Continuum Advisory LLC Increases Stake in Entergy Corporation $ETR

Continuum Advisory LLC grew its stake in shares of Entergy Corporation (NYSE:ETR) by 236.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 31,422 shares of the utilities provider’s stock after purchasing an additional 22,069 shares during the quarter. Continuum Advisory LLC’s holdings in Entergy were worth $2,928,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Mattson Financial Services LLC boosted its position in Entergy by 100.0% during the 1st quarter. Mattson Financial Services LLC now owns 300 shares of the utilities provider’s stock valued at $26,000 after buying an additional 150 shares during the period. Atwood & Palmer Inc. increased its position in shares of Entergy by 135.7% in the second quarter. Atwood & Palmer Inc. now owns 330 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 190 shares during the period. Capital A Wealth Management LLC raised its stake 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 valued at $28,000 after acquiring an additional 328 shares during the last quarter. GoalVest Advisory LLC boosted 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 period. Finally, Atlantic Union Bankshares Corp bought a new stake in shares of Entergy in the second quarter worth about $30,000. 88.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ETR has been the subject of several research analyst reports. Barclays set a $100.00 price objective on Entergy and gave the stock an “overweight” rating in a report on Monday, October 6th. KeyCorp set a $102.00 price target on Entergy and gave the stock an “overweight” rating in a research note on Friday, December 12th. Wall Street Zen cut shares of Entergy from a “hold” rating to a “sell” rating in a report on Monday, December 22nd. Bank of America upped their price objective on shares of Entergy from $88.00 to $97.00 and gave the stock a “neutral” rating in a report on Thursday, October 16th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $104.00 target price (up from $96.00) on shares of Entergy in a research report on Tuesday, October 14th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $103.09.

Entergy Trading Up 0.2%

NYSE:ETR opened at $93.04 on Tuesday. The stock has a market cap of $41.55 billion, a price-to-earnings ratio of 22.97, a PEG ratio of 2.33 and a beta of 0.62. The company has a quick ratio of 0.48, a current ratio of 0.71 and a debt-to-equity ratio of 1.62. The company’s 50 day moving average price is $94.65 and its 200-day moving average price is $90.54. Entergy Corporation has a 52 week low of $74.72 and a 52 week high of $98.58.

Entergy (NYSE:ETR) last released its quarterly earnings data 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 business had revenue of $2.37 billion for the quarter. On average, equities research analysts forecast that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Thursday, November 13th were given a dividend of $0.64 per share. This represents a $2.56 annualized dividend 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 63.21%.

Insider Buying and Selling

In other Entergy news, Director Ralph Lewis Ropp bought 1,000 shares of the firm’s stock in a transaction on Wednesday, November 12th. The stock was acquired at an average price of $96.69 per share, with a total value of $96,690.00. Following the transaction, the director owned 1,050 shares in the company, valued at $101,524.50. This represents a 2,000.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Anastasia Minor sold 5,000 shares of the company’s stock in a transaction dated 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 owned 10,122 shares in the company, valued at $975,659.58. This represents a 33.06% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 10,179 shares of company stock worth $981,707. 0.47% of the stock is owned by corporate insiders.

Entergy Company Profile

Entergy Corporation (NYSE:ETR) is an integrated energy company headquartered in New Orleans, Louisiana, that generates, transmits and distributes electricity. The company’s operations combine regulated utility services with competitive power production, supplying retail electricity to residential, commercial and industrial customers while also participating in wholesale energy markets. Entergy’s generation fleet includes nuclear, natural gas, hydropower and other resources, and it operates a network of transmission and distribution assets to deliver power to end users.

Entergy conducts its regulated utility business through state-based operating subsidiaries that serve customers across parts of Arkansas, Louisiana, Mississippi and southeast Texas.