Entergy Corporation $ETR Shares Acquired by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. increased its stake in Entergy Corporation (NYSE:ETR) by 7.5% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,110 shares of the utilities provider’s stock after acquiring an additional 981 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Entergy were worth $1,173,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Choreo LLC grew its holdings in shares of Entergy by 12.3% in the 1st quarter. Choreo LLC now owns 9,546 shares of the utilities provider’s stock worth $816,000 after acquiring an additional 1,042 shares during the last quarter. First American Trust FSB acquired a new position in shares of Entergy in the 1st quarter worth $3,896,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Entergy by 26.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 96,142 shares of the utilities provider’s stock worth $8,219,000 after acquiring an additional 19,862 shares during the last quarter. Zurich Insurance Group Ltd FI acquired a new position in shares of Entergy in the 1st quarter worth $32,658,000. Finally, Empowered Funds LLC grew its holdings in shares of Entergy by 369.8% in the 1st quarter. Empowered Funds LLC now owns 86,001 shares of the utilities provider’s stock worth $7,352,000 after acquiring an additional 67,696 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Entergy

In other Entergy news, insider Haley Fisackerly sold 4,463 shares of the business’s stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $90.50, for a total value of $403,901.50. Following the completion of the sale, the insider owned 3,318 shares of the company’s stock, valued at $300,279. The trade was a 57.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.47% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ETR. Mizuho set a $97.00 price target on Entergy and gave the company an “outperform” rating in a report on Thursday, July 31st. Jefferies Financial Group began coverage on Entergy in a report on Thursday, September 4th. They set a “buy” rating and a $109.00 price target on the stock. KeyCorp reiterated an “overweight” rating and set a $106.00 price target (up previously from $96.00) on shares of Entergy in a report on Wednesday, October 15th. Bank of America lifted their price target on Entergy from $88.00 to $97.00 and gave the company a “neutral” rating in a report on Thursday, October 16th. Finally, Evercore ISI set a $98.00 price target on Entergy and gave the company an “in-line” rating in a report on Monday, October 6th. Thirteen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $98.47.

Entergy Price Performance

ETR opened at $95.65 on Wednesday. The stock has a market cap of $42.70 billion, a price-to-earnings ratio of 23.82, a PEG ratio of 2.44 and a beta of 0.62. Entergy Corporation has a 1 year low of $66.75 and a 1 year 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. The stock has a fifty day moving average price of $91.25 and a 200 day moving average price of $86.29.

Entergy (NYSE:ETR) last released its quarterly earnings data on Friday, July 8th. The utilities provider reported $0.71 earnings per share (EPS) for the quarter. The firm 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%. Analysts forecast that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Wednesday, August 13th were given a $0.60 dividend. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $2.40 dividend on an annualized basis 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.