53,087 Shares in Entergy Corporation $ETR Bought by Trek Financial LLC

Trek Financial LLC acquired a new stake in shares of Entergy Corporation (NYSE:ETR) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 53,087 shares of the utilities provider’s stock, valued at approximately $5,269,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in ETR. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Entergy during the 3rd quarter valued at about $11,629,000. ProShare Advisors LLC lifted its position in Entergy by 1.3% in the 3rd quarter. ProShare Advisors LLC now owns 73,703 shares of the utilities provider’s stock worth $7,316,000 after buying an additional 919 shares during the last quarter. Vise Technologies Inc. boosted its stake in Entergy by 13.5% in the third quarter. Vise Technologies Inc. now owns 61,542 shares of the utilities provider’s stock worth $6,109,000 after buying an additional 7,341 shares in the last quarter. Moss Adams Wealth Advisors LLC bought a new position in Entergy during the third quarter valued at approximately $336,000. Finally, Invera Wealth Advisors LLC grew its position in Entergy by 4.0% during the third quarter. Invera Wealth Advisors LLC now owns 3,378 shares of the utilities provider’s stock valued at $335,000 after acquiring an additional 130 shares during the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. UBS Group boosted their price objective on shares of Entergy from $129.00 to $138.00 and gave the stock a “buy” rating in a report on Monday, July 6th. LADENBURG THALM/SH SH decreased their target price on shares of Entergy from $120.50 to $113.50 and set a “buy” rating on the stock in a research report on Monday, October 12th. JPMorgan Chase & Co. reduced their price objective on Entergy from $137.00 to $130.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 13th. KeyCorp lowered their price objective on shares of Entergy from $123.00 to $118.00 and set an “overweight” rating for the company in a research note on Tuesday, October 13th. Finally, Barclays reissued an “overweight” rating and issued a $115.00 price target (down from $128.00) on shares of Entergy in a research note on Monday, October 19th. Twenty research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $121.25.

Insider Transactions at Entergy

In related news, insider Laura R. Landreaux sold 5,600 shares of the firm’s stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $106.20, for a total transaction of $594,720.00. Following the sale, the insider owned 22,589 shares in the company, valued at approximately $2,398,951.80. This trade represents a 19.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ralph Lewis Ropp bought 1,000 shares of the firm’s stock in a transaction dated Thursday, August 6th. The shares were acquired at an average price of $106.08 per share, for a total transaction of $106,080.00. Following the transaction, the director directly owned 3,423 shares in the company, valued at approximately $363,111.84. This represents a 41.27% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.21% of the stock is currently owned by corporate insiders.

Entergy Stock Down 0.2%

Shares of ETR opened at $109.93 on Monday. Entergy Corporation has a 12-month low of $90.87 and a 12-month high of $118.44. The business’s 50 day moving average is $104.36 and its 200 day moving average is $107.30. The company has a current ratio of 0.91, a quick ratio of 0.70 and a debt-to-equity ratio of 1.73. The company has a market capitalization of $51.30 billion, a PE ratio of 28.19, a price-to-earnings-growth ratio of 2.46 and a beta of 0.46.

Entergy (NYSE:ETR) last announced its earnings results on Monday, November 2nd. The utilities provider reported $1.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.25. Entergy had a net margin of 13.40% and a return on equity of 10.53%. Research analysts expect that Entergy Corporation will post 4.40 earnings per share for the current fiscal year.

Entergy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Friday, November 13th will be issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.5%. This is a boost from Entergy’s previous quarterly dividend of $0.64. The ex-dividend date of this dividend is Friday, November 13th. Entergy’s dividend payout ratio is presently 65.64%.

Entergy Profile

Entergy Corporation is an integrated energy company that operates as a regulated electric utility. Through its operating companies, the company generates, transmits and distributes electricity to residential, commercial, industrial and governmental customers. Its generation portfolio includes nuclear, natural gas, renewable and other power resources, while its transmission and distribution networks deliver electricity across its service territories.

Entergy serves customers in Arkansas, Louisiana, Mississippi and Texas, including the New Orleans area through Entergy New Orleans.