B. Metzler seel. Sohn & Co. Holding AG Invests $564,000 in Entergy Corporation (NYSE:ETR)

B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Entergy Corporation (NYSE:ETR) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 4,284 shares of the utilities provider’s stock, valued at approximately $564,000.

Other large investors have also recently added to or reduced their stakes in the company. Iron Horse Wealth Management LLC purchased a new position in Entergy in the second quarter valued at approximately $25,000. Cetera Trust Company N.A purchased a new position in shares of Entergy in the 3rd quarter valued at $29,000. Fortitude Family Office LLC lifted its holdings in shares of Entergy by 423.8% during the 3rd quarter. Fortitude Family Office LLC now owns 220 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 178 shares in the last quarter. American National Bank boosted 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 period. Finally, Coastline Trust Co acquired a new stake in Entergy in the 3rd quarter valued at $31,000. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Entergy Stock Down 0.3 %

NYSE:ETR opened at $151.06 on Monday. The stock has a 50-day simple moving average of $137.74 and a 200 day simple moving average of $121.65. Entergy Corporation has a one year low of $96.15 and a one year high of $156.85. The company has a market capitalization of $32.39 billion, a price-to-earnings ratio of 18.40, a price-to-earnings-growth ratio of 2.53 and a beta of 0.71. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.59 and a current ratio of 0.89.

Entergy (NYSE:ETR) last issued its earnings results on Thursday, October 31st. The utilities provider reported $2.99 EPS for the quarter, topping the consensus estimate of $2.91 by $0.08. The company had revenue of $3.39 billion during the quarter, compared to analyst estimates of $3.46 billion. Entergy had a return on equity of 9.53% and a net margin of 14.83%. During the same quarter last year, the firm earned $3.27 EPS. Sell-side analysts predict that Entergy Corporation will post 7.21 EPS for the current fiscal year.

Entergy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Wednesday, November 13th will be given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 3.18%. This is a boost from Entergy’s previous quarterly dividend of $1.13. The ex-dividend date is Wednesday, November 13th. Entergy’s dividend payout ratio is presently 58.47%.

Analysts Set New Price Targets

ETR has been the topic of a number of recent research reports. StockNews.com upgraded Entergy from a “sell” rating to a “hold” rating in a research note on Saturday, November 9th. KeyCorp boosted their price target on Entergy from $143.00 to $162.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. BMO Capital Markets lowered their price objective on shares of Entergy from $166.00 to $159.00 and set an “outperform” rating for the company in a research report on Monday, November 18th. Bank of America cut shares of Entergy from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $138.00 to $154.00 in a research report on Monday, November 4th. Finally, Royal Bank of Canada raised their price target on shares of Entergy from $137.00 to $140.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $150.42.

Insider Buying and Selling

In other Entergy news, insider Eliecer Viamontes sold 5,166 shares of the company’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $120.00, for a total value of $619,920.00. Following the completion of the transaction, the insider now owns 5,117 shares in the company, valued at approximately $614,040. This represents a 50.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Andrew S. Marsh sold 600 shares of Entergy 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 sale, the chief executive officer now directly owns 150,731 shares in the company, valued at approximately $18,092,241.93. This trade represents a 0.40 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 40,472 shares of company stock valued at $5,076,328. Insiders own 0.39% of the company’s stock.

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.