Entergy Co. (NYSE:ETR) Shares Purchased by Moors & Cabot Inc.

Moors & Cabot Inc. boosted its stake in Entergy Co. (NYSE:ETR) by 10.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,317 shares of the utilities provider’s stock after acquiring an additional 210 shares during the period. Moors & Cabot Inc.’s holdings in Entergy were worth $248,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of ETR. Capital International Investors raised its holdings in shares of Entergy by 64.2% during the first quarter. Capital International Investors now owns 4,170,045 shares of the utilities provider’s stock worth $440,690,000 after purchasing an additional 1,630,057 shares during the period. Norges Bank acquired a new stake in shares of Entergy during the fourth quarter worth $127,675,000. Confluence Investment Management LLC acquired a new stake in shares of Entergy during the first quarter worth $92,257,000. Panagora Asset Management Inc. raised its holdings in shares of Entergy by 89.2% during the second quarter. Panagora Asset Management Inc. now owns 1,073,603 shares of the utilities provider’s stock worth $114,876,000 after purchasing an additional 506,239 shares during the period. Finally, Capital Research Global Investors raised its holdings in shares of Entergy by 22.5% during the first quarter. Capital Research Global Investors now owns 2,753,248 shares of the utilities provider’s stock worth $290,963,000 after purchasing an additional 505,705 shares during the period. 88.07% of the stock is owned by institutional investors and hedge funds.

Entergy Stock Performance

NYSE:ETR opened at $129.28 on Friday. Entergy Co. has a twelve month low of $87.10 and a twelve month high of $129.70. The company has a current ratio of 0.94, a quick ratio of 0.62 and a debt-to-equity ratio of 1.81. The company has a 50-day moving average of $118.52 and a 200-day moving average of $110.81. The firm has a market cap of $27.61 billion, a price-to-earnings ratio of 12.97, a price-to-earnings-growth ratio of 2.31 and a beta of 0.73.

Entergy (NYSE:ETR) last posted its quarterly earnings data on Thursday, August 1st. The utilities provider reported $1.92 earnings per share 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 company had revenue of $2.95 billion during the quarter, compared to analyst estimates of $2.98 billion. During the same quarter last year, the firm posted $1.84 EPS. Analysts forecast that Entergy Co. will post 7.22 earnings per share for the current fiscal year.

Entergy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders 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 annualized dividend and a dividend yield of 3.50%. Entergy’s dividend payout ratio (DPR) is 45.34%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. BMO Capital Markets increased their target price on shares of Entergy from $124.00 to $131.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. LADENBURG THALM/SH SH reaffirmed a “neutral” rating and issued a $109.50 price objective (down previously from $117.00) on shares of Entergy in a report on Wednesday, June 12th. Wells Fargo & Company increased their price objective on shares of Entergy from $125.00 to $137.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. UBS Group increased their price objective on shares of Entergy from $143.00 to $144.00 and gave the stock a “buy” rating in a report on Friday. Finally, JPMorgan Chase & Co. increased their price objective on shares of Entergy from $131.00 to $141.00 and gave the stock an “overweight” rating in a report on Monday, August 12th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Entergy has a consensus rating of “Moderate Buy” and a consensus target price of $127.35.

Insider Activity

In other news, insider Eliecer Viamontes sold 5,166 shares of the firm’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $120.00, for a total transaction of $619,920.00. Following the completion of the transaction, the insider now owns 5,117 shares in the company, valued at approximately $614,040. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Entergy news, insider Eliecer Viamontes sold 5,166 shares of the firm’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $120.00, for a total value of $619,920.00. Following the completion of the transaction, the insider now directly owns 5,117 shares in the company, valued at $614,040. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Andrew S. Marsh sold 600 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $120.03, for a total transaction of $72,018.00. Following the completion of the transaction, the chief executive officer now owns 150,731 shares of the company’s stock, valued at $18,092,241.93. The disclosure for this sale can be found here. In the last quarter, insiders sold 42,888 shares of company stock worth $5,110,766. Corporate insiders own 0.39% of the company’s stock.

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.