Entergy Co. (NYSE:ETR) Shares Sold by Creative Planning

Creative Planning lessened its holdings in shares of Entergy Co. (NYSE:ETR) by 0.6% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 28,726 shares of the utilities provider’s stock after selling 184 shares during the quarter. Creative Planning’s holdings in Entergy were worth $3,781,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of ETR. Atlas Capital Advisors LLC lifted its holdings in shares of Entergy by 182.9% during the 1st quarter. Atlas Capital Advisors LLC now owns 396 shares of the utilities provider’s stock valued at $42,000 after acquiring an additional 256 shares in the last quarter. 180 Wealth Advisors LLC lifted its stake in shares of Entergy by 46.6% during the first quarter. 180 Wealth Advisors LLC now owns 3,088 shares of the utilities provider’s stock worth $326,000 after purchasing an additional 982 shares in the last quarter. Fox Hill Wealth Management grew its stake in shares of Entergy by 21.6% in the first quarter. Fox Hill Wealth Management now owns 10,015 shares of the utilities provider’s stock valued at $1,058,000 after buying an additional 1,777 shares in the last quarter. Founders Financial Securities LLC purchased a new stake in shares of Entergy during the 1st quarter valued at about $206,000. Finally, Citizens Business Bank lifted its position in Entergy by 10.2% during the 1st quarter. Citizens Business Bank now owns 3,285 shares of the utilities provider’s stock worth $347,000 after acquiring an additional 303 shares in the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on ETR. Scotiabank lifted their price objective 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. Bank of America boosted 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. Guggenheim raised their target price on Entergy from $118.00 to $128.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Morgan Stanley boosted their price target on Entergy from $109.00 to $115.00 and gave the stock an “underweight” rating in a research note on Wednesday, September 25th. Finally, UBS Group lifted their price objective on Entergy from $143.00 to $144.00 and gave the stock a “buy” rating in a report on Friday, September 20th. One analyst has rated the stock with a sell rating, two have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $131.19.

Insider Activity

In related news, CEO Andrew S. Marsh sold 3,200 shares of Entergy 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. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CEO Andrew S. Marsh sold 600 shares of the firm’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $120.03, for a total transaction of $72,018.00. Following the transaction, the chief executive officer now directly owns 150,731 shares of the company’s stock, valued at approximately $18,092,241.93. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew S. Marsh sold 3,200 shares of the company’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $121.46, for a total transaction 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 $18,307,787.26. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 50,810 shares of company stock valued at $6,140,626. 0.39% of the stock is currently owned by company insiders.

Entergy Stock Down 1.5 %

Shares of NYSE:ETR opened at $135.38 on Friday. Entergy Co. has a 1-year low of $90.78 and a 1-year high of $138.24. The company’s fifty day moving average is $127.15 and its two-hundred day moving average is $115.63. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.62 and a current ratio of 0.94. The stock has a market capitalization of $28.95 billion, a price-to-earnings ratio of 16.19, a price-to-earnings-growth ratio of 2.55 and a beta of 0.74.

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

Entergy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Wednesday, November 13th will be paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 3.55%. This is a boost from Entergy’s previous quarterly dividend of $1.13. Entergy’s dividend payout ratio (DPR) is presently 54.07%.

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.