Lmcg Investments LLC Acquires 46,073 Shares of Entergy Co. (NYSE:ETR)

Lmcg Investments LLC lifted its holdings in shares of Entergy Co. (NYSE:ETR) by 38.2% during the 2nd quarter, Holdings Channel.com reports. The firm owned 166,694 shares of the utilities provider’s stock after purchasing an additional 46,073 shares during the period. Entergy comprises 1.0% of Lmcg Investments LLC’s portfolio, making the stock its 21st largest holding. Lmcg Investments LLC’s holdings in Entergy were worth $17,836,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its position in shares of Entergy by 8.4% during the second quarter. Dimensional Fund Advisors LP now owns 851,406 shares of the utilities provider’s stock worth $91,100,000 after purchasing an additional 66,325 shares in the last quarter. Brown Brothers Harriman & Co. lifted its stake in shares of Entergy by 212.3% during the second quarter. Brown Brothers Harriman & Co. now owns 7,142 shares of the utilities provider’s stock valued at $764,000 after acquiring an additional 4,855 shares during the period. Envestnet Asset Management Inc. boosted its holdings in Entergy by 16.1% in the second quarter. Envestnet Asset Management Inc. now owns 967,973 shares of the utilities provider’s stock valued at $103,573,000 after acquiring an additional 134,069 shares during the last quarter. HBK Sorce Advisory LLC increased its position in Entergy by 2.3% in the second quarter. HBK Sorce Advisory LLC now owns 4,075 shares of the utilities provider’s stock worth $436,000 after purchasing an additional 92 shares during the period. Finally, Meeder Advisory Services Inc. grew its position in shares of Entergy by 12.4% during the 2nd quarter. Meeder Advisory Services Inc. now owns 5,068 shares of the utilities provider’s stock worth $542,000 after buying an additional 558 shares during the period. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Andrew S. Marsh sold 19,200 shares of the business’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $120.35, for a total transaction of $2,310,720.00. Following the transaction, the chief executive officer now directly owns 150,731 shares in the company, valued at approximately $18,140,475.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Entergy 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 transaction of $2,310,720.00. Following the transaction, the chief executive officer now owns 150,731 shares of the company’s stock, valued at $18,140,475.85. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Andrew S. Marsh sold 3,200 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $121.46, for a total value of $388,672.00. Following the completion of the sale, the chief executive officer now directly owns 150,731 shares of the company’s stock, valued at $18,307,787.26. The disclosure for this sale can be found here. In the last 90 days, insiders sold 42,888 shares of company stock valued at $5,110,766. 0.39% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ETR. Argus raised shares of Entergy to a “strong-buy” rating in a report on Wednesday, August 28th. Guggenheim lifted their price objective on shares of Entergy from $118.00 to $128.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. LADENBURG THALM/SH SH restated a “neutral” rating and issued a $109.50 price objective (down previously from $117.00) on shares of Entergy in a research report on Wednesday, June 12th. KeyCorp lifted their target price on Entergy from $123.00 to $130.00 and gave the stock an “overweight” rating in a report on Monday. Finally, Morgan Stanley boosted their price objective on Entergy from $100.00 to $109.00 and gave the company an “underweight” rating in a research report on Friday, August 23rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $123.58.

Entergy Trading Up 1.1 %

NYSE:ETR opened at $128.46 on Tuesday. The business has a 50 day moving average price of $116.80 and a two-hundred day moving average price of $110.17. The company has a quick ratio of 0.62, a current ratio of 0.94 and a debt-to-equity ratio of 1.81. The company has a market cap of $27.47 billion, a P/E ratio of 12.88, a price-to-earnings-growth ratio of 2.31 and a beta of 0.73. Entergy Co. has a twelve month low of $87.10 and a twelve month high of $128.92.

Entergy (NYSE:ETR) last issued its quarterly earnings results on Thursday, August 1st. The utilities provider reported $1.92 EPS for the quarter, topping the consensus estimate of $1.76 by $0.16. The firm had revenue of $2.95 billion for the quarter, compared to analysts’ expectations of $2.98 billion. Entergy had a net margin of 14.75% and a return on equity of 10.10%. During the same period in the previous year, the firm posted $1.84 EPS. As a group, analysts expect that Entergy Co. will post 7.22 EPS for the current fiscal year.

Entergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Tuesday, August 13th were paid a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date of this dividend was Tuesday, August 13th. Entergy’s dividend payout ratio is currently 45.34%.

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.