EverSource Wealth Advisors LLC Buys 178 Shares of Entergy Co. (NYSE:ETR)

EverSource Wealth Advisors LLC boosted its stake in Entergy Co. (NYSE:ETR) by 30.6% during the 2nd quarter, Holdings Channel reports. The firm owned 759 shares of the utilities provider’s stock after buying an additional 178 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Entergy were worth $88,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in shares of 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 valued at $741,135,000 after purchasing an additional 763,834 shares during the last quarter. Capital International Investors grew its holdings in shares of Entergy by 64.2% in 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 during the last quarter. Capital Research Global Investors increased its stake in Entergy by 22.5% in the 1st quarter. Capital Research Global Investors now owns 2,753,248 shares of the utilities provider’s stock worth $290,963,000 after buying an additional 505,705 shares during the period. Boston Partners boosted its position in Entergy by 4.2% in the 1st quarter. Boston Partners now owns 2,259,877 shares of the utilities provider’s stock valued at $238,828,000 after buying an additional 91,655 shares during the period. Finally, Point72 Asset Management L.P. boosted its position in Entergy by 37.5% in the 4th quarter. Point72 Asset Management L.P. now owns 1,643,300 shares of the utilities provider’s stock valued at $166,286,000 after buying an additional 448,134 shares during the period. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Entergy Trading Up 1.2 %

NYSE:ETR opened at $131.13 on Friday. The stock has a market capitalization of $28.00 billion, a price-to-earnings ratio of 13.15, a PEG ratio of 2.46 and a beta of 0.73. Entergy Co. has a 52 week low of $87.10 and a 52 week high of $131.55. 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 firm has a 50 day moving average of $120.18 and a 200 day moving average of $111.56.

Entergy (NYSE:ETR) last issued 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 return on equity of 10.10% and a net margin of 14.75%. The firm had revenue of $2.95 billion during the quarter, compared to analyst estimates of $2.98 billion. During the same quarter in the prior year, the business posted $1.84 EPS. As a group, sell-side analysts anticipate that Entergy Co. will post 7.22 earnings per share for the current fiscal year.

Entergy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Tuesday, August 13th were paid 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 dividend yield of 3.45%. Entergy’s payout ratio is 45.34%.

Insider Activity

In other Entergy news, insider Eliecer Viamontes sold 5,166 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $120.00, for a total transaction of $619,920.00. Following the sale, the insider now owns 5,117 shares of the company’s stock, valued at approximately $614,040. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Entergy news, insider Eliecer Viamontes sold 5,166 shares of Entergy stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $120.00, for a total transaction of $619,920.00. Following the completion of the sale, the insider now owns 5,117 shares of the company’s stock, valued at approximately $614,040. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Andrew S. Marsh sold 3,200 shares of the stock in a transaction dated 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 directly owns 150,731 shares in the company, valued at $18,307,787.26. The disclosure for this sale can be found here. Insiders have sold a total of 50,810 shares of company stock worth $6,140,626 over the last 90 days. 0.39% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. lifted their price target on shares of Entergy from $131.00 to $141.00 and gave the company an “overweight” rating in a research note on Monday, August 12th. BMO Capital Markets upped their target price on Entergy from $124.00 to $131.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. UBS Group raised their price target on Entergy from $143.00 to $144.00 and gave the company a “buy” rating in a research note on Friday, September 20th. Guggenheim upped their price objective on shares of Entergy from $118.00 to $128.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Finally, LADENBURG THALM/SH SH restated a “neutral” rating and issued a $109.50 price target (down previously from $117.00) on shares of Entergy in a report on Wednesday, June 12th. One analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Entergy has a consensus rating of “Moderate Buy” and an average target price of $127.81.

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.