Natixis Invests $3.67 Million in Entergy Corporation $ETR

Natixis acquired a new position in shares of Entergy Corporation (NYSE:ETR) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 44,187 shares of the utilities provider’s stock, valued at approximately $3,673,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ETR. HB Wealth Management LLC increased its stake in Entergy by 15.2% in the second quarter. HB Wealth Management LLC now owns 22,271 shares of the utilities provider’s stock valued at $1,851,000 after purchasing an additional 2,932 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Entergy by 26.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 96,142 shares of the utilities provider’s stock worth $8,219,000 after purchasing an additional 19,862 shares in the last quarter. Zurich Insurance Group Ltd FI acquired a new position in shares of Entergy in the 1st quarter valued at $32,658,000. Empowered Funds LLC increased its position 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 buying an additional 67,696 shares in the last quarter. Finally, G&S Capital LLC acquired a new stake in Entergy during the 2nd quarter worth $2,557,000. Institutional investors own 88.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Mizuho raised their target price on shares of Entergy from $97.00 to $104.00 and gave the stock an “outperform” rating in a report on Monday, October 27th. BTIG Research upgraded shares of Entergy to a “strong-buy” rating in a report on Wednesday, October 22nd. Morgan Stanley set a $91.00 price objective on shares of Entergy in a research report on Thursday, November 20th. KeyCorp reiterated an “overweight” rating and set a $106.00 target price (up previously from $96.00) on shares of Entergy in a report on Wednesday, October 15th. Finally, Scotiabank set a $105.00 price target on Entergy and gave the company 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 assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $102.47.

Insider Transactions at Entergy

In related news, Director Ralph Lewis Ropp acquired 1,000 shares of the business’s 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 acquisition, the director owned 1,050 shares in the company, valued at $101,524.50. This represents a 2,000.00% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Haley Fisackerly sold 5,136 shares of the business’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 in the company, valued at approximately $762,253.50. The trade was a 39.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 10,179 shares of company stock worth $981,707 in the last 90 days. Corporate insiders own 0.39% of the company’s stock.

Entergy Stock Up 0.1%

Shares of ETR stock opened at $93.33 on Thursday. The firm’s fifty day moving average price is $95.55 and its two-hundred day moving average price is $89.57. The company has a current ratio of 0.71, a quick ratio of 0.48 and a debt-to-equity ratio of 1.62. Entergy Corporation has a 1 year low of $73.15 and a 1 year high of $98.58. The firm has a market capitalization of $41.68 billion, a P/E ratio of 23.05, a PEG ratio of 2.34 and a beta of 0.62.

Entergy (NYSE:ETR) last announced its quarterly earnings data on Friday, July 8th. The utilities provider reported $0.71 earnings per share for the quarter. Entergy had a return on equity of 11.53% and a net margin of 14.26%.The company had revenue of $2.37 billion during the quarter. On average, equities analysts predict that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Thursday, November 13th were given a dividend of $0.64 per share. This is a positive change from Entergy’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Thursday, November 13th. This represents a $2.56 annualized dividend and a dividend yield of 2.7%. 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.