Empowered Funds LLC Buys 13,697 Shares of Entergy Corporation $ETR

Empowered Funds LLC lifted its position in Entergy Corporation (NYSE:ETR) by 15.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 99,698 shares of the utilities provider’s stock after purchasing an additional 13,697 shares during the period. Empowered Funds LLC’s holdings in Entergy were worth $8,287,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Choreo LLC lifted its stake in Entergy by 12.3% in the first quarter. Choreo LLC now owns 9,546 shares of the utilities provider’s stock worth $816,000 after acquiring an additional 1,042 shares during the period. First American Trust FSB purchased a new position in Entergy during the 1st quarter valued at about $3,896,000. Zurich Insurance Group Ltd FI bought a new stake in shares of Entergy in the 1st quarter valued at about $32,658,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Entergy by 26.0% in 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 period. Finally, G&S Capital LLC bought a new position in shares of Entergy during the second quarter valued at approximately $2,557,000. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Entergy Stock Down 0.4%

Entergy stock opened at $94.03 on Thursday. Entergy Corporation has a 1-year low of $73.15 and a 1-year high of $98.58. The business has a fifty day moving average price of $94.33 and a 200-day moving average price of $88.32. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.71 and a quick ratio of 0.52. The stock has a market capitalization of $42.00 billion, a price-to-earnings ratio of 23.22, a PEG ratio of 2.40 and a beta of 0.63.

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

Entergy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Thursday, November 13th will be paid a $0.64 dividend. This is a boost from Entergy’s previous quarterly dividend of $0.60. The ex-dividend date is Thursday, November 13th. This represents a $2.56 dividend on an annualized basis and a yield of 2.7%. Entergy’s dividend payout ratio (DPR) is 63.21%.

Analyst Ratings Changes

ETR has been the subject of a number of recent research reports. BMO Capital Markets reissued an “outperform” rating and issued a $104.00 price objective (up previously from $96.00) on shares of Entergy in a research note on Tuesday, October 14th. Wells Fargo & Company raised Entergy to a “strong-buy” rating in a research report on Tuesday, October 28th. BTIG Research upgraded Entergy to a “strong-buy” rating in a research note on Wednesday, October 22nd. Royal Bank Of Canada upgraded Entergy to a “moderate buy” rating in a research note on Tuesday, October 28th. Finally, Citigroup boosted their target price on shares of Entergy from $91.00 to $106.00 and gave the stock a “neutral” rating in a report on Tuesday. Two 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 stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $102.59.

Insiders Place Their Bets

In related news, Director Ralph Lewis Ropp purchased 1,000 shares of the business’s stock in a transaction on Wednesday, November 12th. The shares were acquired at an average price of $96.69 per share, for a total transaction of $96,690.00. Following the purchase, the director owned 1,050 shares of the company’s stock, valued at $101,524.50. This trade represents a 2,000.00% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Haley Fisackerly sold 5,136 shares of the firm’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $96.50, for a total transaction 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. This represents a 39.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 10,179 shares of company stock valued at $981,707. 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.