Mustard Seed Financial LLC Takes Position in Entergy Corporation (NYSE:ETR)

Mustard Seed Financial LLC purchased a new position in shares of Entergy Corporation (NYSE:ETRFree Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,562 shares of the utilities provider’s stock, valued at approximately $219,000.

A number of other large investors have also modified their holdings of ETR. Brighton Jones LLC raised its holdings 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 valued at $696,000 after buying an additional 6,733 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in Entergy in the 4th quarter valued at approximately $13,554,000. Bessemer Group Inc. raised its stake in Entergy by 97.5% during the 4th quarter. Bessemer Group Inc. now owns 56,525 shares of the utilities provider’s stock valued at $4,286,000 after acquiring an additional 27,904 shares in the last quarter. LSV Asset Management boosted its position in Entergy by 51.3% during the 4th quarter. LSV Asset Management now owns 173,000 shares of the utilities provider’s stock worth $13,117,000 after acquiring an additional 58,660 shares during the period. Finally, Glass Jacobson Investment Advisors llc acquired a new position in Entergy during the 4th quarter worth $29,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ETR. Barclays lowered their price target on Entergy from $91.00 to $87.00 and set an “overweight” rating on the stock in a report on Thursday, July 10th. Raymond James Financial initiated coverage on shares of Entergy in a research note on Friday, June 13th. They set a “market perform” rating on the stock. BMO Capital Markets boosted their price target on shares of Entergy from $89.00 to $93.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 30th. JPMorgan Chase & Co. increased their price objective on shares of Entergy from $100.00 to $102.00 and gave the company an “overweight” rating in a report on Tuesday, July 15th. Finally, Mizuho set a $97.00 price target on Entergy and gave the company an “outperform” rating in a research note on Thursday, July 31st. Six research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $88.07.

Check Out Our Latest Stock Analysis on ETR

Entergy Stock Performance

Shares of NYSE ETR opened at $90.44 on Monday. The stock’s fifty day simple moving average is $84.36 and its 200 day simple moving average is $83.50. The stock has a market capitalization of $40.37 billion, a price-to-earnings ratio of 22.53, a PEG ratio of 2.46 and a beta of 0.57. The company has a quick ratio of 0.52, a current ratio of 0.80 and a debt-to-equity ratio of 1.73. Entergy Corporation has a 52-week low of $57.65 and a 52-week high of $92.40.

Entergy (NYSE:ETRGet Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The utilities provider reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.14. Entergy had a return on equity of 11.52% and a net margin of 14.35%. The firm had revenue of $3.02 billion for the quarter, compared to analysts’ expectations of $3.11 billion. During the same quarter last year, the business posted $1.92 EPS. As a group, sell-side analysts forecast that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Wednesday, August 13th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Wednesday, August 13th. This represents a $2.40 dividend on an annualized basis and a yield of 2.7%. Entergy’s dividend payout ratio (DPR) is currently 59.85%.

Insider Buying and Selling

In other Entergy news, insider Haley Fisackerly sold 4,463 shares of Entergy stock in a transaction that occurred 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 in the company, valued at approximately $300,279. The trade was a 57.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.47% of the company’s stock.

Entergy Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Entergy (NYSE:ETR)

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