Fort Washington Investment Advisors Inc. OH Trims Holdings in Entergy Corporation $ETR

Fort Washington Investment Advisors Inc. OH lowered its stake in shares of Entergy Corporation (NYSE:ETR) by 13.5% in the third quarter, Holdings Channel reports. The institutional investor owned 528,403 shares of the utilities provider’s stock after selling 82,115 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Entergy were worth $49,242,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in ETR. Mattson Financial Services LLC grew its holdings in Entergy by 100.0% during 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. lifted its position in shares of Entergy by 135.7% during 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 last quarter. Capital A Wealth Management LLC grew its stake in Entergy by 5,466.7% in the second quarter. Capital A Wealth Management LLC now owns 334 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 328 shares in the last quarter. GoalVest Advisory LLC increased 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 valued at $29,000 after buying an additional 344 shares during the last quarter. Finally, Atlantic Union Bankshares Corp bought a new stake in Entergy in the second 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 brokerages have recently commented on ETR. JPMorgan Chase & Co. decreased their target price on Entergy from $113.00 to $108.00 and set an “overweight” rating for the company in a research report on Thursday, December 11th. Wells Fargo & Company raised shares of Entergy to a “strong-buy” rating in a report on Tuesday, October 28th. KeyCorp set a $102.00 target price on shares of Entergy and gave the stock an “overweight” rating in a report on Friday, December 12th. BTIG Research upgraded shares of Entergy to a “strong-buy” rating in a research report on Wednesday, October 22nd. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $104.00 price objective (up previously from $96.00) on shares of Entergy in a research report on Tuesday, October 14th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Entergy has an average rating of “Moderate Buy” and an average target price of $103.09.

Entergy Stock Up 0.2%

Entergy stock opened at $93.04 on Tuesday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.48 and a current ratio of 0.71. Entergy Corporation has a one year low of $74.72 and a one year high of $98.58. The company has a 50-day simple moving average of $94.65 and a 200-day simple moving average of $90.54. The firm has a market capitalization of $41.55 billion, a P/E ratio of 22.97, a P/E/G ratio of 2.33 and a beta of 0.62.

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

Entergy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Stockholders 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 dividend yield of 2.8%. The ex-dividend date was Thursday, November 13th. Entergy’s payout ratio is presently 63.21%.

Insider Buying and Selling

In other Entergy news, Director Ralph Lewis Ropp purchased 1,000 shares of Entergy stock in a transaction on Wednesday, November 12th. The stock was bought at an average price of $96.69 per share, for a total transaction of $96,690.00. Following the transaction, the director owned 1,050 shares of the company’s stock, valued at $101,524.50. The trade was a 2,000.00% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Haley Fisackerly sold 5,136 shares of the stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $96.50, for a total value of $495,624.00. Following the completion of the transaction, the insider directly owned 7,899 shares of the company’s stock, valued at approximately $762,253.50. The trade was a 39.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 10,179 shares of company stock valued at $981,707 in the last three months. 0.47% of the stock is currently owned by corporate insiders.

Entergy Profile

Entergy Corporation (NYSE:ETR) is an integrated energy company headquartered in New Orleans, Louisiana, that generates, transmits and distributes electricity. The company’s operations combine regulated utility services with competitive power production, supplying retail electricity to residential, commercial and industrial customers while also participating in wholesale energy markets. Entergy’s generation fleet includes nuclear, natural gas, hydropower and other resources, and it operates a network of transmission and distribution assets to deliver power to end users.

Entergy conducts its regulated utility business through state-based operating subsidiaries that serve customers across parts of Arkansas, Louisiana, Mississippi and southeast Texas.