Illinois Municipal Retirement Fund Decreases Holdings in Entergy Corporation $ETR

Illinois Municipal Retirement Fund lowered its position in Entergy Corporation (NYSE:ETR) by 7.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 177,848 shares of the utilities provider’s stock after selling 14,257 shares during the period. Illinois Municipal Retirement Fund’s holdings in Entergy were worth $14,783,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ETR. Mattson Financial Services LLC grew its holdings in Entergy by 100.0% in the first quarter. Mattson Financial Services LLC now owns 300 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 150 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Entergy in the 1st quarter worth about $28,000. Atwood & Palmer Inc. grew its stake in Entergy by 135.7% in the 2nd quarter. Atwood & Palmer Inc. now owns 330 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 190 shares during the last quarter. GoalVest Advisory LLC grew its stake in Entergy by 5,733.3% in the 2nd quarter. GoalVest Advisory LLC now owns 350 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 344 shares during the last quarter. Finally, Atlantic Union Bankshares Corp purchased a new position in Entergy during the 2nd quarter valued at about $30,000. 88.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Royal Bank Of Canada raised shares of Entergy to a “moderate buy” rating in a report on Tuesday, October 28th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $104.00 target price (up previously from $96.00) on shares of Entergy in a research note on Tuesday, October 14th. Evercore ISI raised their price target on Entergy from $98.00 to $101.00 and gave the stock an “in-line” rating in a research report on Thursday, October 30th. Mizuho boosted their price target on Entergy from $97.00 to $104.00 and gave the stock an “outperform” rating in a report on Monday, October 27th. Finally, Barclays set a $100.00 price objective on Entergy and gave the company an “overweight” rating in a research note on Monday, October 6th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Entergy has an average rating of “Moderate Buy” and a consensus target price of $102.37.

Entergy Price Performance

ETR stock opened at $97.16 on Tuesday. The stock has a market capitalization of $43.39 billion, a price-to-earnings ratio of 23.99, a price-to-earnings-growth ratio of 2.40 and a beta of 0.63. The company has a quick ratio of 0.52, a current ratio of 0.71 and a debt-to-equity ratio of 1.62. Entergy Corporation has a 52-week low of $73.15 and a 52-week high of $98.58. The stock’s fifty day simple moving average is $93.24 and its 200-day simple moving average is $87.79.

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

Entergy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Thursday, November 13th will be given a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a yield of 2.6%. This is a positive change from Entergy’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Thursday, November 13th. Entergy’s dividend payout ratio (DPR) is currently 63.21%.

Insider Activity at Entergy

In other Entergy news, insider Haley Fisackerly sold 5,136 shares of the stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $96.50, for a total transaction of $495,624.00. Following the transaction, the insider 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Anastasia Minor sold 5,000 shares of the business’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $96.39, for a total transaction of $481,950.00. Following the sale, the insider directly owned 10,122 shares of the company’s stock, valued at $975,659.58. This represents a 33.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 10,324 shares of company stock valued at $994,902 in 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.