Entergy Co. (NYSE:ETR) Shares Bought by Thrive Wealth Management LLC

Thrive Wealth Management LLC grew its position in shares of Entergy Co. (NYSE:ETR) by 74.7% during the 3rd quarter, Holdings Channel reports. The firm owned 4,119 shares of the utilities provider’s stock after purchasing an additional 1,761 shares during the period. Thrive Wealth Management LLC’s holdings in Entergy were worth $542,000 at the end of the most recent reporting period.

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

Insider Transactions at Entergy

In other news, COO Peter S. Norgeot, Jr. sold 11,472 shares of the company’s 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 completion of the sale, the chief operating officer now owns 37,888 shares in the company, valued at approximately $4,363,182.08. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Andrew S. Marsh sold 600 shares of the stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $120.03, for a total transaction of $72,018.00. Following the completion of the sale, the chief executive officer now owns 150,731 shares in the company, valued at $18,092,241.93. 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, COO Peter S. Norgeot, Jr. sold 11,472 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $115.16, for a total value of $1,321,115.52. Following the sale, the chief operating officer now owns 37,888 shares of the company’s stock, valued at approximately $4,363,182.08. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 50,810 shares of company stock worth $6,140,626. 0.39% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. raised their price objective on Entergy from $131.00 to $141.00 and gave the stock an “overweight” rating in a research note on Monday, August 12th. Wells Fargo & Company raised their price objective on Entergy from $125.00 to $137.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. KeyCorp raised their price objective on Entergy from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Monday. UBS Group raised their price objective on Entergy from $143.00 to $144.00 and gave the stock a “buy” rating in a research note on Friday, September 20th. Finally, Bank of America raised their price objective on Entergy from $135.00 to $138.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $128.58.

Entergy Stock Down 0.4 %

Shares of Entergy stock traded down $0.50 during midday trading on Friday, hitting $132.50. The company’s stock had a trading volume of 1,032,953 shares, compared to its average volume of 1,575,130. The company has a quick ratio of 0.62, a current ratio of 0.94 and a debt-to-equity ratio of 1.81. Entergy Co. has a 1-year low of $89.57 and a 1-year high of $133.38. The stock has a 50-day simple moving average of $122.68 and a 200-day simple moving average of $112.80. The firm has a market capitalization of $28.29 billion, a P/E ratio of 13.29, a PEG ratio of 2.46 and a beta of 0.73.

Entergy (NYSE:ETR) last announced its quarterly earnings results on Thursday, August 1st. The utilities provider reported $1.92 EPS for the quarter, beating the consensus estimate of $1.76 by $0.16. The business had revenue of $2.95 billion during the quarter, compared to analysts’ expectations of $2.98 billion. Entergy had a return on equity of 10.10% and a net margin of 14.75%. During the same quarter in the previous year, the business posted $1.84 EPS. As a group, sell-side analysts expect that Entergy Co. will post 7.22 earnings per share for the current year.

Entergy Announces Dividend

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