Entergy Co. (NYSE:ETR) Shares Acquired by Raymond James & Associates

Raymond James & Associates boosted its holdings in Entergy Co. (NYSE:ETR) by 2.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 652,335 shares of the utilities provider’s stock after purchasing an additional 18,488 shares during the period. Raymond James & Associates’ holdings in Entergy were worth $85,854,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. First Citizens Bank & Trust Co. boosted its position in shares of Entergy by 11.6% in the 3rd quarter. First Citizens Bank & Trust Co. now owns 9,051 shares of the utilities provider’s stock valued at $1,191,000 after purchasing an additional 938 shares during the period. Blue Trust Inc. lifted its holdings in shares of Entergy by 700.0% during the 3rd quarter. Blue Trust Inc. now owns 1,696 shares of the utilities provider’s stock valued at $223,000 after buying an additional 1,484 shares during the last quarter. Net Worth Advisory Group acquired a new position in Entergy in the third quarter worth approximately $227,000. Claro Advisors LLC bought a new position in Entergy during the third quarter valued at approximately $1,413,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in Entergy by 1.6% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,443 shares of the utilities provider’s stock valued at $2,822,000 after acquiring an additional 344 shares during the last quarter. 88.07% of the stock is owned by institutional investors.

Entergy Stock Performance

Shares of ETR opened at $135.28 on Monday. Entergy Co. has a one year low of $90.78 and a one year high of $135.79. The firm has a market capitalization of $28.89 billion, a PE ratio of 13.57, a price-to-earnings-growth ratio of 2.46 and a beta of 0.74. The company has a 50-day simple moving average of $125.66 and a two-hundred day simple moving average of $114.89. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.94 and a quick ratio of 0.62.

Entergy (NYSE:ETR) last released its quarterly earnings data on Thursday, August 1st. The utilities provider reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.16. The business had revenue of $2.95 billion for 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 period in the prior year, the firm posted $1.84 EPS. On average, analysts anticipate that Entergy Co. will post 7.22 EPS for the current fiscal year.

Entergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 13th were issued a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 3.34%. The ex-dividend date was Tuesday, August 13th. Entergy’s dividend payout ratio (DPR) is presently 45.34%.

Insider Buying and Selling

In other Entergy news, CEO Andrew S. Marsh sold 3,200 shares of the business’s 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 sale, the chief executive officer now directly owns 150,731 shares of the company’s stock, valued at $18,307,787.26. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Andrew S. Marsh sold 3,200 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $121.46, for a total transaction of $388,672.00. Following the completion of the sale, the chief executive officer now owns 150,731 shares in the company, valued at approximately $18,307,787.26. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Andrew S. Marsh sold 600 shares of Entergy stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $120.03, for a total value of $72,018.00. Following the transaction, the chief executive officer now owns 150,731 shares of the company’s stock, valued at $18,092,241.93. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 50,810 shares of company stock worth $6,140,626. Insiders own 0.39% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on ETR shares. Guggenheim boosted their price objective on Entergy from $118.00 to $128.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Scotiabank upped their target price on shares of Entergy from $115.00 to $119.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. JPMorgan Chase & Co. lifted their target price on Entergy from $131.00 to $141.00 and gave the stock an “overweight” rating in a research report on Monday, August 12th. Bank of America raised their target price on Entergy from $135.00 to $138.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th. Finally, Royal Bank of Canada boosted their price target on shares of Entergy from $137.00 to $140.00 and gave the company an “outperform” rating in a report on Monday, October 14th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $130.96.

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.