Wealth Enhancement Advisory Services LLC Sells 576 Shares of Entergy Co. (NYSE:ETR)

Wealth Enhancement Advisory Services LLC trimmed its stake in Entergy Co. (NYSE:ETR) by 2.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,303 shares of the utilities provider’s stock after selling 576 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Entergy were worth $2,357,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Entergy by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 26,038,725 shares of the utilities provider’s stock worth $2,408,582,000 after acquiring an additional 104,803 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of Entergy by 25.2% during the 4th quarter. Franklin Resources Inc. now owns 3,961,859 shares of the utilities provider’s stock worth $400,901,000 after acquiring an additional 796,316 shares during the last quarter. ClearBridge Investments Ltd lifted its stake in shares of Entergy by 29.3% during the 4th quarter. ClearBridge Investments Ltd now owns 3,115,468 shares of the utilities provider’s stock worth $315,254,000 after acquiring an additional 706,059 shares during the last quarter. Federated Hermes Inc. lifted its stake in shares of Entergy by 9.8% during the 4th quarter. Federated Hermes Inc. now owns 2,904,933 shares of the utilities provider’s stock worth $293,950,000 after acquiring an additional 258,806 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of Entergy by 16.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,506,022 shares of the utilities provider’s stock worth $231,807,000 after acquiring an additional 352,847 shares during the last quarter. 88.07% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CAO Reginald T. Jackson sold 9,229 shares of the business’s 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 directly owns 2,166 shares in the company, valued at approximately $235,465.86. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other Entergy news, CAO Reginald T. Jackson sold 9,229 shares of Entergy stock in a transaction dated 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 completion of the sale, the chief accounting officer now owns 2,166 shares of the company’s stock, valued at approximately $235,465.86. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Haley Fisackerly sold 1,500 shares of Entergy 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 sale, the insider now directly owns 2,479 shares of the company’s stock, valued at approximately $273,260.17. The disclosure for this sale can be found here. 0.54% of the stock is owned by company insiders.

Entergy Trading Down 0.3 %

Shares of NYSE:ETR opened at $105.55 on Friday. Entergy Co. has a 12-month low of $87.10 and a 12-month high of $114.28. The business’s fifty day simple moving average is $108.81 and its 200-day simple moving average is $104.36. The company has a current ratio of 0.69, a quick ratio of 0.45 and a debt-to-equity ratio of 1.68. The company has a market capitalization of $22.54 billion, a PE ratio of 10.59, a P/E/G ratio of 2.00 and a beta of 0.71.

Entergy (NYSE:ETR) last announced its earnings results on Wednesday, April 24th. The utilities provider reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.44 by ($0.36). Entergy had a return on equity of 10.20% and a net margin of 17.75%. The business had revenue of $31.17 billion for the quarter, compared to analysts’ expectations of $3.16 billion. During the same quarter last year, the firm earned $1.14 earnings per share. The firm’s quarterly revenue was down .5% compared to the same quarter last year. As a group, equities research analysts predict that Entergy Co. will post 7.22 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Thursday, May 2nd were paid a dividend of $1.13 per share. The ex-dividend date was Wednesday, May 1st. This represents a $4.52 annualized dividend and a yield of 4.28%. Entergy’s dividend payout ratio (DPR) is 45.34%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ETR. Scotiabank decreased their price target on Entergy from $111.00 to $104.00 and set a “sector perform” rating for the company in a research note on Monday, April 22nd. Morgan Stanley reduced their price objective on Entergy from $103.00 to $98.00 and set an “underweight” rating on the stock in a report on Monday, June 24th. Wells Fargo & Company raised their price objective on Entergy from $122.00 to $125.00 and gave the stock an “overweight” rating in a report on Wednesday, June 5th. KeyCorp raised their price objective on Entergy from $112.00 to $123.00 and gave the stock an “overweight” rating in a report on Monday, May 20th. Finally, BMO Capital Markets raised their price objective on Entergy from $118.00 to $120.00 and gave the stock an “outperform” rating in a report on Thursday, June 6th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, Entergy currently has a consensus rating of “Moderate Buy” and a consensus target price of $113.73.

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.