Semmax Financial Advisors Inc. Acquires 3,726 Shares of Entergy Co. (NYSE:ETR)

Semmax Financial Advisors Inc. grew its holdings in shares of Entergy Co. (NYSE:ETR) by 13.8% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 30,701 shares of the utilities provider’s stock after buying an additional 3,726 shares during the period. Semmax Financial Advisors Inc.’s holdings in Entergy were worth $3,635,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of ETR. Iron Horse Wealth Management LLC acquired a new stake in Entergy in the second quarter worth $25,000. Heritage Wealth Advisors lifted its holdings in shares of Entergy by 2,172.7% in the 1st quarter. Heritage Wealth Advisors now owns 250 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 239 shares in the last quarter. American National Bank increased its stake in 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 purchasing an additional 134 shares in the last quarter. TruNorth Capital Management LLC acquired a new position in Entergy during the second quarter worth $32,000. Finally, Rothschild Investment LLC acquired a new position in shares of Entergy during the second quarter valued at about $34,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ETR. Barclays raised shares of Entergy from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $115.00 to $138.00 in a research report on Tuesday, September 17th. Mizuho lifted their target price on Entergy from $107.00 to $114.00 and gave the company a “buy” rating in a research report on Friday, May 31st. Argus upgraded Entergy to a “strong-buy” rating in a report on Wednesday, August 28th. Scotiabank raised their price objective on Entergy from $115.00 to $119.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. Finally, Morgan Stanley upped their target price on shares of Entergy from $100.00 to $109.00 and gave the stock an “underweight” rating in a research note on Friday, August 23rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $127.35.

Entergy Trading Up 0.6 %

Shares of Entergy stock opened at $130.04 on Tuesday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.62 and a current ratio of 0.94. The stock has a market capitalization of $27.77 billion, a P/E ratio of 13.04, a P/E/G ratio of 2.31 and a beta of 0.73. Entergy Co. has a 52-week low of $87.10 and a 52-week high of $130.16. The stock’s 50-day simple moving average is $118.98 and its 200 day simple moving average is $111.12.

Entergy (NYSE:ETR) last released its quarterly earnings data 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 the consensus estimate of $2.98 billion. Entergy had a net margin of 14.75% and a return on equity of 10.10%. During the same period last year, the firm earned $1.84 EPS. As a group, research analysts anticipate that Entergy Co. will post 7.22 EPS for the current year.

Entergy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Tuesday, August 13th were given a $1.13 dividend. The ex-dividend date of this dividend was Tuesday, August 13th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.48%. Entergy’s dividend payout ratio (DPR) is currently 45.34%.

Insider Activity at Entergy

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 value of $388,672.00. Following the transaction, the chief executive officer now owns 150,731 shares of the company’s stock, valued at $18,307,787.26. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, COO Peter S. Norgeot, Jr. sold 11,472 shares of the stock in a transaction dated 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 transaction, the chief operating officer now directly owns 37,888 shares in the company, valued at approximately $4,363,182.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andrew S. Marsh sold 3,200 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was 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 of the company’s stock, valued at approximately $18,307,787.26. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 42,888 shares of company stock valued at $5,110,766. Corporate insiders own 0.39% of the company’s stock.

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.