Entergy Corporation $ETR Stock Holdings Increased by Greenland Capital Management LP

Greenland Capital Management LP lifted its stake in Entergy Corporation (NYSE:ETR) by 17.3% in the second quarter, HoldingsChannel reports. The firm owned 168,123 shares of the utilities provider’s stock after acquiring an additional 24,815 shares during the quarter. Entergy makes up about 1.4% of Greenland Capital Management LP’s investment portfolio, making the stock its 9th biggest position. Greenland Capital Management LP’s holdings in Entergy were worth $13,974,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of ETR. Choreo LLC grew its holdings in Entergy by 12.3% during the 1st quarter. Choreo LLC now owns 9,546 shares of the utilities provider’s stock worth $816,000 after acquiring an additional 1,042 shares in the last quarter. First American Trust FSB purchased a new position in Entergy in the first quarter valued at $3,896,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Entergy by 26.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 96,142 shares of the utilities provider’s stock valued at $8,219,000 after buying an additional 19,862 shares in the last quarter. Zurich Insurance Group Ltd FI purchased a new stake in Entergy during the 1st quarter worth about $32,658,000. Finally, Empowered Funds LLC boosted its position in shares of Entergy by 369.8% during the 1st quarter. Empowered Funds LLC now owns 86,001 shares of the utilities provider’s stock worth $7,352,000 after acquiring an additional 67,696 shares in the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Entergy Stock Down 1.0%

ETR opened at $94.54 on Wednesday. The company has a market cap of $42.22 billion, a PE ratio of 23.34, a P/E/G ratio of 2.40 and a beta of 0.63. The company has a quick ratio of 0.52, a current ratio of 0.71 and a debt-to-equity ratio of 1.62. Entergy Corporation has a 52 week low of $73.15 and a 52 week high of $98.58. The business has a 50 day moving average price of $94.21 and a two-hundred day moving average price of $88.27.

Entergy (NYSE:ETR) last issued its 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, research analysts anticipate that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Thursday, November 13th will be paid a $0.64 dividend. This represents a $2.56 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Thursday, November 13th. This is an increase from Entergy’s previous quarterly dividend of $0.60. Entergy’s dividend payout ratio (DPR) is 63.21%.

Insider Activity at Entergy

In other news, Director Ralph Lewis Ropp purchased 1,000 shares of the company’s stock in a transaction dated Wednesday, November 12th. The stock was acquired at an average price of $96.69 per share, for a total transaction of $96,690.00. Following the completion of the transaction, the director directly owned 1,050 shares in the company, valued at $101,524.50. This represents a 2,000.00% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, insider Haley Fisackerly sold 5,136 shares of Entergy stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $96.50, for a total value of $495,624.00. Following the transaction, the insider directly owned 7,899 shares of the company’s stock, valued at $762,253.50. This trade represents a 39.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 10,179 shares of company stock valued at $981,707 in the last ninety days. Corporate insiders own 0.39% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Entergy in a report on Wednesday, October 8th. Royal Bank Of Canada upgraded shares of Entergy to a “moderate buy” rating in a research note on Tuesday, October 28th. Evercore ISI upped their price objective on shares of Entergy from $98.00 to $101.00 and gave the company an “in-line” rating in a research note on Thursday, October 30th. Mizuho boosted their target price on Entergy from $97.00 to $104.00 and gave the company an “outperform” rating in a report on Monday, October 27th. Finally, Wells Fargo & Company upgraded Entergy to a “strong-buy” rating in a research note on Tuesday, October 28th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Entergy presently has a consensus rating of “Moderate Buy” and a consensus price target of $102.59.

About Entergy

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.