B.O.S.S. Retirement Advisors LLC Acquires 405 Shares of Entergy Co. (NYSE:ETR)

B.O.S.S. Retirement Advisors LLC boosted its holdings in Entergy Co. (NYSE:ETR) by 2.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,365 shares of the utilities provider’s stock after acquiring an additional 405 shares during the quarter. B.O.S.S. Retirement Advisors LLC’s holdings in Entergy were worth $1,891,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System grew its stake in Entergy by 6.3% during the first quarter. State Board of Administration of Florida Retirement System now owns 234,595 shares of the utilities provider’s stock worth $25,275,000 after buying an additional 13,882 shares during the last quarter. Acadian Asset Management LLC grew its stake in Entergy by 55.4% during the first quarter. Acadian Asset Management LLC now owns 14,877 shares of the utilities provider’s stock worth $1,571,000 after buying an additional 5,303 shares during the last quarter. Viking Fund Management LLC grew its stake in Entergy by 6.3% during the first quarter. Viking Fund Management LLC now owns 125,600 shares of the utilities provider’s stock worth $13,273,000 after buying an additional 7,400 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in Entergy during the first quarter worth about $1,245,000. Finally, Cetera Advisors LLC grew its stake in Entergy by 145.2% during the first quarter. Cetera Advisors LLC now owns 24,136 shares of the utilities provider’s stock worth $2,551,000 after buying an additional 14,293 shares during the last quarter. 88.07% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Entergy news, COO Peter S. Norgeot, Jr. sold 7,922 shares of the stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $130.00, for a total value of $1,029,860.00. Following the sale, the chief operating officer now directly owns 34,993 shares in the company, valued at approximately $4,549,090. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CEO Andrew S. Marsh sold 3,200 shares of the firm’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $121.46, for a total transaction of $388,672.00. Following the sale, the chief executive officer now directly owns 150,731 shares in the company, valued at $18,307,787.26. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Peter S. Norgeot, Jr. sold 7,922 shares of the firm’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $130.00, for a total transaction of $1,029,860.00. Following the sale, the chief operating officer now owns 34,993 shares in the company, valued at approximately $4,549,090. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 50,810 shares of company stock worth $6,140,626. Company insiders own 0.39% of the company’s stock.

Entergy Trading Up 0.7 %

Shares of NYSE ETR opened at $134.32 on Thursday. The company’s 50 day simple moving average is $124.96 and its 200 day simple moving average is $114.40. Entergy Co. has a fifty-two week low of $90.78 and a fifty-two week high of $134.63. The firm has a market capitalization of $28.68 billion, a P/E ratio of 13.47, a P/E/G ratio of 2.46 and a beta of 0.74. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.94 and a quick ratio of 0.62.

Entergy (NYSE:ETR) last posted its earnings results on Thursday, August 1st. The utilities provider reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.16. The company had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.98 billion. Entergy had a net margin of 14.75% and a return on equity of 10.10%. During the same period last year, the business posted $1.84 earnings per share. On average, analysts predict that Entergy Co. will post 7.22 EPS for the current year.

Entergy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 13th were issued a $1.13 dividend. The ex-dividend date was Tuesday, August 13th. This represents a $4.52 annualized dividend and a yield of 3.37%. Entergy’s dividend payout ratio (DPR) is presently 45.34%.

Analysts Set New Price Targets

Several brokerages have weighed in on ETR. Wells Fargo & Company upped their price objective on shares of Entergy from $125.00 to $137.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. KeyCorp increased their price target on shares of Entergy from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Monday, September 30th. BMO Capital Markets increased their price target on shares of Entergy from $131.00 to $140.00 and gave the company an “outperform” rating in a research note on Tuesday. Bank of America increased their price target on shares of Entergy from $135.00 to $138.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. Finally, Argus raised shares of Entergy to a “strong-buy” rating in a research note on Wednesday, August 28th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $130.96.

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.