Blair William & Co. IL Boosts Stake in Entergy Corporation $ETR

Blair William & Co. IL grew its position in shares of Entergy Corporation (NYSE:ETR) by 6.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,041 shares of the utilities provider’s stock after purchasing an additional 1,355 shares during the period. Blair William & Co. IL’s holdings in Entergy were worth $1,915,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in ETR. TD Asset Management Inc lifted its stake in shares of Entergy by 964.8% in the 1st quarter. TD Asset Management Inc now owns 3,055,698 shares of the utilities provider’s stock valued at $261,232,000 after acquiring an additional 2,768,734 shares during the last quarter. Vanguard Group Inc. increased its holdings in Entergy by 5.2% during the 1st quarter. Vanguard Group Inc. now owns 54,828,994 shares of the utilities provider’s stock valued at $4,687,331,000 after purchasing an additional 2,695,348 shares during the period. Alkeon Capital Management LLC purchased a new position in Entergy during the 1st quarter valued at about $194,429,000. Nuveen LLC purchased a new position in Entergy during the 1st quarter valued at about $123,648,000. Finally, Zimmer Partners LP increased its holdings in Entergy by 285.5% during the 1st quarter. Zimmer Partners LP now owns 1,133,474 shares of the utilities provider’s stock valued at $96,901,000 after purchasing an additional 839,474 shares during the period. Institutional investors own 88.07% of the company’s stock.

Insider Activity at Entergy

In related news, insider Haley Fisackerly sold 4,463 shares of the business’s stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $90.50, for a total transaction of $403,901.50. Following the completion of the transaction, the insider owned 3,318 shares in the company, valued at $300,279. The trade was a 57.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.47% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. BMO Capital Markets restated an “outperform” rating and set a $104.00 price target (up previously from $96.00) on shares of Entergy in a report on Tuesday. KeyCorp reiterated an “overweight” rating and set a $96.00 target price (up previously from $88.00) on shares of Entergy in a report on Thursday, July 31st. Barclays set a $100.00 target price on Entergy and gave the stock an “overweight” rating in a report on Monday, October 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of Entergy in a report on Wednesday, October 8th. Finally, Mizuho set a $97.00 target price on Entergy and gave the stock an “outperform” rating in a report on Thursday, July 31st. Twelve equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $95.43.

Entergy Price Performance

NYSE ETR opened at $96.67 on Wednesday. Entergy Corporation has a 1-year low of $66.34 and a 1-year high of $98.58. The business’s fifty day moving average price is $90.66 and its 200-day moving average price is $85.87. The stock has a market capitalization of $43.16 billion, a price-to-earnings ratio of 24.08, a PEG ratio of 2.60 and a beta of 0.62. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.80 and a quick ratio of 0.52.

Entergy (NYSE:ETR) last issued its quarterly earnings results on Friday, July 8th. The utilities provider reported $0.71 earnings per share (EPS) for the quarter. The business had revenue of $2.37 billion during the quarter. Entergy had a return on equity of 11.52% and a net margin of 14.35%. On average, equities analysts predict that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Dividend Announcement

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

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.