Entergy Co. (NYSE:ETR) Shares Acquired by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. raised its position in Entergy Co. (NYSE:ETR) by 2.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,827 shares of the utilities provider’s stock after purchasing an additional 276 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Entergy were worth $1,373,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Iron Horse Wealth Management LLC acquired a new position in Entergy during the 2nd quarter worth $25,000. Heritage Wealth Advisors boosted its stake in shares of Entergy by 2,172.7% in the 1st quarter. Heritage Wealth Advisors now owns 250 shares of the utilities provider’s stock valued at $26,000 after buying an additional 239 shares during the period. American National Bank grew its position in shares of Entergy by 93.7% during the second quarter. American National Bank now owns 277 shares of the utilities provider’s stock worth $30,000 after buying an additional 134 shares in the last quarter. TruNorth Capital Management LLC purchased a new stake in shares of Entergy during the second quarter worth approximately $32,000. Finally, Rothschild Investment LLC acquired a new stake in Entergy in the second quarter valued at approximately $34,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

Entergy Price Performance

ETR stock opened at $132.50 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. The company has a market capitalization of $28.29 billion, a P/E ratio of 13.29, a PEG ratio of 2.46 and a beta of 0.74. The business has a 50 day simple moving average of $122.68 and a 200-day simple moving average of $112.86. Entergy Co. has a twelve month low of $89.57 and a twelve month high of $133.38.

Entergy (NYSE:ETR) last announced 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. Entergy had a net margin of 14.75% and a return on equity of 10.10%. The business had revenue of $2.95 billion during the quarter, compared to analysts’ expectations of $2.98 billion. During the same period in the prior year, the company earned $1.84 earnings per share. As a group, equities analysts anticipate that Entergy Co. will post 7.22 EPS for the current year.

Entergy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Tuesday, August 13th were issued a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date was Tuesday, August 13th. Entergy’s payout ratio is currently 45.34%.

Insider Transactions at Entergy

In related news, COO Peter S. Norgeot, Jr. sold 11,472 shares of Entergy 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 transaction, the chief operating officer now directly owns 37,888 shares in the company, valued at $4,363,182.08. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Entergy news, COO Peter S. Norgeot, Jr. sold 11,472 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $115.16, for a total value of $1,321,115.52. Following the completion of the sale, the chief operating officer now owns 37,888 shares of the company’s stock, valued at approximately $4,363,182.08. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Andrew S. Marsh sold 3,200 shares of the firm’s 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 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 disclosure for this sale can be found here. Insiders sold 50,810 shares of company stock worth $6,140,626 over the last 90 days. 0.39% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

ETR has been the subject of several analyst reports. Bank of America boosted their price target on shares of Entergy from $135.00 to $138.00 and gave the stock a “buy” rating in a report on Thursday, August 29th. Morgan Stanley boosted their target price on shares of Entergy from $109.00 to $115.00 and gave the stock an “underweight” rating in a research note on Wednesday, September 25th. UBS Group raised their price target on Entergy from $143.00 to $144.00 and gave the company a “buy” rating in a research note on Friday, September 20th. JPMorgan Chase & Co. upped their price objective on Entergy from $131.00 to $141.00 and gave the stock an “overweight” rating in a research report on Monday, August 12th. Finally, LADENBURG THALM/SH SH reissued a “neutral” rating and set a $109.50 target price (down previously from $117.00) on shares of Entergy in a research report on Wednesday, June 12th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have given a buy rating and one has assigned 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 an average price target of $128.58.

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.