Entergy Co. (NYSE:ETR) Stake Lessened by Benjamin Edwards Inc.

Benjamin Edwards Inc. trimmed its holdings in shares of Entergy Co. (NYSE:ETR) by 2.8% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 28,589 shares of the utilities provider’s stock after selling 814 shares during the period. Benjamin Edwards Inc.’s holdings in Entergy were worth $3,059,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. HBK Sorce Advisory LLC boosted its holdings in Entergy by 2.3% during the second quarter. HBK Sorce Advisory LLC now owns 4,075 shares of the utilities provider’s stock worth $436,000 after buying an additional 92 shares in the last quarter. Quent Capital LLC boosted its holdings in Entergy by 21.7% during the first quarter. Quent Capital LLC now owns 550 shares of the utilities provider’s stock worth $58,000 after buying an additional 98 shares in the last quarter. Delta Financial Advisors LLC boosted its holdings in Entergy by 0.5% during the second quarter. Delta Financial Advisors LLC now owns 22,121 shares of the utilities provider’s stock worth $2,367,000 after buying an additional 105 shares in the last quarter. iA Global Asset Management Inc. boosted its holdings in Entergy by 1.3% during the first quarter. iA Global Asset Management Inc. now owns 8,830 shares of the utilities provider’s stock worth $933,000 after buying an additional 114 shares in the last quarter. Finally, First Bank & Trust boosted its holdings in Entergy by 0.6% during the second quarter. First Bank & Trust now owns 20,540 shares of the utilities provider’s stock worth $2,198,000 after buying an additional 116 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors.

Insider Activity

In other news, COO Peter S. Norgeot, Jr. sold 3,250 shares of the firm’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $122.56, for a total transaction of $398,320.00. Following the transaction, the chief operating officer now owns 34,993 shares in the company, valued at approximately $4,288,742.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, COO Peter S. Norgeot, Jr. sold 3,250 shares of the firm’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $122.56, for a total transaction of $398,320.00. Following the transaction, the chief operating officer now owns 34,993 shares in the company, valued at approximately $4,288,742.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Andrew S. Marsh sold 19,200 shares of the firm’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $120.35, for a total transaction of $2,310,720.00. Following the completion of the transaction, the chief executive officer now owns 150,731 shares in the company, valued at $18,140,475.85. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 42,888 shares of company stock worth $5,110,766. 0.39% of the stock is owned by corporate insiders.

Entergy Stock Down 0.7 %

ETR stock opened at $127.68 on Friday. Entergy Co. has a 12-month low of $87.10 and a 12-month high of $129.66. The company has a quick ratio of 0.62, a current ratio of 0.94 and a debt-to-equity ratio of 1.81. The company has a market cap of $27.26 billion, a price-to-earnings ratio of 12.81, a PEG ratio of 2.31 and a beta of 0.73. The company has a 50 day moving average of $118.12 and a two-hundred day moving average of $110.62.

Entergy (NYSE:ETR) last released its earnings results on Thursday, August 1st. The utilities provider reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.76 by $0.16. Entergy had a net margin of 14.75% and a return on equity of 10.10%. The company had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $2.98 billion. During the same quarter in the prior year, the firm earned $1.84 EPS. On average, equities analysts anticipate that Entergy Co. will post 7.22 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Tuesday, August 13th were issued a dividend of $1.13 per share. The ex-dividend date was Tuesday, August 13th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.54%. Entergy’s dividend payout ratio is currently 45.34%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Guggenheim raised their target price on shares of Entergy from $118.00 to $128.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. KeyCorp raised their price objective on shares of Entergy from $123.00 to $130.00 and gave the stock an “overweight” rating in a research note on Monday. Mizuho raised their price objective on shares of Entergy from $107.00 to $114.00 and gave the stock a “buy” rating in a research note on Friday, May 31st. Argus raised shares of Entergy to a “strong-buy” rating in a research note on Wednesday, August 28th. Finally, BMO Capital Markets raised their price objective on shares of Entergy from $124.00 to $131.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Entergy presently has an average rating of “Moderate Buy” and a consensus price target of $125.35.

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.