Pathway Financial Advisers LLC Buys 38,692 Shares of Entergy Co. (NYSE:ETR)

Pathway Financial Advisers LLC grew its stake in Entergy Co. (NYSE:ETR) by 21,143.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,875 shares of the utilities provider’s stock after buying an additional 38,692 shares during the period. Pathway Financial Advisers LLC’s holdings in Entergy were worth $5,116,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of ETR. Barrow Hanley Mewhinney & Strauss LLC grew its position in Entergy by 12.4% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,926,492 shares of the utilities provider’s stock worth $741,135,000 after acquiring an additional 763,834 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Entergy by 47.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 6,479,044 shares of the utilities provider’s stock worth $693,260,000 after purchasing an additional 2,075,776 shares in the last quarter. Capital International Investors increased its position in shares of Entergy by 64.2% during the 1st quarter. Capital International Investors now owns 4,170,045 shares of the utilities provider’s stock valued at $440,690,000 after purchasing an additional 1,630,057 shares during the last quarter. ClearBridge Investments Ltd lifted its position in Entergy by 0.6% in the 2nd quarter. ClearBridge Investments Ltd now owns 3,137,110 shares of the utilities provider’s stock worth $335,671,000 after buying an additional 20,025 shares during the last quarter. Finally, Capital Research Global Investors lifted its position in Entergy by 22.5% in the 1st quarter. Capital Research Global Investors now owns 2,753,248 shares of the utilities provider’s stock worth $290,963,000 after buying an additional 505,705 shares during the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Insider Transactions at Entergy

In related news, COO Peter S. Norgeot, Jr. sold 7,922 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $130.00, for a total transaction of $1,029,860.00. Following the completion of the sale, the chief operating officer now owns 34,993 shares of the company’s stock, valued at $4,549,090. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, COO Peter S. Norgeot, Jr. sold 7,922 shares of the company’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $130.00, for a total transaction of $1,029,860.00. Following the transaction, the chief operating officer now directly owns 34,993 shares of the company’s stock, valued at $4,549,090. 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 the SEC website. Also, CEO Andrew S. Marsh sold 3,200 shares of Entergy stock in a transaction dated 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 of the company’s stock, valued at $18,307,787.26. The trade was 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 owned by insiders.

Entergy Stock Down 1.5 %

Shares of Entergy stock traded down $2.09 during trading on Friday, hitting $135.38. The company’s stock had a trading volume of 2,055,912 shares, compared to its average volume of 1,556,774. Entergy Co. has a 52 week low of $90.78 and a 52 week high of $138.24. The company has a market capitalization of $28.95 billion, a PE ratio of 16.19, a P/E/G ratio of 2.55 and a beta of 0.74. The company has a fifty day simple moving average of $127.51 and a two-hundred day simple moving average of $115.83. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.62 and a current ratio of 0.94.

Entergy (NYSE:ETR) last announced its earnings results on Thursday, August 1st. The utilities provider reported $1.92 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $2.98 billion. During the same quarter last year, the firm earned $1.84 earnings per share. Equities research analysts predict that Entergy Co. will post 7.22 earnings per share for the current year.

Entergy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Wednesday, November 13th will be issued a dividend of $1.20 per share. This is an increase from Entergy’s previous quarterly dividend of $1.13. This represents a $4.80 annualized dividend and a dividend yield of 3.55%. Entergy’s dividend payout ratio (DPR) is presently 54.07%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Guggenheim boosted their price objective on shares of Entergy from $118.00 to $128.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. 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. Wells Fargo & Company raised their price target on shares of Entergy from $125.00 to $137.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Barclays cut their target price on Entergy from $138.00 to $137.00 and set an “overweight” rating on the stock in a research note on Monday, October 7th. Finally, BMO Capital Markets upped their price target on Entergy from $131.00 to $140.00 and gave the company an “outperform” rating in a research report on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, two have issued 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, the company has an average rating of “Moderate Buy” and an average target price of $131.19.

Entergy Company 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.