Entergy Co. (NYSE:ETR) Shares Acquired by Profund Advisors LLC

Profund Advisors LLC boosted its holdings in Entergy Co. (NYSE:ETR) by 49.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,791 shares of the utilities provider’s stock after buying an additional 3,901 shares during the quarter. Profund Advisors LLC’s holdings in Entergy were worth $1,262,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Quest Partners LLC purchased a new stake in shares of Entergy during the fourth quarter valued at $125,000. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Entergy by 4.3% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 27,145 shares of the utilities provider’s stock worth $2,747,000 after buying an additional 1,124 shares during the period. US Bancorp DE increased its position in shares of Entergy by 5.9% in the fourth quarter. US Bancorp DE now owns 25,343 shares of the utilities provider’s stock worth $2,565,000 after acquiring an additional 1,405 shares in the last quarter. Commerce Bank raised its holdings in shares of Entergy by 1.8% during the fourth quarter. Commerce Bank now owns 13,102 shares of the utilities provider’s stock valued at $1,326,000 after acquiring an additional 228 shares during the period. Finally, SageView Advisory Group LLC lifted its position in shares of Entergy by 5.7% in the 4th quarter. SageView Advisory Group LLC now owns 7,575 shares of the utilities provider’s stock valued at $759,000 after acquiring an additional 406 shares in the last quarter. Institutional investors own 88.07% of the company’s stock.

Entergy Trading Up 0.6 %

Shares of NYSE:ETR opened at $130.04 on Tuesday. 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 stock has a market capitalization of $27.77 billion, a PE ratio of 13.04, a P/E/G ratio of 2.31 and a beta of 0.73. Entergy Co. has a 1 year low of $87.10 and a 1 year high of $130.16. The firm has a fifty day moving average price of $118.98 and a 200 day moving average price of $111.12.

Entergy (NYSE:ETR) last released its quarterly earnings results on Thursday, August 1st. The utilities provider reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.16. Entergy had a return on equity of 10.10% and a net margin of 14.75%. 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 company posted $1.84 EPS. Analysts expect that Entergy Co. will post 7.22 EPS for the current fiscal year.

Entergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Tuesday, August 13th were paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date of this dividend was Tuesday, August 13th. Entergy’s payout ratio is 45.34%.

Insider Buying and Selling

In other Entergy news, CEO Andrew S. Marsh sold 19,200 shares of the business’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 of the company’s stock, valued at approximately $18,140,475.85. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO Andrew S. Marsh sold 19,200 shares of the business’s stock in a transaction dated Friday, August 30th. The stock was 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 of the company’s stock, valued at approximately $18,140,475.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andrew S. Marsh sold 3,200 shares of the firm’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 in the company, valued at approximately $18,307,787.26. The disclosure for this sale can be found here. In the last three months, insiders sold 42,888 shares of company stock valued at $5,110,766. Company insiders own 0.39% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Scotiabank lifted their price objective on shares of Entergy from $115.00 to $119.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 20th. UBS Group increased their price objective on Entergy from $143.00 to $144.00 and gave the stock a “buy” rating in a research note on Friday. Morgan Stanley lifted their target price on Entergy from $100.00 to $109.00 and gave the company an “underweight” rating in a research note on Friday, August 23rd. Guggenheim increased their price target on shares of Entergy from $118.00 to $128.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Finally, KeyCorp boosted their price objective on shares of Entergy from $123.00 to $130.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average 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.