Atlas Capital Advisors LLC Acquires 256 Shares of Entergy Co. (NYSE:ETR)

Atlas Capital Advisors LLC grew its holdings in Entergy Co. (NYSE:ETR) by 182.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 396 shares of the utilities provider’s stock after acquiring an additional 256 shares during the period. Atlas Capital Advisors LLC’s holdings in Entergy were worth $42,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Tidemark LLC bought a new position in Entergy in the 4th quarter worth $25,000. Fortis Group Advisors LLC purchased a new position in shares of Entergy during the 3rd quarter valued at about $32,000. OLD Point Trust & Financial Services N A bought a new position in shares of Entergy during the 4th quarter valued at approximately $35,000. CVA Family Office LLC purchased a new stake in Entergy in the 4th quarter worth approximately $41,000. Finally, Able Wealth Management LLC bought a new stake in Entergy during the 4th quarter worth approximately $43,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Entergy Stock Performance

Entergy stock opened at $106.71 on Friday. The company has a quick ratio of 0.45, a current ratio of 0.69 and a debt-to-equity ratio of 1.68. Entergy Co. has a twelve month low of $87.10 and a twelve month high of $114.28. The company’s 50-day moving average price is $108.83 and its 200-day moving average price is $104.24. The company has a market cap of $22.79 billion, a PE ratio of 10.70, a price-to-earnings-growth ratio of 2.01 and a beta of 0.73.

Entergy (NYSE:ETR) last issued its quarterly earnings data on Wednesday, April 24th. The utilities provider reported $1.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.36). The company had revenue of $31.17 billion for the quarter, compared to analysts’ expectations of $3.16 billion. Entergy had a net margin of 17.75% and a return on equity of 10.20%. The company’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter last year, the company earned $1.14 earnings per share. On average, equities research analysts forecast that Entergy Co. will post 7.22 EPS for the current fiscal year.

Entergy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Thursday, May 2nd were paid a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 4.24%. The ex-dividend date was Wednesday, May 1st. Entergy’s payout ratio is currently 45.34%.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Morgan Stanley decreased their price objective on shares of Entergy from $103.00 to $98.00 and set an “underweight” rating on the stock in a research report on Monday. Barclays boosted their price objective on Entergy from $107.00 to $116.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 5th. LADENBURG THALM/SH SH reiterated a “neutral” rating and set a $109.50 target price (down previously from $117.00) on shares of Entergy in a research report on Wednesday, June 12th. KeyCorp lifted their price objective on shares of Entergy from $112.00 to $123.00 and gave the company an “overweight” rating in a research report on Monday, May 20th. Finally, Wells Fargo & Company upped their target price on shares of Entergy from $122.00 to $125.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 5th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $113.73.

Insider Buying and Selling at Entergy

In other news, CAO Reginald T. Jackson sold 9,229 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $108.71, for a total value of $1,003,284.59. Following the sale, the chief accounting officer now directly owns 2,166 shares in the company, valued at $235,465.86. The sale was disclosed in a document filed with the SEC, which is available at this link. In other Entergy news, insider Haley Fisackerly sold 1,500 shares of the company’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $110.23, for a total value of $165,345.00. Following the transaction, the insider now directly owns 2,479 shares in the company, valued at approximately $273,260.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Reginald T. Jackson sold 9,229 shares of Entergy stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $108.71, for a total transaction of $1,003,284.59. Following the sale, the chief accounting officer now directly owns 2,166 shares of the company’s stock, valued at approximately $235,465.86. The disclosure for this sale can be found here. Company insiders own 0.39% of the company’s stock.

About Entergy

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.