Yousif Capital Management LLC Has $4.87 Million Stock Position in Entergy Corporation $ETR

Yousif Capital Management LLC trimmed its holdings in shares of Entergy Corporation (NYSE:ETR) by 0.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 58,640 shares of the utilities provider’s stock after selling 281 shares during the period. Yousif Capital Management LLC’s holdings in Entergy were worth $4,874,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of ETR. Mattson Financial Services LLC raised its position in Entergy by 100.0% during the first quarter. Mattson Financial Services LLC now owns 300 shares of the utilities provider’s stock valued at $26,000 after buying an additional 150 shares during the period. Atwood & Palmer Inc. raised its position in Entergy by 135.7% during the second quarter. Atwood & Palmer Inc. now owns 330 shares of the utilities provider’s stock valued at $27,000 after buying an additional 190 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Entergy during the first quarter valued at $28,000. Grove Bank & Trust raised its position in Entergy by 188.5% during the first quarter. Grove Bank & Trust now owns 352 shares of the utilities provider’s stock valued at $30,000 after buying an additional 230 shares during the period. Finally, Wayfinding Financial LLC acquired a new position in Entergy during the first quarter valued at $32,000. 88.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently weighed in on ETR shares. KeyCorp reissued an “overweight” rating and set a $96.00 price target (up from $88.00) on shares of Entergy in a research report on Thursday, July 31st. Mizuho set a $97.00 target price on Entergy and gave the stock an “outperform” rating in a research report on Thursday, July 31st. Jefferies Financial Group began coverage on Entergy in a research report on Thursday, September 4th. They issued a “buy” rating and a $109.00 target price on the stock. Barclays set a $100.00 target price on Entergy and gave the stock an “overweight” rating in a research report on Monday, October 6th. Finally, JPMorgan Chase & Co. upped their target price on Entergy from $102.00 to $103.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st. Twelve investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $95.43.

Entergy Stock Performance

Shares of NYSE ETR opened at $96.67 on Wednesday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.52 and a current ratio of 0.80. The firm has a market cap of $43.16 billion, a price-to-earnings ratio of 24.08, a P/E/G ratio of 2.60 and a beta of 0.62. The business’s 50-day simple moving average is $90.66 and its 200-day simple moving average is $85.87. Entergy Corporation has a 52 week low of $66.34 and a 52 week high of $98.58.

Entergy (NYSE:ETR) last issued its quarterly earnings data on Friday, July 8th. The utilities provider reported $0.71 EPS for the quarter. The business had revenue of $2.37 billion for the quarter. Entergy had a return on equity of 11.52% and a net margin of 14.35%. As a group, equities research analysts expect that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Wednesday, August 13th were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.5%. Entergy’s dividend payout ratio is currently 59.85%.

Insider Activity at Entergy

In other news, insider Haley Fisackerly sold 4,463 shares of the stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $90.50, for a total transaction of $403,901.50. Following the transaction, the insider owned 3,318 shares of the company’s stock, valued at approximately $300,279. This represents a 57.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.47% of the company’s stock.

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.