Inman Jager Wealth Management LLC Grows Position in Entergy Corporation $ETR

Inman Jager Wealth Management LLC increased its position in shares of Entergy Corporation (NYSE:ETR) by 4.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 16,195 shares of the utilities provider’s stock after buying an additional 666 shares during the period. Inman Jager Wealth Management LLC’s holdings in Entergy were worth $1,346,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in ETR. Brighton Jones LLC increased its stake in shares of Entergy by 275.6% during the fourth quarter. Brighton Jones LLC now owns 9,176 shares of the utilities provider’s stock worth $696,000 after buying an additional 6,733 shares during the period. Farther Finance Advisors LLC increased its stake in shares of Entergy by 127.1% during the first quarter. Farther Finance Advisors LLC now owns 5,471 shares of the utilities provider’s stock worth $469,000 after buying an additional 3,062 shares during the period. GAMMA Investing LLC increased its stake in shares of Entergy by 9.8% during the first quarter. GAMMA Investing LLC now owns 15,530 shares of the utilities provider’s stock worth $1,328,000 after buying an additional 1,390 shares during the period. CX Institutional purchased a new stake in shares of Entergy during the first quarter worth approximately $213,000. Finally, Focus Financial Network Inc. increased its stake in shares of Entergy by 5.3% during the first quarter. Focus Financial Network Inc. now owns 4,352 shares of the utilities provider’s stock worth $372,000 after buying an additional 218 shares during the period. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Entergy

In other news, insider Haley Fisackerly sold 4,463 shares of the company’s 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 completion of the sale, the insider owned 3,318 shares in the company, valued at $300,279. This represents a 57.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.39% of the stock is owned by company insiders.

Entergy Price Performance

Shares of NYSE ETR opened at $95.19 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.52 and a debt-to-equity ratio of 1.73. Entergy Corporation has a twelve month low of $64.72 and a twelve month high of $98.58. The stock has a 50 day moving average of $90.45 and a two-hundred day moving average of $85.71. The stock has a market cap of $42.49 billion, a P/E ratio of 23.71, a P/E/G ratio of 2.59 and a beta of 0.62.

Entergy (NYSE:ETR) last issued 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 11.52% and a net margin of 14.35%.The company had revenue of $2.37 billion during the quarter. On average, research analysts forecast that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Barclays set a $100.00 target price on Entergy and gave the stock an “overweight” rating in a research note on Monday, October 6th. Morgan Stanley decreased their target price on Entergy from $86.00 to $85.00 and set an “equal weight” rating for the company in a research note on Thursday, September 25th. Scotiabank set a $105.00 target price on Entergy and gave the stock an “outperform” rating in a research note on Friday, October 3rd. Weiss Ratings restated a “buy (b)” rating on shares of Entergy in a research note on Wednesday. Finally, Jefferies Financial Group assumed coverage on Entergy in a research note on Thursday, September 4th. They set a “buy” rating and a $109.00 target price for the company. Thirteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $93.00.

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.