Entergy Corporation $ETR Stock Holdings Increased by Greenland Capital Management LP

Greenland Capital Management LP boosted its holdings in shares of Entergy Corporation (NYSE:ETR) by 17.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 168,123 shares of the utilities provider’s stock after purchasing an additional 24,815 shares during the period. Entergy comprises approximately 1.4% of Greenland Capital Management LP’s investment portfolio, making the stock its 9th biggest holding. Greenland Capital Management LP’s holdings in Entergy were worth $13,974,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Mesirow Financial Investment Management Inc. grew 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 worth $321,000 after acquiring an additional 116 shares during the period. DekaBank Deutsche Girozentrale boosted its position 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 grew its stake in shares of Entergy by 0.8% during the 2nd quarter. My Legacy Advisors LLC now owns 16,576 shares of the utilities provider’s stock worth $1,361,000 after purchasing an additional 128 shares during the period. New Hampshire Trust increased its holdings 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 lifted its stake in shares of 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.

Insider Buying and Selling

In other Entergy news, insider Haley Fisackerly sold 5,136 shares of the firm’s stock in a transaction 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 sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Anastasia Minor sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $96.39, for a total value of $481,950.00. Following the sale, the insider directly owned 10,122 shares of the company’s stock, valued at $975,659.58. The trade was a 33.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 10,179 shares of company stock worth $981,707. Company insiders own 0.39% of the company’s stock.

Entergy Price Performance

Entergy stock opened at $94.54 on Wednesday. Entergy Corporation has a 52-week low of $73.15 and a 52-week high of $98.58. The company has a quick ratio of 0.52, a current ratio of 0.71 and a debt-to-equity ratio of 1.62. The company has a fifty day simple moving average of $94.21 and a 200-day simple moving average of $88.27. The firm has a market capitalization of $42.22 billion, a price-to-earnings ratio of 23.34, a PEG ratio of 2.40 and a beta of 0.63.

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

Entergy Increases Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Thursday, November 13th. Entergy’s payout ratio is currently 63.21%.

Wall Street Analysts Forecast Growth

ETR has been the topic of several analyst reports. Evercore ISI raised their price target on shares of Entergy from $98.00 to $101.00 and gave the company an “in-line” rating in a research report on Thursday, October 30th. Citigroup raised their target price on Entergy from $91.00 to $106.00 and gave the company a “neutral” rating in a research report on Tuesday. BTIG Research raised Entergy to a “strong-buy” rating in a report on Wednesday, October 22nd. Mizuho increased their price target on Entergy from $97.00 to $104.00 and gave the stock an “outperform” rating in a research report on Monday, October 27th. Finally, Royal Bank Of Canada upgraded Entergy to a “moderate buy” rating in a research report 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 company. According to MarketBeat.com, Entergy presently has an average rating of “Moderate Buy” and a consensus price target of $102.59.

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.