Entergy Corporation $ETR Shares Acquired by Metis Global Partners LLC

Metis Global Partners LLC boosted its holdings in Entergy Corporation (NYSE:ETR) by 13.8% during the second quarter, Holdings Channel.com reports. The fund owned 39,237 shares of the utilities provider’s stock after acquiring an additional 4,761 shares during the period. Metis Global Partners LLC’s holdings in Entergy were worth $3,261,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ETR. Brighton Jones LLC increased its position in Entergy by 275.6% during 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 in the last quarter. D.A. Davidson & CO. acquired a new position in shares of Entergy in the first quarter valued at approximately $251,000. Rehmann Capital Advisory Group purchased a new position in shares of Entergy during the first quarter valued at approximately $276,000. Allworth Financial LP boosted its position in Entergy by 5.9% during the first quarter. Allworth Financial LP now owns 8,424 shares of the utilities provider’s stock worth $716,000 after acquiring an additional 470 shares during the last quarter. Finally, Genus Capital Management Inc. boosted its position in Entergy by 116.2% during the first quarter. Genus Capital Management Inc. now owns 2,975 shares of the utilities provider’s stock worth $254,000 after acquiring an additional 21,385 shares during the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ETR. Morgan Stanley set a $93.00 price target on Entergy and gave the stock an “outperform” rating in a research note on Wednesday, October 22nd. BMO Capital Markets reiterated an “outperform” rating and issued a $104.00 target price (up from $96.00) on shares of Entergy in a research note on Tuesday, October 14th. Wells Fargo & Company raised Entergy to a “strong-buy” rating in a research note on Tuesday, October 28th. Royal Bank Of Canada raised shares of Entergy to a “moderate buy” rating in a research note on Tuesday, October 28th. Finally, Jefferies Financial Group began coverage on shares of Entergy in a research report on Thursday, September 4th. They issued a “buy” rating and a $109.00 target price on the stock. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Entergy currently has an average rating of “Moderate Buy” and a consensus price target of $102.37.

Entergy Stock Performance

NYSE:ETR opened at $97.12 on Friday. The firm’s fifty day simple moving average is $93.06 and its 200 day simple moving average is $87.68. The company has a current ratio of 0.71, a quick ratio of 0.52 and a debt-to-equity ratio of 1.62. Entergy Corporation has a twelve month low of $72.64 and a twelve month high of $98.58. The firm has a market capitalization of $43.37 billion, a price-to-earnings ratio of 23.98, a PEG ratio of 2.40 and a beta of 0.63.

Entergy (NYSE:ETR) last released its quarterly earnings data on Friday, July 8th. The utilities provider reported $0.71 EPS for the quarter. The company had revenue of $2.37 billion for the quarter. Entergy had a return on equity of 11.53% and a net margin of 14.26%. As a group, equities research analysts expect that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Thursday, November 13th will be given a $0.64 dividend. This represents a $2.56 annualized dividend and a yield of 2.6%. This is a positive change from Entergy’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Thursday, November 13th. Entergy’s dividend payout ratio is 63.21%.

Insider Activity at Entergy

In other Entergy news, insider Anastasia Minor sold 5,000 shares of the business’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $96.39, for a total value of $481,950.00. Following the transaction, the insider owned 10,122 shares in the company, valued at $975,659.58. The trade was a 33.06% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Haley Fisackerly sold 5,136 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $96.50, for a total value of $495,624.00. Following the sale, the insider owned 7,899 shares of the company’s stock, valued at approximately $762,253.50. This trade represents a 39.40% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 10,324 shares of company stock valued at $994,902 in the last ninety days. 0.39% of the stock is owned by corporate insiders.

Entergy Company 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.