ExodusPoint Capital Management LP lifted its holdings in Entergy Corporation (NYSE:ETR – Free Report) by 25.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 460,790 shares of the utilities provider’s stock after purchasing an additional 93,271 shares during the period. Entergy accounts for about 0.3% of ExodusPoint Capital Management LP’s investment portfolio, making the stock its 27th biggest holding. ExodusPoint Capital Management LP’s holdings in Entergy were worth $42,591,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of ETR. United Community Bank lifted its stake in shares of Entergy by 806.7% in the 4th quarter. United Community Bank now owns 272 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 242 shares during the last quarter. Washington Trust Advisors Inc. lifted its stake in shares of Entergy by 119.4% in the 4th quarter. Washington Trust Advisors Inc. now owns 283 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 154 shares during the last quarter. Valley National Advisers Inc. lifted its stake in shares of Entergy by 306.0% in the 4th quarter. Valley National Advisers Inc. now owns 341 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 257 shares during the last quarter. Sarver Vrooman Wealth Advisors acquired a new position in Entergy during the 4th quarter worth $37,000. Finally, JFS Wealth Advisors LLC lifted its position in Entergy by 46.1% during the 3rd quarter. JFS Wealth Advisors LLC now owns 412 shares of the utilities provider’s stock worth $38,000 after acquiring an additional 130 shares during the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.
Entergy Stock Up 1.3%
Shares of ETR opened at $112.47 on Wednesday. The company has a 50-day simple moving average of $112.33 and a 200-day simple moving average of $103.69. The firm has a market capitalization of $51.50 billion, a P/E ratio of 28.69, a P/E/G ratio of 1.90 and a beta of 0.50. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.73 and a current ratio of 0.96. Entergy Corporation has a 52 week low of $80.11 and a 52 week high of $118.44.
Entergy Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 1st were given a dividend of $0.64 per share. The ex-dividend date of this dividend was Friday, May 1st. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.3%. Entergy’s dividend payout ratio is currently 65.31%.
Analyst Ratings Changes
ETR has been the subject of a number of research analyst reports. Citigroup reissued a “neutral” rating and set a $121.00 target price (up from $116.00) on shares of Entergy in a research report on Tuesday, May 5th. Evercore set a $123.00 price objective on Entergy in a research report on Wednesday, June 10th. BTIG Research reissued a “buy” rating and set a $126.00 price objective on shares of Entergy in a research report on Wednesday, June 10th. Mizuho set a $122.00 price objective on Entergy and gave the stock an “outperform” rating in a research report on Wednesday, June 10th. Finally, Morgan Stanley set a $94.00 price objective on Entergy in a research report on Thursday, May 21st. Seventeen equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $119.68.
Get Our Latest Analysis on ETR
Insider Activity at Entergy
In other news, insider Haley Fisackerly sold 10,638 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $110.00, for a total transaction of $1,170,180.00. Following the completion of the transaction, the insider owned 14,182 shares of the company’s stock, valued at approximately $1,560,020. This represents a 42.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.21% of the company’s stock.
Entergy Profile
Entergy Corporation (NYSE:ETR) is an integrated energy company headquartered in New Orleans, Louisiana, that generates, transmits and distributes electricity. The company’s operations combine regulated utility services with competitive power production, supplying retail electricity to residential, commercial and industrial customers while also participating in wholesale energy markets. Entergy’s generation fleet includes nuclear, natural gas, hydropower and other resources, and it operates a network of transmission and distribution assets to deliver power to end users.
Entergy conducts its regulated utility business through state-based operating subsidiaries that serve customers across parts of Arkansas, Louisiana, Mississippi and southeast Texas.
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