares of the utilities provider’s stock worth $1,361,000 after buying an additional 128 shares during the period. Acropolis Investment Management LLC lifted its holdings in Entergy by 0.7% in the first quarter. Acropolis Investment Management LLC now owns 17,954 shares of the utilities provider’s stock worth $1,535,000 after buying an additional 129 shares during the period. Mattson Financial Services LLC lifted 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 buying an additional 150 shares during the period. Cary Street Partners Investment Advisory LLC lifted its holdings in Entergy by 18.6% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 1,050 shares of the utilities provider’s stock worth $90,000 after buying an additional 165 shares during the period. Finally, Horizon Investments LLC lifted its holdings in Entergy by 1.8% in the first quarter. Horizon Investments LLC now owns 10,060 shares of the utilities provider’s stock worth $854,000 after buying an additional 176 shares during the period. 88.07% of the stock is owned by institutional investors.

Entergy Stock Down 0.4%

Shares of ETR stock opened at $95.19 on Monday. The stock has a market cap of $42.49 billion, a P/E ratio of 23.71, a PEG ratio of 2.59 and a beta of 0.62. Entergy Corporation has a 52 week low of $64.72 and a 52 week high of $98.58. The company has a quick ratio of 0.52, a current ratio of 0.80 and a debt-to-equity ratio of 1.73. The company’s fifty day simple moving average is $90.45 and its two-hundred day simple moving average is $85.72.

Entergy (NYSE:ETR) last announced 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 for the quarter. Entergy had a net margin of 14.35% and a return on equity of 11.52%. Analysts predict that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Wednesday, August 13th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Wednesday, August 13th. Entergy’s dividend payout ratio is currently 59.85%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. lifted their target price on shares of Entergy from $102.00 to $103.00 and gave the company an “overweight” rating in a report on Thursday, August 21st. Weiss Ratings restated a “buy (b)” rating on shares of Entergy in a report on Wednesday, October 8th. Scotiabank set a $105.00 price objective on shares of Entergy and gave the stock an “outperform” rating in a report on Friday, October 3rd. Mizuho set a $97.00 target price on shares of Entergy and gave the company an “outperform” rating in a research note on Thursday, July 31st. Finally, Jefferies Financial Group initiated coverage on shares of Entergy in a research report on Thursday, September 4th. They set a “buy” rating and a $109.00 price objective for the company. Thirteen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $93.00.

Insider Activity

In other news, insider Haley Fisackerly sold 4,463 shares of the company’s stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $90.50, for a total transaction of $403,901.50. Following the sale, the insider directly owned 3,318 shares in the company, valued at approximately $300,279. This represents a 57.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.39% of the company’s stock.

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.