Vanguard Personalized Indexing Management LLC Purchases 5,057 Shares of Entergy Co. (NYSE:ETR)

Vanguard Personalized Indexing Management LLC boosted its position in Entergy Co. (NYSE:ETR) by 32.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,429 shares of the utilities provider’s stock after purchasing an additional 5,057 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Entergy were worth $2,186,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in ETR. Tidemark LLC bought a new position in Entergy in the fourth quarter worth about $25,000. Iron Horse Wealth Management LLC bought a new position in Entergy in the second quarter worth about $25,000. Heritage Wealth Advisors raised its holdings in Entergy by 2,172.7% in the first quarter. Heritage Wealth Advisors now owns 250 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 239 shares in the last quarter. American National Bank increased its holdings in shares of Entergy by 93.7% during the second quarter. American National Bank now owns 277 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 134 shares in the last quarter. Finally, TruNorth Capital Management LLC acquired a new position in shares of Entergy during the second quarter valued at about $32,000. 88.07% of the stock is currently owned by institutional investors.

Insider Activity

In other news, COO Peter S. Norgeot, Jr. sold 11,472 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $115.16, for a total transaction of $1,321,115.52. Following the transaction, the chief operating officer now owns 37,888 shares in the company, valued at approximately $4,363,182.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, COO Peter S. Norgeot, Jr. sold 3,250 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $122.56, for a total transaction of $398,320.00. Following the transaction, the chief operating officer now owns 34,993 shares in the company, valued at approximately $4,288,742.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO Peter S. Norgeot, Jr. sold 11,472 shares of the stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $115.16, for a total value of $1,321,115.52. Following the completion of the transaction, the chief operating officer now directly owns 37,888 shares of the company’s stock, valued at $4,363,182.08. The disclosure for this sale can be found here. Insiders have sold 42,888 shares of company stock worth $5,110,766 in the last quarter. Corporate insiders own 0.39% of the company’s stock.

Entergy Trading Up 1.3 %

Entergy stock opened at $129.28 on Friday. 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 12 month low of $87.10 and a 12 month high of $129.70. The stock’s 50 day simple moving average is $118.52 and its two-hundred day simple moving average is $110.81. The firm has a market cap of $27.61 billion, a PE ratio of 12.97, a P/E/G ratio of 2.31 and a beta of 0.73.

Entergy (NYSE:ETR) last released its quarterly earnings data on Thursday, August 1st. The utilities provider reported $1.92 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 business had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.98 billion. During the same quarter in the prior year, the firm posted $1.84 EPS. Analysts anticipate that Entergy Co. will post 7.22 earnings per share for the current year.

Entergy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Tuesday, August 13th were given a dividend of $1.13 per share. The ex-dividend date of this dividend was Tuesday, August 13th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.50%. Entergy’s dividend payout ratio (DPR) is 45.34%.

Wall Street Analyst Weigh In

ETR has been the topic of several recent analyst reports. JPMorgan Chase & Co. upped their price objective on shares of Entergy from $131.00 to $141.00 and gave the company an “overweight” rating in a report on Monday, August 12th. Argus upgraded shares of Entergy to a “strong-buy” rating in a report on Wednesday, August 28th. Bank of America upped their price objective on shares of Entergy from $135.00 to $138.00 and gave the company a “buy” rating in a report on Thursday, August 29th. UBS Group upped their price objective on shares of Entergy from $143.00 to $144.00 and gave the company a “buy” rating in a report on Friday. Finally, Morgan Stanley upped their price objective on shares of Entergy from $100.00 to $109.00 and gave the company an “underweight” rating in a report on Friday, August 23rd. One research analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $127.35.

Entergy 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.