Raymond James & Associates Acquires 18,488 Shares of Entergy Co. (NYSE:ETR)

Raymond James & Associates grew its stake in shares of Entergy Co. (NYSE:ETR) by 2.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 652,335 shares of the utilities provider’s stock after acquiring an additional 18,488 shares during the quarter. Raymond James & Associates owned about 0.31% of Entergy worth $85,854,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Iron Horse Wealth Management LLC bought a new stake in Entergy in the second quarter worth $25,000. Heritage Wealth Advisors raised its position in Entergy by 2,172.7% during the first quarter. Heritage Wealth Advisors now owns 250 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 239 shares in the last quarter. American National Bank grew its position in shares of Entergy by 93.7% during the 2nd quarter. American National Bank now owns 277 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 134 shares during the period. TruNorth Capital Management LLC purchased a new stake in Entergy in the 2nd quarter worth $32,000. Finally, Rothschild Investment LLC purchased a new position in shares of Entergy in the second quarter valued at approximately $34,000. 88.07% of the stock is currently owned by institutional investors.

Insider Transactions at Entergy

In other Entergy news, COO Peter S. Norgeot, Jr. sold 11,472 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $115.16, for a total value of $1,321,115.52. Following the transaction, the chief operating officer now directly owns 37,888 shares in the company, valued at $4,363,182.08. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Entergy news, COO Peter S. Norgeot, Jr. sold 11,472 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $115.16, for a total value of $1,321,115.52. Following the sale, the chief operating officer now directly owns 37,888 shares of the company’s stock, valued at approximately $4,363,182.08. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Peter S. Norgeot, Jr. sold 7,922 shares of Entergy stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $130.00, for a total transaction of $1,029,860.00. Following the sale, the chief operating officer now directly owns 34,993 shares in the company, valued at approximately $4,549,090. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 50,810 shares of company stock worth $6,140,626. 0.39% of the stock is currently owned by company insiders.

Entergy Stock Up 0.5 %

Shares of NYSE:ETR opened at $135.28 on Monday. The stock’s 50-day moving average price is $125.66 and its 200-day moving average price is $114.89. Entergy Co. has a 12-month low of $90.78 and a 12-month high of $135.79. 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 stock has a market capitalization of $28.89 billion, a P/E ratio of 13.57, a price-to-earnings-growth ratio of 2.46 and a beta of 0.74.

Entergy (NYSE:ETR) last announced its quarterly earnings data on Thursday, August 1st. The utilities provider reported $1.92 EPS for the quarter, beating the consensus estimate of $1.76 by $0.16. Entergy had a net margin of 14.75% and a return on equity of 10.10%. The company had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $2.98 billion. During the same period in the prior year, the firm posted $1.84 EPS. On average, equities analysts anticipate that Entergy Co. will post 7.22 earnings per share for the current year.

Entergy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 13th were given a dividend of $1.13 per share. The ex-dividend date of this dividend was Tuesday, August 13th. This represents a $4.52 annualized dividend and a yield of 3.34%. Entergy’s dividend payout ratio (DPR) is currently 45.34%.

Analyst Upgrades and Downgrades

ETR has been the topic of a number of research analyst reports. Argus raised shares of Entergy to a “strong-buy” rating in a research note on Wednesday, August 28th. JPMorgan Chase & Co. raised their target price on Entergy from $131.00 to $141.00 and gave the company an “overweight” rating in a report on Monday, August 12th. Wells Fargo & Company upped their price objective on Entergy from $125.00 to $137.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Morgan Stanley boosted their price objective on Entergy from $109.00 to $115.00 and gave the stock an “underweight” rating in a research note on Wednesday, September 25th. Finally, Bank of America lifted their price target on Entergy from $135.00 to $138.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $130.96.

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.