Lucus Advisors LLC decreased its stake in Entergy Corp. (NYSE:ETR) by 33.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,349 shares of the company’s stock after selling 2,216 shares during the period. Lucus Advisors LLC’s holdings in Entergy Corp. were worth $354,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in ETR. Iowa State Bank purchased a new stake in shares of Entergy Corp. during the second quarter valued at approximately $103,000. Nikko Asset Management Americas Inc. purchased a new stake in shares of Entergy Corp. during the first quarter valued at approximately $111,000. Washington Trust Bank raised its stake in shares of Entergy Corp. by 11.5% in the second quarter. Washington Trust Bank now owns 1,936 shares of the company’s stock valued at $157,000 after buying an additional 199 shares during the period. Juncture Wealth Strategies LLC raised its stake in shares of Entergy Corp. by 26.9% in the second quarter. Juncture Wealth Strategies LLC now owns 3,300 shares of the company’s stock valued at $268,000 after buying an additional 700 shares during the period. Finally, MIG Capital LLC raised its stake in shares of Entergy Corp. by 4.1% in the first quarter. MIG Capital LLC now owns 3,434 shares of the company’s stock valued at $272,000 after buying an additional 136 shares during the period. 85.22% of the stock is currently owned by institutional investors and hedge funds.
Shares of Entergy Corp. (NYSE:ETR) traded down 0.85% on Wednesday, hitting $78.92. The company’s stock had a trading volume of 1,936,365 shares. The company has a market cap of $14.13 billion, a price-to-earnings ratio of 81.53 and a beta of 0.32. The stock’s 50 day moving average is $78.89 and its 200-day moving average is $78.18. Entergy Corp. has a 52 week low of $63.90 and a 52 week high of $82.09.
Entergy Corp. (NYSE:ETR) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $3.11 EPS for the quarter, beating the consensus estimate of $1.05 by $2.06. Entergy Corp. had a net margin of 1.78% and a return on equity of 15.34%. During the same period last year, the company earned $0.83 EPS. On average, equities research analysts anticipate that Entergy Corp. will post $6.61 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Thursday, August 11th were paid a $0.85 dividend. The ex-dividend date of this dividend was Tuesday, August 9th. This represents a $3.40 annualized dividend and a dividend yield of 4.31%. Entergy Corp.’s payout ratio is currently 354.17%.
A number of equities research analysts recently issued reports on ETR shares. Guggenheim raised Entergy Corp. from a “neutral” rating to a “buy” rating and set a $86.00 target price on the stock in a research note on Monday, August 22nd. Goldman Sachs Group Inc. raised Entergy Corp. from a “buy” rating to a “conviction-buy” rating and upped their target price for the company from $87.00 to $88.00 in a research note on Monday, June 6th. Bank of America Corp. reaffirmed a “hold” rating on shares of Entergy Corp. in a research note on Friday, June 10th. Morgan Stanley reaffirmed a “hold” rating on shares of Entergy Corp. in a research note on Friday, June 10th. Finally, JPMorgan Chase & Co. reaffirmed a “hold” rating and issued a $81.00 target price on shares of Entergy Corp. in a research note on Friday, June 10th. Ten equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $80.05.
In related news, insider Haley Fisackerly sold 1,250 shares of the firm’s stock in a transaction that occurred on Friday, August 19th. The shares were sold at an average price of $77.60, for a total transaction of $97,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Charles L. Rice, Jr. sold 760 shares of the firm’s stock in a transaction that occurred on Friday, August 26th. The shares were sold at an average price of $79.36, for a total transaction of $60,313.60. The disclosure for this sale can be found here. Corporate insiders own 0.22% of the company’s stock.
Entergy Corp. Company Profile
Entergy Corporation is a holding company. The Company is an integrated energy company engaged in electric power production and retail electric distribution operations. It operates through two business segments: Utility and Entergy Wholesale Commodities. The Utility segment includes the generation, transmission, distribution and sale of electric power to retail and wholesale customers in areas of Arkansas, Mississippi, Texas and Louisiana, including the City of New Orleans and operates a natural gas distribution business.
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