BNP PARIBAS ASSET MANAGEMENT Holding S.A. Boosts Stock Position in Entergy Corporation (NYSE:ETR)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in shares of Entergy Corporation (NYSE:ETR) by 7.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,768 shares of the utilities provider’s stock after purchasing an additional 2,287 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Entergy were worth $4,444,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of ETR. Iron Horse Wealth Management LLC purchased a new stake in shares of Entergy during the 2nd quarter valued at about $25,000. Cetera Trust Company N.A purchased a new stake in Entergy during the third quarter valued at approximately $29,000. Fortitude Family Office LLC lifted its stake in shares of Entergy by 423.8% in the 3rd quarter. Fortitude Family Office LLC now owns 220 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 178 shares during the last quarter. American National Bank boosted its holdings in shares of Entergy by 93.7% in 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 purchased a new stake in Entergy during the 3rd quarter valued at $31,000. Institutional investors own 88.07% of the company’s stock.

Insider Buying and Selling at Entergy

In related news, COO Peter S. Norgeot, Jr. sold 3,250 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $122.56, for a total value of $398,320.00. Following the sale, the chief operating officer now owns 34,993 shares in the company, valued at $4,288,742.08. This represents a 8.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Andrew S. Marsh sold 600 shares of the stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $120.03, for a total transaction of $72,018.00. Following the completion of the transaction, the chief executive officer now 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 worth $5,076,328. 0.39% of the stock is currently owned by insiders.

Entergy Price Performance

Shares of NYSE ETR opened at $151.06 on Monday. Entergy Corporation has a fifty-two week low of $96.15 and a fifty-two week high of $156.85. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.59 and a current ratio of 0.89. The company has a market cap of $32.39 billion, a PE ratio of 18.40, a P/E/G ratio of 2.53 and a beta of 0.71. The business has a 50-day simple moving average of $137.74 and a two-hundred day simple moving average of $121.65.

Entergy (NYSE:ETR) last released its earnings results on Thursday, October 31st. The utilities provider reported $2.99 earnings per share for the quarter, topping the consensus estimate of $2.91 by $0.08. The company had revenue of $3.39 billion for the quarter, compared to the consensus estimate of $3.46 billion. Entergy had a net margin of 14.83% and a return on equity of 9.53%. During the same quarter in the previous year, the firm earned $3.27 EPS. As a group, equities analysts expect that Entergy Corporation will post 7.21 EPS for the current fiscal year.

Entergy Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Guggenheim raised their price target on Entergy from $145.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. UBS Group raised their price objective on Entergy from $143.00 to $144.00 and gave the stock a “buy” rating in a report on Friday, September 20th. Mizuho upped their target price on Entergy from $138.00 to $165.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. Barclays raised their price target on Entergy from $137.00 to $152.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Finally, 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 note on Monday, November 18th. 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 company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $150.42.

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.