LVW Advisors LLC Raises Stock Position in Entergy Co. (NYSE:ETR)

LVW Advisors LLC boosted its position in shares of Entergy Co. (NYSE:ETR) by 22.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,425 shares of the utilities provider’s stock after acquiring an additional 448 shares during the period. LVW Advisors LLC’s holdings in Entergy were worth $256,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. grew its stake in Entergy by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 26,038,725 shares of the utilities provider’s stock worth $2,408,582,000 after buying an additional 104,803 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Entergy by 1.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,506,843 shares of the utilities provider’s stock valued at $416,883,000 after purchasing an additional 48,047 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of Entergy by 25.2% in the 4th quarter. Franklin Resources Inc. now owns 3,961,859 shares of the utilities provider’s stock valued at $400,901,000 after purchasing an additional 796,316 shares in the last quarter. ClearBridge Investments Ltd boosted its stake in shares of Entergy by 29.3% in the 4th quarter. ClearBridge Investments Ltd now owns 3,115,468 shares of the utilities provider’s stock valued at $315,254,000 after purchasing an additional 706,059 shares in the last quarter. Finally, Federated Hermes Inc. boosted its stake in shares of Entergy by 9.8% in the 4th quarter. Federated Hermes Inc. now owns 2,904,933 shares of the utilities provider’s stock valued at $293,950,000 after purchasing an additional 258,806 shares in the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Entergy Stock Performance

Shares of ETR stock opened at $107.00 on Monday. The company has a 50 day moving average price of $108.89 and a 200-day moving average price of $104.30. Entergy Co. has a 52 week low of $87.10 and a 52 week high of $114.28. The firm has a market capitalization of $22.85 billion, a PE ratio of 10.73, a P/E/G ratio of 2.02 and a beta of 0.71. The company has a quick ratio of 0.45, a current ratio of 0.69 and a debt-to-equity ratio of 1.68.

Entergy (NYSE:ETR) last announced 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 return on equity of 10.20% and a net margin of 17.75%. The company had revenue of $31.17 billion during the quarter, compared to the consensus estimate of $3.16 billion. During the same quarter in the prior year, the firm earned $1.14 earnings per share. The business’s revenue was down .5% compared to the same quarter last year. As a group, equities research analysts expect that Entergy Co. will post 7.22 earnings per share for the current year.

Entergy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Thursday, May 2nd were issued a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 4.22%. The ex-dividend date of this dividend was Wednesday, May 1st. Entergy’s dividend payout ratio is currently 45.34%.

Insider Buying and Selling at Entergy

In other news, CAO Reginald T. Jackson sold 9,229 shares of the business’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 transaction, the chief accounting officer now owns 2,166 shares of the company’s stock, valued at $235,465.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Haley Fisackerly sold 1,500 shares of the business’s stock in a transaction 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 sale, the insider now owns 2,479 shares in the company, valued at $273,260.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Reginald T. Jackson sold 9,229 shares of the business’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $108.71, for a total transaction of $1,003,284.59. Following the completion of the sale, the chief accounting officer now owns 2,166 shares in the company, valued at approximately $235,465.86. The disclosure for this sale can be found here. Insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ETR. KeyCorp upped their price objective on shares of Entergy from $112.00 to $123.00 and gave the company an “overweight” rating in a research note on Monday, May 20th. Morgan Stanley lowered their price target on shares of Entergy from $103.00 to $98.00 and set an “underweight” rating for the company in a report on Monday, June 24th. Mizuho increased their price target on shares of Entergy from $107.00 to $114.00 and gave the company a “buy” rating in a research report on Friday, May 31st. Wells Fargo & Company increased their price target on shares of Entergy from $122.00 to $125.00 and gave the company an “overweight” rating in a research report on Wednesday, June 5th. Finally, BMO Capital Markets increased their price target on shares of Entergy from $118.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, June 6th. One equities 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. According to data from MarketBeat, Entergy has a consensus rating of “Moderate Buy” and a consensus target price of $113.73.

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.