Roberts Glore & Co. Inc. IL Sells 5,065 Shares of Entergy Corporation $ETR

Roberts Glore & Co. Inc. IL trimmed its position in Entergy Corporation (NYSE:ETR) by 20.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,976 shares of the utilities provider’s stock after selling 5,065 shares during the quarter. Roberts Glore & Co. Inc. IL’s holdings in Entergy were worth $1,660,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Choreo LLC increased its holdings in shares of Entergy by 12.3% in the first quarter. Choreo LLC now owns 9,546 shares of the utilities provider’s stock worth $816,000 after acquiring an additional 1,042 shares in the last quarter. First American Trust FSB bought a new position in shares of Entergy during the 1st quarter valued at about $3,896,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position 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 valued at $8,219,000 after purchasing an additional 19,862 shares during the period. Zurich Insurance Group Ltd FI bought a new stake in Entergy during the 1st quarter worth approximately $32,658,000. Finally, Empowered Funds LLC raised its holdings in Entergy by 369.8% during the 1st quarter. Empowered Funds LLC now owns 86,001 shares of the utilities provider’s stock worth $7,352,000 after buying an additional 67,696 shares during the period. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Entergy Price Performance

NYSE:ETR opened at $97.12 on Friday. Entergy Corporation has a 52-week low of $72.64 and a 52-week high of $98.58. The company has a market cap of $43.37 billion, a P/E ratio of 23.98, a P/E/G ratio of 2.40 and a beta of 0.63. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.52 and a current ratio of 0.71. The stock’s 50-day simple moving average is $93.06 and its 200 day simple moving average is $87.68.

Entergy (NYSE:ETR) last posted its quarterly earnings results on Friday, July 8th. The utilities provider reported $0.71 earnings per share for the quarter. Entergy had a return on equity of 11.53% and a net margin of 14.26%.The firm had revenue of $2.37 billion during the quarter. As a group, sell-side analysts forecast that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Increases Dividend

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

Analysts Set New Price Targets

Several research firms have recently weighed in on ETR. BTIG Research upgraded shares of Entergy to a “strong-buy” rating in a report on Wednesday, October 22nd. Barclays set a $100.00 price objective on shares of Entergy and gave the company an “overweight” rating in a research report on Monday, October 6th. Jefferies Financial Group started coverage on Entergy in a report on Thursday, September 4th. They set a “buy” rating and a $109.00 target price for the company. BMO Capital Markets reissued an “outperform” rating and issued a $104.00 price target (up previously from $96.00) on shares of Entergy in a research note on Tuesday, October 14th. Finally, KeyCorp reaffirmed an “overweight” rating and set a $106.00 price objective (up from $96.00) on shares of Entergy in a research report on Wednesday, October 15th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $102.37.

Insiders Place Their Bets

In other Entergy news, insider Anastasia Minor sold 5,000 shares of the 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 completion of the sale, the insider owned 10,122 shares in the company, valued at $975,659.58. This trade represents a 33.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Haley Fisackerly sold 5,136 shares of the business’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $96.50, for a total transaction of $495,624.00. Following the transaction, the insider owned 7,899 shares in the company, valued at $762,253.50. This represents a 39.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 10,324 shares of company stock valued at $994,902. Corporate insiders own 0.39% of the company’s stock.

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.