Toronto Dominion Bank Raises Stock Position in Entergy Co. (NYSE:ETR)

Toronto Dominion Bank boosted its position in shares of Entergy Co. (NYSE:ETR) by 60.7% in the second quarter, HoldingsChannel reports. The fund owned 105,875 shares of the utilities provider’s stock after purchasing an additional 39,992 shares during the quarter. Toronto Dominion Bank’s holdings in Entergy were worth $11,329,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. boosted its position in shares of Entergy by 4.3% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 27,145 shares of the utilities provider’s stock worth $2,747,000 after purchasing an additional 1,124 shares in the last quarter. US Bancorp DE boosted its holdings in Entergy by 5.9% in the fourth quarter. US Bancorp DE now owns 25,343 shares of the utilities provider’s stock worth $2,565,000 after acquiring an additional 1,405 shares in the last quarter. Hsbc Holdings PLC grew its stake in shares of Entergy by 11.7% during the fourth quarter. Hsbc Holdings PLC now owns 330,473 shares of the utilities provider’s stock worth $33,374,000 after acquiring an additional 34,746 shares during the last quarter. TD Asset Management Inc increased its holdings in shares of Entergy by 9.1% during the fourth quarter. TD Asset Management Inc now owns 123,405 shares of the utilities provider’s stock valued at $12,487,000 after acquiring an additional 10,297 shares in the last quarter. Finally, Stifel Financial Corp raised its position in shares of Entergy by 4.3% in the 4th quarter. Stifel Financial Corp now owns 150,378 shares of the utilities provider’s stock valued at $15,218,000 after purchasing an additional 6,155 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Entergy

In other news, CEO Andrew S. Marsh sold 3,200 shares of the stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $121.46, for a total value of $388,672.00. Following the completion of the sale, the chief executive officer now directly owns 150,731 shares in the company, valued at $18,307,787.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Entergy news, CEO Andrew S. Marsh sold 3,200 shares of the stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $121.46, for a total value of $388,672.00. Following the completion of the sale, the chief executive officer now owns 150,731 shares in the company, valued at approximately $18,307,787.26. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Eliecer Viamontes sold 5,166 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $120.00, for a total value of $619,920.00. Following the transaction, the insider now owns 5,117 shares in the company, valued at $614,040. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 50,810 shares of company stock worth $6,140,626. Corporate insiders own 0.39% of the company’s stock.

Entergy Trading Up 1.2 %

Shares of Entergy stock opened at $131.13 on Friday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.62 and a current ratio of 0.94. Entergy Co. has a fifty-two week low of $87.10 and a fifty-two week high of $131.55. The firm has a 50-day simple moving average of $120.18 and a two-hundred day simple moving average of $111.56. The company has a market cap of $28.00 billion, a P/E ratio of 13.15, a price-to-earnings-growth ratio of 2.46 and a beta of 0.73.

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

Entergy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Tuesday, August 13th were paid a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 3.45%. The ex-dividend date was Tuesday, August 13th. Entergy’s dividend payout ratio is currently 45.34%.

Analyst Upgrades and Downgrades

ETR has been the topic of a number of recent analyst reports. Scotiabank upped their price target on shares of Entergy from $115.00 to $119.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. JPMorgan Chase & Co. raised their target price on Entergy from $131.00 to $141.00 and gave the stock an “overweight” rating in a research note on Monday, August 12th. BMO Capital Markets boosted their price target on Entergy from $124.00 to $131.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. LADENBURG THALM/SH SH restated a “neutral” rating and issued a $109.50 price objective (down from $117.00) on shares of Entergy in a research note on Wednesday, June 12th. Finally, KeyCorp upped their target price on Entergy from $123.00 to $130.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $127.81.

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.