Entergy Co. (NYSE:ETR) Shares Sold by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. trimmed its holdings in Entergy Co. (NYSE:ETR) by 5.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,020 shares of the utilities provider’s stock after selling 523 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Entergy were worth $913,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Tidemark LLC acquired a new stake in Entergy in the 4th quarter valued at about $25,000. Fortis Group Advisors LLC acquired a new stake in Entergy in the 3rd quarter valued at about $32,000. OLD Point Trust & Financial Services N A acquired a new stake in Entergy in the 4th quarter valued at about $35,000. CVA Family Office LLC acquired a new stake in Entergy in the 4th quarter valued at about $41,000. Finally, Able Wealth Management LLC acquired a new stake in Entergy in the 4th quarter valued at about $43,000. 88.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ETR has been the subject of a number of analyst reports. Wells Fargo & Company upped their price objective on shares of Entergy from $122.00 to $125.00 and gave the company an “overweight” rating in a research note on Wednesday, June 5th. LADENBURG THALM/SH SH reaffirmed a “neutral” rating and set a $109.50 price objective (down from $117.00) on shares of Entergy in a research note on Wednesday, June 12th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $117.00 price objective on shares of Entergy in a research note on Monday, February 26th. Morgan Stanley upped their target price on Entergy from $94.00 to $103.00 and gave the company an “underweight” rating in a report on Tuesday, May 28th. Finally, Scotiabank dropped their target price on Entergy from $111.00 to $104.00 and set a “sector perform” rating on the stock in a report on Monday, April 22nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, Entergy has an average rating of “Moderate Buy” and a consensus target price of $114.12.

Entergy Trading Up 0.2 %

NYSE:ETR opened at $106.28 on Friday. The stock’s 50 day moving average price is $108.47 and its 200 day moving average price is $104.08. Entergy Co. has a 52 week low of $87.10 and a 52 week high of $114.28. The company has a market capitalization of $22.70 billion, a P/E ratio of 10.66, a P/E/G ratio of 2.00 and a beta of 0.73. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.45 and a current ratio of 0.69.

Entergy (NYSE:ETR) last released its quarterly earnings results on Wednesday, April 24th. The utilities provider reported $1.08 EPS for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.36). Entergy had a net margin of 17.75% and a return on equity of 10.20%. The firm had revenue of $31.17 billion during the quarter, compared to the consensus estimate of $3.16 billion. During the same period in the prior year, the business earned $1.14 EPS. The company’s revenue for the quarter was down .5% compared to the same quarter last year. On average, research analysts forecast that Entergy Co. will post 7.23 EPS for the current fiscal year.

Entergy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Thursday, May 2nd were given a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 4.25%. The ex-dividend date of this dividend was Wednesday, May 1st. Entergy’s dividend payout ratio is 45.34%.

Insider Activity

In other news, insider Haley Fisackerly sold 1,500 shares of Entergy stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $110.23, for a total value of $165,345.00. Following the transaction, the insider now owns 2,479 shares of the company’s stock, valued at $273,260.17. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CAO Reginald T. Jackson sold 9,229 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $108.71, for a total value of $1,003,284.59. Following the sale, the chief accounting officer now owns 2,166 shares in the company, valued at $235,465.86. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Haley Fisackerly sold 1,500 shares of the firm’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $110.23, for a total transaction of $165,345.00. Following the completion of the sale, the insider now owns 2,479 shares in the company, valued at approximately $273,260.17. The disclosure for this sale can be found here. Insiders own 0.39% of the company’s stock.

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.