Rothschild Investment LLC Raises Stock Position in Entergy Corporation $ETR

Rothschild Investment LLC boosted its stake in Entergy Corporation (NYSE:ETR) by 93.8% in the second quarter, HoldingsChannel reports. The firm owned 1,401 shares of the utilities provider’s stock after acquiring an additional 678 shares during the period. Rothschild Investment LLC’s holdings in Entergy were worth $116,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Mattson Financial Services LLC grew its stake 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 period. Atwood & Palmer Inc. boosted 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 worth $27,000 after buying an additional 190 shares during the last quarter. GoalVest Advisory LLC grew its position in 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 period. Atlantic Union Bankshares Corp purchased a new stake in Entergy during the second quarter valued at approximately $30,000. Finally, Legacy Investment Solutions LLC bought a new position in Entergy in the second quarter worth approximately $31,000. Institutional investors own 88.07% of the company’s stock.

Insider Activity

In other news, insider Haley Fisackerly sold 5,136 shares of Entergy stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $96.50, for a total transaction of $495,624.00. Following the sale, the insider owned 7,899 shares in the company, valued at $762,253.50. This trade represents a 39.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Ralph Lewis Ropp bought 1,000 shares of the stock in a transaction dated Wednesday, November 12th. The stock was bought at an average cost of $96.69 per share, for a total transaction of $96,690.00. Following the acquisition, the director directly owned 1,050 shares of the company’s stock, valued at approximately $101,524.50. This represents a 2,000.00% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have sold a total of 10,179 shares of company stock worth $981,707 over the last quarter. Insiders own 0.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on ETR shares. Royal Bank Of Canada raised shares of Entergy to a “moderate buy” rating in a research report on Tuesday, October 28th. Bank of America lifted their target price on Entergy from $88.00 to $97.00 and gave the company a “neutral” rating in a research report on Thursday, October 16th. Weiss Ratings reissued a “buy (b)” rating on shares of Entergy in a report on Wednesday, October 8th. Scotiabank set a $105.00 price objective on Entergy and gave the stock an “outperform” rating in a research note on Friday, October 3rd. Finally, BTIG Research upgraded Entergy to a “strong-buy” rating in a research note on Wednesday, October 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $102.59.

Entergy Trading Down 0.4%

Shares of ETR stock opened at $94.03 on Thursday. The stock has a fifty day simple moving average of $94.33 and a two-hundred day simple moving average of $88.32. Entergy Corporation has a 52-week low of $73.15 and a 52-week high of $98.58. The firm has a market capitalization of $42.00 billion, a PE ratio of 23.22, a PEG ratio of 2.40 and a beta of 0.63. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.52 and a current ratio of 0.71.

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. Entergy had a return on equity of 11.53% and a net margin of 14.26%.The firm had revenue of $2.37 billion during the quarter. On average, analysts predict that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Thursday, November 13th will be issued a dividend of $0.64 per share. This is an increase from Entergy’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Thursday, November 13th. This represents a $2.56 dividend on an annualized basis and a yield of 2.7%. Entergy’s payout ratio is 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.