iSAM Funds UK Ltd Buys 31,461 Shares of Entergy Corporation $ETR

iSAM Funds UK Ltd lifted its stake in Entergy Corporation (NYSE:ETR) by 320.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 41,270 shares of the utilities provider’s stock after buying an additional 31,461 shares during the period. Entergy comprises approximately 0.8% of iSAM Funds UK Ltd’s holdings, making the stock its 15th largest holding. iSAM Funds UK Ltd’s holdings in Entergy were worth $3,430,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of ETR. Mesirow Financial Investment Management Inc. grew its position in Entergy by 3.1% in the second quarter. Mesirow Financial Investment Management Inc. now owns 3,864 shares of the utilities provider’s stock valued at $321,000 after acquiring an additional 116 shares during the period. DekaBank Deutsche Girozentrale boosted its stake in shares of Entergy by 0.3% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 41,397 shares of the utilities provider’s stock valued at $3,377,000 after purchasing an additional 118 shares in the last quarter. CW Advisors LLC grew its holdings in shares of Entergy by 3.4% in the 2nd quarter. CW Advisors LLC now owns 3,706 shares of the utilities provider’s stock worth $308,000 after purchasing an additional 121 shares during the last quarter. Virtus Investment Advisers LLC increased its position in shares of Entergy by 6.2% during the 2nd quarter. Virtus Investment Advisers LLC now owns 2,119 shares of the utilities provider’s stock worth $176,000 after purchasing an additional 124 shares in the last quarter. Finally, My Legacy Advisors LLC lifted its holdings in Entergy by 0.8% during the 2nd quarter. My Legacy Advisors LLC now owns 16,576 shares of the utilities provider’s stock valued at $1,361,000 after purchasing an additional 128 shares during the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Insider Transactions at Entergy

In other Entergy news, insider Anastasia Minor sold 5,000 shares of the firm’s 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 transaction, the insider directly owned 10,122 shares of the company’s stock, valued at approximately $975,659.58. This trade represents a 33.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ralph Lewis Ropp bought 1,000 shares of the stock in a transaction on Wednesday, November 12th. The shares were acquired at an average cost 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 approximately $101,524.50. This trade represents a 2,000.00% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders sold a total of 10,179 shares of company stock worth $981,707 in the last quarter. 0.47% of the stock is owned by company insiders.

Entergy Stock Down 1.4%

NYSE ETR opened at $92.87 on Tuesday. The stock has a market capitalization of $41.48 billion, a P/E ratio of 22.93, a price-to-earnings-growth ratio of 2.36 and a beta of 0.62. Entergy Corporation has a 52 week low of $73.15 and a 52 week high of $98.58. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.48 and a current ratio of 0.71. The stock has a fifty day moving average of $95.55 and a 200-day moving average of $89.46.

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 business had revenue of $2.37 billion for the quarter. Entergy had a return on equity of 11.53% and a net margin of 14.26%. On average, equities research analysts forecast that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Thursday, November 13th were paid 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 63.21%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on ETR shares. BMO Capital Markets restated an “outperform” rating and issued a $104.00 price target (up from $96.00) on shares of Entergy in a research report on Tuesday, October 14th. JPMorgan Chase & Co. boosted their target price on Entergy from $102.00 to $103.00 and gave the stock an “overweight” rating in a report on Thursday, August 21st. Weiss Ratings restated a “buy (b)” rating on shares of Entergy in a research report on Wednesday, October 8th. Wells Fargo & Company raised Entergy to a “strong-buy” rating in a report on Tuesday, October 28th. Finally, Bank of America boosted their price objective on Entergy from $88.00 to $97.00 and gave the stock a “neutral” rating in a research note on Thursday, October 16th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $102.47.

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.