14,075 Shares in Entergy Corporation $ETR Bought by Machina Capital S.A.S.

Machina Capital S.A.S. purchased a new stake in Entergy Corporation (NYSE:ETR) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 14,075 shares of the utilities provider’s stock, valued at approximately $1,397,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bell Investment Advisors Inc acquired a new stake in shares of Entergy during the 2nd quarter worth approximately $28,000. City State Bank boosted its stake in Entergy by 439.6% during the third quarter. City State Bank now owns 259 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 211 shares in the last quarter. Pingora Partners LLC bought a new position in Entergy during the second quarter worth $30,000. Bank of New Hampshire grew its holdings in Entergy by 303.0% in the third quarter. Bank of New Hampshire now owns 266 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 200 shares during the period. Finally, Dynamic Wealth Strategies LLC acquired a new stake in Entergy in the first quarter worth $30,000. 88.07% of the stock is currently owned by institutional investors.

Insider Activity at Entergy

In other news, insider Laura Landreaux sold 5,600 shares of the stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $106.20, for a total value of $594,720.00. Following the completion of the sale, the insider directly owned 22,589 shares of the company’s stock, valued at $2,398,951.80. This represents a 19.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.21% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. HSBC assumed coverage on shares of Entergy in a research report on Thursday, October 22nd. They set a “buy” rating and a $123.50 price objective on the stock. Weiss Ratings raised Entergy from a “buy (b)” rating to a “buy (b+)” rating in a research note on Tuesday, November 3rd. Ladenburg Thalmann & Co. Inc. reduced their price objective on Entergy from $120.50 to $113.50 and set a “buy” rating for the company in a research note on Monday, October 12th. Jefferies Financial Group decreased their price objective on Entergy from $133.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday, October 20th. Finally, Barclays reaffirmed an “overweight” rating and set a $115.00 target price (down from $128.00) on shares of Entergy in a research report on Monday, October 19th. Twenty analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Entergy currently has a consensus rating of “Moderate Buy” and an average target price of $121.57.

Entergy Stock Down 0.0%

Shares of NYSE ETR opened at $111.97 on Friday. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.18 and a quick ratio of 0.93. The company has a 50-day moving average price of $105.20 and a 200-day moving average price of $108.03. The stock has a market capitalization of $53.50 billion, a P/E ratio of 25.74, a P/E/G ratio of 2.50 and a beta of 0.44. Entergy Corporation has a 1 year low of $90.87 and a 1 year high of $118.44.

Entergy (NYSE:ETR) last posted its earnings results on Monday, November 2nd. The utilities provider reported $1.98 earnings per share for the quarter, topping analysts’ consensus estimates of $1.73 by $0.25. Entergy had a net margin of 14.63% and a return on equity of 11.44%. The company had revenue of $4.37 billion for the quarter, compared to analyst estimates of $4.12 billion. During the same quarter in the prior year, the business posted $1.53 EPS. On average, equities research analysts forecast that Entergy Corporation will post 4.41 EPS for the current fiscal year.

Entergy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Friday, November 13th will be issued a dividend of $0.68 per share. The ex-dividend date of this dividend is Friday, November 13th. This represents a $2.72 dividend on an annualized basis and a yield of 2.4%. This is an increase from Entergy’s previous quarterly dividend of $0.64. Entergy’s dividend payout ratio is presently 58.85%.

Entergy Company Profile

Entergy Corporation is an investor-owned energy company headquartered in New Orleans. Its primary business is providing regulated electric utility service to residential, commercial and industrial customers. Through its utility subsidiaries, Entergy serves communities in Arkansas, Louisiana, Mississippi and Texas. Its operations include generating, transmitting and distributing electricity, with power produced from a mix of sources that includes nuclear energy. The company traces its corporate history to Middle South Utilities, which adopted the Entergy name in 1989.