Journey Strategic Wealth LLC Sells 864 Shares of Entergy Corporation $ETR

Journey Strategic Wealth LLC trimmed its holdings in Entergy Corporation (NYSE:ETR) by 23.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,819 shares of the utilities provider’s stock after selling 864 shares during the period. Journey Strategic Wealth LLC’s holdings in Entergy were worth $234,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Mesirow Financial Investment Management Inc. grew its holdings in Entergy by 3.1% during the 2nd 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 lifted its stake in Entergy by 0.3% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 41,397 shares of the utilities provider’s stock worth $3,377,000 after purchasing an additional 118 shares in the last quarter. My Legacy Advisors LLC boosted its holdings in Entergy by 0.8% in the 2nd quarter. My Legacy Advisors LLC now owns 16,576 shares of the utilities provider’s stock valued at $1,361,000 after purchasing an additional 128 shares during the period. New Hampshire Trust grew its position in shares of 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 in the last quarter. Finally, Mattson Financial Services LLC increased its holdings in shares of Entergy by 100.0% in the first quarter. Mattson Financial Services LLC now owns 300 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 150 shares during the period. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Insider Buying and Selling

In related news, Director Ralph Lewis Ropp purchased 1,000 shares of the firm’s stock in a transaction on Wednesday, November 12th. The shares were acquired at an average cost of $96.69 per share, with a total value of $96,690.00. Following the purchase, the director directly owned 1,050 shares of the company’s stock, valued at approximately $101,524.50. This trade represents a 2,000.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Anastasia Minor sold 5,000 shares of the business’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. The trade was a 33.06% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 10,179 shares of company stock worth $981,707 in the last ninety days. 0.39% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

ETR has been the subject of several research analyst reports. Evercore ISI lifted their price objective on Entergy from $98.00 to $101.00 and gave the company an “in-line” rating in a research note on Thursday, October 30th. Mizuho lifted their price target on Entergy from $97.00 to $104.00 and gave the company an “outperform” rating in a research report on Monday, October 27th. Weiss Ratings restated a “buy (b)” rating on shares of Entergy in a research report on Wednesday, October 8th. Morgan Stanley set a $91.00 target price on shares of Entergy in a research note on Thursday. Finally, Wells Fargo & Company raised shares of Entergy to a “strong-buy” rating in a research note on Tuesday, October 28th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Entergy presently has a consensus rating of “Moderate Buy” and an average price target of $102.47.

Entergy Stock Up 2.1%

Shares of NYSE ETR opened at $95.67 on Tuesday. The stock has a market capitalization of $42.73 billion, a P/E ratio of 23.62, a PEG ratio of 2.40 and a beta of 0.63. Entergy Corporation has a one year low of $73.15 and a one year high of $98.58. The firm’s 50 day simple moving average is $94.57 and its two-hundred day simple moving average is $88.56. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.71 and a quick ratio of 0.52.

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

Entergy Increases Dividend

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

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.