Volterra Technologies LP Takes Position in Entergy Corporation $ETR

Volterra Technologies LP acquired a new position in shares of Entergy Corporation (NYSE:ETR) in the 2nd quarter, Holdings Channel.com reports. The fund acquired 5,578 shares of the utilities provider’s stock, valued at approximately $464,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC increased its holdings in Entergy by 275.6% during the 4th quarter. Brighton Jones LLC now owns 9,176 shares of the utilities provider’s stock worth $696,000 after purchasing an additional 6,733 shares in the last quarter. Nuveen LLC bought a new position in shares of Entergy in the 1st quarter valued at about $123,648,000. SouthState Corp increased its stake in shares of Entergy by 711.2% during the 1st quarter. SouthState Corp now owns 941 shares of the utilities provider’s stock worth $80,000 after purchasing an additional 825 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in shares of Entergy in the 1st quarter valued at about $275,000. Finally, Public Sector Pension Investment Board raised its holdings in shares of Entergy by 3.0% in the 1st quarter. Public Sector Pension Investment Board now owns 114,645 shares of the utilities provider’s stock valued at $9,801,000 after purchasing an additional 3,336 shares during the period. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Ralph Lewis Ropp acquired 1,000 shares of the business’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 acquisition, the director directly owned 1,050 shares in the company, valued at $101,524.50. The trade was a 2,000.00% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Anastasia Minor sold 5,000 shares of the company’s 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 directly 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 disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 10,179 shares of company stock valued at $981,707. 0.39% of the stock is currently owned by insiders.

Entergy Price Performance

Entergy stock opened at $93.33 on Thursday. 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 52 week low of $73.15 and a 52 week high of $98.58. The stock has a market capitalization of $41.68 billion, a P/E ratio of 23.05, a price-to-earnings-growth ratio of 2.34 and a beta of 0.62. The stock has a fifty day moving average of $95.55 and a 200-day moving average of $89.57.

Entergy (NYSE:ETR) last issued its earnings results on Friday, July 8th. The utilities provider reported $0.71 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%. On average, sell-side analysts expect 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. Shareholders of record on Thursday, November 13th were given a $0.64 dividend. 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 yield of 2.7%. The ex-dividend date was Thursday, November 13th. Entergy’s dividend payout ratio (DPR) is 63.21%.

Wall Street Analysts Forecast Growth

ETR has been the topic of several research analyst reports. Mizuho upped their price objective on Entergy from $97.00 to $104.00 and gave the company an “outperform” rating in a research note on Monday, October 27th. JPMorgan Chase & Co. lifted their price objective on shares of Entergy from $102.00 to $103.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st. Weiss Ratings reiterated a “buy (b)” rating on shares of Entergy in a report on Wednesday, October 8th. Bank of America increased their target price on Entergy from $88.00 to $97.00 and gave the stock a “neutral” rating in a report on Thursday, October 16th. Finally, Evercore ISI boosted their price target on Entergy from $98.00 to $101.00 and gave the company an “in-line” rating in a research note on Thursday, October 30th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $102.47.

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.