Roberts Glore & Co. Inc. IL Sells 5,065 Shares of Entergy Corporation $ETR

Roberts Glore & Co. Inc. IL reduced its stake in Entergy Corporation (NYSE:ETR) by 20.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,976 shares of the utilities provider’s stock after selling 5,065 shares during the quarter. Roberts Glore & Co. Inc. IL’s holdings in Entergy were worth $1,660,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the company. Mattson Financial Services LLC lifted its holdings in Entergy by 100.0% during the 1st quarter. Mattson Financial Services LLC now owns 300 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 150 shares during the last quarter. Atwood & Palmer Inc. increased its position in 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 during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Entergy during the first quarter worth $28,000. GoalVest Advisory LLC lifted its holdings 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 worth $29,000 after buying an additional 344 shares in the last quarter. Finally, Atlantic Union Bankshares Corp bought a new stake in shares of Entergy in the second quarter valued at about $30,000. Institutional investors own 88.07% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on ETR shares. Royal Bank Of Canada upgraded shares of Entergy to a “moderate buy” rating in a research note on Tuesday, October 28th. Jefferies Financial Group assumed coverage on shares of Entergy in a report on Thursday, September 4th. They set a “buy” rating and a $109.00 target price on the stock. Wells Fargo & Company upgraded Entergy to a “strong-buy” rating in a research note on Tuesday, October 28th. Weiss Ratings restated a “buy (b)” rating on shares of Entergy in a research note on Wednesday, October 8th. Finally, BTIG Research raised Entergy to a “strong-buy” rating in a report on Wednesday, October 22nd. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $102.37.

Insider Buying and Selling at Entergy

In other Entergy 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 transaction, the insider directly owned 7,899 shares in the company, valued at approximately $762,253.50. This trade represents a 39.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Anastasia Minor sold 5,000 shares of the business’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $96.39, for a total value of $481,950.00. Following the sale, the insider owned 10,122 shares in the company, valued at approximately $975,659.58. This trade represents a 33.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 10,324 shares of company stock worth $994,902. 0.39% of the stock is currently owned by company insiders.

Entergy Price Performance

Entergy stock opened at $97.12 on Friday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.52 and a current ratio of 0.71. Entergy Corporation has a 52 week low of $72.64 and a 52 week high of $98.58. The stock has a market capitalization of $43.37 billion, a P/E ratio of 23.98, a price-to-earnings-growth ratio of 2.40 and a beta of 0.63. The stock has a fifty day moving average of $93.06 and a 200-day moving average of $87.68.

Entergy (NYSE:ETR) last released 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 business had revenue of $2.37 billion for the quarter. On average, sell-side analysts expect that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Thursday, November 13th will be given a $0.64 dividend. This is an increase from Entergy’s previous quarterly dividend of $0.60. This represents a $2.56 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Thursday, November 13th. Entergy’s dividend payout ratio (DPR) is 63.21%.

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.