Foundations Investment Advisors LLC Acquires 559 Shares of Entergy Co. (NYSE:ETR)

Foundations Investment Advisors LLC raised its holdings in Entergy Co. (NYSE:ETR) by 12.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,988 shares of the utilities provider’s stock after purchasing an additional 559 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Entergy were worth $534,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Tidemark LLC purchased a new position in shares of Entergy in the 4th quarter worth about $25,000. Iron Horse Wealth Management LLC purchased a new position in Entergy in the second quarter valued at about $25,000. Heritage Wealth Advisors grew its position in shares of Entergy by 2,172.7% during the 1st quarter. Heritage Wealth Advisors now owns 250 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 239 shares during the period. American National Bank increased its stake in shares of Entergy by 93.7% during the 2nd quarter. American National Bank now owns 277 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 134 shares during the last quarter. Finally, TruNorth Capital Management LLC purchased a new position in Entergy in the second quarter valued at approximately $32,000. 88.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on ETR shares. LADENBURG THALM/SH SH restated a “neutral” rating and issued a $109.50 target price (down from $117.00) on shares of Entergy in a research note on Wednesday, June 12th. Wells Fargo & Company increased their target price on shares of Entergy from $125.00 to $137.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. JPMorgan Chase & Co. boosted their price target on shares of Entergy from $131.00 to $141.00 and gave the company an “overweight” rating in a research report on Monday, August 12th. Barclays cut their price objective on shares of Entergy from $116.00 to $115.00 and set an “equal weight” rating for the company in a report on Monday, July 22nd. Finally, KeyCorp boosted their target price on shares of Entergy from $112.00 to $123.00 and gave the company an “overweight” rating in a report on Monday, May 20th. One research analyst has rated the stock with a sell rating, four have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Entergy has a consensus rating of “Moderate Buy” and a consensus price target of $123.04.

Insider Activity

In related news, CEO Andrew S. Marsh sold 3,200 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $121.46, for a total value of $388,672.00. Following the sale, the chief executive officer now owns 150,731 shares in the company, valued at approximately $18,307,787.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, 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 transaction, the chief executive officer now owns 150,731 shares of the company’s stock, valued at approximately $18,307,787.26. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Andrew S. Marsh sold 600 shares of the stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $120.03, for a total transaction of $72,018.00. Following the sale, the chief executive officer now directly owns 150,731 shares in the company, valued at $18,092,241.93. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 39,638 shares of company stock worth $4,712,446. Insiders own 0.39% of the company’s stock.

Entergy Trading Down 0.3 %

ETR opened at $121.94 on Friday. The company has a quick ratio of 0.62, a current ratio of 0.94 and a debt-to-equity ratio of 1.81. Entergy Co. has a 52 week low of $87.10 and a 52 week high of $123.73. The stock has a market cap of $26.04 billion, a PE ratio of 12.23, a PEG ratio of 2.28 and a beta of 0.71. The business has a 50 day moving average of $114.55 and a 200-day moving average of $109.08.

Entergy (NYSE:ETR) last announced its earnings results on Thursday, August 1st. The utilities provider reported $1.92 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $0.16. The firm had revenue of $2.95 billion for the quarter, compared to analysts’ expectations of $2.98 billion. Entergy had a net margin of 14.75% and a return on equity of 10.10%. During the same quarter in the previous year, the business posted $1.84 EPS. Equities research analysts predict that Entergy Co. will post 7.2 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 13th were paid a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date of this dividend was Tuesday, August 13th. Entergy’s dividend payout ratio is 45.34%.

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.