Entergy Corporation $ETR Shares Acquired by Ameriprise Financial Inc.

Ameriprise Financial Inc. boosted its stake in Entergy Corporation (NYSE:ETR) by 3.6% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,652,982 shares of the utilities provider’s stock after acquiring an additional 479,093 shares during the period. Ameriprise Financial Inc. owned 3.06% of Entergy worth $1,134,850,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in ETR. Mesirow Financial Investment Management Inc. grew its stake in shares of Entergy by 3.1% during the second quarter. Mesirow Financial Investment Management Inc. now owns 3,864 shares of the utilities provider’s stock valued at $321,000 after acquiring an additional 116 shares in the last quarter. DekaBank Deutsche Girozentrale raised its position in shares of Entergy by 0.3% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 41,397 shares of the utilities provider’s stock worth $3,377,000 after purchasing an additional 118 shares during the period. CW Advisors LLC lifted its stake in Entergy by 3.4% in the second quarter. CW Advisors LLC now owns 3,706 shares of the utilities provider’s stock valued at $308,000 after buying an additional 121 shares during the last quarter. Virtus Investment Advisers LLC boosted its stake in Entergy by 6.2% during the 2nd quarter. Virtus Investment Advisers LLC now owns 2,119 shares of the utilities provider’s stock valued at $176,000 after purchasing an additional 124 shares during the period. Finally, My Legacy Advisors LLC grew its holdings in Entergy by 0.8% in the 2nd quarter. My Legacy Advisors LLC now owns 16,576 shares of the utilities provider’s stock worth $1,361,000 after buying an additional 128 shares in the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Insiders Place Their Bets

In related news, insider Haley Fisackerly sold 5,136 shares of the stock in a transaction dated 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 in the company, valued at $762,253.50. This represents a 39.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Ralph Lewis Ropp purchased 1,000 shares of the company’s stock in a transaction on Wednesday, November 12th. The shares were purchased at an average cost of $96.69 per share, with a total value of $96,690.00. Following the transaction, the director directly owned 1,050 shares in the company, valued at $101,524.50. This trade represents a 2,000.00% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders have sold 10,179 shares of company stock valued at $981,707. 0.39% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ETR. Evercore ISI boosted their target price on shares of Entergy from $98.00 to $101.00 and gave the stock an “in-line” rating in a research report on Thursday, October 30th. JPMorgan Chase & Co. decreased their price objective on Entergy from $113.00 to $108.00 and set an “overweight” rating on the stock in a research report on Thursday. Weiss Ratings reissued a “buy (b)” rating on shares of Entergy in a research note on Wednesday, October 8th. Barclays set a $100.00 price objective on Entergy and gave the company an “overweight” rating in a research report on Monday, October 6th. Finally, Wells Fargo & Company raised shares of Entergy to a “strong-buy” rating in a research report on Tuesday, October 28th. Two equities research 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. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $102.53.

Entergy Price Performance

Shares of NYSE ETR opened at $92.26 on Friday. The company has a current ratio of 0.71, a quick ratio of 0.48 and a debt-to-equity ratio of 1.62. Entergy Corporation has a 1-year low of $73.15 and a 1-year high of $98.58. The firm’s 50-day moving average price is $95.48 and its 200-day moving average price is $89.66. The firm has a market capitalization of $41.20 billion, a P/E ratio of 22.78, a P/E/G ratio of 2.34 and a beta of 0.62.

Entergy (NYSE:ETR) last posted its quarterly earnings data 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 return on equity of 11.53% and a net margin of 14.26%. Equities research analysts anticipate that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Increases Dividend

The company also recently declared 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 was Thursday, November 13th. This is a positive change from Entergy’s previous quarterly dividend of $0.60. This represents a $2.56 dividend on an annualized basis and a yield of 2.8%. Entergy’s dividend payout ratio (DPR) is 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.