Entergy Co. (NYSE:ETR) Shares Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC boosted its holdings in shares of Entergy Co. (NYSE:ETR) by 7.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 466,830 shares of the utilities provider’s stock after purchasing an additional 32,017 shares during the period. Hsbc Holdings PLC’s holdings in Entergy were worth $49,927,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Tidemark LLC acquired a new stake in shares of Entergy during the fourth quarter worth about $25,000. Iron Horse Wealth Management LLC acquired a new stake in Entergy during the 2nd quarter worth approximately $25,000. Heritage Wealth Advisors grew its stake in shares of Entergy by 2,172.7% in the 1st quarter. Heritage Wealth Advisors now owns 250 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 239 shares during the last quarter. American National Bank increased its holdings in shares of Entergy by 93.7% in the second quarter. American National Bank now owns 277 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 134 shares during the period. Finally, TruNorth Capital Management LLC acquired a new position in shares of Entergy in the second quarter valued at approximately $32,000. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Entergy Stock Performance

NYSE:ETR opened at $129.28 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.62 and a debt-to-equity ratio of 1.81. The company has a market capitalization of $27.61 billion, a P/E ratio of 12.97, a price-to-earnings-growth ratio of 2.31 and a beta of 0.73. The firm has a 50-day moving average price of $118.52 and a two-hundred day moving average price of $110.81. Entergy Co. has a twelve month low of $87.10 and a twelve month high of $129.70.

Entergy (NYSE:ETR) last issued its quarterly earnings data on Thursday, August 1st. The utilities provider reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.16. Entergy had a return on equity of 10.10% and a net margin of 14.75%. The firm had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $2.98 billion. During the same period in the previous year, the firm posted $1.84 EPS. As a group, research analysts expect that Entergy Co. will post 7.22 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Tuesday, August 13th were paid a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend date was Tuesday, August 13th. Entergy’s payout ratio is currently 45.34%.

Insider Buying and Selling

In other Entergy news, CEO Andrew S. Marsh sold 19,200 shares of the company’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $120.35, for a total value of $2,310,720.00. Following the transaction, the chief executive officer now directly owns 150,731 shares in the company, valued at approximately $18,140,475.85. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Entergy news, COO Peter S. Norgeot, Jr. sold 3,250 shares of the business’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $122.56, for a total value of $398,320.00. Following the completion of the transaction, the chief operating officer now directly owns 34,993 shares in the company, valued at approximately $4,288,742.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Andrew S. Marsh sold 19,200 shares of the firm’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $120.35, for a total value of $2,310,720.00. Following the sale, the chief executive officer now owns 150,731 shares in the company, valued at approximately $18,140,475.85. The disclosure for this sale can be found here. In the last quarter, insiders sold 42,888 shares of company stock worth $5,110,766. 0.39% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ETR. Argus raised shares of Entergy to a “strong-buy” rating in a research note on Wednesday, August 28th. Morgan Stanley lifted their target price on shares of Entergy from $100.00 to $109.00 and gave the company an “underweight” rating in a report on Friday, August 23rd. KeyCorp raised their price objective on shares of Entergy from $123.00 to $130.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. LADENBURG THALM/SH SH reaffirmed a “neutral” rating and issued a $109.50 price objective (down previously from $117.00) on shares of Entergy in a report on Wednesday, June 12th. Finally, JPMorgan Chase & Co. raised their price target on Entergy from $131.00 to $141.00 and gave the company an “overweight” rating in a report on Monday, August 12th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $127.35.

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.