Horrell Capital Management Inc. Purchases 1,443 Shares of Entergy Corporation $ETR

Horrell Capital Management Inc. grew its position in Entergy Corporation (NYSE:ETR) by 2.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 54,914 shares of the utilities provider’s stock after purchasing an additional 1,443 shares during the quarter. Entergy makes up about 1.9% of Horrell Capital Management Inc.’s portfolio, making the stock its 17th largest position. Horrell Capital Management Inc.’s holdings in Entergy were worth $4,564,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of ETR. Mattson Financial Services LLC boosted its position in 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 acquiring an additional 150 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Entergy during the 1st quarter valued at about $28,000. Atwood & Palmer Inc. increased its holdings in Entergy by 135.7% in the second quarter. Atwood & Palmer Inc. now owns 330 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 190 shares in the last quarter. GoalVest Advisory LLC lifted its stake in Entergy by 5,733.3% in the second quarter. GoalVest Advisory LLC now owns 350 shares of the utilities provider’s stock valued at $29,000 after buying an additional 344 shares during the period. Finally, Atlantic Union Bankshares Corp bought a new position in shares of Entergy during the 2nd quarter worth approximately $30,000. Institutional investors own 88.07% of the company’s stock.

Insider Buying and Selling at Entergy

In other news, insider Anastasia Minor sold 5,000 shares of the company’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $96.39, for a total value of $481,950.00. Following the completion of the sale, the insider owned 10,122 shares in the company, valued at $975,659.58. This represents a 33.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Haley Fisackerly sold 5,136 shares of the business’s stock in a transaction dated 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. This trade represents a 39.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 10,179 shares of company stock valued at $981,707 in the last quarter. 0.47% of the stock is currently owned by corporate insiders.

Entergy Trading Down 0.2%

NYSE:ETR opened at $96.89 on Wednesday. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.71 and a quick ratio of 0.52. Entergy Corporation has a one year low of $73.15 and a one year high of $98.58. The company has a market cap of $43.27 billion, a PE ratio of 23.92, a PEG ratio of 2.40 and a beta of 0.63. The firm has a 50-day moving average of $93.43 and a 200-day moving average of $87.88.

Entergy (NYSE:ETR) last announced its quarterly earnings results on Friday, July 8th. The utilities provider reported $0.71 earnings per share for the quarter. The business had revenue of $2.37 billion for the quarter. Entergy had a net margin of 14.26% and a return on equity of 11.53%. As a group, equities research analysts expect 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 will be paid on Monday, December 1st. Investors of record on Thursday, November 13th will be issued a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a yield of 2.6%. This is an increase from Entergy’s previous quarterly dividend of $0.60. The ex-dividend date is Thursday, November 13th. Entergy’s dividend payout ratio is currently 63.21%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on ETR shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Entergy in a research report on Wednesday, October 8th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $104.00 price target (up from $96.00) on shares of Entergy in a research note on Tuesday, October 14th. BTIG Research upgraded shares of Entergy to a “strong-buy” rating in a report on Wednesday, October 22nd. JPMorgan Chase & Co. increased their price objective on shares of Entergy from $102.00 to $103.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st. Finally, Mizuho boosted their target price on Entergy from $97.00 to $104.00 and gave the company an “outperform” rating in a research report on Monday, October 27th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $102.37.

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.