Martin Capital Partners LLC Sells 32,846 Shares of Entergy Corporation $ETR

Martin Capital Partners LLC decreased its holdings in shares of Entergy Corporation (NYSE:ETR) by 32.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 69,000 shares of the utilities provider’s stock after selling 32,846 shares during the period. Entergy makes up 2.5% of Martin Capital Partners LLC’s holdings, making the stock its 19th largest position. Martin Capital Partners LLC’s holdings in Entergy were worth $6,430,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Mesirow Financial Investment Management Inc. lifted its stake in Entergy by 3.1% in the second quarter. Mesirow Financial Investment Management Inc. now owns 3,864 shares of the utilities provider’s stock valued at $321,000 after buying an additional 116 shares during the period. DekaBank Deutsche Girozentrale increased its stake in shares of Entergy by 0.3% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 41,397 shares of the utilities provider’s stock valued at $3,377,000 after acquiring an additional 118 shares during the last quarter. CW Advisors LLC raised its position in shares of Entergy by 3.4% in the 2nd quarter. CW Advisors LLC now owns 3,706 shares of the utilities provider’s stock valued at $308,000 after acquiring an additional 121 shares during the period. Virtus Investment Advisers LLC boosted its stake in Entergy by 6.2% during the 2nd quarter. Virtus Investment Advisers LLC now owns 2,119 shares of the utilities provider’s stock worth $176,000 after acquiring an additional 124 shares during the last quarter. Finally, My Legacy Advisors LLC increased its stake in Entergy by 0.8% in the second quarter. My Legacy Advisors LLC now owns 16,576 shares of the utilities provider’s stock valued at $1,361,000 after purchasing an additional 128 shares in the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Royal Bank Of Canada upgraded shares of Entergy to a “moderate buy” rating in a research report on Tuesday, October 28th. Mizuho lifted their price objective on Entergy from $97.00 to $104.00 and gave the company an “outperform” rating in a report on Monday, October 27th. Wall Street Zen raised Entergy from a “sell” rating to a “hold” rating in a research note on Sunday. Scotiabank set a $105.00 price target on shares of Entergy and gave the company an “outperform” rating in a research note on Friday, October 3rd. Finally, KeyCorp set a $102.00 price objective on shares of Entergy and gave the stock an “overweight” rating in a report on Friday. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $102.53.

Insider Transactions at Entergy

In other Entergy news, insider Haley Fisackerly sold 5,136 shares of Entergy 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 completion of the sale, the insider owned 7,899 shares in the company, valued at $762,253.50. The trade was a 39.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Anastasia Minor sold 5,000 shares of the firm’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 transaction of $481,950.00. Following the transaction, the insider directly owned 10,122 shares in the company, valued at $975,659.58. This represents a 33.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 10,179 shares of company stock worth $981,707. Company insiders own 0.47% of the company’s stock.

Entergy Price Performance

Shares of NYSE ETR opened at $93.77 on Tuesday. The company has a quick ratio of 0.48, a current ratio of 0.71 and a debt-to-equity ratio of 1.62. The business’s 50 day moving average price is $95.41 and its two-hundred day moving average price is $89.84. The company has a market cap of $41.88 billion, a PE ratio of 23.15, a price-to-earnings-growth ratio of 2.32 and a beta of 0.62. Entergy Corporation has a twelve month low of $73.15 and a twelve month high of $98.58.

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

Entergy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Thursday, November 13th were issued a dividend of $0.64 per share. This is a boost from Entergy’s previous quarterly dividend of $0.60. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Thursday, November 13th. 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.