Entergy Corporation $ETR Shares Bought by Invesco Ltd.

Invesco Ltd. grew its holdings in Entergy Corporation (NYSE:ETR) by 2.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,129,177 shares of the utilities provider’s stock after buying an additional 126,707 shares during the quarter. Invesco Ltd. owned about 1.37% of Entergy worth $509,457,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ETR. Mesirow Financial Investment Management Inc. boosted its position in shares of Entergy by 3.1% during the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 3,864 shares of the utilities provider’s stock worth $321,000 after purchasing an additional 116 shares in the last quarter. DekaBank Deutsche Girozentrale lifted 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 valued at $3,377,000 after purchasing an additional 118 shares during the period. CW Advisors LLC boosted its holdings in Entergy by 3.4% during the second quarter. CW Advisors LLC now owns 3,706 shares of the utilities provider’s stock worth $308,000 after buying an additional 121 shares in the last quarter. Virtus Investment Advisers LLC grew its position in Entergy by 6.2% during the second quarter. Virtus Investment Advisers LLC now owns 2,119 shares of the utilities provider’s stock worth $176,000 after buying an additional 124 shares during the period. Finally, My Legacy Advisors LLC increased its holdings in Entergy by 0.8% in the second quarter. My Legacy Advisors LLC now owns 16,576 shares of the utilities provider’s stock valued at $1,361,000 after buying an additional 128 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Insider Activity at Entergy

In other Entergy news, insider Anastasia Minor sold 5,000 shares of the firm’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $96.39, for a total transaction of $481,950.00. Following the completion of the transaction, 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 at the SEC website. Also, insider Haley Fisackerly sold 5,136 shares of the company’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 completion of the sale, the insider owned 7,899 shares in the company, 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. Insiders have sold 10,179 shares of company stock valued at $981,707 over the last ninety days. Corporate insiders own 0.39% of the company’s stock.

Wall Street Analyst Weigh In

ETR has been the topic of a number of research reports. KeyCorp restated an “overweight” rating and issued a $106.00 price target (up previously from $96.00) on shares of Entergy in a report on Wednesday, October 15th. BMO Capital Markets reiterated an “outperform” rating and issued a $104.00 price objective (up from $96.00) on shares of Entergy in a research report on Tuesday, October 14th. Wells Fargo & Company upgraded shares of Entergy to a “strong-buy” rating in a report on Tuesday, October 28th. Weiss Ratings restated a “buy (b)” rating on shares of Entergy in a research report on Wednesday, October 8th. Finally, Citigroup increased their price target on shares of Entergy from $91.00 to $106.00 and gave the company a “neutral” rating in a research report on Tuesday, November 18th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Entergy has an average rating of “Moderate Buy” and a consensus price target of $102.47.

Entergy Stock Performance

NYSE:ETR opened at $94.44 on Friday. Entergy Corporation has a twelve month low of $73.15 and a twelve month high of $98.58. The firm’s fifty day simple moving average is $95.52 and its 200 day simple moving average is $89.22. The company has a current ratio of 0.71, a quick ratio of 0.48 and a debt-to-equity ratio of 1.62. The firm has a market capitalization of $42.18 billion, a price-to-earnings ratio of 23.32, a PEG ratio of 2.37 and a beta of 0.62.

Entergy (NYSE:ETR) last announced its 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 business had revenue of $2.37 billion during the quarter. As a group, equities research analysts expect that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Increases Dividend

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