Vontobel Holding Ltd. Acquires New Shares in Entergy Corporation $ETR

Vontobel Holding Ltd. purchased a new position in Entergy Corporation (NYSE:ETR) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 10,132 shares of the utilities provider’s stock, valued at approximately $842,000.

A number of other hedge funds have also recently made changes to their positions in ETR. Mattson Financial Services LLC boosted its stake in 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 acquiring an additional 150 shares in the last quarter. Atwood & Palmer Inc. boosted its stake 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. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Entergy in the 1st quarter worth approximately $28,000. Grove Bank & Trust boosted its holdings in Entergy by 188.5% during the first quarter. Grove Bank & Trust now owns 352 shares of the utilities provider’s stock worth $30,000 after buying an additional 230 shares in the last quarter. Finally, Wayfinding Financial LLC acquired a new stake in shares of Entergy during the 1st quarter valued at about $32,000. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Entergy Trading Up 0.5%

NYSE:ETR opened at $95.70 on Tuesday. The company has a quick ratio of 0.52, a current ratio of 0.80 and a debt-to-equity ratio of 1.73. The company has a market capitalization of $42.72 billion, a PE ratio of 23.83, a P/E/G ratio of 2.59 and a beta of 0.62. The stock’s 50 day moving average price is $90.53 and its 200 day moving average price is $85.80. Entergy Corporation has a 52-week low of $65.30 and a 52-week high of $98.58.

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

Entergy Announces Dividend

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

Insider Transactions at Entergy

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

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ETR. Evercore ISI set a $98.00 price objective on Entergy and gave the stock an “in-line” rating in a report on Monday, October 6th. Weiss Ratings restated a “buy (b)” rating on shares of Entergy in a research report on Wednesday, October 8th. Barclays set a $100.00 target price on Entergy and gave the company an “overweight” rating in a research report on Monday, October 6th. JPMorgan Chase & Co. boosted their price target on shares of Entergy from $102.00 to $103.00 and gave the company an “overweight” rating in a research note on Thursday, August 21st. Finally, Scotiabank set a $105.00 target price on Entergy and gave the stock an “outperform” rating in a research note on Friday, October 3rd. Twelve research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Entergy currently has a consensus rating of “Moderate Buy” and an average target price of $94.64.

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.