Corient Private Wealth LLC Trims Stock Position in Entergy Corporation $ETR

Corient Private Wealth LLC lessened its position in shares of Entergy Corporation (NYSE:ETR) by 6.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 146,277 shares of the utilities provider’s stock after selling 10,707 shares during the period. Corient Private Wealth LLC’s holdings in Entergy were worth $12,158,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of ETR. Brighton Jones LLC raised its position 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 in the last quarter. American Century Companies Inc. raised its holdings in shares of Entergy by 2.7% in the 1st quarter. American Century Companies Inc. now owns 245,890 shares of the utilities provider’s stock valued at $21,021,000 after acquiring an additional 6,532 shares in the last quarter. Brooklyn Investment Group raised its holdings in shares of Entergy by 17.7% in the 1st quarter. Brooklyn Investment Group now owns 1,974 shares of the utilities provider’s stock valued at $169,000 after acquiring an additional 297 shares in the last quarter. Aptus Capital Advisors LLC boosted its position in shares of Entergy by 33.2% during the 1st quarter. Aptus Capital Advisors LLC now owns 12,596 shares of the utilities provider’s stock valued at $1,077,000 after acquiring an additional 3,137 shares during the last quarter. Finally, Hsbc Holdings PLC grew its holdings in shares of Entergy by 17.3% during the first quarter. Hsbc Holdings PLC now owns 1,017,041 shares of the utilities provider’s stock worth $86,639,000 after purchasing an additional 150,272 shares in the last quarter. 88.07% of the stock is owned by institutional investors.

Insider Transactions at Entergy

In related news, insider Anastasia Minor sold 5,000 shares of Entergy stock in a transaction 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 transaction, the insider directly owned 10,122 shares of the company’s stock, valued at $975,659.58. The trade was a 33.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Haley Fisackerly sold 5,136 shares of the stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $96.50, for a total transaction of $495,624.00. Following the sale, the insider directly owned 7,899 shares of the company’s stock, valued at $762,253.50. The trade was a 39.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 10,179 shares of company stock worth $981,707. Insiders own 0.39% of the company’s stock.

Analyst Ratings Changes

ETR has been the subject of several research analyst reports. Citigroup lifted their target price on shares of Entergy from $91.00 to $106.00 and gave the company a “neutral” rating in a research report on Tuesday, November 18th. UBS Group reaffirmed a “buy” rating and set a $105.00 price objective (up from $96.00) on shares of Entergy in a report on Wednesday. Mizuho increased their target price on Entergy from $97.00 to $104.00 and gave the company an “outperform” rating in a research note on Monday, October 27th. KeyCorp set a $102.00 price target on Entergy and gave the company an “overweight” rating in a research report on Friday, December 12th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Entergy in a report on Wednesday, October 8th. Two equities 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 data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $103.09.

Entergy Stock Performance

Entergy stock opened at $92.19 on Friday. The firm has a fifty day simple moving average of $95.18 and a two-hundred day simple moving average of $89.94. The company has a quick ratio of 0.48, a current ratio of 0.71 and a debt-to-equity ratio of 1.62. Entergy Corporation has a twelve month low of $73.43 and a twelve month high of $98.58. The company has a market capitalization of $41.17 billion, a PE ratio of 22.76, a P/E/G ratio of 2.30 and a beta of 0.62.

Entergy (NYSE:ETR) last released its quarterly earnings data on Friday, July 8th. The utilities provider reported $0.71 EPS for the quarter. The firm 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%. Research analysts expect that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Increases Dividend

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