Strategic Investment Solutions Inc. IL Buys Shares of 359 Entergy Co. (NYSE:ETR)

Strategic Investment Solutions Inc. IL purchased a new position in Entergy Co. (NYSE:ETR) in the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 359 shares of the utilities provider’s stock, valued at approximately $42,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. HBK Sorce Advisory LLC lifted its position in Entergy by 2.3% in the second quarter. HBK Sorce Advisory LLC now owns 4,075 shares of the utilities provider’s stock worth $436,000 after purchasing an additional 92 shares during the period. Quent Capital LLC lifted its holdings in shares of Entergy by 21.7% in the first quarter. Quent Capital LLC now owns 550 shares of the utilities provider’s stock valued at $58,000 after buying an additional 98 shares during the period. Delta Financial Advisors LLC boosted its stake in Entergy by 0.5% during the second quarter. Delta Financial Advisors LLC now owns 22,121 shares of the utilities provider’s stock valued at $2,367,000 after buying an additional 105 shares in the last quarter. iA Global Asset Management Inc. boosted its stake in Entergy by 1.3% during the first quarter. iA Global Asset Management Inc. now owns 8,830 shares of the utilities provider’s stock valued at $933,000 after buying an additional 114 shares in the last quarter. Finally, First Bank & Trust grew its holdings in Entergy by 0.6% during the second quarter. First Bank & Trust now owns 20,540 shares of the utilities provider’s stock worth $2,198,000 after acquiring an additional 116 shares during the period. 88.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on ETR shares. BMO Capital Markets raised their price objective on shares of Entergy from $124.00 to $131.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. JPMorgan Chase & Co. raised their target price on shares of Entergy from $131.00 to $141.00 and gave the stock an “overweight” rating in a report on Monday, August 12th. KeyCorp lifted their price target on shares of Entergy from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Monday. LADENBURG THALM/SH SH reiterated a “neutral” rating and set a $109.50 price objective (down previously from $117.00) on shares of Entergy in a research report on Wednesday, June 12th. Finally, Scotiabank lifted their target price on Entergy from $115.00 to $119.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 20th. 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 assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $128.58.

Insider Activity at Entergy

In other Entergy news, 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 transaction, the chief executive officer now directly owns 150,731 shares of the company’s stock, valued at approximately $18,140,475.85. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CEO Andrew S. Marsh sold 19,200 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 150,731 shares of the company’s stock, valued at approximately $18,140,475.85. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, COO Peter S. Norgeot, Jr. sold 7,922 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $130.00, for a total transaction of $1,029,860.00. Following the transaction, the chief operating officer now directly owns 34,993 shares in the company, valued at approximately $4,549,090. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 50,810 shares of company stock valued at $6,140,626. Insiders own 0.39% of the company’s stock.

Entergy Trading Down 0.2 %

Shares of NYSE ETR opened at $132.73 on Thursday. The firm has a market capitalization of $28.34 billion, a PE ratio of 13.31, a PEG ratio of 2.46 and a beta of 0.73. Entergy Co. has a one year low of $87.10 and a one year high of $133.38. 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 business has a 50-day moving average price of $121.87 and a two-hundred day moving average price of $112.45.

Entergy (NYSE:ETR) last announced its quarterly earnings data 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 net margin of 14.75% and a return on equity of 10.10%. 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 firm posted $1.84 earnings per share. As a group, analysts predict that Entergy Co. will post 7.22 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Tuesday, August 13th were issued a dividend of $1.13 per share. The ex-dividend date of this dividend was Tuesday, August 13th. This represents a $4.52 annualized dividend and a dividend yield of 3.41%. Entergy’s dividend payout ratio is 45.34%.

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.