FORA Capital LLC Has $5.59 Million Stock Holdings in Entergy Corporation $ETR

FORA Capital LLC grew its position in shares of Entergy Corporation (NYSE:ETR) by 75.3% in the second quarter, HoldingsChannel reports. The fund owned 67,250 shares of the utilities provider’s stock after acquiring an additional 28,889 shares during the period. FORA Capital LLC’s holdings in Entergy were worth $5,590,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CANADA LIFE ASSURANCE Co boosted its holdings in Entergy by 7.3% during the second quarter. CANADA LIFE ASSURANCE Co now owns 243,243 shares of the utilities provider’s stock worth $20,224,000 after purchasing an additional 16,450 shares during the last quarter. MUFG Securities EMEA plc bought a new stake in Entergy during the 2nd quarter worth about $110,000. Semmax Financial Advisors Inc. boosted its stake in shares of Entergy by 1.6% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 52,798 shares of the utilities provider’s stock worth $4,777,000 after buying an additional 847 shares during the last quarter. Keel Point LLC grew its holdings in shares of Entergy by 3.3% in the 2nd quarter. Keel Point LLC now owns 7,557 shares of the utilities provider’s stock valued at $628,000 after acquiring an additional 243 shares in the last quarter. Finally, Voleon Capital Management LP acquired a new stake in shares of Entergy in the second quarter valued at about $277,000. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Entergy Stock Performance

Shares of NYSE ETR opened at $92.26 on Friday. The company has a current ratio of 0.71, a quick ratio of 0.48 and a debt-to-equity ratio of 1.62. The company has a market capitalization of $41.20 billion, a P/E ratio of 22.78, a P/E/G ratio of 2.32 and a beta of 0.62. Entergy Corporation has a 12 month low of $73.15 and a 12 month high of $98.58. The stock has a 50 day moving average of $95.48 and a 200-day moving average of $89.71.

Entergy (NYSE:ETR) last announced its quarterly earnings results on Friday, July 8th. The utilities provider reported $0.71 earnings per share (EPS) for the quarter. Entergy had a return on equity of 11.53% and a net margin of 14.26%.The business had revenue of $2.37 billion during the quarter. As a group, equities research analysts predict that Entergy Corporation will post 3.88 EPS for the current 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 dividend of $0.64 per share. This represents a $2.56 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Thursday, November 13th. This is a positive change from Entergy’s previous quarterly dividend of $0.60. Entergy’s payout ratio is presently 63.21%.

Insider Activity at Entergy

In other Entergy news, insider Haley Fisackerly sold 5,136 shares of the stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $96.50, for a total value of $495,624.00. Following the transaction, the insider directly owned 7,899 shares of the company’s stock, valued at $762,253.50. This represents a 39.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ralph Lewis Ropp acquired 1,000 shares of the business’s stock in a transaction 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 transaction, the director directly owned 1,050 shares of the company’s stock, valued at approximately $101,524.50. The trade was a 2,000.00% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders have sold 10,179 shares of company stock worth $981,707. Insiders own 0.39% of the company’s stock.

Analyst Ratings Changes

ETR has been the topic of several analyst reports. KeyCorp set a $102.00 target price on Entergy and gave the stock an “overweight” rating in a report on Friday. Wells Fargo & Company upgraded Entergy to a “strong-buy” rating in a research note on Tuesday, October 28th. Weiss Ratings reissued a “buy (b)” rating on shares of Entergy in a research note on Wednesday, October 8th. BMO Capital Markets restated an “outperform” rating and set a $104.00 target price (up from $96.00) on shares of Entergy in a report on Tuesday, October 14th. Finally, Royal Bank Of Canada upgraded shares of Entergy to a “moderate buy” rating in a research note on Tuesday, October 28th. Two investment 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. According to data from MarketBeat, Entergy has a consensus rating of “Moderate Buy” and a consensus target price of $102.53.

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.