Continuum Advisory LLC Grows Stake in Entergy Corporation $ETR

Continuum Advisory LLC boosted its position in shares of Entergy Corporation (NYSE:ETR) by 236.0% in the third quarter, Holdings Channel reports. The fund owned 31,422 shares of the utilities provider’s stock after purchasing an additional 22,069 shares during the quarter. Continuum Advisory LLC’s holdings in Entergy were worth $2,928,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of ETR. Vanguard Group Inc. grew its stake in shares of Entergy by 3.0% during the 2nd quarter. Vanguard Group Inc. now owns 56,459,668 shares of the utilities provider’s stock valued at $4,692,928,000 after purchasing an additional 1,630,674 shares during the period. State Street Corp lifted its stake in shares of Entergy by 4.5% in the 2nd quarter. State Street Corp now owns 22,920,881 shares of the utilities provider’s stock worth $1,905,184,000 after purchasing an additional 981,750 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of Entergy by 3.6% in the second quarter. Ameriprise Financial Inc. now owns 13,652,982 shares of the utilities provider’s stock worth $1,134,850,000 after buying an additional 479,093 shares during the last quarter. Geode Capital Management LLC grew its position in Entergy by 4.7% during the second quarter. Geode Capital Management LLC now owns 11,242,611 shares of the utilities provider’s stock valued at $930,541,000 after buying an additional 505,344 shares during the period. Finally, Boston Partners grew its position in Entergy by 114.9% during the second quarter. Boston Partners now owns 6,940,628 shares of the utilities provider’s stock valued at $578,531,000 after buying an additional 3,710,814 shares during the period. Institutional investors own 88.07% of the company’s stock.

Insider Activity at Entergy

In related news, Director Ralph Lewis Ropp bought 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The stock was bought at an average cost of $96.69 per share, with a total value of $96,690.00. Following the completion of the purchase, the director 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 position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Haley Fisackerly sold 5,136 shares of Entergy stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $96.50, for a total transaction of $495,624.00. Following the completion of the sale, the insider owned 7,899 shares in the company, valued at approximately $762,253.50. This represents a 39.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 10,179 shares of company stock valued at $981,707. Corporate insiders own 0.47% of the company’s stock.

Analyst Ratings Changes

ETR has been the topic of several recent research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Entergy in a research report on Wednesday, October 8th. Citigroup upped their price objective on Entergy from $91.00 to $106.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 18th. Royal Bank Of Canada upgraded Entergy to a “moderate buy” rating in a research report on Tuesday, October 28th. JPMorgan Chase & Co. cut their price target on Entergy from $113.00 to $108.00 and set an “overweight” rating for the company in a report on Thursday, December 11th. Finally, BMO Capital Markets restated an “outperform” rating and issued a $104.00 price target (up previously from $96.00) on shares of Entergy in a research report on Tuesday, October 14th. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Entergy presently has an average rating of “Moderate Buy” and a consensus price target of $103.09.

Entergy Stock Performance

NYSE ETR opened at $93.04 on Tuesday. The company has a quick ratio of 0.48, a current ratio of 0.71 and a debt-to-equity ratio of 1.62. Entergy Corporation has a twelve month low of $74.72 and a twelve month high of $98.58. The business has a 50-day moving average price of $94.65 and a 200-day moving average price of $90.54. The firm has a market cap of $41.55 billion, a price-to-earnings ratio of 22.97, a price-to-earnings-growth ratio of 2.33 and a beta of 0.62.

Entergy (NYSE:ETR) last issued its 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 company had revenue of $2.37 billion for the quarter. As a group, equities research analysts predict that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Thursday, November 13th were issued a $0.64 dividend. This represents a $2.56 annualized dividend and a dividend yield of 2.8%. This is a boost from Entergy’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Thursday, November 13th. Entergy’s payout ratio is presently 63.21%.

About Entergy

Entergy Corporation (NYSE:ETR) is an integrated energy company headquartered in New Orleans, Louisiana, that generates, transmits and distributes electricity. The company’s operations combine regulated utility services with competitive power production, supplying retail electricity to residential, commercial and industrial customers while also participating in wholesale energy markets. Entergy’s generation fleet includes nuclear, natural gas, hydropower and other resources, and it operates a network of transmission and distribution assets to deliver power to end users.

Entergy conducts its regulated utility business through state-based operating subsidiaries that serve customers across parts of Arkansas, Louisiana, Mississippi and southeast Texas.