Entergy Co. (NYSE:ETR) Position Boosted by 1832 Asset Management L.P.

1832 Asset Management L.P. raised its holdings in shares of Entergy Co. (NYSE:ETR) by 27.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 548,393 shares of the utilities provider’s stock after acquiring an additional 119,636 shares during the period. 1832 Asset Management L.P. owned approximately 0.26% of Entergy worth $58,678,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in ETR. Quest Partners LLC bought a new stake in shares of Entergy during the fourth quarter valued at about $125,000. Assetmark Inc. lifted its stake in shares of Entergy by 11.7% in the 4th quarter. Assetmark Inc. now owns 22,302 shares of the utilities provider’s stock worth $2,257,000 after acquiring an additional 2,342 shares during the period. 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 valued at $2,747,000 after acquiring an additional 1,124 shares in the last quarter. US Bancorp DE increased its stake in shares of Entergy by 5.9% during the fourth quarter. US Bancorp DE now owns 25,343 shares of the utilities provider’s stock valued at $2,565,000 after acquiring an additional 1,405 shares during the period. Finally, Commerce Bank increased its stake 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. Institutional investors and hedge funds own 88.07% of the company’s stock.

Entergy Stock Up 1.2 %

ETR stock opened at $129.25 on Monday. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.94 and a quick ratio of 0.62. The firm has a market capitalization of $27.60 billion, a P/E ratio of 12.96, a P/E/G ratio of 2.31 and a beta of 0.73. Entergy Co. has a 52-week low of $87.10 and a 52-week high of $129.70. The company’s 50 day simple moving average is $118.52 and its 200-day simple moving average is $110.93.

Entergy (NYSE:ETR) last announced its 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 company had revenue of $2.95 billion for the quarter, compared to the consensus estimate 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 previous year, the business earned $1.84 EPS. As a group, equities research analysts anticipate that Entergy Co. will post 7.22 EPS for the current year.

Entergy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Tuesday, August 13th were paid a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 3.50%. The ex-dividend date of this dividend was Tuesday, August 13th. Entergy’s dividend payout ratio is currently 45.34%.

Insiders Place Their Bets

In other news, CEO Andrew S. Marsh sold 600 shares of the stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $120.03, for a total value of $72,018.00. Following the completion of the sale, the chief executive officer now directly owns 150,731 shares of the company’s stock, valued at $18,092,241.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, COO Peter S. Norgeot, Jr. sold 3,250 shares of the business’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $122.56, for a total transaction of $398,320.00. Following the transaction, the chief operating officer now directly owns 34,993 shares in the company, valued at approximately $4,288,742.08. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Andrew S. Marsh sold 600 shares of the stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $120.03, for a total value of $72,018.00. Following the sale, the chief executive officer now owns 150,731 shares of the company’s stock, valued at $18,092,241.93. The disclosure for this sale can be found here. In the last ninety days, insiders sold 42,888 shares of company stock worth $5,110,766. 0.39% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on ETR shares. Barclays raised Entergy from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $115.00 to $138.00 in a research note on Tuesday, September 17th. Mizuho raised their target price on Entergy from $107.00 to $114.00 and gave the company a “buy” rating in a research note on Friday, May 31st. LADENBURG THALM/SH SH reaffirmed a “neutral” rating and set a $109.50 target price (down from $117.00) on shares of Entergy in a report on Wednesday, June 12th. Argus raised shares of Entergy to a “strong-buy” rating in a report on Wednesday, August 28th. Finally, Scotiabank raised their price objective on shares of Entergy from $115.00 to $119.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. One analyst has rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Entergy 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.