Barrow Hanley Mewhinney & Strauss LLC Has $741.14 Million Stake in Entergy Co. (NYSE:ETR)

Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in shares of Entergy Co. (NYSE:ETR) by 12.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,926,492 shares of the utilities provider’s stock after buying an additional 763,834 shares during the period. Entergy makes up about 2.5% of Barrow Hanley Mewhinney & Strauss LLC’s portfolio, making the stock its 4th largest position. Barrow Hanley Mewhinney & Strauss LLC owned approximately 3.24% of Entergy worth $741,135,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in ETR. State Board of Administration of Florida Retirement System raised its holdings in shares of Entergy by 6.3% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 234,595 shares of the utilities provider’s stock worth $25,275,000 after acquiring an additional 13,882 shares during the last quarter. Cetera Advisor Networks LLC lifted its holdings in shares of Entergy by 11.1% in the fourth quarter. Cetera Advisor Networks LLC now owns 55,261 shares of the utilities provider’s stock valued at $5,592,000 after purchasing an additional 5,509 shares in the last quarter. Groupama Asset Managment purchased a new position in shares of Entergy during the fourth quarter valued at approximately $15,783,000. Acadian Asset Management LLC grew its holdings in Entergy by 55.4% during the first quarter. Acadian Asset Management LLC now owns 14,877 shares of the utilities provider’s stock worth $1,571,000 after buying an additional 5,303 shares in the last quarter. Finally, Viking Fund Management LLC raised its position in Entergy by 6.3% in the 1st quarter. Viking Fund Management LLC now owns 125,600 shares of the utilities provider’s stock valued at $13,273,000 after buying an additional 7,400 shares during the last quarter. 88.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Bank of America lifted their price objective on shares of Entergy from $135.00 to $138.00 and gave the stock a “buy” rating in a report on Thursday, August 29th. Barclays upgraded shares of Entergy from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $115.00 to $138.00 in a report on Tuesday, September 17th. Morgan Stanley increased their price objective on shares of Entergy from $100.00 to $109.00 and gave the company an “underweight” rating in a research note on Friday, August 23rd. Wells Fargo & Company boosted their target price on Entergy from $125.00 to $137.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Finally, Scotiabank upped their target price on Entergy from $115.00 to $119.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $127.35.

Entergy Stock Up 1.2 %

Shares of NYSE ETR opened at $129.25 on Friday. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.94 and a quick ratio of 0.62. The stock has a market capitalization of $27.60 billion, a PE ratio of 12.96, a P/E/G ratio of 2.31 and a beta of 0.73. Entergy Co. has a one year low of $87.10 and a one year high of $129.70. The business’s fifty day moving average price is $118.52 and its 200-day moving average price is $110.87.

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

Entergy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Tuesday, August 13th were paid a $1.13 dividend. 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 3.50%. Entergy’s dividend payout ratio is 45.34%.

Insider Buying and Selling at Entergy

In other news, CEO Andrew S. Marsh sold 3,200 shares of Entergy stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 150,731 shares in the company, valued at $18,307,787.26. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, COO Peter S. Norgeot, Jr. sold 3,250 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $122.56, for a total value of $398,320.00. Following the sale, the chief operating officer now directly owns 34,993 shares of the company’s stock, valued at $4,288,742.08. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Andrew S. Marsh sold 3,200 shares of the business’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 transaction of $388,672.00. Following the transaction, the chief executive officer now directly owns 150,731 shares of the company’s stock, valued at approximately $18,307,787.26. The disclosure for this sale can be found here. Insiders have sold 42,888 shares of company stock valued at $5,110,766 in the last 90 days. 0.39% of the stock is currently owned by company insiders.

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.