Balefire LLC Purchases Shares of 19,282 Entergy Corporation $ETR

Balefire LLC purchased a new position in shares of Entergy Corporation (NYSE:ETR) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 19,282 shares of the utilities provider’s stock, valued at approximately $1,797,000.

Other hedge funds have also recently modified their holdings of the company. Mattson Financial Services LLC lifted its stake in shares of Entergy by 100.0% during the first quarter. Mattson Financial Services LLC now owns 300 shares of the utilities provider’s stock worth $26,000 after buying an additional 150 shares during the period. Atwood & Palmer Inc. increased 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 acquiring an additional 190 shares during the period. Capital A Wealth Management LLC raised its holdings in shares of Entergy by 5,466.7% during the second quarter. Capital A Wealth Management LLC now owns 334 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 328 shares during the last quarter. GoalVest Advisory LLC raised its holdings in shares of Entergy by 5,733.3% during the second quarter. GoalVest Advisory LLC now owns 350 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 344 shares during the last quarter. Finally, Atlantic Union Bankshares Corp acquired a new position in Entergy during the second quarter valued at $30,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

Insiders Place Their Bets

In other Entergy news, insider Haley Fisackerly sold 5,136 shares of the firm’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $96.50, for a total value of $495,624.00. Following the sale, the insider directly 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 Securities & Exchange Commission, which is available at this hyperlink. Also, insider Anastasia Minor sold 5,000 shares of the company’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 value of $481,950.00. Following the completion of the transaction, the insider directly owned 10,122 shares of the company’s stock, valued at $975,659.58. This trade represents 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 a total of 10,179 shares of company stock worth $981,707 in the last quarter. 0.39% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on ETR shares. Bank of America boosted their price target on Entergy from $88.00 to $97.00 and gave the company a “neutral” rating in a report on Thursday, October 16th. 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 target on shares of Entergy and gave the company an “overweight” rating in a research note on Monday, October 6th. Mizuho boosted their price target on shares of Entergy from $97.00 to $104.00 and gave the stock an “outperform” rating in a research report on Monday, October 27th. Finally, Scotiabank set a $105.00 price objective on shares of Entergy and gave the company an “outperform” rating in a report on Friday, October 3rd. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Entergy currently has a consensus rating of “Moderate Buy” and a consensus target price of $103.09.

Entergy Stock Performance

NYSE:ETR opened at $91.83 on Thursday. Entergy Corporation has a fifty-two week low of $73.15 and a fifty-two 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 company has a 50 day moving average price of $95.25 and a 200 day moving average price of $89.92. The stock has a market capitalization of $41.01 billion, a P/E ratio of 22.67, a PEG ratio of 2.33 and a beta of 0.62.

Entergy (NYSE:ETR) last announced 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 for the quarter. Equities research analysts forecast that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Thursday, November 13th were issued a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a yield of 2.8%. This is a boost from Entergy’s previous quarterly dividend of $0.60. The ex-dividend date was Thursday, November 13th. 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.