Citizens Financial Group Inc. RI Purchases 634 Shares of Entergy Corporation $ETR

Citizens Financial Group Inc. RI grew its position in shares of Entergy Corporation (NYSE:ETR) by 20.0% during the second quarter, according to its most recent filing with the SEC. The firm owned 3,797 shares of the utilities provider’s stock after acquiring an additional 634 shares during the period. Citizens Financial Group Inc. RI’s holdings in Entergy were worth $316,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mattson Financial Services LLC grew its stake in 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. Atwood & Palmer Inc. boosted its holdings in shares of Entergy by 135.7% during the 2nd quarter. Atwood & Palmer Inc. now owns 330 shares of the utilities provider’s stock valued at $27,000 after buying an additional 190 shares in the last quarter. GoalVest Advisory LLC grew its position in shares of Entergy by 5,733.3% in the 2nd quarter. GoalVest Advisory LLC now owns 350 shares of the utilities provider’s stock worth $29,000 after buying an additional 344 shares during the period. Atlantic Union Bankshares Corp bought a new position in shares of Entergy in the 2nd quarter worth about $30,000. Finally, Legacy Investment Solutions LLC purchased a new position in Entergy during the 2nd quarter valued at about $31,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ETR. BMO Capital Markets restated an “outperform” rating and issued a $104.00 price objective (up previously from $96.00) on shares of Entergy in a report on Tuesday, October 14th. Barclays set a $100.00 price target on Entergy and gave the stock an “overweight” rating in a research report on Monday, October 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Entergy in a research report on Wednesday, October 8th. Jefferies Financial Group assumed coverage on Entergy in a research note on Thursday, September 4th. They set a “buy” rating and a $109.00 price objective for the company. Finally, Scotiabank set a $105.00 target price on Entergy and gave the stock an “outperform” rating in a research note on Friday, October 3rd. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Entergy currently has an average rating of “Moderate Buy” and a consensus target price of $102.59.

Insider Buying and Selling

In other news, insider Anastasia Minor sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $96.39, for a total transaction of $481,950.00. Following 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Ralph Lewis Ropp purchased 1,000 shares of Entergy stock in a transaction dated Wednesday, November 12th. The stock was bought at an average price of $96.69 per share, with a total value of $96,690.00. Following the completion of 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. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders sold 10,179 shares of company stock worth $981,707. 0.39% of the stock is owned by corporate insiders.

Entergy Price Performance

Shares of ETR opened at $94.03 on Thursday. Entergy Corporation has a twelve month low of $73.15 and a twelve month high of $98.58. The company has a market capitalization of $42.00 billion, a P/E ratio of 23.22, a price-to-earnings-growth ratio of 2.40 and a beta of 0.63. The firm has a 50 day moving average of $94.33 and a 200 day moving average of $88.32. The company has a quick ratio of 0.52, a current ratio of 0.71 and a debt-to-equity ratio of 1.62.

Entergy (NYSE:ETR) last released its quarterly earnings data on Friday, July 8th. The utilities provider reported $0.71 earnings per share (EPS) for the quarter. The business had revenue of $2.37 billion for the quarter. Entergy had a return on equity of 11.53% and a net margin of 14.26%. As a group, equities research analysts anticipate that Entergy Corporation will post 3.88 earnings per share 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 given a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a dividend yield of 2.7%. This is a boost from Entergy’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Thursday, November 13th. Entergy’s payout ratio is 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.