Delta Financial Advisors LLC Has $2.37 Million Stock Holdings in Entergy Co. (NYSE:ETR)

Delta Financial Advisors LLC boosted its holdings in shares of Entergy Co. (NYSE:ETR) by 0.5% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 22,121 shares of the utilities provider’s stock after buying an additional 105 shares during the period. Delta Financial Advisors LLC’s holdings in Entergy were worth $2,367,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Quent Capital LLC boosted its stake in shares of Entergy by 21.7% during the 1st 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. Marino Stram & Associates LLC boosted its position in Entergy by 1.7% during the first quarter. Marino Stram & Associates LLC now owns 5,879 shares of the utilities provider’s stock valued at $621,000 after purchasing an additional 101 shares during the last quarter. Newbridge Financial Services Group Inc. grew its stake in Entergy by 40.0% in the first quarter. Newbridge Financial Services Group Inc. now owns 385 shares of the utilities provider’s stock valued at $41,000 after purchasing an additional 110 shares in the last quarter. iA Global Asset Management Inc. increased its position in Entergy by 1.3% in the 1st quarter. iA Global Asset Management Inc. now owns 8,830 shares of the utilities provider’s stock worth $933,000 after purchasing an additional 114 shares during the last quarter. Finally, Childress Capital Advisors LLC raised its stake in shares of Entergy by 3.6% during the 1st quarter. Childress Capital Advisors LLC now owns 3,336 shares of the utilities provider’s stock worth $353,000 after purchasing an additional 116 shares in the last quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.

Entergy Stock Performance

Shares of NYSE ETR opened at $121.90 on Friday. Entergy Co. has a 12 month low of $87.10 and a 12 month high of $123.73. The company has a market cap of $26.03 billion, a P/E ratio of 12.23, a P/E/G ratio of 2.28 and a beta of 0.71. The business’s 50 day moving average is $114.55 and its two-hundred day moving average is $109.14. 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 (NYSE:ETR) last announced its earnings results on Thursday, August 1st. The utilities provider reported $1.92 earnings per share (EPS) for the quarter, topping 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 business had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.98 billion. During the same quarter in the previous year, the firm posted $1.84 earnings per share. On average, equities analysts expect that Entergy Co. will post 7.2 EPS for the current year.

Entergy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Tuesday, August 13th were given a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date was Tuesday, August 13th. Entergy’s dividend payout ratio (DPR) is presently 45.34%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on ETR shares. Barclays dropped their price objective on Entergy from $116.00 to $115.00 and set an “equal weight” rating on the stock in a report on Monday, July 22nd. Morgan Stanley raised their price target on shares of Entergy from $100.00 to $109.00 and gave the company an “underweight” rating in a report on Friday, August 23rd. KeyCorp upped their price objective on shares of Entergy from $112.00 to $123.00 and gave the stock an “overweight” rating in a report on Monday, May 20th. Argus upgraded Entergy to a “strong-buy” rating in a report on Wednesday, August 28th. Finally, Bank of America upped their price target 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, four have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Entergy currently has an average rating of “Moderate Buy” and a consensus price target of $123.04.

Insider Activity at Entergy

In other Entergy news, CEO Andrew S. Marsh sold 3,200 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was 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 owns 150,731 shares in the company, valued at approximately $18,307,787.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Entergy news, CEO Andrew S. Marsh sold 3,200 shares of the business’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $121.46, for a total value of $388,672.00. Following the sale, the chief executive officer now owns 150,731 shares of the company’s stock, valued at approximately $18,307,787.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO Peter S. Norgeot, Jr. sold 11,472 shares of the firm’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 transaction, the chief operating officer now directly owns 37,888 shares of the company’s stock, valued at $4,363,182.08. The disclosure for this sale can be found here. Insiders have sold 39,638 shares of company stock worth $4,712,446 over the last three months. 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.