Apollon Wealth Management LLC Has $700,000 Holdings in Entergy Corporation $ETR

Apollon Wealth Management LLC increased its position in shares of Entergy Corporation (NYSE:ETR) by 17.9% during the second quarter, Holdings Channel reports. The fund owned 8,427 shares of the utilities provider’s stock after acquiring an additional 1,277 shares during the quarter. Apollon Wealth Management LLC’s holdings in Entergy were worth $700,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Mattson Financial Services LLC raised its holdings in shares of 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 period. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Entergy during the first quarter valued at approximately $28,000. Atwood & Palmer Inc. raised its holdings in shares of Entergy by 135.7% during the second quarter. Atwood & Palmer Inc. now owns 330 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 190 shares during the period. Grove Bank & Trust raised its holdings in shares of Entergy by 188.5% during the first quarter. Grove Bank & Trust now owns 352 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 230 shares during the period. Finally, Wayfinding Financial LLC acquired a new stake in shares of Entergy during the first quarter valued at approximately $32,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

Insider Buying and Selling

In other Entergy news, insider Haley Fisackerly sold 4,463 shares of the stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $90.50, for a total transaction of $403,901.50. Following the transaction, the insider directly owned 3,318 shares of the company’s stock, valued at $300,279. This represents a 57.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.39% of the stock is owned by insiders.

Entergy Trading Up 1.0%

Entergy stock opened at $97.67 on Thursday. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.80 and a quick ratio of 0.52. The company has a market capitalization of $43.60 billion, a price-to-earnings ratio of 24.33, a PEG ratio of 2.63 and a beta of 0.62. Entergy Corporation has a one year low of $66.71 and a one year high of $98.58. The company’s fifty day moving average price is $90.80 and its two-hundred day moving average price is $85.96.

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

Entergy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Wednesday, August 13th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Wednesday, August 13th. Entergy’s dividend payout ratio is presently 59.85%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on ETR. Evercore ISI set a $98.00 price target on shares of Entergy and gave the company an “in-line” rating in a report on Monday, October 6th. Mizuho set a $97.00 price objective on shares of Entergy and gave the company an “outperform” rating in a research note on Thursday, July 31st. BMO Capital Markets reiterated an “outperform” rating and issued a $104.00 price objective (up previously from $96.00) on shares of Entergy in a research note on Tuesday. Weiss Ratings reiterated a “buy (b)” rating on shares of Entergy in a research note on Wednesday, October 8th. Finally, Jefferies Financial Group assumed coverage on shares of Entergy in a research note on Thursday, September 4th. They issued a “buy” rating and a $109.00 price objective on the stock. Twelve investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $96.14.

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.