Asset Management One Co. Ltd. Buys 7,749 Shares of Entergy Corporation $ETR

Asset Management One Co. Ltd. grew its position in Entergy Corporation (NYSE:ETR) by 4.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 203,155 shares of the utilities provider’s stock after buying an additional 7,749 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Entergy were worth $18,932,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mattson Financial Services LLC raised its holdings in Entergy by 100.0% in 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 last quarter. Atwood & Palmer Inc. boosted its position in shares of Entergy by 135.7% during the second quarter. Atwood & Palmer Inc. now owns 330 shares of the utilities provider’s stock valued at $27,000 after buying an additional 190 shares during the last quarter. Capital A Wealth Management LLC boosted its holdings in 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 boosted its position in Entergy by 5,733.3% in 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 bought a new stake in shares of Entergy in the 2nd quarter worth approximately $30,000. 88.07% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Haley Fisackerly sold 5,136 shares of Entergy 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 transaction, the insider owned 7,899 shares of the company’s stock, valued at $762,253.50. The trade was a 39.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Anastasia Minor sold 5,000 shares of the stock in a transaction dated 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 sale, the insider owned 10,122 shares of the company’s stock, valued at approximately $975,659.58. This trade represents a 33.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 10,179 shares of company stock worth $981,707. Company insiders own 0.39% of the company’s stock.

Entergy Stock Performance

Entergy stock opened at $92.63 on Tuesday. The company has a market cap of $41.37 billion, a PE ratio of 22.87, a price-to-earnings-growth ratio of 2.10 and a beta of 0.66. The company’s 50-day moving average price is $94.32 and its 200-day moving average price is $90.95. Entergy Corporation has a twelve month low of $75.01 and a twelve month high of $98.58. 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 (NYSE:ETR) last posted its quarterly earnings data on Friday, July 8th. The utilities provider reported $0.71 earnings per share for the quarter. Entergy had a net margin of 14.26% and a return on equity of 11.53%. The business had revenue of $2.37 billion for the quarter. On average, equities research analysts forecast that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Thursday, November 13th were given 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 dividend payout ratio is 63.21%.

Analyst Ratings Changes

ETR has been the topic of several analyst reports. KeyCorp set a $102.00 price target on Entergy and gave the company an “overweight” rating in a research report on Friday, December 12th. Wells Fargo & Company upgraded shares of Entergy to a “strong-buy” rating in a report on Tuesday, October 28th. JPMorgan Chase & Co. decreased their price objective on Entergy from $113.00 to $108.00 and set an “overweight” rating for the company in a report on Thursday, December 11th. Scotiabank set a $105.00 price objective on shares of Entergy and gave the company an “outperform” rating in a research report on Friday, October 3rd. Finally, Bank of America raised their target price on shares of Entergy from $88.00 to $97.00 and gave the stock a “neutral” rating in a report on Thursday, October 16th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $103.09.

Entergy 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.