Integrated Advisors Network LLC Sells 157 Shares of Entergy Co. (NYSE:ETR)

Integrated Advisors Network LLC reduced its stake in Entergy Co. (NYSE:ETRFree Report) by 1.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,486 shares of the utilities provider’s stock after selling 157 shares during the period. Integrated Advisors Network LLC’s holdings in Entergy were worth $1,380,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ETR. Sumitomo Mitsui Trust Holdings Inc. increased its stake in Entergy by 0.4% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 511,645 shares of the utilities provider’s stock valued at $54,071,000 after purchasing an additional 1,992 shares in the last quarter. Norden Group LLC bought a new stake in Entergy in the first quarter valued at $3,298,000. HB Wealth Management LLC increased its stake in Entergy by 32.2% in the first quarter. HB Wealth Management LLC now owns 3,342 shares of the utilities provider’s stock valued at $353,000 after purchasing an additional 814 shares in the last quarter. Van ECK Associates Corp increased its stake in Entergy by 55.6% in the first quarter. Van ECK Associates Corp now owns 74,685 shares of the utilities provider’s stock valued at $7,893,000 after purchasing an additional 26,690 shares in the last quarter. Finally, Private Advisor Group LLC increased its position in shares of Entergy by 32.1% during the first quarter. Private Advisor Group LLC now owns 6,195 shares of the utilities provider’s stock worth $655,000 after acquiring an additional 1,505 shares in the last quarter. 88.07% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, COO Peter S. Norgeot, Jr. sold 7,922 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $130.00, for a total transaction of $1,029,860.00. Following the sale, the chief operating officer now owns 34,993 shares of the company’s stock, valued at approximately $4,549,090. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, COO Peter S. Norgeot, Jr. sold 7,922 shares of the stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $130.00, for a total value of $1,029,860.00. Following the transaction, the chief operating officer now owns 34,993 shares of the company’s stock, valued at $4,549,090. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Eliecer Viamontes sold 5,166 shares of the stock in a transaction on Friday, August 30th. The stock was sold at an average price of $120.00, for a total transaction of $619,920.00. Following the completion of the transaction, the insider now directly owns 5,117 shares in the company, valued at $614,040. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 50,810 shares of company stock valued at $6,140,626. Company insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

ETR has been the subject of several recent research reports. Bank of America boosted their target price on shares of Entergy from $135.00 to $138.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th. BMO Capital Markets boosted their price target on shares of Entergy from $131.00 to $140.00 and gave the stock an “outperform” rating in a report on Tuesday, October 15th. KeyCorp boosted their price target on shares of Entergy from $140.00 to $143.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd. Morgan Stanley boosted their target price on shares of Entergy from $109.00 to $115.00 and gave the company an “underweight” rating in a research note on Wednesday, September 25th. Finally, Royal Bank of Canada boosted their target price on shares of Entergy from $137.00 to $140.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. One research 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 stock. According to MarketBeat, Entergy currently has an average rating of “Moderate Buy” and an average price target of $131.19.

Read Our Latest Stock Report on ETR

Entergy Stock Performance

Shares of ETR stock opened at $134.40 on Thursday. The stock has a market capitalization of $28.74 billion, a P/E ratio of 16.08, a PEG ratio of 2.56 and a beta of 0.74. 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 firm’s 50 day moving average is $128.48 and its 200 day moving average is $116.55. Entergy Co. has a 12 month low of $94.63 and a 12 month high of $138.24.

Entergy (NYSE:ETRGet Free Report) last announced its quarterly 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 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 EPS. On average, sell-side analysts anticipate that Entergy Co. will post 7.21 earnings per share for the current year.

Entergy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors 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 yield of 3.57%. The ex-dividend date is Wednesday, November 13th. This is a positive change from Entergy’s previous quarterly dividend of $1.13. Entergy’s dividend payout ratio is 54.07%.

Entergy Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Entergy (NYSE:ETR)

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