World Investment Advisors Grows Stock Holdings in Entergy Corporation $ETR

World Investment Advisors lifted its position in shares of Entergy Corporation (NYSE:ETR) by 269.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,384 shares of the utilities provider’s stock after purchasing an additional 16,332 shares during the period. World Investment Advisors’ holdings in Entergy were worth $2,086,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Mattson Financial Services LLC raised its position in Entergy by 100.0% during the 1st quarter. Mattson Financial Services LLC now owns 300 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 150 shares during the last quarter. Atwood & Palmer Inc. increased its stake in shares of Entergy by 135.7% during 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 period. Capital A Wealth Management LLC raised its holdings in shares of Entergy by 5,466.7% during the second quarter. Capital A Wealth Management LLC now owns 334 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 328 shares in the last quarter. GoalVest Advisory LLC raised its holdings in shares of Entergy by 5,733.3% during the second quarter. GoalVest Advisory LLC now owns 350 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 344 shares in the last quarter. Finally, Atlantic Union Bankshares Corp purchased a new stake in Entergy in the second quarter worth $30,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Insiders Place Their Bets

In other Entergy news, Director Ralph Lewis Ropp acquired 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 12th. The shares were bought at an average price of $96.69 per share, with a total value 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Haley Fisackerly sold 5,136 shares of Entergy stock in a transaction 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 owned 7,899 shares in the company, valued at $762,253.50. This represents a 39.40% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 10,179 shares of company stock valued at $981,707. Company insiders own 0.39% of the company’s stock.

Entergy Stock Performance

Shares of ETR opened at $92.93 on Friday. 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 $94.72 and its 200-day moving average price is $90.41. Entergy Corporation has a 52 week low of $74.72 and a 52 week high of $98.58. The stock has a market cap of $41.50 billion, a P/E ratio of 22.94, a P/E/G ratio of 2.33 and a beta of 0.62.

Entergy (NYSE:ETR) last posted its quarterly 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 return on equity of 11.53% and a net margin of 14.26%. Equities research analysts anticipate that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Increases Dividend

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

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Wells Fargo & Company raised shares of Entergy to a “strong-buy” rating in a research report on Tuesday, October 28th. UBS Group reaffirmed a “buy” rating and set a $105.00 target price (up previously from $96.00) on shares of Entergy in a research note on Wednesday, December 17th. Wall Street Zen downgraded shares of Entergy from a “hold” rating to a “sell” rating in a research note on Monday, December 22nd. Royal Bank Of Canada upgraded shares of Entergy to a “moderate buy” rating in a report on Tuesday, October 28th. Finally, Bank of America lifted their price objective on Entergy from $88.00 to $97.00 and gave the company a “neutral” rating in a research report on Thursday, October 16th. 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 stock. Based on data from MarketBeat, Entergy currently has a consensus rating of “Moderate Buy” and an average price target of $103.09.

Entergy Company Profile

Entergy Corporation (NYSE:ETR) is an integrated energy company headquartered in New Orleans, Louisiana, that generates, transmits and distributes electricity. The company’s operations combine regulated utility services with competitive power production, supplying retail electricity to residential, commercial and industrial customers while also participating in wholesale energy markets. Entergy’s generation fleet includes nuclear, natural gas, hydropower and other resources, and it operates a network of transmission and distribution assets to deliver power to end users.

Entergy conducts its regulated utility business through state-based operating subsidiaries that serve customers across parts of Arkansas, Louisiana, Mississippi and southeast Texas.