Entergy Co. (NYSE:ETR) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. cut its holdings in Entergy Co. (NYSE:ETR) by 13.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 560,612 shares of the utilities provider’s stock after selling 88,733 shares during the period. Victory Capital Management Inc. owned 0.26% of Entergy worth $73,782,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of ETR. Iron Horse Wealth Management LLC acquired a new position in Entergy in the 2nd quarter valued at $25,000. Cetera Trust Company N.A acquired a new position in Entergy in the 3rd quarter valued at $29,000. Fortitude Family Office LLC raised 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 valued at $29,000 after acquiring an additional 178 shares during the last quarter. American National Bank raised its holdings in Entergy by 93.7% in the 2nd quarter. American National Bank now owns 277 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 134 shares during the last quarter. Finally, TruNorth Capital Management LLC acquired a new position in Entergy in the 2nd quarter valued at $32,000. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Entergy Stock Down 0.3 %

Shares of NYSE ETR opened at $147.61 on Thursday. Entergy Co. has a 12-month low of $96.15 and a 12-month high of $156.85. The company has a market cap of $31.65 billion, a P/E ratio of 17.98, a P/E/G ratio of 2.49 and a beta of 0.71. The company has a current ratio of 0.89, a quick ratio of 0.59 and a debt-to-equity ratio of 1.77. The stock has a fifty day moving average price of $133.48 and a 200 day moving average price of $119.33.

Entergy (NYSE:ETR) last posted its quarterly earnings data on Thursday, October 31st. The utilities provider reported $2.99 earnings per share for the quarter, beating analysts’ consensus estimates 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 net margin of 14.83% and a return on equity of 9.53%. During the same period in the prior year, the company posted $3.27 EPS. Research analysts anticipate that Entergy Co. will post 7.21 EPS for the current fiscal year.

Entergy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Wednesday, November 13th will be given a $1.20 dividend. 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 yield of 3.25%. The ex-dividend date of this dividend is Wednesday, November 13th. Entergy’s dividend payout ratio is presently 58.47%.

Insider Buying and Selling at Entergy

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 directly owns 5,117 shares of the company’s stock, valued at $614,040. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Eliecer Viamontes sold 5,166 shares of the stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $120.00, for a total transaction of $619,920.00. Following the transaction, the insider now owns 5,117 shares of the company’s stock, valued at approximately $614,040. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Haley Fisackerly sold 4,134 shares of the stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $149.03, for a total transaction of $616,090.02. Following the transaction, the insider now directly owns 2,016 shares in the company, valued at $300,444.48. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 40,472 shares of company stock valued at $5,076,328 in the last ninety days. Insiders own 0.39% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ETR. Scotiabank boosted their price target on Entergy from $119.00 to $144.00 and gave the company a “sector perform” rating in a report on Friday, November 1st. Morgan Stanley upgraded Entergy from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $116.00 to $150.00 in a report on Monday, November 4th. 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. 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. Finally, 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. Five research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Entergy has an average 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.