Tema Etfs LLC Acquires 19,212 Shares of Entergy Corporation $ETR

Tema Etfs LLC lifted its stake in Entergy Corporation (NYSE:ETR) by 55.1% during the 2nd quarter, HoldingsChannel reports. The fund owned 54,108 shares of the utilities provider’s stock after buying an additional 19,212 shares during the period. Entergy comprises approximately 1.2% of Tema Etfs LLC’s portfolio, making the stock its 26th biggest holding. Tema Etfs LLC’s holdings in Entergy were worth $4,497,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. First American Trust FSB bought a new stake in Entergy in the first quarter valued at about $3,896,000. HB Wealth Management LLC lifted its stake in Entergy by 15.2% during the second quarter. HB Wealth Management LLC now owns 22,271 shares of the utilities provider’s stock worth $1,851,000 after purchasing an additional 2,932 shares during the period. Zurich Insurance Group Ltd FI acquired a new stake in Entergy during the first quarter valued at approximately $32,658,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Entergy by 26.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 96,142 shares of the utilities provider’s stock valued at $8,219,000 after purchasing an additional 19,862 shares during the period. Finally, Empowered Funds LLC grew its stake in shares of Entergy by 369.8% in the 1st quarter. Empowered Funds LLC now owns 86,001 shares of the utilities provider’s stock valued at $7,352,000 after purchasing an additional 67,696 shares during the period. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Entergy Price Performance

Shares of ETR stock opened at $94.44 on Friday. Entergy Corporation has a 52 week low of $73.15 and a 52 week high of $98.58. The stock has a market capitalization of $42.18 billion, a PE ratio of 23.32, a PEG ratio of 2.37 and a beta of 0.62. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.48 and a current ratio of 0.71. The stock’s fifty day moving average is $95.52 and its 200-day moving average is $89.22.

Entergy (NYSE:ETR) last released its quarterly earnings results 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 during the quarter. Entergy had a return on equity of 11.53% and a net margin of 14.26%. Equities research 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 was paid on Monday, December 1st. Stockholders of record on Thursday, November 13th were given a dividend of $0.64 per share. The ex-dividend date was Thursday, November 13th. This is a positive change from Entergy’s previous quarterly dividend of $0.60. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.7%. Entergy’s dividend payout ratio (DPR) is currently 63.21%.

Insider Activity

In other Entergy news, insider Haley Fisackerly sold 5,136 shares of the company’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 transaction, the insider owned 7,899 shares of the company’s stock, valued at approximately $762,253.50. This represents a 39.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ralph Lewis Ropp acquired 1,000 shares of the firm’s stock in a transaction on Wednesday, November 12th. The stock was purchased at an average price of $96.69 per share, for a total transaction of $96,690.00. Following the completion of the transaction, the director directly owned 1,050 shares in the company, valued at approximately $101,524.50. The trade was a 2,000.00% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have sold 10,179 shares of company stock valued at $981,707 over the last three months. 0.39% of the stock is owned by insiders.

Analyst Ratings Changes

ETR has been the subject of several analyst reports. BTIG Research upgraded Entergy to a “strong-buy” rating in a research report on Wednesday, October 22nd. Royal Bank Of Canada upgraded Entergy to a “moderate buy” rating in a research note on Tuesday, October 28th. Scotiabank set a $105.00 target price on shares of Entergy and gave the company an “outperform” rating in a research note on Friday, October 3rd. Bank of America upped their target price on shares of Entergy from $88.00 to $97.00 and gave the stock a “neutral” rating in a report on Thursday, October 16th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Entergy from $102.00 to $103.00 and gave the company an “overweight” rating in a report on Thursday, August 21st. Two research 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 stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $102.47.

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.