My Legacy Advisors LLC Lowers Stock Holdings in Entergy Co. (NYSE:ETR)

My Legacy Advisors LLC lessened its stake in shares of Entergy Co. (NYSE:ETR) by 13.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,175 shares of the utilities provider’s stock after selling 1,237 shares during the quarter. My Legacy Advisors LLC’s holdings in Entergy were worth $1,076,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of ETR. State Board of Administration of Florida Retirement System increased its holdings in shares of Entergy by 6.3% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 234,595 shares of the utilities provider’s stock valued at $25,275,000 after purchasing an additional 13,882 shares in the last quarter. Acadian Asset Management LLC lifted its position in shares of Entergy by 55.4% during the 1st quarter. Acadian Asset Management LLC now owns 14,877 shares of the utilities provider’s stock valued at $1,571,000 after acquiring an additional 5,303 shares during the period. Viking Fund Management LLC boosted its stake in shares of Entergy by 6.3% during the 1st quarter. Viking Fund Management LLC now owns 125,600 shares of the utilities provider’s stock worth $13,273,000 after acquiring an additional 7,400 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of Entergy in the 1st quarter worth approximately $1,245,000. Finally, Cetera Advisors LLC increased its stake in Entergy by 145.2% in the 1st quarter. Cetera Advisors LLC now owns 24,136 shares of the utilities provider’s stock valued at $2,551,000 after purchasing an additional 14,293 shares in the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

Entergy Trading Down 0.1 %

Shares of NYSE ETR traded down $0.19 during trading on Tuesday, hitting $134.85. 321,971 shares of the company traded hands, compared to its average volume of 1,551,262. 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 market capitalization of $28.80 billion, a P/E ratio of 13.48, a P/E/G ratio of 2.46 and a beta of 0.74. The company has a 50-day moving average price of $126.01 and a 200-day moving average price of $115.11. Entergy Co. has a 1 year low of $90.78 and a 1 year high of $136.02.

Entergy (NYSE:ETR) last announced its quarterly earnings results 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 analyst estimates 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 earnings per share. On average, equities analysts predict that Entergy Co. will post 7.22 EPS for the current 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 paid a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date of this dividend was Tuesday, August 13th. Entergy’s dividend payout ratio is presently 45.34%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on ETR shares. KeyCorp raised their target price on shares of Entergy from $140.00 to $143.00 and gave the company an “overweight” rating in a report on Tuesday. Barclays cut their price objective on Entergy from $138.00 to $137.00 and set an “overweight” rating for the company in a research report on Monday, October 7th. Royal Bank of Canada increased their target price on Entergy from $137.00 to $140.00 and gave the company an “outperform” rating in a report on Monday, October 14th. UBS Group boosted their price target on Entergy from $143.00 to $144.00 and gave the stock a “buy” rating in a report on Friday, September 20th. Finally, Scotiabank increased 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. One investment analyst has rated the stock with a sell rating, two have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $131.19.

Insider Transactions at Entergy

In other Entergy news, CEO Andrew S. Marsh sold 3,200 shares of the company’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 transaction, the chief executive officer now directly owns 150,731 shares of the company’s stock, valued at $18,307,787.26. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Entergy news, CEO Andrew S. Marsh sold 600 shares of the firm’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $120.03, for a total transaction of $72,018.00. Following the completion of the transaction, the chief executive officer now directly owns 150,731 shares of the company’s stock, valued at $18,092,241.93. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew S. Marsh sold 3,200 shares of the business’s stock in a transaction dated 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 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 disclosure for this sale can be found here. Insiders sold 50,810 shares of company stock valued at $6,140,626 over the last quarter. Company 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.