National Pension Service Purchases 43,044 Shares of Entergy Corporation $ETR

National Pension Service grew its position in Entergy Corporation (NYSE:ETR) by 6.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 686,832 shares of the utilities provider’s stock after purchasing an additional 43,044 shares during the period. National Pension Service owned about 0.15% of Entergy worth $64,006,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ETR. Capital A Wealth Management LLC increased its stake in shares of Entergy by 5,466.7% during the 2nd 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 valued at $29,000 after buying an additional 344 shares in the last quarter. Atlantic Union Bankshares Corp acquired a new stake in shares of Entergy during the second quarter valued at about $30,000. Legacy Investment Solutions LLC bought a new stake in shares of Entergy in the second quarter worth $31,000. Finally, Mountain Hill Investment Partners Corp. bought a new stake in Entergy in the third quarter valued at approximately $43,000. 88.07% of the stock is owned by institutional investors and hedge funds.

Entergy Price Performance

ETR stock opened at $95.86 on Monday. Entergy Corporation has a 12-month low of $75.57 and a 12-month high of $98.58. The stock has a market capitalization of $42.81 billion, a price-to-earnings ratio of 23.67, a PEG ratio of 2.14 and a beta of 0.65. The company has a current ratio of 0.71, a quick ratio of 0.48 and a debt-to-equity ratio of 1.62. The firm’s 50-day moving average price is $93.95 and its two-hundred day moving average price is $92.62.

Entergy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Monday, February 9th will be issued a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Monday, February 9th. Entergy’s dividend payout ratio is presently 63.21%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on ETR shares. Weiss Ratings reissued a “buy (b)” rating on shares of Entergy in a research report on Thursday, January 22nd. Argus set a $100.00 target price on shares of Entergy and gave the company a “buy” rating in a research note on Tuesday, January 6th. Wall Street Zen lowered Entergy from a “hold” rating to a “sell” rating in a report on Saturday. Barclays set a $96.00 price objective on shares of Entergy and gave the company an “overweight” rating in a research note on Thursday, January 15th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $112.00 target price on shares of Entergy in a report on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $104.83.

Insider Transactions at Entergy

In other news, Director Ralph Lewis Ropp bought 1,000 shares of Entergy stock in a transaction that occurred on Wednesday, November 12th. The stock was bought at an average cost of $96.69 per share, with a total value of $96,690.00. Following the acquisition, the director owned 1,050 shares of the company’s stock, valued at $101,524.50. The trade was a 2,000.00% increase in their position. The transaction 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 company’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $96.39, for a total value of $481,950.00. Following the completion of the transaction, the insider 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 SEC filing for this sale provides additional information. Company insiders own 0.47% of the company’s stock.

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.