Entergy Corporation $ETR Shares Bought by Forsta AP Fonden

Forsta AP Fonden boosted its position in shares of Entergy Corporation (NYSE:ETR) by 8.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 80,800 shares of the utilities provider’s stock after buying an additional 6,100 shares during the quarter. Forsta AP Fonden’s holdings in Entergy were worth $6,716,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Mattson Financial Services LLC increased its stake in Entergy by 100.0% during the 1st quarter. Mattson Financial Services LLC now owns 300 shares of the utilities provider’s stock worth $26,000 after buying an additional 150 shares in the last quarter. Atwood & Palmer Inc. increased its position in shares of Entergy by 135.7% during the second quarter. Atwood & Palmer Inc. now owns 330 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 190 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Entergy during the 1st quarter worth $28,000. GoalVest Advisory LLC grew its holdings in shares of Entergy by 5,733.3% during the second quarter. GoalVest Advisory LLC now owns 350 shares of the utilities provider’s stock worth $29,000 after buying an additional 344 shares in the last quarter. Finally, Atlantic Union Bankshares Corp acquired a new stake in shares of Entergy in the second quarter valued at about $30,000. 88.07% of the stock is owned by institutional investors and hedge funds.

Entergy Trading Up 0.5%

Shares of NYSE ETR opened at $94.92 on Friday. The stock has a fifty day simple moving average of $93.89 and a 200-day simple moving average of $88.05. Entergy Corporation has a twelve month low of $73.15 and a twelve month high of $98.58. The stock has a market capitalization of $42.39 billion, a PE ratio of 23.44, a PEG ratio of 2.40 and a beta of 0.63. 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 (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. Entergy had a net margin of 14.26% and a return on equity of 11.53%. The business had revenue of $2.37 billion for the quarter. On average, equities analysts forecast that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Thursday, November 13th will be given a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.7%. This is an increase from Entergy’s previous quarterly dividend of $0.60. The ex-dividend date is Thursday, November 13th. Entergy’s payout ratio is presently 63.21%.

Insiders Place Their Bets

In other Entergy news, insider Anastasia Minor sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $96.39, for a total transaction of $481,950.00. Following the transaction, the insider owned 10,122 shares in the company, valued at approximately $975,659.58. The trade was a 33.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Haley Fisackerly sold 5,136 shares of the firm’s stock in a transaction 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 completion of the sale, the insider directly 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. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 10,179 shares of company stock valued at $981,707. Insiders own 0.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on ETR. Evercore ISI increased their price objective on shares of Entergy from $98.00 to $101.00 and gave the company an “in-line” rating in a report on Thursday, October 30th. Royal Bank Of Canada upgraded Entergy to a “moderate buy” rating in a report on Tuesday, October 28th. Wells Fargo & Company raised shares of Entergy to a “strong-buy” rating in a report on Tuesday, October 28th. JPMorgan Chase & Co. boosted their target price on shares of Entergy from $102.00 to $103.00 and gave the company an “overweight” rating in a report on Thursday, August 21st. Finally, Morgan Stanley set a $93.00 price target on shares of Entergy and gave the company an “outperform” rating in a research report on Wednesday, October 22nd. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Entergy has an average rating of “Moderate Buy” and a consensus target price of $102.37.

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.