CWS Financial Advisors LLC Grows Stock Position in Entergy Corporation $ETR

CWS Financial Advisors LLC increased its position in Entergy Corporation (NYSE:ETR) by 37.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,493 shares of the utilities provider’s stock after purchasing an additional 1,483 shares during the quarter. CWS Financial Advisors LLC’s holdings in Entergy were worth $457,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Mattson Financial Services LLC grew its position in shares of Entergy by 100.0% during the first quarter. Mattson Financial Services LLC now owns 300 shares of the utilities provider’s stock worth $26,000 after buying an additional 150 shares in the last quarter. Atwood & Palmer Inc. boosted its holdings in shares of Entergy by 135.7% in the 2nd quarter. Atwood & Palmer Inc. now owns 330 shares of the utilities provider’s stock valued at $27,000 after buying an additional 190 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Entergy in the first quarter valued at approximately $28,000. GoalVest Advisory LLC grew its stake in Entergy by 5,733.3% during the 2nd quarter. GoalVest Advisory LLC now owns 350 shares of the utilities provider’s stock worth $29,000 after buying an additional 344 shares during the last quarter. Finally, Atlantic Union Bankshares Corp bought a new position in shares of Entergy during the second quarter worth about $30,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Evercore ISI increased their price objective on Entergy from $98.00 to $101.00 and gave the stock an “in-line” rating in a report on Thursday, October 30th. Morgan Stanley set a $93.00 price objective on shares of Entergy and gave the stock an “outperform” rating in a research note on Wednesday, October 22nd. KeyCorp reaffirmed an “overweight” rating and set a $106.00 target price (up from $96.00) on shares of Entergy in a research report on Wednesday, October 15th. Jefferies Financial Group started coverage on shares of Entergy in a research report on Thursday, September 4th. They issued a “buy” rating and a $109.00 price target for the company. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Entergy in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $102.37.

Insider Activity

In related news, Director Ralph Lewis Ropp bought 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 12th. The shares were acquired at an average price of $96.69 per share, with a total value of $96,690.00. Following the completion of the transaction, the director owned 1,050 shares of the company’s stock, valued at $101,524.50. The trade was a 2,000.00% increase in their position. The transaction was disclosed in a filing 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 sale, the insider owned 7,899 shares in the company, valued at $762,253.50. This represents a 39.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 10,179 shares of company stock valued at $981,707. 0.47% of the stock is owned by company insiders.

Entergy Price Performance

Shares of NYSE:ETR opened at $94.92 on Friday. The business has a 50-day moving average of $93.89 and a two-hundred day moving average of $88.05. Entergy Corporation has a fifty-two week low of $73.15 and a fifty-two week high of $98.58. 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 $42.39 billion, a P/E ratio of 23.44, a P/E/G ratio of 2.40 and a beta of 0.63.

Entergy (NYSE:ETR) last announced 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 for the quarter. Entergy had a return on equity of 11.53% and a net margin of 14.26%. On average, equities research analysts predict that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Increases Dividend

The firm 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 dividend of $0.64 per share. This represents a $2.56 annualized dividend and a yield of 2.7%. The ex-dividend date is Thursday, November 13th. This is a positive change from Entergy’s previous quarterly dividend of $0.60. Entergy’s dividend payout ratio is currently 63.21%.

Entergy Company 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.