SG Americas Securities LLC Has $3.27 Million Stock Holdings in Entergy Corporation $ETR

SG Americas Securities LLC trimmed its holdings in shares of Entergy Corporation (NYSE:ETR) by 49.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,335 shares of the utilities provider’s stock after selling 37,800 shares during the quarter. SG Americas Securities LLC’s holdings in Entergy were worth $3,270,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Mattson Financial Services LLC grew its stake in shares of Entergy by 100.0% in the first quarter. Mattson Financial Services LLC now owns 300 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 150 shares during the last quarter. Atwood & Palmer Inc. lifted its holdings in Entergy by 135.7% during the 2nd quarter. Atwood & Palmer Inc. now owns 330 shares of the utilities provider’s stock worth $27,000 after buying an additional 190 shares during the period. GoalVest Advisory LLC lifted its holdings in Entergy by 5,733.3% during the 2nd quarter. GoalVest Advisory LLC now owns 350 shares of the utilities provider’s stock worth $29,000 after buying an additional 344 shares during the period. Atlantic Union Bankshares Corp bought a new stake in shares of Entergy in the 2nd quarter valued at about $30,000. Finally, Legacy Investment Solutions LLC acquired a new stake in shares of Entergy in the second quarter valued at about $31,000. Institutional investors own 88.07% of the company’s stock.

Insider Buying and Selling

In other news, insider Haley Fisackerly sold 5,136 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $96.50, for a total transaction of $495,624.00. Following the transaction, the insider directly owned 7,899 shares of the company’s stock, valued at $762,253.50. This represents a 39.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Ralph Lewis Ropp bought 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The stock was purchased at an average price of $96.69 per share, for a total transaction of $96,690.00. Following the completion of the acquisition, 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. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have sold 10,179 shares of company stock valued at $981,707. 0.39% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms recently commented on ETR. BTIG Research raised Entergy to a “strong-buy” rating in a research note on Wednesday, October 22nd. Royal Bank Of Canada raised shares of Entergy to a “moderate buy” rating in a research note on Tuesday, October 28th. Jefferies Financial Group assumed coverage on shares of Entergy in a research report on Thursday, September 4th. They set a “buy” rating and a $109.00 price objective for the company. Wells Fargo & Company upgraded shares of Entergy to a “strong-buy” rating in a report on Tuesday, October 28th. Finally, Scotiabank set a $105.00 price target on shares of Entergy and gave the company an “outperform” rating in a research report on Friday, October 3rd. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Entergy has an average rating of “Moderate Buy” and an average target price of $102.59.

Entergy Stock Performance

NYSE:ETR opened at $94.54 on Wednesday. The company has a quick ratio of 0.52, a current ratio of 0.71 and a debt-to-equity ratio of 1.62. Entergy Corporation has a twelve month low of $73.15 and a twelve month high of $98.58. The company has a fifty day moving average of $94.21 and a 200-day moving average of $88.27. The firm has a market capitalization of $42.22 billion, a P/E ratio of 23.34, a P/E/G ratio of 2.40 and a beta of 0.63.

Entergy (NYSE:ETR) last posted its quarterly earnings results on Friday, July 8th. The utilities provider reported $0.71 EPS 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 during the quarter. As a group, sell-side analysts anticipate that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Thursday, November 13th will be given a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Thursday, November 13th. This is a positive change from Entergy’s previous quarterly dividend of $0.60. Entergy’s dividend payout ratio is presently 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.