Entergy Corporation $ETR Shares Bought by Brevan Howard Capital Management LP

Brevan Howard Capital Management LP grew its stake in shares of Entergy Corporation (NYSE:ETR) by 25.1% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 161,204 shares of the utilities provider’s stock after buying an additional 32,316 shares during the quarter. Brevan Howard Capital Management LP’s holdings in Entergy were worth $13,399,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. HB Wealth Management LLC grew its holdings in shares of Entergy by 15.2% during the 2nd quarter. HB Wealth Management LLC now owns 22,271 shares of the utilities provider’s stock worth $1,851,000 after purchasing an additional 2,932 shares during the period. Zurich Insurance Group Ltd FI purchased a new position in Entergy in the first quarter valued at approximately $32,658,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Entergy by 26.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 96,142 shares of the utilities provider’s stock valued at $8,219,000 after buying an additional 19,862 shares in the last quarter. Empowered Funds LLC grew its stake in Entergy by 369.8% during the first quarter. Empowered Funds LLC now owns 86,001 shares of the utilities provider’s stock worth $7,352,000 after buying an additional 67,696 shares during the period. Finally, G&S Capital LLC acquired a new stake in shares of Entergy in the second quarter worth $2,557,000. 88.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on ETR. Weiss Ratings reissued a “buy (b)” rating on shares of Entergy in a research note on Wednesday, October 8th. Morgan Stanley set a $91.00 price target on Entergy in a report on Thursday, November 20th. Royal Bank Of Canada upgraded Entergy to a “moderate buy” rating in a research note on Tuesday, October 28th. Mizuho increased their target price on Entergy from $97.00 to $104.00 and gave the company an “outperform” rating in a research note on Monday, October 27th. Finally, Evercore ISI raised their target price on Entergy from $98.00 to $101.00 and gave the company an “in-line” rating in a report on Thursday, October 30th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $102.53.

Entergy Stock Down 1.1%

Shares of NYSE ETR opened at $92.26 on Friday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.48 and a current ratio of 0.71. Entergy Corporation has a 1 year low of $73.15 and a 1 year high of $98.58. The stock’s 50-day simple moving average is $95.48 and its 200-day simple moving average is $89.66. The firm has a market cap of $41.20 billion, a price-to-earnings ratio of 22.78, a PEG ratio of 2.34 and a beta of 0.62.

Entergy (NYSE:ETR) last issued its quarterly earnings results on Friday, July 8th. The utilities provider reported $0.71 EPS for the quarter. Entergy had a return on equity of 11.53% and a net margin of 14.26%.The firm had revenue of $2.37 billion during the quarter. As a group, equities analysts anticipate that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Thursday, November 13th were paid a $0.64 dividend. 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 was Thursday, November 13th. Entergy’s payout ratio is presently 63.21%.

Insider Activity at Entergy

In other news, insider Haley Fisackerly sold 5,136 shares of the company’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $96.50, for a total value of $495,624.00. Following the sale, the insider owned 7,899 shares in the company, valued at approximately $762,253.50. This represents a 39.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Anastasia Minor sold 5,000 shares of Entergy stock in a transaction dated 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. This trade represents a 33.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 10,179 shares of company stock valued at $981,707 over the last ninety days. Corporate insiders own 0.39% of the company’s stock.

Entergy Company Profile

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.