Clearstead Trust LLC Buys 747 Shares of Entergy Corporation $ETR

Clearstead Trust LLC grew its stake in Entergy Corporation (NYSE:ETR) by 725.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 850 shares of the utilities provider’s stock after acquiring an additional 747 shares during the quarter. Clearstead Trust LLC’s holdings in Entergy were worth $71,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Mattson Financial Services LLC boosted its stake in Entergy by 100.0% in the 1st quarter. Mattson Financial Services LLC now owns 300 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 150 shares in the last quarter. Atwood & Palmer Inc. raised its holdings in Entergy by 135.7% in the second quarter. Atwood & Palmer Inc. now owns 330 shares of the utilities provider’s stock worth $27,000 after buying an additional 190 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Entergy in the first quarter worth approximately $28,000. GoalVest Advisory LLC grew its holdings in shares of Entergy by 5,733.3% during 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 purchased a new stake in shares of Entergy during the second quarter valued at approximately $30,000. 88.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on ETR shares. Barclays set a $100.00 price objective on Entergy and gave the company an “overweight” rating in a research report on Monday, October 6th. BTIG Research raised Entergy to a “strong-buy” rating in a report on Wednesday, October 22nd. Scotiabank set a $105.00 price objective on Entergy and gave the company an “outperform” rating in a research report on Friday, October 3rd. Morgan Stanley set a $93.00 target price on Entergy and gave the stock an “outperform” rating in a research report on Wednesday, October 22nd. Finally, Bank of America raised their price target on shares of Entergy from $88.00 to $97.00 and gave the company a “neutral” rating in a report on Thursday, October 16th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $102.37.

Insider Buying and Selling

In related news, Director Ralph Lewis Ropp purchased 1,000 shares of Entergy stock in a transaction on Wednesday, November 12th. The stock was acquired at an average price of $96.69 per share, for a total transaction of $96,690.00. Following the completion of the transaction, the director directly owned 1,050 shares in the company, valued at $101,524.50. This represents a 2,000.00% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Haley Fisackerly sold 5,136 shares of Entergy stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $96.50, for a total value of $495,624.00. Following the transaction, the insider directly owned 7,899 shares in the company, valued at approximately $762,253.50. The trade was a 39.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 10,179 shares of company stock valued at $981,707. 0.47% of the stock is owned by company insiders.

Entergy Price Performance

NYSE ETR opened at $94.92 on Friday. The company has a 50-day moving average price of $93.89 and a 200-day moving average price of $88.05. Entergy Corporation has a 52 week low of $73.15 and a 52 week high of $98.58. The company has a quick ratio of 0.52, a current ratio of 0.71 and a debt-to-equity ratio of 1.62. The firm has a market capitalization of $42.39 billion, a P/E ratio of 23.44, a PEG ratio of 2.40 and a beta of 0.63.

Entergy (NYSE:ETR) last posted its quarterly earnings data on Friday, July 8th. The utilities provider reported $0.71 earnings per share (EPS) for the quarter. Entergy had a net margin of 14.26% and a return on equity of 11.53%. The company had revenue of $2.37 billion for the quarter. Equities research analysts anticipate that Entergy Corporation will post 3.88 earnings per share for the current 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 is a positive change from Entergy’s previous quarterly dividend of $0.60. The ex-dividend date is Thursday, November 13th. This represents a $2.56 annualized dividend and a dividend yield of 2.7%. Entergy’s dividend payout ratio (DPR) is currently 63.21%.

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.