LSV Asset Management Has $241,000 Position in Entergy Corporation $ETR

LSV Asset Management lessened its holdings in shares of Entergy Corporation (NYSE:ETR) by 97.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,900 shares of the utilities provider’s stock after selling 133,820 shares during the quarter. LSV Asset Management’s holdings in Entergy were worth $241,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of ETR. Mesirow Financial Investment Management Inc. raised its holdings in Entergy by 3.1% during the second quarter. Mesirow Financial Investment Management Inc. now owns 3,864 shares of the utilities provider’s stock valued at $321,000 after buying an additional 116 shares in the last quarter. DekaBank Deutsche Girozentrale grew its stake in shares of Entergy by 0.3% in the second quarter. DekaBank Deutsche Girozentrale now owns 41,397 shares of the utilities provider’s stock worth $3,377,000 after acquiring an additional 118 shares during the last quarter. My Legacy Advisors LLC increased its position in Entergy by 0.8% during the second quarter. My Legacy Advisors LLC now owns 16,576 shares of the utilities provider’s stock worth $1,361,000 after acquiring an additional 128 shares during the period. New Hampshire Trust raised its stake in Entergy by 3.6% during the 2nd quarter. New Hampshire Trust now owns 4,103 shares of the utilities provider’s stock valued at $341,000 after purchasing an additional 141 shares during the last quarter. Finally, Mattson Financial Services LLC boosted its holdings in Entergy by 100.0% in the 1st quarter. Mattson Financial Services LLC now owns 300 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 150 shares during the period. Institutional investors and hedge funds own 88.07% of the company’s stock.

Wall Street Analyst Weigh In

ETR has been the subject of several research reports. Mizuho increased their target price on shares of Entergy from $97.00 to $104.00 and gave the company an “outperform” rating in a research note on Monday, October 27th. Scotiabank set a $105.00 price target on Entergy and gave the company an “outperform” rating in a report on Friday, October 3rd. BTIG Research upgraded Entergy to a “strong-buy” rating in a research report on Wednesday, October 22nd. Citigroup lifted their price objective on Entergy from $91.00 to $106.00 and gave the stock a “neutral” rating in a report on Tuesday. Finally, Wells Fargo & Company upgraded Entergy to a “strong-buy” rating in a research note on Tuesday, October 28th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $102.47.

Entergy Stock Performance

NYSE:ETR opened at $93.70 on Friday. The stock has a market capitalization of $41.85 billion, a P/E ratio of 23.14, a price-to-earnings-growth 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 Corporation has a 1 year low of $73.15 and a 1 year high of $98.58. The firm has a 50 day moving average of $94.46 and a 200-day moving average of $88.42.

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

Entergy Increases Dividend

The business 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 2.7%. The ex-dividend date is Thursday, November 13th. This is a boost from Entergy’s previous quarterly dividend of $0.60. Entergy’s dividend payout ratio is 63.21%.

Insiders Place Their Bets

In related news, insider Anastasia Minor sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $96.39, for a total value of $481,950.00. Following the completion of the sale, the insider owned 10,122 shares of the company’s stock, valued at $975,659.58. This trade represents a 33.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Haley Fisackerly sold 5,136 shares of the business’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $96.50, for a total transaction of $495,624.00. Following the completion of the transaction, the insider owned 7,899 shares of the company’s stock, valued at $762,253.50. This trade represents a 39.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 10,179 shares of company stock valued at $981,707. Insiders own 0.39% of the company’s stock.

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.