Entergy Corporation $ETR Shares Sold by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH lessened its position in shares of Entergy Corporation (NYSE:ETR) by 9.7% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 352,886 shares of the utilities provider’s stock after selling 37,962 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Entergy were worth $29,332,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mattson Financial Services LLC boosted its stake in shares of 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 acquiring an additional 150 shares in the last quarter. Atwood & Palmer Inc. increased its stake in shares of Entergy by 135.7% in the 2nd quarter. Atwood & Palmer Inc. now owns 330 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 190 shares in the last quarter. GoalVest Advisory LLC raised its holdings in Entergy by 5,733.3% in the 2nd quarter. GoalVest Advisory LLC now owns 350 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 344 shares during the period. Atlantic Union Bankshares Corp acquired a new position in Entergy in the 2nd quarter worth about $30,000. Finally, Legacy Investment Solutions LLC purchased a new position in Entergy during the second quarter worth approximately $31,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Insider Buying and Selling

In other Entergy news, insider Anastasia Minor sold 5,000 shares of the firm’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $96.39, for a total value of $481,950.00. Following the completion of the sale, the insider directly owned 10,122 shares of the company’s stock, valued at $975,659.58. This trade represents a 33.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Haley Fisackerly sold 5,136 shares of the business’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $96.50, for a total transaction of $495,624.00. Following the transaction, the insider directly owned 7,899 shares in the company, valued at approximately $762,253.50. The trade was a 39.40% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 10,179 shares of company stock worth $981,707. 0.39% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on ETR. Scotiabank set a $105.00 price objective on Entergy and gave the company an “outperform” rating in a research report on Friday, October 3rd. JPMorgan Chase & Co. boosted their price target on shares of Entergy from $102.00 to $103.00 and gave the stock an “overweight” rating in a report on Thursday, August 21st. Royal Bank Of Canada upgraded shares of Entergy to a “moderate buy” rating in a research report on Tuesday, October 28th. BMO Capital Markets reiterated an “outperform” rating and issued a $104.00 target price (up previously from $96.00) on shares of Entergy in a research report on Tuesday, October 14th. Finally, BTIG Research upgraded shares of Entergy to a “strong-buy” rating in a research report on Wednesday, October 22nd. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $102.37.

Entergy Price Performance

Entergy stock opened at $95.39 on Tuesday. The company has a fifty day simple moving average of $94.06 and a 200-day simple moving average of $88.20. The firm has a market capitalization of $42.60 billion, a price-to-earnings ratio of 23.55, a PEG ratio of 2.40 and a beta of 0.63. The company has a quick ratio of 0.52, a current ratio of 0.71 and a debt-to-equity ratio of 1.62. Entergy Corporation has a 52-week low of $73.15 and a 52-week high of $98.58.

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 net margin of 14.26% and a return on equity of 11.53%. The firm had revenue of $2.37 billion for the quarter. On average, equities analysts anticipate that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Thursday, November 13th will be issued a $0.64 dividend. This is a boost from Entergy’s previous quarterly dividend of $0.60. This represents a $2.56 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Thursday, November 13th. Entergy’s payout ratio is 63.21%.

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.