Entergy Co. (NYSE:ETR) Stock Position Increased by Raymond James & Associates

Raymond James & Associates grew its position in Entergy Co. (NYSE:ETR) by 3.2% in the 1st quarter, Holdings Channel.com reports. The firm owned 602,504 shares of the utilities provider’s stock after buying an additional 18,400 shares during the period. Raymond James & Associates’ holdings in Entergy were worth $63,673,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Commonwealth Equity Services LLC grew its position in Entergy by 1.2% in the 3rd quarter. Commonwealth Equity Services LLC now owns 38,239 shares of the utilities provider’s stock valued at $3,537,000 after buying an additional 467 shares in the last quarter. CWM LLC increased its stake in shares of Entergy by 15.6% during the fourth quarter. CWM LLC now owns 14,747 shares of the utilities provider’s stock valued at $1,492,000 after acquiring an additional 1,989 shares during the period. Ferguson Wellman Capital Management Inc. raised its holdings in Entergy by 1.7% during the fourth quarter. Ferguson Wellman Capital Management Inc. now owns 595,644 shares of the utilities provider’s stock worth $60,273,000 after purchasing an additional 9,696 shares in the last quarter. Financial Counselors Inc. lifted its position in Entergy by 28.9% in the fourth quarter. Financial Counselors Inc. now owns 159,395 shares of the utilities provider’s stock worth $16,129,000 after purchasing an additional 35,718 shares during the period. Finally, Los Angeles Capital Management LLC increased its position in shares of Entergy by 464.4% during the 3rd quarter. Los Angeles Capital Management LLC now owns 12,044 shares of the utilities provider’s stock valued at $1,114,000 after purchasing an additional 9,910 shares during the period. Institutional investors and hedge funds own 88.07% of the company’s stock.

Insider Buying and Selling at Entergy

In related news, EVP Kimberly Cook-Nelson sold 2,000 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $100.35, for a total value of $200,700.00. Following the transaction, the executive vice president now owns 16,037 shares in the company, valued at $1,609,312.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, EVP Marcus V. Brown sold 8,500 shares of the company’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $102.84, for a total transaction of $874,140.00. Following the completion of the sale, the executive vice president now owns 9,911 shares in the company, valued at approximately $1,019,247.24. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Kimberly Cook-Nelson sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $100.35, for a total value of $200,700.00. Following the completion of the sale, the executive vice president now owns 16,037 shares of the company’s stock, valued at $1,609,312.95. The disclosure for this sale can be found here. Insiders have sold 12,000 shares of company stock worth $1,226,685 over the last 90 days. 0.39% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on ETR shares. BMO Capital Markets raised their target price on Entergy from $110.00 to $113.00 and gave the company an “outperform” rating in a research note on Monday, February 26th. KeyCorp raised their price objective on shares of Entergy from $108.00 to $112.00 and gave the company an “overweight” rating in a research report on Friday, April 19th. Royal Bank of Canada reiterated an “outperform” rating and issued a $117.00 target price on shares of Entergy in a report on Monday, February 26th. Scotiabank decreased their price target on shares of Entergy from $111.00 to $104.00 and set a “sector perform” rating on the stock in a research report on Monday, April 22nd. Finally, Barclays cut their price objective on Entergy from $108.00 to $107.00 and set an “equal weight” rating for the company in a research report on Monday, April 15th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, Entergy currently has a consensus rating of “Moderate Buy” and an average target price of $109.45.

Entergy Stock Up 0.9 %

Entergy stock traded up $0.92 during mid-day trading on Friday, hitting $108.08. The company’s stock had a trading volume of 1,720,555 shares, compared to its average volume of 1,683,860. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.69 and a quick ratio of 0.45. Entergy Co. has a 52-week low of $87.10 and a 52-week high of $108.45. The firm’s 50 day moving average is $104.02 and its 200 day moving average is $101.12. The company has a market cap of $23.05 billion, a PE ratio of 10.84, a price-to-earnings-growth ratio of 1.99 and a beta of 0.69.

Entergy (NYSE:ETR) last posted its quarterly earnings results on Wednesday, April 24th. The utilities provider reported $1.08 EPS for the quarter, missing the consensus estimate of $1.44 by ($0.36). Entergy had a return on equity of 10.20% and a net margin of 17.75%. The company had revenue of $31.17 billion for the quarter, compared to analyst estimates of $3.16 billion. During the same quarter in the prior year, the business posted $1.14 earnings per share. The business’s revenue for the quarter was down .5% compared to the same quarter last year. On average, analysts anticipate that Entergy Co. will post 7.22 earnings per share for the current year.

Entergy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Thursday, May 2nd will be given a dividend of $1.13 per share. The ex-dividend date is Wednesday, May 1st. This represents a $4.52 dividend on an annualized basis and a yield of 4.18%. Entergy’s payout ratio is 45.34%.

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.