Entergy Corporation $ETR Position Reduced by Eisler Capital Management Ltd.

Eisler Capital Management Ltd. trimmed its position in Entergy Corporation (NYSE:ETR) by 70.4% in the second quarter, Holdings Channel reports. The firm owned 2,501 shares of the utilities provider’s stock after selling 5,945 shares during the quarter. Eisler Capital Management Ltd.’s holdings in Entergy were worth $208,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mattson Financial Services LLC grew its position in shares of Entergy by 100.0% in the 1st quarter. Mattson Financial Services LLC now owns 300 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 150 shares in the last quarter. Atwood & Palmer Inc. boosted its holdings in Entergy by 135.7% in the second 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 period. GoalVest Advisory LLC boosted its holdings in Entergy by 5,733.3% in the second quarter. GoalVest Advisory LLC now owns 350 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 344 shares during the period. Atlantic Union Bankshares Corp bought a new stake in Entergy during the second quarter valued at $30,000. Finally, Legacy Investment Solutions LLC acquired a new stake in shares of Entergy during the second quarter worth $31,000. 88.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ETR. Royal Bank Of Canada raised shares of Entergy to a “moderate buy” rating in a research report on Tuesday, October 28th. Jefferies Financial Group assumed coverage on Entergy in a report on Thursday, September 4th. They set a “buy” rating and a $109.00 target price for the company. Bank of America increased their price target on Entergy from $88.00 to $97.00 and gave the stock a “neutral” rating in a research report on Thursday, October 16th. Citigroup boosted their price objective on Entergy from $91.00 to $106.00 and gave the company a “neutral” rating in a research report on Tuesday, November 18th. Finally, Evercore ISI increased their target price on Entergy from $98.00 to $101.00 and gave the stock an “in-line” rating in a research report on Thursday, October 30th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $102.47.

Entergy Stock Up 2.1%

Shares of ETR stock opened at $95.67 on Tuesday. Entergy Corporation has a 1 year low of $73.15 and a 1 year high of $98.58. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.52 and a current ratio of 0.71. The business’s fifty day moving average is $94.57 and its 200-day moving average is $88.56. The stock has a market cap of $42.73 billion, a PE ratio of 23.62, a price-to-earnings-growth ratio of 2.40 and a beta of 0.63.

Entergy (NYSE:ETR) last announced its quarterly earnings data on Friday, July 8th. The utilities provider reported $0.71 earnings per share for the quarter. The business had revenue of $2.37 billion during the quarter. Entergy had a return on equity of 11.53% and a net margin of 14.26%. Equities analysts expect that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Thursday, November 13th will be paid a dividend of $0.64 per share. This is a boost from Entergy’s previous quarterly dividend of $0.60. This represents a $2.56 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Thursday, November 13th. Entergy’s payout ratio is currently 63.21%.

Insiders Place Their Bets

In other Entergy news, Director Ralph Lewis Ropp acquired 1,000 shares of Entergy stock in a transaction that occurred on Wednesday, November 12th. The stock was purchased at an average cost of $96.69 per share, with a total value of $96,690.00. Following the purchase, the director owned 1,050 shares in the company, valued at approximately $101,524.50. The trade was a 2,000.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Haley Fisackerly sold 5,136 shares of the stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $96.50, for a total transaction of $495,624.00. Following the completion of the sale, the insider directly owned 7,899 shares of the company’s stock, valued at $762,253.50. This trade represents a 39.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 10,179 shares of company stock worth $981,707 over the last ninety days. 0.39% of the stock is currently owned by company insiders.

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.