Entergy Co. (NYSE:ETR) Shares Bought by Prospera Private Wealth LLC

Prospera Private Wealth LLC grew its position in Entergy Co. (NYSE:ETR) by 3.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,467 shares of the utilities provider’s stock after acquiring an additional 170 shares during the period. Prospera Private Wealth LLC’s holdings in Entergy were worth $720,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of ETR. Ameriprise Financial Inc. grew its holdings in Entergy by 47.1% in the second quarter. Ameriprise Financial Inc. now owns 6,479,044 shares of the utilities provider’s stock valued at $693,260,000 after purchasing an additional 2,075,776 shares during the period. Capital International Investors raised its position in Entergy by 64.2% during the first quarter. Capital International Investors now owns 4,170,045 shares of the utilities provider’s stock worth $440,690,000 after acquiring an additional 1,630,057 shares during the period. Millennium Management LLC grew its position in shares of Entergy by 185.5% in the second quarter. Millennium Management LLC now owns 1,876,672 shares of the utilities provider’s stock valued at $200,804,000 after purchasing an additional 1,219,419 shares during the period. Barrow Hanley Mewhinney & Strauss LLC increased its stake in shares of Entergy by 12.4% during 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 purchasing an additional 763,834 shares in the last quarter. Finally, Panagora Asset Management Inc. raised its position in shares of Entergy by 89.2% during the 2nd quarter. Panagora Asset Management Inc. now owns 1,073,603 shares of the utilities provider’s stock worth $114,876,000 after purchasing an additional 506,239 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Haley Fisackerly sold 4,134 shares of the company’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $149.03, for a total value of $616,090.02. Following the completion of the sale, the insider now directly owns 2,016 shares of the company’s stock, valued at $300,444.48. This represents a 67.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andrew S. Marsh sold 600 shares of the company’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 sale, the chief executive officer now owns 150,731 shares of the company’s stock, valued at approximately $18,092,241.93. This trade represents a 0.40 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 40,472 shares of company stock worth $5,076,328 over the last 90 days. 0.54% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages have commented on ETR. BMO Capital Markets reduced their target price on Entergy from $166.00 to $159.00 and set an “outperform” rating for the company in a report on Monday. Argus raised shares of Entergy to a “strong-buy” rating in a research note on Wednesday, August 28th. Barclays increased their target price on shares of Entergy from $137.00 to $152.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Guggenheim boosted their price target on shares of Entergy from $145.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Bank of America lowered shares of Entergy from a “buy” rating to a “neutral” rating and raised their target price for the stock from $138.00 to $154.00 in a research note on Monday, November 4th. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $150.42.

Entergy Trading Up 0.4 %

Shares of NYSE ETR opened at $149.83 on Wednesday. The stock has a fifty day simple moving average of $136.12 and a 200-day simple moving average of $120.78. 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 Co. has a twelve month low of $96.15 and a twelve month high of $156.85. The stock has a market capitalization of $32.13 billion, a PE ratio of 18.25, a PEG ratio of 2.49 and a beta of 0.71.

Entergy (NYSE:ETR) last released its earnings results on Thursday, October 31st. The utilities provider reported $2.99 EPS for the quarter, topping the consensus estimate of $2.91 by $0.08. The firm had revenue of $3.39 billion during the quarter, compared to analysts’ expectations of $3.46 billion. Entergy had a return on equity of 9.53% and a net margin of 14.83%. During the same period in the previous year, the firm posted $3.27 EPS. On average, equities analysts forecast that Entergy Co. will post 7.21 earnings per share for the current year.

Entergy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Wednesday, November 13th will be paid a $1.20 dividend. The ex-dividend date is Wednesday, November 13th. This is a boost from Entergy’s previous quarterly dividend of $1.13. This represents a $4.80 dividend on an annualized basis and a yield of 3.20%. Entergy’s dividend payout ratio (DPR) is currently 58.47%.

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.