Entergy Corporation $ETR Stake Lifted by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. boosted its position in Entergy Corporation (NYSE:ETR) by 10.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 273,592 shares of the utilities provider’s stock after purchasing an additional 26,898 shares during the period. Rockefeller Capital Management L.P. owned approximately 0.06% of Entergy worth $22,741,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Mattson Financial Services LLC lifted its holdings in Entergy by 100.0% in the 1st quarter. Mattson Financial Services LLC now owns 300 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 150 shares during the last quarter. Atwood & Palmer Inc. lifted its stake in Entergy by 135.7% during 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 during the last quarter. GoalVest Advisory LLC boosted its holdings in Entergy by 5,733.3% during the second quarter. GoalVest Advisory LLC now owns 350 shares of the utilities provider’s stock worth $29,000 after buying an additional 344 shares in the last quarter. Atlantic Union Bankshares Corp bought a new stake in Entergy during the second quarter worth approximately $30,000. Finally, Legacy Investment Solutions LLC acquired a new position in Entergy in the second quarter worth approximately $31,000. 88.07% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Entergy news, Director Ralph Lewis Ropp acquired 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The shares were purchased 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 in the company, valued at $101,524.50. The trade was a 2,000.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Haley Fisackerly sold 5,136 shares of the business’s stock in a transaction that occurred 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 directly owned 7,899 shares of the company’s stock, valued at $762,253.50. This represents a 39.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 10,179 shares of company stock worth $981,707. Insiders own 0.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. BMO Capital Markets reissued an “outperform” rating and set a $104.00 price objective (up from $96.00) on shares of Entergy in a research note on Tuesday, October 14th. Royal Bank Of Canada raised Entergy to a “moderate buy” rating in a research note on Tuesday, October 28th. Barclays set a $100.00 price objective on Entergy and gave the stock an “overweight” rating in a report on Monday, October 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of Entergy in a report on Wednesday, October 8th. Finally, Mizuho lifted their target price on shares of Entergy from $97.00 to $104.00 and gave the stock 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 given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $102.37.

Entergy Trading Up 0.4%

Shares of NYSE:ETR opened at $95.39 on Tuesday. The firm has a fifty day moving average of $94.06 and a two-hundred day moving average of $88.20. The company has a quick ratio of 0.52, a current ratio of 0.71 and a debt-to-equity ratio of 1.62. Entergy Corporation has a 12-month low of $73.15 and a 12-month high of $98.58. The firm has a market capitalization of $42.60 billion, a P/E ratio of 23.55, a price-to-earnings-growth ratio of 2.40 and a beta of 0.63.

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

Entergy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Investors 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%. The ex-dividend date of this dividend is Thursday, November 13th. This is a positive change from Entergy’s previous quarterly dividend of $0.60. Entergy’s dividend payout ratio (DPR) is presently 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.