Entergy Co. (NYSE:ETR) Shares Purchased by Marino Stram & Associates LLC

Marino Stram & Associates LLC boosted its holdings in shares of Entergy Co. (NYSE:ETR) by 1.6% during the third quarter, HoldingsChannel.com reports. The firm owned 5,986 shares of the utilities provider’s stock after purchasing an additional 95 shares during the period. Marino Stram & Associates LLC’s holdings in Entergy were worth $788,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Ameriprise Financial Inc. lifted its position in shares of Entergy by 47.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 6,479,044 shares of the utilities provider’s stock valued at $693,260,000 after buying an additional 2,075,776 shares in the last quarter. Capital International Investors lifted its stake in Entergy by 64.2% in the 1st quarter. Capital International Investors now owns 4,170,045 shares of the utilities provider’s stock valued at $440,690,000 after buying an additional 1,630,057 shares in the last quarter. Millennium Management LLC boosted its holdings in Entergy by 185.5% in the 2nd quarter. Millennium Management LLC now owns 1,876,672 shares of the utilities provider’s stock worth $200,804,000 after buying an additional 1,219,419 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in shares of Entergy by 12.4% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,926,492 shares of the utilities provider’s stock valued at $741,135,000 after acquiring an additional 763,834 shares during the last quarter. Finally, Panagora Asset Management Inc. raised its holdings in shares of Entergy by 89.2% during the second quarter. Panagora Asset Management Inc. now owns 1,073,603 shares of the utilities provider’s stock valued at $114,876,000 after acquiring an additional 506,239 shares during the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

Entergy Trading Down 0.2 %

Shares of Entergy stock traded down $0.27 during trading hours on Monday, hitting $135.01. The company’s stock had a trading volume of 278,784 shares, compared to its average volume of 1,553,727. The stock has a market cap of $28.83 billion, a price-to-earnings ratio of 13.57, 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 quick ratio of 0.62 and a current ratio of 0.94. Entergy Co. has a twelve month low of $90.78 and a twelve month high of $136.02. The firm has a fifty day moving average of $125.66 and a 200-day moving average of $114.89.

Entergy (NYSE:ETR) last announced 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 during 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 quarter last year, the firm posted $1.84 earnings per share. Research analysts forecast 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 given a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date of this dividend was Tuesday, August 13th. Entergy’s payout ratio is 45.34%.

Analyst Ratings Changes

Several brokerages recently commented on ETR. Guggenheim boosted their price target on Entergy from $118.00 to $128.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. JPMorgan Chase & Co. increased their target price on shares of Entergy from $131.00 to $141.00 and gave the company an “overweight” rating in a research report on Monday, August 12th. Argus upgraded shares of Entergy to a “strong-buy” rating in a research report on Wednesday, August 28th. Wells Fargo & Company increased their price objective on shares of Entergy from $125.00 to $137.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Finally, Royal Bank of Canada boosted their target price on Entergy from $137.00 to $140.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $130.96.

Insiders Place Their Bets

In related news, COO Peter S. Norgeot, Jr. sold 7,922 shares of the business’s stock in a transaction 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 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, COO Peter S. Norgeot, Jr. sold 7,922 shares of Entergy stock in a transaction that occurred 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 completion of the transaction, 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Peter S. Norgeot, Jr. sold 3,250 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $122.56, for a total transaction of $398,320.00. Following the sale, the chief operating officer now owns 34,993 shares in the company, valued at approximately $4,288,742.08. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 50,810 shares of company stock worth $6,140,626 over the last ninety days. Corporate insiders own 0.39% of the company’s stock.

About Entergy

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.