Entergy Corporation $ETR Shares Sold by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al cut its holdings in shares of Entergy Corporation (NYSE:ETR) by 93.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,656 shares of the utilities provider’s stock after selling 303,200 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Entergy were worth $2,018,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Mattson Financial Services LLC increased its holdings in shares of 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 purchasing an additional 150 shares during the period. Atwood & Palmer Inc. raised its position in shares of Entergy by 135.7% during the 2nd quarter. Atwood & Palmer Inc. now owns 330 shares of the utilities provider’s stock worth $27,000 after buying an additional 190 shares in the last quarter. Capital A Wealth Management LLC boosted its holdings in shares of Entergy by 5,466.7% in the second quarter. Capital A Wealth Management LLC now owns 334 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 328 shares in the last quarter. GoalVest Advisory LLC increased its stake in shares of Entergy by 5,733.3% during the second quarter. GoalVest Advisory LLC now owns 350 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 344 shares during the period. Finally, Atlantic Union Bankshares Corp bought a new stake in Entergy during the second quarter worth approximately $30,000. Institutional investors own 88.07% of the company’s stock.

Insider Activity at Entergy

In related news, insider Haley Fisackerly sold 5,136 shares of the stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $96.50, for a total value of $495,624.00. Following the completion of the sale, the insider directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Anastasia Minor sold 5,000 shares of Entergy stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $96.39, for a total value of $481,950.00. Following the transaction, the insider directly owned 10,122 shares in the company, valued at approximately $975,659.58. This trade represents a 33.06% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 10,179 shares of company stock valued at $981,707. Company insiders own 0.39% of the company’s stock.

Entergy Stock Performance

Shares of ETR opened at $93.81 on Friday. The company has a 50-day moving average of $94.41 and a two-hundred day moving average of $90.73. The stock has a market cap of $41.90 billion, a price-to-earnings ratio of 23.16, a PEG ratio of 2.06 and a beta of 0.62. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.71 and a quick ratio of 0.48. Entergy Corporation has a one year low of $74.81 and a one year high of $98.58.

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

Entergy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Thursday, November 13th were issued a dividend of $0.64 per share. 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%. The ex-dividend date was Thursday, November 13th. Entergy’s dividend payout ratio is presently 63.21%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ETR. Weiss Ratings reissued a “buy (b)” rating on shares of Entergy in a research note on Wednesday, October 8th. Morgan Stanley set a $91.00 price target on shares of Entergy in a report on Thursday, November 20th. Citigroup lifted their price objective on shares of Entergy from $91.00 to $106.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 18th. Wall Street Zen lowered shares of Entergy from a “hold” rating to a “sell” rating in a research note on Monday, December 22nd. Finally, Scotiabank set a $105.00 price target on shares of Entergy and gave the stock an “outperform” rating in a research report on Friday, October 3rd. Two research 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’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $103.09.

About Entergy

Entergy Corporation (NYSE:ETR) is an integrated energy company headquartered in New Orleans, Louisiana, that generates, transmits and distributes electricity. The company’s operations combine regulated utility services with competitive power production, supplying retail electricity to residential, commercial and industrial customers while also participating in wholesale energy markets. Entergy’s generation fleet includes nuclear, natural gas, hydropower and other resources, and it operates a network of transmission and distribution assets to deliver power to end users.

Entergy conducts its regulated utility business through state-based operating subsidiaries that serve customers across parts of Arkansas, Louisiana, Mississippi and southeast Texas.