Crestwood Advisors Group LLC Has $384,000 Position in Entergy Co. (NYSE:ETR)

Crestwood Advisors Group LLC lifted its stake in Entergy Co. (NYSE:ETR) by 21.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,918 shares of the utilities provider’s stock after acquiring an additional 506 shares during the quarter. Crestwood Advisors Group LLC’s holdings in Entergy were worth $384,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Iron Horse Wealth Management LLC purchased a new position in Entergy in the second quarter valued at about $25,000. Heritage Wealth Advisors grew its stake in shares of Entergy by 2,172.7% in the 1st quarter. Heritage Wealth Advisors now owns 250 shares of the utilities provider’s stock valued at $26,000 after buying an additional 239 shares in the last quarter. Cetera Trust Company N.A acquired a new position in Entergy in the third quarter worth approximately $29,000. Fortitude Family Office LLC raised its position in Entergy by 423.8% during the third quarter. Fortitude Family Office LLC now owns 220 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 178 shares in the last quarter. Finally, American National Bank lifted its stake in Entergy by 93.7% in the second quarter. American National Bank now owns 277 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 134 shares during the last quarter. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Entergy Trading Up 0.1 %

Shares of Entergy stock opened at $146.06 on Thursday. The company has a market cap of $31.32 billion, a price-to-earnings ratio of 17.79, a PEG ratio of 2.69 and a beta of 0.71. Entergy Co. has a 1 year low of $94.85 and a 1 year high of $156.85. The company’s fifty day simple moving average is $131.25 and its 200-day simple moving average is $118.08. The company has a current ratio of 0.89, a quick ratio of 0.59 and a debt-to-equity ratio of 1.77.

Entergy (NYSE:ETR) last posted its quarterly earnings data on Thursday, October 31st. The utilities provider reported $2.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.91 by $0.08. Entergy had a net margin of 14.83% and a return on equity of 9.53%. The company had revenue of $3.39 billion for the quarter, compared to the consensus estimate of $3.46 billion. During the same quarter in the previous year, the firm posted $3.27 EPS. As a group, sell-side analysts expect that Entergy Co. will post 7.21 EPS for the current year.

Entergy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Wednesday, November 13th will be given a $1.20 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 3.29%. This is an increase from Entergy’s previous quarterly dividend of $1.13. Entergy’s dividend payout ratio (DPR) is currently 55.05%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on ETR shares. StockNews.com downgraded shares of Entergy from a “hold” rating to a “sell” rating in a report on Friday, November 1st. Morgan Stanley upgraded Entergy from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $116.00 to $150.00 in a report on Monday. KeyCorp upped their price target on Entergy from $143.00 to $162.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Bank of America downgraded Entergy from a “buy” rating to a “neutral” rating and raised their price objective for the company from $138.00 to $154.00 in a research note on Monday. Finally, Mizuho boosted their target price on Entergy from $138.00 to $165.00 and gave the stock an “outperform” rating in a report on Monday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $150.96.

Insider Transactions at Entergy

In related news, CEO Andrew S. Marsh sold 600 shares of the company’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $120.03, for a total value of $72,018.00. Following the completion of the transaction, the chief executive officer now directly owns 150,731 shares in the company, valued at approximately $18,092,241.93. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, COO Peter S. Norgeot, Jr. sold 3,250 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $122.56, for a total value of $398,320.00. Following the sale, the chief operating officer now owns 34,993 shares of the company’s stock, valued at $4,288,742.08. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Andrew S. Marsh sold 600 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $120.03, for a total transaction of $72,018.00. Following the transaction, the chief executive officer now owns 150,731 shares of the company’s stock, valued at approximately $18,092,241.93. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 36,138 shares of company stock valued at $4,430,838. 0.54% of the stock is owned by corporate insiders.

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.