Cookson Peirce & Co. Inc. Purchases 1,328 Shares of Entergy Corporation $ETR

Cookson Peirce & Co. Inc. lifted its position in shares of Entergy Corporation (NYSE:ETR) by 7.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,201 shares of the utilities provider’s stock after buying an additional 1,328 shares during the quarter. Cookson Peirce & Co. Inc.’s holdings in Entergy were worth $1,513,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in ETR. Brighton Jones LLC boosted its position in Entergy by 275.6% during the fourth quarter. Brighton Jones LLC now owns 9,176 shares of the utilities provider’s stock valued at $696,000 after purchasing an additional 6,733 shares in the last quarter. GAMMA Investing LLC boosted its position in Entergy by 9.8% during the first quarter. GAMMA Investing LLC now owns 15,530 shares of the utilities provider’s stock valued at $1,328,000 after purchasing an additional 1,390 shares in the last quarter. PFG Investments LLC bought a new stake in Entergy during the first quarter valued at about $202,000. Cambridge Investment Research Advisors Inc. boosted its position in Entergy by 25.4% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 78,470 shares of the utilities provider’s stock valued at $6,708,000 after purchasing an additional 15,892 shares in the last quarter. Finally, Asset Management One Co. Ltd. boosted its position in Entergy by 0.9% during the first quarter. Asset Management One Co. Ltd. now owns 178,979 shares of the utilities provider’s stock valued at $15,301,000 after purchasing an additional 1,526 shares in the last quarter. Institutional investors own 88.07% of the company’s stock.

Insider Activity

In other news, insider Haley Fisackerly sold 4,463 shares of the firm’s stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $90.50, for a total value of $403,901.50. Following the completion of the transaction, the insider directly owned 3,318 shares in the company, valued at $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 SEC, which is available through the SEC website. 0.39% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on ETR. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Entergy in a research report on Wednesday, October 8th. KeyCorp reiterated an “overweight” rating and issued a $106.00 price target (up from $96.00) on shares of Entergy in a research note on Wednesday, October 15th. Evercore ISI set a $98.00 price target on Entergy and gave the company an “in-line” rating in a research note on Monday, October 6th. Jefferies Financial Group started coverage on Entergy in a research note on Thursday, September 4th. They issued a “buy” rating and a $109.00 price target for the company. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $104.00 price target (up from $96.00) on shares of Entergy in a research note on Tuesday, October 14th. Fourteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $99.00.

Entergy Trading Up 0.3%

Shares of NYSE:ETR opened at $95.99 on Thursday. Entergy Corporation has a 52-week low of $66.85 and a 52-week high of $98.58. The stock has a market cap of $42.85 billion, a price-to-earnings ratio of 23.91, a PEG ratio of 2.41 and a beta of 0.62. 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 business has a 50-day moving average price of $91.35 and a 200-day moving average price of $86.36.

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

Entergy Announces Dividend

The company 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 (DPR) is presently 59.85%.

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.