Entergy Co. (NYSE:ETR) Shares Bought by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC grew its position in Entergy Co. (NYSE:ETR) by 4.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,300 shares of the utilities provider’s stock after buying an additional 105 shares during the period. Sequoia Financial Advisors LLC’s holdings in Entergy were worth $303,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in ETR. Iron Horse Wealth Management LLC purchased a new position in shares of Entergy during the 2nd quarter worth approximately $25,000. Heritage Wealth Advisors raised its stake in Entergy by 2,172.7% during the 1st quarter. Heritage Wealth Advisors now owns 250 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 239 shares in the last quarter. Cetera Trust Company N.A purchased a new position in Entergy during the 3rd quarter worth $29,000. American National Bank grew its position in Entergy by 93.7% during the 2nd quarter. American National Bank now owns 277 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 134 shares during the last quarter. Finally, TruNorth Capital Management LLC purchased a new position in Entergy during the 2nd quarter worth $32,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Wells Fargo & Company lifted their target price on shares of Entergy from $125.00 to $137.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. BMO Capital Markets lifted their target price on shares of Entergy from $131.00 to $140.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th. UBS Group boosted their price objective on shares of Entergy from $143.00 to $144.00 and gave the company a “buy” rating in a research report on Friday, September 20th. JPMorgan Chase & Co. boosted their price objective on shares of Entergy from $131.00 to $141.00 and gave the company an “overweight” rating in a research report on Monday, August 12th. Finally, KeyCorp upped their price target on shares of Entergy from $140.00 to $143.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $131.19.

Entergy Price Performance

Shares of ETR stock opened at $136.33 on Tuesday. The company has a market capitalization of $29.15 billion, a PE ratio of 16.31, a price-to-earnings-growth ratio of 2.56 and a beta of 0.74. The firm has a fifty day simple moving average of $127.87 and a 200-day simple moving average of $116.21. The company has a current ratio of 0.94, a quick ratio of 0.62 and a debt-to-equity ratio of 1.81. Entergy Co. has a twelve month low of $92.31 and a twelve month high of $138.24.

Entergy (NYSE:ETR) last posted its quarterly earnings results on Thursday, August 1st. The utilities provider reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.16. The firm had revenue of $2.95 billion for the quarter, compared to analysts’ expectations 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 company posted $1.84 earnings per share. Equities research analysts anticipate that Entergy Co. will post 7.21 earnings per share for the current fiscal year.

Entergy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Wednesday, November 13th will be issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 3.52%. This is a boost from Entergy’s previous quarterly dividend of $1.13. The ex-dividend date of this dividend is Wednesday, November 13th. Entergy’s dividend payout ratio is 54.07%.

Insiders Place Their Bets

In related news, CEO Andrew S. Marsh sold 3,200 shares of the 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 owns 150,731 shares of the company’s stock, valued at $18,307,787.26. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Andrew S. Marsh sold 19,200 shares of the stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $120.35, for a total value of $2,310,720.00. Following the completion of the transaction, the chief executive officer now owns 150,731 shares in the company, valued at $18,140,475.85. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Andrew S. Marsh sold 3,200 shares of the stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $121.46, for a total transaction of $388,672.00. Following the completion of the transaction, the chief executive officer now owns 150,731 shares of the company’s stock, valued at $18,307,787.26. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 50,810 shares of company stock valued at $6,140,626. Company insiders own 0.54% of the company’s stock.

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.