Romano Brothers AND Company Boosts Holdings in Entergy Co. (NYSE:ETR)

Romano Brothers AND Company increased its position in shares of Entergy Co. (NYSE:ETR) by 17.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,477 shares of the utilities provider’s stock after purchasing an additional 2,000 shares during the period. Romano Brothers AND Company’s holdings in Entergy were worth $1,774,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank & Trust Co lifted its holdings in Entergy by 12.8% during the third quarter. Bank & Trust Co now owns 795 shares of the utilities provider’s stock worth $105,000 after buying an additional 90 shares during the period. HBK Sorce Advisory LLC boosted its position in Entergy by 2.3% during the second quarter. HBK Sorce Advisory LLC now owns 4,075 shares of the utilities provider’s stock valued at $436,000 after purchasing an additional 92 shares in the last quarter. Alliance Wealth Advisors LLC grew its stake in Entergy by 3.7% in the third quarter. Alliance Wealth Advisors LLC now owns 2,591 shares of the utilities provider’s stock valued at $341,000 after purchasing an additional 92 shares during the last quarter. Marino Stram & Associates LLC lifted its position in shares of Entergy by 1.6% during the third quarter. Marino Stram & Associates LLC now owns 5,986 shares of the utilities provider’s stock valued at $788,000 after buying an additional 95 shares during the last quarter. Finally, CarsonAllaria Wealth Management Ltd. grew its position in shares of Entergy by 5.4% in the 3rd quarter. CarsonAllaria Wealth Management Ltd. now owns 1,858 shares of the utilities provider’s stock worth $245,000 after buying an additional 95 shares during the last quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ETR has been the subject of a number of analyst reports. Bank of America increased their target price on shares of Entergy from $135.00 to $138.00 and gave the company a “buy” rating in a research report on Thursday, August 29th. Barclays decreased their price objective on Entergy from $138.00 to $137.00 and set an “overweight” rating for the company in a report on Monday, October 7th. UBS Group boosted their target price on Entergy from $143.00 to $144.00 and gave the stock a “buy” rating in a research note on Friday, September 20th. Argus upgraded Entergy to a “strong-buy” rating in a research note on Wednesday, August 28th. Finally, Scotiabank raised their price target on Entergy from $115.00 to $119.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 20th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $131.19.

Entergy Price Performance

Shares of NYSE ETR opened at $136.95 on Thursday. Entergy Co. has a 52 week low of $90.78 and a 52 week high of $137.05. 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 cap of $29.24 billion, a P/E ratio of 13.74, a P/E/G ratio of 2.46 and a beta of 0.74. The business’s 50 day moving average price is $126.75 and its 200 day moving average price is $115.48.

Entergy (NYSE:ETR) last released its quarterly earnings data on Thursday, August 1st. The utilities provider reported $1.92 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $2.98 billion. During the same period in the prior year, the firm earned $1.84 EPS. On average, sell-side analysts expect that Entergy Co. will post 7.22 earnings per share for the current year.

Entergy Announces Dividend

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. The ex-dividend date of this dividend was Tuesday, August 13th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.30%. Entergy’s payout ratio is currently 45.34%.

Insider Activity

In related 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 completion of the transaction, the chief executive officer now directly owns 150,731 shares in the company, valued at $18,307,787.26. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Andrew S. Marsh sold 3,200 shares of the stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $121.46, for a total transaction of $388,672.00. Following the sale, 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 legal filing with the SEC, which is available through this link. Also, CEO Andrew S. Marsh sold 600 shares of the firm’s 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 sale, the chief executive officer now owns 150,731 shares in the company, valued at $18,092,241.93. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 50,810 shares of company stock valued at $6,140,626 in the last quarter. 0.39% of the stock is currently owned by company 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.