IFP Advisors Inc Purchases 6,327 Shares of Entergy Corporation $ETR

IFP Advisors Inc grew its position in Entergy Corporation (NYSE:ETR) by 22.0% during the second quarter, HoldingsChannel.com reports. The firm owned 35,086 shares of the utilities provider’s stock after buying an additional 6,327 shares during the quarter. IFP Advisors Inc’s holdings in Entergy were worth $2,928,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Choreo LLC raised its holdings in Entergy by 12.3% during the first 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 bought a new stake in Entergy during the first quarter worth about $3,896,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Entergy by 26.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 96,142 shares of the utilities provider’s stock worth $8,219,000 after acquiring an additional 19,862 shares in the last quarter. Zurich Insurance Group Ltd FI bought a new stake in Entergy during the first quarter worth about $32,658,000. Finally, Empowered Funds LLC raised its holdings in Entergy by 369.8% during the first 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. 88.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on ETR. Scotiabank set a $105.00 target price on Entergy and gave the stock an “outperform” rating in a report on Friday, October 3rd. Mizuho set a $97.00 target price on Entergy and gave the stock an “outperform” rating in a report on Thursday, July 31st. JPMorgan Chase & Co. upped their target price on Entergy from $102.00 to $103.00 and gave the stock an “overweight” rating in a report on Thursday, August 21st. Jefferies Financial Group began coverage on Entergy in a report on Thursday, September 4th. They set a “buy” rating and a $109.00 target price on the stock. Finally, KeyCorp restated an “overweight” rating and issued a $96.00 price objective (up previously from $88.00) on shares of Entergy in a research note on Thursday, July 31st. Thirteen investment analysts have rated the stock with a Buy rating and four have given 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 target price of $93.00.

Entergy Price Performance

NYSE:ETR opened at $95.19 on Friday. The company has a quick ratio of 0.52, a current ratio of 0.80 and a debt-to-equity ratio of 1.73. The stock’s 50 day moving average price is $90.45 and its two-hundred day moving average price is $85.70. The firm has a market capitalization of $42.49 billion, a price-to-earnings ratio of 23.71, a P/E/G ratio of 2.60 and a beta of 0.62. Entergy Corporation has a 12-month low of $64.72 and a 12-month high of $98.58.

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

Entergy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Wednesday, August 13th were paid a dividend of $0.60 per share. The ex-dividend date was Wednesday, August 13th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.5%. Entergy’s dividend payout ratio (DPR) is 59.85%.

Insider Buying and Selling at Entergy

In other news, insider Haley Fisackerly sold 4,463 shares of the stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $90.50, for a total transaction of $403,901.50. Following the transaction, the insider owned 3,318 shares in the company, valued at approximately $300,279. This trade represents a 57.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.39% of the company’s stock.

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.