Entergy Corporation $ETR Position Increased by Amundi

Amundi lifted its stake in shares of Entergy Corporation (NYSE:ETR) by 99.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,283,166 shares of the utilities provider’s stock after purchasing an additional 638,343 shares during the quarter. Amundi owned about 0.29% of Entergy worth $104,347,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Entergy by 3.0% in the second quarter. Vanguard Group Inc. now owns 56,459,668 shares of the utilities provider’s stock worth $4,692,928,000 after purchasing an additional 1,630,674 shares during the period. Ameriprise Financial Inc. raised its position in shares of Entergy by 2.2% during the 1st quarter. Ameriprise Financial Inc. now owns 13,173,889 shares of the utilities provider’s stock worth $1,126,244,000 after buying an additional 289,468 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Entergy by 4.7% in the 2nd quarter. Geode Capital Management LLC now owns 11,242,611 shares of the utilities provider’s stock worth $930,541,000 after acquiring an additional 505,344 shares during the period. Boston Partners lifted its stake in shares of Entergy by 114.9% in the 2nd quarter. Boston Partners now owns 6,940,628 shares of the utilities provider’s stock worth $578,531,000 after acquiring an additional 3,710,814 shares during the period. Finally, Invesco Ltd. boosted its holdings in shares of Entergy by 2.1% in the second quarter. Invesco Ltd. now owns 6,129,177 shares of the utilities provider’s stock valued at $509,457,000 after acquiring an additional 126,707 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Entergy Trading Down 0.2%

Entergy stock opened at $94.27 on Monday. Entergy Corporation has a 52 week low of $73.15 and a 52 week high of $98.58. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.48 and a current ratio of 0.71. The firm has a market capitalization of $42.10 billion, a price-to-earnings ratio of 23.28, a P/E/G ratio of 2.36 and a beta of 0.62. The company has a 50 day moving average price of $95.56 and a 200 day moving average price of $89.38.

Entergy (NYSE:ETR) last released its earnings results on Friday, July 8th. The utilities provider reported $0.71 earnings per share (EPS) for the quarter. Entergy had a return on equity of 11.53% and a net margin of 14.26%.The company had revenue of $2.37 billion during the quarter. Research analysts forecast that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Thursday, November 13th were paid a dividend of $0.64 per share. This is a boost from Entergy’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Thursday, November 13th. This represents a $2.56 annualized dividend and a yield of 2.7%. Entergy’s dividend payout ratio (DPR) is presently 63.21%.

Insider Activity

In other news, insider Haley Fisackerly sold 5,136 shares of the stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $96.50, for a total value 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. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Anastasia Minor sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $96.39, for a total transaction of $481,950.00. Following the transaction, the insider directly owned 10,122 shares in the company, valued at $975,659.58. The trade was a 33.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 10,179 shares of company stock worth $981,707 in the last 90 days. Company insiders own 0.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ETR. Evercore ISI boosted their target price on Entergy from $98.00 to $101.00 and gave the stock an “in-line” rating in a report on Thursday, October 30th. Wall Street Zen downgraded Entergy from a “hold” rating to a “sell” rating in a research note on Saturday. Scotiabank set a $105.00 price objective on Entergy and gave the company an “outperform” rating in a report on Friday, October 3rd. Barclays set a $100.00 target price on Entergy and gave the stock an “overweight” rating in a report on Monday, October 6th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $104.00 price target (up from $96.00) on shares of Entergy in a report on Tuesday, October 14th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $102.47.

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.