Entergy Corporation $ETR Stock Position Raised by Apollon Wealth Management LLC

Apollon Wealth Management LLC lifted its holdings in shares of Entergy Corporation (NYSE:ETR) by 17.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,427 shares of the utilities provider’s stock after buying an additional 1,277 shares during the period. Apollon Wealth Management LLC’s holdings in Entergy were worth $700,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of ETR. Brighton Jones LLC grew its position in Entergy by 275.6% in the 4th 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 during the last quarter. GAMMA Investing LLC grew its position in Entergy by 9.8% in the 1st quarter. GAMMA Investing LLC now owns 15,530 shares of the utilities provider’s stock worth $1,328,000 after purchasing an additional 1,390 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Entergy by 7.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 103,337 shares of the utilities provider’s stock worth $8,835,000 after purchasing an additional 6,811 shares during the last quarter. Exchange Traded Concepts LLC grew its position in Entergy by 4.4% in the 1st quarter. Exchange Traded Concepts LLC now owns 17,221 shares of the utilities provider’s stock worth $1,472,000 after purchasing an additional 722 shares during the last quarter. Finally, Sowell Financial Services LLC bought a new position in Entergy in the 1st quarter worth about $282,000. Institutional investors own 88.07% of the company’s stock.

Insider Buying and Selling

In related news, insider Haley Fisackerly sold 4,463 shares of the 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 sale, the insider directly owned 3,318 shares of the company’s stock, valued at $300,279. This represents a 57.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.39% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have commented on ETR shares. Mizuho set a $97.00 target price on shares of Entergy and gave the stock an “outperform” rating in a research report on Thursday, July 31st. JPMorgan Chase & Co. upped their target price on shares of Entergy from $102.00 to $103.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st. Barclays set a $100.00 target price on shares of Entergy and gave the stock an “overweight” rating in a research report on Monday, October 6th. Evercore ISI set a $98.00 price target on shares of Entergy and gave the stock an “in-line” rating in a research note on Monday, October 6th. Finally, Jefferies Financial Group initiated coverage on shares of Entergy in a research note on Thursday, September 4th. They issued a “buy” rating and a $109.00 price target for the company. Twelve equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Entergy presently has an average rating of “Moderate Buy” and a consensus price target of $96.14.

Entergy Trading Up 1.0%

Shares of NYSE:ETR opened at $97.67 on Thursday. The company has a 50 day moving average of $90.80 and a 200-day moving average of $85.96. The firm has a market cap of $43.60 billion, a P/E ratio of 24.33, a P/E/G ratio of 2.63 and a beta of 0.62. Entergy Corporation has a twelve month low of $66.71 and a twelve month high of $98.58. The company has a current ratio of 0.80, a quick ratio of 0.52 and a debt-to-equity ratio of 1.73.

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 14.35% and a return on equity of 11.52%. The company had revenue of $2.37 billion during the quarter. As a group, analysts anticipate that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Announces Dividend

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

About Entergy

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.