Stanley Laman Group Ltd. Sells 7,654 Shares of Entergy Corporation $ETR

Stanley Laman Group Ltd. decreased its holdings in shares of Entergy Corporation (NYSE:ETR) by 7.5% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 93,937 shares of the utilities provider’s stock after selling 7,654 shares during the period. Entergy comprises approximately 1.2% of Stanley Laman Group Ltd.’s holdings, making the stock its 5th largest position. Stanley Laman Group Ltd.’s holdings in Entergy were worth $7,808,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of ETR. Mattson Financial Services LLC raised its holdings in Entergy by 100.0% during the first quarter. Mattson Financial Services LLC now owns 300 shares of the utilities provider’s stock worth $26,000 after buying an additional 150 shares during the last quarter. Atwood & Palmer Inc. raised its holdings in shares of Entergy by 135.7% in the second quarter. Atwood & Palmer Inc. now owns 330 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 190 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Entergy in the first quarter valued at about $28,000. Wayfinding Financial LLC purchased a new stake in shares of Entergy in the first quarter valued at about $32,000. Finally, Wellington Shields & Co. LLC purchased a new stake in shares of Entergy in the first quarter valued at about $34,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on ETR. Bank of America increased their target price on shares of Entergy from $88.00 to $97.00 and gave the company a “neutral” rating in a report on Thursday. Barclays set a $100.00 target price on shares of Entergy and gave the company an “overweight” rating in a report on Monday, October 6th. Morgan Stanley reduced their price target on shares of Entergy from $86.00 to $85.00 and set an “equal weight” rating for the company in a research report on Thursday, September 25th. Scotiabank set a $105.00 price target on shares of Entergy and gave the company an “outperform” rating in a research report on Friday, October 3rd. Finally, JPMorgan Chase & Co. increased their price target on shares of Entergy from $102.00 to $103.00 and gave the company an “overweight” rating in a research report on Thursday, August 21st. Twelve analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Entergy presently has a consensus rating of “Moderate Buy” and a consensus price target of $97.57.

Entergy Price Performance

Shares of NYSE:ETR opened at $95.80 on Friday. 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 $42.77 billion, a PE ratio of 23.86, a P/E/G ratio of 2.61 and a beta of 0.62. Entergy Corporation has a twelve month low of $66.75 and a twelve month high of $98.58. The company has a 50-day moving average price of $91.02 and a two-hundred day moving average price of $86.10.

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

Entergy Dividend Announcement

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

Insider Activity at Entergy

In other news, insider Haley Fisackerly sold 4,463 shares of the firm’s stock in a transaction that occurred on Thursday, July 31st. The shares were 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 approximately $300,279. This trade represents a 57.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.39% of the company’s stock.

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.