Union Bancaire Privee UBP SA Boosts Holdings in Entergy Corporation $ETR

Union Bancaire Privee UBP SA raised its position in Entergy Corporation (NYSE:ETR) by 181.0% in the 3rd quarter, Holdings Channel.com reports. The fund owned 56,646 shares of the utilities provider’s stock after acquiring an additional 36,486 shares during the quarter. Union Bancaire Privee UBP SA’s holdings in Entergy were worth $4,923,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the business. Mattson Financial Services LLC boosted its position in shares of Entergy by 100.0% in the 1st quarter. Mattson Financial Services LLC now owns 300 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 150 shares in the last quarter. Atwood & Palmer Inc. raised its stake in Entergy by 135.7% in the second quarter. Atwood & Palmer Inc. now owns 330 shares of the utilities provider’s stock valued at $27,000 after buying an additional 190 shares during the last quarter. Capital A Wealth Management LLC raised its stake in Entergy by 5,466.7% in the second quarter. Capital A Wealth Management LLC now owns 334 shares of the utilities provider’s stock valued at $28,000 after buying an additional 328 shares during the last quarter. GoalVest Advisory LLC boosted its holdings in Entergy by 5,733.3% in the second quarter. GoalVest Advisory LLC now owns 350 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 344 shares in the last quarter. Finally, Atlantic Union Bankshares Corp purchased a new stake in shares of Entergy during the second quarter worth about $30,000. 88.07% of the stock is owned by institutional investors and hedge funds.

Entergy Stock Performance

Shares of NYSE ETR opened at $92.79 on Wednesday. The company has a 50 day simple moving average of $95.35 and a two-hundred day simple moving average of $89.91. The stock has a market cap of $41.44 billion, a price-to-earnings ratio of 22.91, a PEG ratio of 2.35 and a beta of 0.62. The company has a current ratio of 0.71, a quick ratio of 0.48 and a debt-to-equity ratio of 1.62. Entergy Corporation has a 12 month low of $73.15 and a 12 month high of $98.58.

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

Entergy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Thursday, November 13th were issued a $0.64 dividend. This is a boost from Entergy’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Thursday, November 13th. This represents a $2.56 annualized dividend and a dividend yield of 2.8%. Entergy’s payout ratio is presently 63.21%.

Insider Transactions at Entergy

In related news, Director Ralph Lewis Ropp bought 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 12th. The shares were purchased at an average cost of $96.69 per share, with a total value of $96,690.00. Following the completion of the acquisition, the director directly owned 1,050 shares in the company, valued at approximately $101,524.50. The trade was a 2,000.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Haley Fisackerly sold 5,136 shares of Entergy stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $96.50, for a total value of $495,624.00. Following the transaction, the insider owned 7,899 shares of the company’s stock, valued at approximately $762,253.50. This represents a 39.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 10,179 shares of company stock worth $981,707 over the last quarter. 0.47% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on ETR. Jefferies Financial Group began coverage on shares of Entergy in a research report on Thursday, September 4th. They issued a “buy” rating and a $109.00 price objective for the company. Weiss Ratings restated a “buy (b)” rating on shares of Entergy in a research note on Wednesday, October 8th. KeyCorp set a $102.00 price objective on shares of Entergy and gave the stock an “overweight” rating in a research note on Friday. Scotiabank set a $105.00 price objective on shares of Entergy and gave the company an “outperform” rating in a report on Friday, October 3rd. Finally, Royal Bank Of Canada upgraded Entergy to a “moderate buy” rating in a research note on Tuesday, October 28th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $102.53.

Entergy 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.