Entergy Co. (NYSE:ETR) Shares Sold by Allworth Financial LP

Allworth Financial LP trimmed its stake in shares of Entergy Co. (NYSE:ETR) by 30.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,809 shares of the utilities provider’s stock after selling 1,213 shares during the period. Allworth Financial LP’s holdings in Entergy were worth $370,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ameriprise Financial Inc. boosted its position in Entergy by 47.1% during the second quarter. Ameriprise Financial Inc. now owns 6,479,044 shares of the utilities provider’s stock worth $693,260,000 after purchasing an additional 2,075,776 shares in the last quarter. Capital International Investors boosted its position in Entergy by 64.2% during the first quarter. Capital International Investors now owns 4,170,045 shares of the utilities provider’s stock worth $440,690,000 after purchasing an additional 1,630,057 shares in the last quarter. Millennium Management LLC boosted its position in Entergy by 185.5% during the second quarter. Millennium Management LLC now owns 1,876,672 shares of the utilities provider’s stock worth $200,804,000 after purchasing an additional 1,219,419 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its position in Entergy by 12.4% during the second 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. Finally, Panagora Asset Management Inc. boosted its position in Entergy by 89.2% during the second quarter. Panagora Asset Management Inc. now owns 1,073,603 shares of the utilities provider’s stock worth $114,876,000 after purchasing an additional 506,239 shares in the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

Entergy Price Performance

NYSE:ETR opened at $134.13 on Wednesday. Entergy Co. has a 52 week low of $92.31 and a 52 week high of $138.24. The company has a quick ratio of 0.62, a current ratio of 0.94 and a debt-to-equity ratio of 1.81. The company has a market capitalization of $28.68 billion, a P/E ratio of 16.04, a P/E/G ratio of 2.56 and a beta of 0.74. The stock’s fifty day moving average is $128.17 and its two-hundred day moving average is $116.43.

Entergy (NYSE:ETR) last posted its earnings results on Thursday, August 1st. The utilities provider reported $1.92 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $0.16. Entergy had a return on equity of 10.10% and a net margin of 14.75%. The company had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $2.98 billion. During the same quarter in the previous year, the business earned $1.84 earnings per share. Equities analysts expect that Entergy Co. will post 7.21 EPS for the current year.

Entergy Increases Dividend

The company also recently disclosed 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 dividend yield of 3.58%. The ex-dividend date is Wednesday, November 13th. This is an increase from Entergy’s previous quarterly dividend of $1.13. Entergy’s payout ratio is currently 54.07%.

Insider Activity at Entergy

In related news, CEO Andrew S. Marsh sold 19,200 shares of the business’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 trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Entergy news, CEO Andrew S. Marsh sold 3,200 shares of the company’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $121.46, for a total transaction of $388,672.00. Following the sale, the chief executive officer now owns 150,731 shares in the company, valued at $18,307,787.26. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Andrew S. Marsh sold 19,200 shares of the company’s stock in a transaction dated 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. 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 have sold 50,810 shares of company stock worth $6,140,626. 0.54% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Barclays lowered their price target on Entergy from $138.00 to $137.00 and set an “overweight” rating on the stock in a research report on Monday, October 7th. Argus raised Entergy to a “strong-buy” rating in a research note on Wednesday, August 28th. UBS Group lifted their price target on Entergy from $143.00 to $144.00 and gave the stock a “buy” rating in a research note on Friday, September 20th. Guggenheim lifted their price target on Entergy from $118.00 to $128.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Finally, KeyCorp lifted their price target on Entergy from $140.00 to $143.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $131.19.

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.