Entergy Corporation $ETR Stock Holdings Boosted by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC grew its holdings in Entergy Corporation (NYSE:ETR) by 11.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 65,975 shares of the utilities provider’s stock after purchasing an additional 6,907 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Entergy were worth $5,484,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Mattson Financial Services LLC lifted its holdings in shares of Entergy by 100.0% in the first 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 in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Entergy in the first quarter valued at $28,000. Atwood & Palmer Inc. lifted its holdings in shares of Entergy by 135.7% in the second quarter. Atwood & Palmer Inc. now owns 330 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 190 shares in the last quarter. Grove Bank & Trust lifted its holdings in shares of Entergy by 188.5% in the first quarter. Grove Bank & Trust now owns 352 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 230 shares in the last quarter. Finally, Wayfinding Financial LLC purchased a new stake in shares of Entergy in the first quarter valued at $32,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on ETR. Weiss Ratings restated a “buy (b)” rating on shares of Entergy in a report on Wednesday, October 8th. Mizuho set a $97.00 price objective on Entergy and gave the stock an “outperform” rating in a report on Thursday, July 31st. Morgan Stanley cut their price objective on Entergy from $86.00 to $85.00 and set an “equal weight” rating for the company in a report on Thursday, September 25th. Barclays set a $100.00 price objective on Entergy and gave the stock an “overweight” rating in a report on Monday, October 6th. Finally, Jefferies Financial Group started coverage on Entergy in a report on Thursday, September 4th. They set a “buy” rating and a $109.00 price objective for the company. Twelve analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Entergy has a consensus rating of “Moderate Buy” and an average target price of $94.64.

Insider Activity

In other news, insider Haley Fisackerly sold 4,463 shares of the firm’s stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $90.50, for a total value of $403,901.50. Following the sale, the insider directly owned 3,318 shares of the company’s stock, valued at approximately $300,279. This trade represents a 57.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.47% of the company’s stock.

Entergy Price Performance

NYSE ETR opened at $95.70 on Tuesday. Entergy Corporation has a fifty-two week low of $65.30 and a fifty-two week high of $98.58. The stock’s 50-day moving average is $90.53 and its two-hundred day moving average is $85.80. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.80 and a quick ratio of 0.52. The firm has a market cap of $42.72 billion, a P/E ratio of 23.83, a price-to-earnings-growth ratio of 2.59 and a beta of 0.62.

Entergy (NYSE:ETR) last posted its earnings results on Friday, July 8th. The utilities provider reported $0.71 earnings per share for the quarter. Entergy had a return on equity of 11.52% and a net margin of 14.35%.The company had revenue of $2.37 billion for the quarter. On average, analysts anticipate that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Wednesday, August 13th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.5%. The ex-dividend date was Wednesday, August 13th. Entergy’s dividend payout ratio (DPR) is 59.85%.

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.