Brighton Jones LLC Sells 240 Shares of Entergy Co. (NYSE:ETR)

Brighton Jones LLC lowered its holdings in shares of Entergy Co. (NYSE:ETR) by 9.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,412 shares of the utilities provider’s stock after selling 240 shares during the period. Brighton Jones LLC’s holdings in Entergy were worth $258,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. HBK Sorce Advisory LLC boosted its position in shares of Entergy by 2.3% in the 2nd quarter. HBK Sorce Advisory LLC now owns 4,075 shares of the utilities provider’s stock worth $436,000 after purchasing an additional 92 shares in the last quarter. Quent Capital LLC boosted its holdings in Entergy by 21.7% in the first quarter. Quent Capital LLC now owns 550 shares of the utilities provider’s stock worth $58,000 after acquiring an additional 98 shares in the last quarter. Delta Financial Advisors LLC grew its stake in shares of Entergy by 0.5% in the second quarter. Delta Financial Advisors LLC now owns 22,121 shares of the utilities provider’s stock worth $2,367,000 after acquiring an additional 105 shares during the last quarter. iA Global Asset Management Inc. increased its holdings in shares of Entergy by 1.3% during the first quarter. iA Global Asset Management Inc. now owns 8,830 shares of the utilities provider’s stock valued at $933,000 after acquiring an additional 114 shares in the last quarter. Finally, First Bank & Trust raised its position in shares of Entergy by 0.6% in the 2nd quarter. First Bank & Trust now owns 20,540 shares of the utilities provider’s stock worth $2,198,000 after purchasing an additional 116 shares during the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Entergy Price Performance

Shares of NYSE:ETR opened at $129.25 on Monday. 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 stock has a market capitalization of $27.60 billion, a PE ratio of 12.96, a price-to-earnings-growth ratio of 2.31 and a beta of 0.73. The firm’s 50 day moving average price is $118.52 and its 200-day moving average price is $110.93. Entergy Co. has a twelve month low of $87.10 and a twelve month high of $129.70.

Entergy (NYSE:ETR) last released its quarterly earnings results on Thursday, August 1st. The utilities provider reported $1.92 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $2.98 billion. During the same period last year, the firm earned $1.84 earnings per share. Equities research analysts expect that Entergy Co. will post 7.22 EPS for the current year.

Entergy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 13th were given a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date was Tuesday, August 13th. Entergy’s payout ratio is 45.34%.

Insider Transactions at Entergy

In related news, insider Eliecer Viamontes sold 5,166 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The stock was 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 directly owns 5,117 shares in the company, valued at approximately $614,040. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, insider Eliecer Viamontes sold 5,166 shares of the company’s stock in a transaction on 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 owns 5,117 shares of the company’s stock, valued at approximately $614,040. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Andrew S. Marsh sold 3,200 shares of the firm’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $121.46, for a total value of $388,672.00. Following the sale, the chief executive officer now directly owns 150,731 shares in the company, valued at $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 over the last quarter. 0.39% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on ETR shares. JPMorgan Chase & Co. raised their price objective on shares of Entergy from $131.00 to $141.00 and gave the company an “overweight” rating in a research note on Monday, August 12th. LADENBURG THALM/SH SH reissued a “neutral” rating and set a $109.50 price target (down previously from $117.00) on shares of Entergy in a research report on Wednesday, June 12th. Morgan Stanley boosted their price objective on shares of Entergy from $100.00 to $109.00 and gave the stock an “underweight” rating in a report on Friday, August 23rd. Argus raised Entergy to a “strong-buy” rating in a report on Wednesday, August 28th. Finally, BMO Capital Markets upped their price target on Entergy from $124.00 to $131.00 and gave the company an “outperform” rating in a report on Monday, August 5th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Entergy currently has an average rating of “Moderate Buy” and a consensus target price of $127.35.

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.