Hudson Bay Capital Management LP Grows Stock Holdings in Entergy Corporation $ETR

Hudson Bay Capital Management LP grew its position in Entergy Corporation (NYSE:ETR) by 116.1% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 374,935 shares of the utilities provider’s stock after buying an additional 201,406 shares during the period. Hudson Bay Capital Management LP owned 0.08% of Entergy worth $31,165,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. HB Wealth Management LLC increased its holdings in shares of Entergy by 15.2% during the second quarter. HB Wealth Management LLC now owns 22,271 shares of the utilities provider’s stock valued at $1,851,000 after acquiring an additional 2,932 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Entergy by 26.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 96,142 shares of the utilities provider’s stock worth $8,219,000 after purchasing an additional 19,862 shares during the last quarter. Zurich Insurance Group Ltd FI acquired a new position in Entergy during the 1st quarter valued at approximately $32,658,000. Empowered Funds LLC raised its holdings in shares of Entergy by 369.8% in the first quarter. Empowered Funds LLC now owns 86,001 shares of the utilities provider’s stock worth $7,352,000 after buying an additional 67,696 shares during the last quarter. Finally, G&S Capital LLC purchased a new position in shares of Entergy in the second quarter worth $2,557,000. Institutional investors own 88.07% of the company’s stock.

Entergy Stock Down 1.1%

Entergy stock opened at $92.26 on Friday. The business’s 50-day moving average price is $95.48 and its 200 day moving average price is $89.71. The company has a quick ratio of 0.48, a current ratio of 0.71 and a debt-to-equity ratio of 1.62. The firm has a market cap of $41.20 billion, a price-to-earnings ratio of 22.78, a price-to-earnings-growth ratio of 2.32 and a beta of 0.62. Entergy Corporation has a 52 week low of $73.15 and a 52 week high of $98.58.

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

Entergy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Thursday, November 13th were given 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 annualized dividend and a yield of 2.8%. The ex-dividend date was Thursday, November 13th. Entergy’s dividend payout ratio (DPR) is 63.21%.

Insider Buying and Selling at Entergy

In other Entergy news, insider Haley Fisackerly sold 5,136 shares of the company’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $96.50, for a total value of $495,624.00. Following the completion of the transaction, the insider owned 7,899 shares in the company, valued at approximately $762,253.50. This represents a 39.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Anastasia Minor sold 5,000 shares of the stock in a transaction dated Tuesday, November 4th. The stock was 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 in the company, valued at approximately $975,659.58. The trade was a 33.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 10,179 shares of company stock valued at $981,707. Corporate insiders own 0.39% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ETR. Mizuho upped their target price on Entergy from $97.00 to $104.00 and gave the company an “outperform” rating in a research report on Monday, October 27th. Jefferies Financial Group initiated coverage on Entergy in a report on Thursday, September 4th. They issued a “buy” rating and a $109.00 price objective on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Entergy in a research note on Wednesday, October 8th. Scotiabank set a $105.00 target price on Entergy and gave the company an “outperform” rating in a research report on Friday, October 3rd. Finally, JPMorgan Chase & Co. reduced their price target on shares of Entergy from $113.00 to $108.00 and set an “overweight” rating for the company in a research report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $102.53.

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.