MGO One Seven LLC Sells 2,155 Shares of Entergy Corporation $ETR

MGO One Seven LLC lowered its position in Entergy Corporation (NYSE:ETR) by 12.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,860 shares of the utilities provider’s stock after selling 2,155 shares during the quarter. MGO One Seven LLC’s holdings in Entergy were worth $1,235,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in ETR. Brighton Jones LLC increased its holdings in shares of Entergy by 275.6% in the fourth quarter. Brighton Jones LLC now owns 9,176 shares of the utilities provider’s stock worth $696,000 after purchasing an additional 6,733 shares during the period. GAMMA Investing LLC increased its holdings in shares of Entergy by 9.8% in the first quarter. GAMMA Investing LLC now owns 15,530 shares of the utilities provider’s stock worth $1,328,000 after purchasing an additional 1,390 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Entergy by 7.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 103,337 shares of the utilities provider’s stock worth $8,835,000 after purchasing an additional 6,811 shares during the period. Exchange Traded Concepts LLC increased its holdings in shares of Entergy by 4.4% in the first quarter. Exchange Traded Concepts LLC now owns 17,221 shares of the utilities provider’s stock worth $1,472,000 after purchasing an additional 722 shares during the period. Finally, Sowell Financial Services LLC bought a new position in shares of Entergy in the first quarter worth $282,000. Institutional investors own 88.07% of the company’s stock.

Entergy Stock Performance

NYSE ETR opened at $97.67 on Thursday. The company has a 50-day simple moving average of $90.80 and a two-hundred day simple moving average of $85.96. The company has a quick ratio of 0.52, a current ratio of 0.80 and a debt-to-equity ratio of 1.73. Entergy Corporation has a 12-month low of $66.71 and a 12-month high of $98.58. The firm has a market cap of $43.60 billion, a price-to-earnings ratio of 24.33, a PEG ratio of 2.63 and a beta of 0.62.

Entergy (NYSE:ETR) last posted its quarterly earnings results on Friday, July 8th. The utilities provider reported $0.71 earnings per share (EPS) for the quarter. Entergy had a net margin of 14.35% and a return on equity of 11.52%. The business had revenue of $2.37 billion during the quarter. On average, equities analysts forecast that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Wednesday, August 13th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.5%. The ex-dividend date was Wednesday, August 13th. Entergy’s dividend payout ratio is presently 59.85%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Jefferies Financial Group assumed coverage on shares of Entergy in a report on Thursday, September 4th. They issued a “buy” rating and a $109.00 price target on the stock. JPMorgan Chase & Co. upped their price target on shares of Entergy from $102.00 to $103.00 and gave the stock an “overweight” rating in a report on Thursday, August 21st. BMO Capital Markets reissued an “outperform” rating and issued a $104.00 target price (up previously from $96.00) on shares of Entergy in a research note on Tuesday. Evercore ISI set a $98.00 target price on Entergy and gave the company an “in-line” rating in a research note on Monday, October 6th. Finally, Scotiabank set a $105.00 target price on Entergy and gave the company an “outperform” rating in a research note on Friday, October 3rd. Twelve research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Entergy currently has a consensus rating of “Moderate Buy” and an average target price of $96.14.

Insider Transactions at Entergy

In other Entergy news, insider Haley Fisackerly sold 4,463 shares of the company’s stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $90.50, for a total transaction of $403,901.50. Following the completion of the sale, the insider directly owned 3,318 shares in the company, valued at $300,279. This represents a 57.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.39% of the stock is currently owned by insiders.

Entergy 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.