LVW Advisors LLC Raises Stock Holdings in Entergy Co. (NYSE:ETR)

LVW Advisors LLC grew its stake in Entergy Co. (NYSE:ETR) by 22.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,425 shares of the utilities provider’s stock after acquiring an additional 448 shares during the quarter. LVW Advisors LLC’s holdings in Entergy were worth $256,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in ETR. Wealth Alliance lifted its position in Entergy by 1.2% during the fourth quarter. Wealth Alliance now owns 8,201 shares of the utilities provider’s stock worth $830,000 after buying an additional 101 shares during the period. Marino Stram & Associates LLC grew its stake in shares of Entergy by 1.8% in the fourth quarter. Marino Stram & Associates LLC now owns 5,778 shares of the utilities provider’s stock valued at $585,000 after buying an additional 102 shares in the last quarter. Prossimo Advisors LLC grew its stake in shares of Entergy by 2.5% in the fourth quarter. Prossimo Advisors LLC now owns 4,512 shares of the utilities provider’s stock valued at $457,000 after buying an additional 110 shares in the last quarter. Stratos Wealth Partners LTD. grew its stake in Entergy by 1.9% during the 4th quarter. Stratos Wealth Partners LTD. now owns 6,657 shares of the utilities provider’s stock valued at $674,000 after purchasing an additional 124 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC grew its stake in Entergy by 2.3% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 5,550 shares of the utilities provider’s stock valued at $562,000 after purchasing an additional 126 shares in the last quarter. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CAO Reginald T. Jackson sold 9,229 shares of Entergy stock in a transaction on Monday, May 6th. The stock was sold at an average price of $108.71, for a total transaction of $1,003,284.59. Following the transaction, the chief accounting officer now owns 2,166 shares in the company, valued at $235,465.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Entergy news, insider Haley Fisackerly sold 1,500 shares of the business’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $110.23, for a total value of $165,345.00. Following the transaction, the insider now owns 2,479 shares in the company, valued at $273,260.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Reginald T. Jackson sold 9,229 shares of the business’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $108.71, for a total value of $1,003,284.59. Following the completion of the transaction, the chief accounting officer now owns 2,166 shares in the company, valued at approximately $235,465.86. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ETR. Wells Fargo & Company raised their price objective on Entergy from $122.00 to $125.00 and gave the company an “overweight” rating in a research note on Wednesday, June 5th. BMO Capital Markets raised their price objective on Entergy from $118.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, June 6th. Barclays raised their price objective on Entergy from $107.00 to $116.00 and gave the stock an “equal weight” rating in a research note on Wednesday, June 5th. LADENBURG THALM/SH SH restated a “neutral” rating and set a $109.50 price objective (down from $117.00) on shares of Entergy in a research note on Wednesday, June 12th. Finally, Scotiabank dropped their target price on Entergy from $111.00 to $104.00 and set a “sector perform” rating on the stock in a research report on Monday, April 22nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $113.73.

Entergy Stock Up 0.2 %

ETR opened at $107.00 on Monday. Entergy Co. has a one year low of $87.10 and a one year high of $114.28. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.45 and a current ratio of 0.69. The stock’s fifty day moving average is $108.89 and its 200-day moving average is $104.30. The company has a market capitalization of $22.85 billion, a PE ratio of 10.73, a P/E/G ratio of 2.02 and a beta of 0.71.

Entergy (NYSE:ETR) last issued its earnings results 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 during the quarter, compared to analyst estimates of $3.16 billion. Entergy had a return on equity of 10.20% and a net margin of 17.75%. The business’s revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.14 earnings per share. On average, equities analysts predict that Entergy Co. will post 7.22 EPS for the current fiscal year.

Entergy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Thursday, May 2nd were issued a dividend of $1.13 per share. The ex-dividend date of this dividend was Wednesday, May 1st. This represents a $4.52 dividend on an annualized basis and a dividend yield of 4.22%. Entergy’s dividend payout ratio is 45.34%.

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.