Thrivent Financial for Lutherans Has $159.59 Million Stock Holdings in Entergy Corporation $ETR

Thrivent Financial for Lutherans grew its stake in shares of Entergy Corporation (NYSE:ETR) by 2.9% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 1,920,035 shares of the utilities provider’s stock after acquiring an additional 54,531 shares during the quarter. Thrivent Financial for Lutherans owned about 0.43% of Entergy worth $159,594,000 as of its most recent SEC filing.

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

Insider Activity at Entergy

In related news, insider Haley Fisackerly sold 5,136 shares of the business’s stock in a transaction dated 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 sale, the insider directly owned 7,899 shares of the company’s stock, valued at $762,253.50. The trade was a 39.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Ralph Lewis Ropp acquired 1,000 shares of Entergy stock in a transaction on Wednesday, November 12th. The stock was purchased at an average cost of $96.69 per share, with a total value of $96,690.00. Following the purchase, the director directly owned 1,050 shares of the company’s stock, valued at approximately $101,524.50. This trade represents a 2,000.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold a total of 10,179 shares of company stock worth $981,707 in the last 90 days. Corporate insiders own 0.39% of the company’s stock.

Entergy Stock Down 1.1%

Entergy stock opened at $92.26 on Friday. The firm has a 50 day moving average price of $95.48 and a two-hundred day moving average price of $89.71. 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 52-week low of $73.15 and a 52-week high of $98.58. The firm has a market cap of $41.20 billion, a price-to-earnings ratio of 22.78, a PEG ratio of 2.32 and a beta of 0.62.

Entergy (NYSE:ETR) last announced its earnings results on Friday, July 8th. The utilities provider reported $0.71 earnings per share for the quarter. The business had revenue of $2.37 billion during the quarter. Entergy had a net margin of 14.26% and a return on equity of 11.53%. Equities analysts predict that Entergy Corporation will post 3.88 EPS 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 paid a $0.64 dividend. The ex-dividend date of this dividend was Thursday, November 13th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.8%. This is a positive change from Entergy’s previous quarterly dividend of $0.60. Entergy’s dividend payout ratio (DPR) is presently 63.21%.

Analysts Set New Price Targets

Several equities analysts have commented on ETR shares. Morgan Stanley set a $91.00 target price on Entergy in a research report on Thursday, November 20th. Evercore ISI raised their price objective on shares of Entergy from $98.00 to $101.00 and gave the company an “in-line” rating in a report on Thursday, October 30th. Scotiabank set a $105.00 target price on shares of Entergy and gave the stock an “outperform” rating in a report on Friday, October 3rd. Wells Fargo & Company upgraded shares of Entergy to a “strong-buy” rating in a research report on Tuesday, October 28th. Finally, Mizuho lifted their price target on shares of Entergy from $97.00 to $104.00 and gave the stock an “outperform” rating in a report on Monday, October 27th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.