Stratos Wealth Partners LTD. Has $1.17 Million Holdings in Entergy Corporation $ETR

Stratos Wealth Partners LTD. grew its stake in Entergy Corporation (NYSE:ETR) by 7.5% in the second quarter, Holdings Channel.com reports. The institutional investor owned 14,110 shares of the utilities provider’s stock after buying an additional 981 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Entergy were worth $1,173,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in ETR. Mattson Financial Services LLC lifted its position in shares of Entergy by 100.0% during the 1st quarter. Mattson Financial Services LLC now owns 300 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 150 shares during the last quarter. Atwood & Palmer Inc. lifted its position in shares of Entergy by 135.7% during the 2nd quarter. Atwood & Palmer Inc. now owns 330 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 190 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Entergy during the 1st quarter worth about $28,000. Wayfinding Financial LLC acquired a new position in shares of Entergy during the 1st quarter worth about $32,000. Finally, Wellington Shields & Co. LLC acquired a new position in shares of Entergy during the 1st quarter worth about $34,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

Insider Buying and Selling 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 value of $403,901.50. Following the sale, the insider directly owned 3,318 shares in the company, valued at approximately $300,279. This represents a 57.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Barclays set a $100.00 price objective on Entergy and gave the stock an “overweight” rating in a research report on Monday, October 6th. Weiss Ratings reissued a “buy (b)” rating on shares of Entergy in a research report on Wednesday, October 8th. Morgan Stanley lowered their price target on Entergy from $86.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 25th. Mizuho set a $97.00 price target on Entergy and gave the company an “outperform” rating in a research note on Thursday, July 31st. 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 price target on the stock. Thirteen equities research 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, Entergy presently has a consensus rating of “Moderate Buy” and a consensus target price of $98.47.

Entergy Trading Down 1.1%

Shares of ETR opened at $95.65 on Wednesday. Entergy Corporation has a 12-month low of $66.75 and a 12-month high of $98.58. 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 firm has a market capitalization of $42.70 billion, a price-to-earnings ratio of 23.82, a P/E/G ratio of 2.44 and a beta of 0.62. The stock’s 50-day moving average price is $91.25 and its 200 day moving average price is $86.29.

Entergy (NYSE:ETR) last released 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 for the quarter. As a group, research analysts predict that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Announces Dividend

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

Entergy Company 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.