Entergy Co. (NYSE:ETR) Shares Purchased by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC boosted its position in Entergy Co. (NYSE:ETR) by 32.9% in the 2nd quarter, Holdings Channel reports. The firm owned 20,429 shares of the utilities provider’s stock after acquiring an additional 5,057 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Entergy were worth $2,186,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System increased its stake in shares of Entergy by 6.3% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 234,595 shares of the utilities provider’s stock worth $25,275,000 after acquiring an additional 13,882 shares during the last quarter. Cetera Advisor Networks LLC increased its stake in shares of Entergy by 11.1% in the 4th quarter. Cetera Advisor Networks LLC now owns 55,261 shares of the utilities provider’s stock worth $5,592,000 after acquiring an additional 5,509 shares during the last quarter. Norges Bank acquired a new stake in shares of Entergy in the 4th quarter worth $127,675,000. Groupama Asset Managment acquired a new stake in shares of Entergy in the 4th quarter worth $15,783,000. Finally, Acadian Asset Management LLC increased its stake in shares of Entergy by 55.4% in the 1st quarter. Acadian Asset Management LLC now owns 14,877 shares of the utilities provider’s stock worth $1,571,000 after acquiring an additional 5,303 shares during the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other news, COO Peter S. Norgeot, Jr. sold 3,250 shares of the company’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 sale, the chief operating officer now directly owns 34,993 shares in the company, valued at $4,288,742.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, COO Peter S. Norgeot, Jr. sold 3,250 shares of the company’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 $4,288,742.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 value of $388,672.00. Following the completion of the transaction, the chief executive officer now owns 150,731 shares of the company’s stock, valued at $18,307,787.26. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 42,888 shares of company stock worth $5,110,766. 0.39% of the stock is owned by corporate insiders.

Entergy Trading Up 1.3 %

NYSE:ETR opened at $129.28 on Friday. The firm has a market cap of $27.61 billion, a P/E ratio of 12.97, a PEG ratio of 2.31 and a beta of 0.73. 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’s 50 day simple moving average is $118.52 and its 200-day simple moving average is $110.81. Entergy Co. has a 12-month low of $87.10 and a 12-month high of $129.70.

Entergy (NYSE:ETR) last posted 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 return on equity of 10.10% and a net margin of 14.75%. The firm had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $2.98 billion. During the same period in the previous year, the business earned $1.84 earnings per share. Equities analysts anticipate that Entergy Co. will post 7.22 EPS for the current year.

Entergy Dividend Announcement

The company also recently announced 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 was Tuesday, August 13th. This represents a $4.52 dividend on an annualized basis and a yield of 3.50%. Entergy’s payout ratio is 45.34%.

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.