Ranch Capital Advisors Inc. Grows Stock Holdings in Entergy Co. (NYSE:ETR)

Ranch Capital Advisors Inc. lifted its stake in shares of Entergy Co. (NYSE:ETR) by 1.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,786 shares of the utilities provider’s stock after purchasing an additional 120 shares during the quarter. Ranch Capital Advisors Inc.’s holdings in Entergy were worth $1,154,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Tidemark LLC acquired a new stake in Entergy in the fourth quarter valued at $25,000. Iron Horse Wealth Management LLC acquired a new stake in Entergy during the second quarter worth approximately $25,000. Heritage Wealth Advisors grew its stake in Entergy by 2,172.7% in the 1st quarter. Heritage Wealth Advisors now owns 250 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 239 shares during the period. American National Bank lifted 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 period. Finally, TruNorth Capital Management LLC acquired a new stake in shares of Entergy during the second quarter worth $32,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Insider Buying and Selling

In other news, CEO Andrew S. Marsh sold 3,200 shares of the business’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $121.46, for a total transaction 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 $18,307,787.26. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CEO Andrew S. Marsh sold 3,200 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $121.46, for a total value of $388,672.00. Following the completion of the sale, the chief executive officer now directly owns 150,731 shares of the company’s stock, valued at approximately $18,307,787.26. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Peter S. Norgeot, Jr. sold 3,250 shares of Entergy stock in a transaction on Monday, September 9th. The shares were sold at an average price of $122.56, for a total value of $398,320.00. Following the transaction, the chief operating officer now owns 34,993 shares in the company, valued at $4,288,742.08. The disclosure for this sale can be found here. Insiders sold a total of 42,888 shares of company stock worth $5,110,766 in the last three months. 0.39% of the stock is owned by insiders.

Entergy Stock Performance

Shares of ETR opened at $127.68 on Friday. The stock has a market capitalization of $27.26 billion, a PE ratio of 12.81, a price-to-earnings-growth ratio of 2.31 and a beta of 0.73. The business’s fifty day moving average price is $118.12 and its 200 day moving average price is $110.62. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.94 and a quick ratio of 0.62. Entergy Co. has a 12-month low of $87.10 and a 12-month high of $129.66.

Entergy (NYSE:ETR) last posted its quarterly earnings results on Thursday, August 1st. The utilities provider reported $1.92 EPS for the quarter, beating the consensus estimate of $1.76 by $0.16. Entergy had a net margin of 14.75% and a return on equity of 10.10%. The business had revenue of $2.95 billion during the quarter, compared to analyst estimates of $2.98 billion. During the same period in the previous year, the business posted $1.84 EPS. Equities research analysts forecast that Entergy Co. will post 7.22 EPS for the current year.

Entergy Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ETR. Argus raised shares of Entergy to a “strong-buy” rating in a research report on Wednesday, August 28th. BMO Capital Markets raised their price target on shares of Entergy from $124.00 to $131.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Scotiabank raised their target price on shares of Entergy from $115.00 to $119.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. LADENBURG THALM/SH SH reaffirmed a “neutral” rating and set a $109.50 price target (down from $117.00) on shares of Entergy in a research report on Wednesday, June 12th. Finally, Guggenheim boosted their price objective on Entergy from $118.00 to $128.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $125.35.

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.