Entergy Co. (NYSE:ETR) Shares Bought by Wealth Alliance

Wealth Alliance boosted its holdings in shares of Entergy Co. (NYSE:ETR) by 1.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 8,201 shares of the utilities provider’s stock after buying an additional 101 shares during the quarter. Wealth Alliance’s holdings in Entergy were worth $830,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Fairfield Bush & CO. purchased a new stake in Entergy during the 1st quarter valued at about $29,000. EverSource Wealth Advisors LLC grew its stake in Entergy by 157.1% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 270 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 165 shares during the last quarter. Fortis Group Advisors LLC purchased a new stake in Entergy during the 3rd quarter valued at about $32,000. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of Entergy in the third quarter worth about $32,000. Finally, Harbour Investments Inc. boosted its stake in shares of Entergy by 17,550.0% in the third quarter. Harbour Investments Inc. now owns 353 shares of the utilities provider’s stock worth $33,000 after buying an additional 351 shares during the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Entergy Trading Down 1.7 %

Shares of Entergy stock opened at $100.58 on Wednesday. The firm has a market capitalization of $21.45 billion, a price-to-earnings ratio of 9.07, a PEG ratio of 2.02 and a beta of 0.71. Entergy Co. has a fifty-two week low of $87.10 and a fifty-two week high of $109.85. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.32 and a current ratio of 0.57. The stock has a 50 day moving average of $102.23 and a 200 day moving average of $99.96.

Entergy (NYSE:ETR) last issued its quarterly earnings data on Thursday, February 22nd. The utilities provider reported $0.52 earnings per share for the quarter, hitting the consensus estimate of $0.52. Entergy had a return on equity of 10.54% and a net margin of 19.41%. The company had revenue of $2.72 billion during the quarter, compared to analyst estimates of $3.27 billion. During the same period in the prior year, the business posted $0.51 earnings per share. As a group, research analysts predict that Entergy Co. will post 7.22 earnings per share for the current year.

Entergy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Thursday, May 2nd will be issued a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 4.49%. The ex-dividend date is Wednesday, May 1st. Entergy’s dividend payout ratio is currently 40.76%.

Insider Buying and Selling

In other Entergy news, EVP Marcus V. Brown sold 8,500 shares of Entergy stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $102.84, for a total value of $874,140.00. Following the sale, the executive vice president now owns 9,911 shares of the company’s stock, valued at approximately $1,019,247.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Kimberly Cook-Nelson sold 2,000 shares of Entergy stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $100.35, for a total transaction of $200,700.00. Following the completion of the transaction, the executive vice president now directly owns 16,037 shares in the company, valued at approximately $1,609,312.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Marcus V. Brown sold 8,500 shares of Entergy stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $102.84, for a total value of $874,140.00. Following the transaction, the executive vice president now owns 9,911 shares of the company’s stock, valued at $1,019,247.24. The disclosure for this sale can be found here. Insiders have sold a total of 12,000 shares of company stock valued at $1,226,685 over the last quarter. 0.54% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently weighed in on ETR shares. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $117.00 price target on shares of Entergy in a report on Monday, February 26th. BMO Capital Markets increased their price target on Entergy from $110.00 to $113.00 and gave the company an “outperform” rating in a report on Monday, February 26th. Finally, Barclays cut their price target on Entergy from $108.00 to $107.00 and set an “equal weight” rating for the company in a report on Monday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $109.78.

Entergy 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.