Arrow Capital Pty Ltd Invests $6.85 Million in Entergy Corporation $ETR

Arrow Capital Pty Ltd purchased a new stake in Entergy Corporation (NYSE:ETR) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 82,427 shares of the utilities provider’s stock, valued at approximately $6,851,000. Entergy accounts for approximately 5.1% of Arrow Capital Pty Ltd’s investment portfolio, making the stock its 6th biggest position.

Other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC boosted its holdings in shares of Entergy by 275.6% in the fourth quarter. Brighton Jones LLC now owns 9,176 shares of the utilities provider’s stock worth $696,000 after buying an additional 6,733 shares during the period. New Age Alpha Advisors LLC lifted its position in shares of Entergy by 168.3% in the 1st quarter. New Age Alpha Advisors LLC now owns 719 shares of the utilities provider’s stock valued at $61,000 after acquiring an additional 451 shares in the last quarter. Citigroup Inc. boosted its stake in Entergy by 60.3% in the 1st quarter. Citigroup Inc. now owns 377,335 shares of the utilities provider’s stock worth $32,258,000 after purchasing an additional 142,013 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Entergy in the 1st quarter worth approximately $9,524,000. Finally, Nuveen LLC purchased a new position in Entergy during the 1st quarter worth approximately $123,648,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Insider Buying and Selling at Entergy

In related news, Director Ralph Lewis Ropp acquired 1,000 shares of the stock in a transaction dated 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 acquisition, the director owned 1,050 shares in the company, valued at approximately $101,524.50. The trade was a 2,000.00% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Haley Fisackerly sold 5,136 shares of the firm’s 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 transaction, the insider directly owned 7,899 shares in the company, valued at $762,253.50. The trade was a 39.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 10,179 shares of company stock worth $981,707 over the last three months. Corporate insiders own 0.47% of the company’s stock.

Entergy Trading Up 0.4%

NYSE:ETR opened at $93.31 on Wednesday. The company has a market capitalization of $41.67 billion, a P/E ratio of 23.04, a P/E/G ratio of 2.33 and a beta of 0.62. The stock’s 50 day moving average price is $95.55 and its 200 day moving average price is $89.54. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.48 and a current ratio of 0.71. Entergy Corporation has a 52 week low of $73.15 and a 52 week high of $98.58.

Entergy (NYSE:ETR) last posted its earnings results on Friday, July 8th. The utilities provider reported $0.71 EPS for the quarter. Entergy had a net margin of 14.26% and a return on equity of 11.53%. The company had revenue of $2.37 billion during the quarter. On average, research analysts forecast 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 was paid on Monday, December 1st. Shareholders of record on Thursday, November 13th were given a dividend of $0.64 per share. The ex-dividend date of this dividend was Thursday, November 13th. This is a positive change from Entergy’s previous quarterly dividend of $0.60. This represents a $2.56 annualized dividend and a yield of 2.7%. Entergy’s dividend payout ratio (DPR) is currently 63.21%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on ETR shares. Wall Street Zen lowered Entergy from a “hold” rating to a “sell” rating in a report on Saturday. Weiss Ratings reissued a “buy (b)” rating on shares of Entergy in a research report on Wednesday, October 8th. Wells Fargo & Company raised Entergy to a “strong-buy” rating in a research note on Tuesday, October 28th. Jefferies Financial Group began coverage on Entergy in a research report on Thursday, September 4th. They set a “buy” rating and a $109.00 price objective for the company. Finally, Barclays set a $100.00 target price on Entergy and gave the company an “overweight” rating in a research note on Monday, October 6th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $102.47.

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.