6,576 Shares in Entergy Co. (NYSE:ETR) Purchased by Jackson Square Capital LLC

Jackson Square Capital LLC purchased a new stake in shares of Entergy Co. (NYSE:ETR) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 6,576 shares of the utilities provider’s stock, valued at approximately $865,000.

A number of other hedge funds also recently made changes to their positions in ETR. Fortitude Family Office LLC lifted its holdings in Entergy by 423.8% in the 3rd quarter. Fortitude Family Office LLC now owns 220 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 178 shares in the last quarter. Cetera Trust Company N.A purchased a new position in Entergy in the 3rd quarter worth approximately $29,000. Iron Horse Wealth Management LLC purchased a new position in Entergy in the 2nd quarter worth approximately $25,000. Heritage Wealth Advisors raised its holdings in shares of Entergy by 2,172.7% during the 1st quarter. Heritage Wealth Advisors now owns 250 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 239 shares in the last quarter. Finally, American National Bank raised its holdings in shares of 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 acquiring an additional 134 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors.

Entergy Trading Up 0.1 %

Entergy stock opened at $146.06 on Thursday. The company has a quick ratio of 0.59, a current ratio of 0.89 and a debt-to-equity ratio of 1.77. Entergy Co. has a 52 week low of $94.85 and a 52 week high of $156.85. The company has a market capitalization of $31.32 billion, a price-to-earnings ratio of 17.79, a price-to-earnings-growth ratio of 2.69 and a beta of 0.71. The stock has a 50-day moving average price of $131.25 and a 200 day moving average price of $118.08.

Entergy (NYSE:ETR) last announced its quarterly earnings results on Thursday, October 31st. The utilities provider reported $2.99 earnings per share for the quarter, beating the consensus estimate of $2.91 by $0.08. The company had revenue of $3.39 billion during the quarter, compared to analysts’ expectations of $3.46 billion. Entergy had a return on equity of 9.53% and a net margin of 14.83%. During the same period last year, the business earned $3.27 earnings per share. Sell-side analysts anticipate that Entergy Co. will post 7.21 EPS for the current year.

Entergy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Wednesday, November 13th will be given a $1.20 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This is a boost from Entergy’s previous quarterly dividend of $1.13. This represents a $4.80 dividend on an annualized basis and a dividend yield of 3.29%. Entergy’s payout ratio is 55.05%.

Insider Activity

In other news, CEO Andrew S. Marsh sold 19,200 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $120.35, for a total value of $2,310,720.00. Following the completion of the sale, the chief executive officer now directly owns 150,731 shares in the company, valued at $18,140,475.85. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, COO Peter S. Norgeot, Jr. sold 7,922 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $130.00, for a total value of $1,029,860.00. Following the completion of the sale, the chief operating officer now directly owns 34,993 shares in the company, valued at $4,549,090. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Andrew S. Marsh sold 19,200 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $120.35, for a total value of $2,310,720.00. Following the completion of the sale, the chief executive officer now owns 150,731 shares of the company’s stock, valued at $18,140,475.85. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 36,138 shares of company stock worth $4,430,838 over the last three months. 0.54% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on ETR shares. StockNews.com cut Entergy from a “hold” rating to a “sell” rating in a report on Friday, November 1st. Guggenheim upped their price objective on Entergy from $145.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Scotiabank upped their price objective on Entergy from $119.00 to $144.00 and gave the stock a “sector perform” rating in a report on Friday, November 1st. Wells Fargo & Company upped their price objective on Entergy from $137.00 to $170.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Finally, BMO Capital Markets upped their price objective on Entergy from $146.00 to $166.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. One research analyst has rated the stock with a sell rating, four have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $150.96.

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.