Entergy Co. (NYSE:ETR) Shares Bought by International Assets Investment Management LLC

International Assets Investment Management LLC increased its stake in Entergy Co. (NYSE:ETR) by 16,409.2% in the third quarter, Holdings Channel reports. The firm owned 466,716 shares of the utilities provider’s stock after purchasing an additional 463,889 shares during the period. International Assets Investment Management LLC’s holdings in Entergy were worth $61,424,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in Entergy by 12.4% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,926,492 shares of the utilities provider’s stock worth $741,135,000 after purchasing an additional 763,834 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in Entergy by 47.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 6,479,044 shares of the utilities provider’s stock valued at $693,260,000 after acquiring an additional 2,075,776 shares during the period. Capital International Investors lifted its stake in Entergy by 64.2% during the 1st quarter. Capital International Investors now owns 4,170,045 shares of the utilities provider’s stock valued at $440,690,000 after acquiring an additional 1,630,057 shares during the period. ClearBridge Investments Ltd lifted its stake in Entergy by 0.6% during the 2nd quarter. ClearBridge Investments Ltd now owns 3,137,110 shares of the utilities provider’s stock valued at $335,671,000 after acquiring an additional 20,025 shares during the period. Finally, Capital Research Global Investors lifted its stake in Entergy by 22.5% during the 1st quarter. Capital Research Global Investors now owns 2,753,248 shares of the utilities provider’s stock valued at $290,963,000 after acquiring an additional 505,705 shares during the period. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Andrew S. Marsh sold 3,200 shares of the company’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $121.46, for a total transaction of $388,672.00. Following the completion of the sale, the chief executive officer now owns 150,731 shares of the company’s stock, valued at $18,307,787.26. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Andrew S. Marsh sold 3,200 shares of the company’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $121.46, for a total transaction of $388,672.00. Following the completion of the sale, the chief executive officer now owns 150,731 shares of the company’s stock, valued at $18,307,787.26. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Peter S. Norgeot, Jr. sold 11,472 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $115.16, for a total transaction 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 $4,363,182.08. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 50,810 shares of company stock valued at $6,140,626. 0.39% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on ETR shares. Bank of America lifted their price objective on shares of Entergy from $135.00 to $138.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. BMO Capital Markets lifted their price objective on shares of Entergy from $131.00 to $140.00 and gave the company an “outperform” rating in a research note on Tuesday, October 15th. UBS Group lifted their price objective on shares of Entergy from $143.00 to $144.00 and gave the company a “buy” rating in a research note on Friday, September 20th. Royal Bank of Canada lifted their price objective on shares of Entergy from $137.00 to $140.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Finally, Barclays decreased their price objective on shares of Entergy from $138.00 to $137.00 and set an “overweight” rating for the company in a research note on Monday, October 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Entergy currently has a consensus rating of “Moderate Buy” and an average target price of $131.19.

Entergy Price Performance

Shares of NYSE ETR opened at $135.38 on Friday. The firm has a market cap of $28.95 billion, a PE ratio of 16.19, a PEG ratio of 2.55 and a beta of 0.74. The firm has a fifty day moving average of $127.51 and a 200 day moving average of $115.83. 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 one year low of $90.78 and a one year high of $138.24.

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

Entergy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Wednesday, November 13th will be issued a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 3.55%. This is a positive change from Entergy’s previous quarterly dividend of $1.13. Entergy’s payout ratio is presently 54.07%.

About Entergy

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.