Wedbush Securities Inc. Has $489,000 Stock Holdings in Entergy Corporation $ETR

Wedbush Securities Inc. grew its position in Entergy Corporation (NYSE:ETR) by 132.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,889 shares of the utilities provider’s stock after buying an additional 3,359 shares during the quarter. Wedbush Securities Inc.’s holdings in Entergy were worth $489,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in ETR. Mattson Financial Services LLC boosted its stake in Entergy by 100.0% in the first quarter. Mattson Financial Services LLC now owns 300 shares of the utilities provider’s stock valued at $26,000 after buying an additional 150 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Entergy during the 1st quarter worth about $28,000. Atwood & Palmer Inc. boosted its holdings 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 acquiring an additional 190 shares during the last quarter. GoalVest Advisory LLC raised its stake in Entergy by 5,733.3% during the second 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 last quarter. Finally, Atlantic Union Bankshares Corp acquired a new position in shares of Entergy in the 2nd quarter valued at about $30,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on ETR shares. Barclays set a $100.00 price objective on Entergy and gave the company an “overweight” rating in a research note on Monday, October 6th. KeyCorp reiterated an “overweight” rating and issued a $106.00 price objective (up previously from $96.00) on shares of Entergy in a research note on Wednesday, October 15th. Scotiabank set a $105.00 target price on Entergy and gave the stock an “outperform” rating in a research note on Friday, October 3rd. Wells Fargo & Company raised shares of Entergy to a “strong-buy” rating in a research report on Tuesday, October 28th. Finally, Evercore ISI lifted their price objective on Entergy from $98.00 to $101.00 and gave the stock 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 assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $102.37.

Insider Transactions at Entergy

In other Entergy news, insider Anastasia Minor sold 5,000 shares of Entergy stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $96.39, for a total value of $481,950.00. Following the completion of the sale, the insider owned 10,122 shares of the company’s stock, valued at approximately $975,659.58. The trade was a 33.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Haley Fisackerly sold 5,136 shares of the 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 completion of the transaction, the insider owned 7,899 shares in the company, valued at $762,253.50. This trade represents a 39.40% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 10,179 shares of company stock worth $981,707. Insiders own 0.47% of the company’s stock.

Entergy Trading Down 0.2%

NYSE:ETR opened at $96.89 on Wednesday. The firm has a market capitalization of $43.27 billion, a P/E ratio of 23.92, a P/E/G ratio of 2.40 and a beta of 0.63. The company has a fifty day moving average of $93.43 and a 200 day moving average of $87.88. 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 52 week low of $73.15 and a 52 week high of $98.58.

Entergy (NYSE:ETR) last released 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 net margin of 14.26% and a return on equity of 11.53%. On average, research analysts predict that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Thursday, November 13th will be issued a dividend of $0.64 per share. The ex-dividend date of this dividend is Thursday, November 13th. This is an increase from Entergy’s previous quarterly dividend of $0.60. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.6%. Entergy’s dividend payout ratio is currently 63.21%.

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.