Vise Technologies Inc. Acquires New Stake in Entergy Corporation $ETR

Vise Technologies Inc. purchased a new stake in Entergy Corporation (NYSE:ETR) during the 2nd quarter, HoldingsChannel reports. The fund purchased 8,889 shares of the utilities provider’s stock, valued at approximately $739,000.

Several other institutional investors also recently modified their holdings of the stock. Mesirow Financial Investment Management Inc. grew its stake in Entergy by 3.1% in the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 3,864 shares of the utilities provider’s stock worth $321,000 after buying an additional 116 shares in the last quarter. DekaBank Deutsche Girozentrale raised its holdings in shares of Entergy by 0.3% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 41,397 shares of the utilities provider’s stock valued at $3,377,000 after buying an additional 118 shares in the last quarter. My Legacy Advisors LLC grew its position in Entergy by 0.8% during the second quarter. My Legacy Advisors LLC now owns 16,576 shares of the utilities provider’s stock valued at $1,361,000 after acquiring an additional 128 shares during the last quarter. New Hampshire Trust lifted its holdings in shares of Entergy by 3.6% in the 2nd quarter. New Hampshire Trust now owns 4,103 shares of the utilities provider’s stock worth $341,000 after acquiring an additional 141 shares during the last quarter. Finally, Mattson Financial Services LLC grew its holdings in shares of Entergy by 100.0% during the 1st 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. 88.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on ETR shares. Royal Bank Of Canada upgraded Entergy to a “moderate buy” rating in a report on Tuesday, October 28th. Scotiabank set a $105.00 price target on Entergy and gave the company an “outperform” rating in a report on Friday, October 3rd. Jefferies Financial Group started coverage on Entergy in a report on Thursday, September 4th. They set a “buy” rating and a $109.00 target price for the company. Evercore ISI upped their price objective on shares of Entergy from $98.00 to $101.00 and gave the stock an “in-line” rating in a report on Thursday, October 30th. Finally, Mizuho lifted their price target on Entergy from $97.00 to $104.00 and gave the company an “outperform” rating in a research report on Monday, October 27th. Two research 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. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $102.37.

Insiders Place Their Bets

In other Entergy news, insider Anastasia Minor sold 5,000 shares of the stock in a transaction that occurred 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 completion of the sale, the insider directly owned 10,122 shares of the company’s stock, valued at $975,659.58. This trade represents a 33.06% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Ralph Lewis Ropp acquired 1,000 shares of Entergy stock in a transaction dated Wednesday, November 12th. The shares were 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 approximately $101,524.50. The trade was a 2,000.00% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have sold 10,179 shares of company stock worth $981,707. Company insiders own 0.47% of the company’s stock.

Entergy Stock Down 2.2%

ETR stock opened at $94.43 on Friday. 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 $93.75 and a 200-day moving average price of $87.99. The stock has a market capitalization of $42.17 billion, a P/E ratio of 23.32, a P/E/G ratio of 2.40 and a beta of 0.63. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.71 and a quick ratio of 0.52.

Entergy (NYSE:ETR) last released 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 during the quarter. Entergy had a net margin of 14.26% and a return on equity of 11.53%. Equities analysts forecast that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Thursday, November 13th will be paid a $0.64 dividend. This represents a $2.56 annualized dividend and a dividend yield of 2.7%. This is an increase 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 is 63.21%.

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.