Braun Stacey Associates Inc. Has $25.14 Million Position in Entergy Co. (NYSE:ETR)

Braun Stacey Associates Inc. increased its stake in shares of Entergy Co. (NYSE:ETR) by 11.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 190,991 shares of the utilities provider’s stock after purchasing an additional 18,850 shares during the quarter. Braun Stacey Associates Inc.’s holdings in Entergy were worth $25,136,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the stock. OneDigital Investment Advisors LLC boosted its holdings in shares of Entergy by 2.1% during the third quarter. OneDigital Investment Advisors LLC now owns 3,427 shares of the utilities provider’s stock worth $451,000 after purchasing an additional 69 shares during the period. Bank & Trust Co lifted its stake in Entergy by 12.8% in the third quarter. Bank & Trust Co now owns 795 shares of the utilities provider’s stock valued at $105,000 after acquiring an additional 90 shares during the last quarter. Prossimo Advisors LLC lifted its stake in Entergy by 1.5% in the third quarter. Prossimo Advisors LLC now owns 5,971 shares of the utilities provider’s stock valued at $786,000 after acquiring an additional 90 shares during the last quarter. HBK Sorce Advisory LLC lifted its stake in Entergy by 2.3% in the second quarter. HBK Sorce Advisory LLC now owns 4,075 shares of the utilities provider’s stock valued at $436,000 after acquiring an additional 92 shares during the last quarter. Finally, Alliance Wealth Advisors LLC lifted its stake in Entergy by 3.7% in the third quarter. Alliance Wealth Advisors LLC now owns 2,591 shares of the utilities provider’s stock valued at $341,000 after acquiring an additional 92 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Eliecer Viamontes sold 5,166 shares of the stock in a transaction on Friday, August 30th. The stock was sold at an average price of $120.00, for a total value of $619,920.00. Following the completion of the sale, the insider now directly owns 5,117 shares of the company’s stock, valued at approximately $614,040. This represents a 50.24 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Andrew S. Marsh sold 19,200 shares of the stock in a transaction 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 directly owns 150,731 shares of the company’s stock, valued at $18,140,475.85. The trade was a 11.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 40,472 shares of company stock valued at $5,076,328 over the last quarter. 0.39% of the stock is owned by company insiders.

Entergy Stock Up 1.4 %

ETR stock opened at $149.12 on Monday. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.89 and a quick ratio of 0.59. The stock has a market capitalization of $31.97 billion, a price-to-earnings ratio of 18.16, a PEG ratio of 2.49 and a beta of 0.71. The business’s fifty day moving average price is $135.02 and its two-hundred day moving average price is $120.19. Entergy Co. has a fifty-two week low of $96.15 and a fifty-two week high of $156.85.

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

Entergy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Wednesday, November 13th will be paid a $1.20 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $4.80 annualized dividend and a dividend yield of 3.22%. This is an increase from Entergy’s previous quarterly dividend of $1.13. Entergy’s dividend payout ratio is currently 58.47%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Scotiabank lifted their target price on shares of Entergy from $119.00 to $144.00 and gave the company a “sector perform” rating in a research note on Friday, November 1st. BMO Capital Markets boosted their price target on shares of Entergy from $146.00 to $166.00 and gave the company an “outperform” rating in a report on Friday, November 1st. KeyCorp upped their price target on shares of Entergy from $143.00 to $162.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Morgan Stanley upgraded shares of Entergy from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $116.00 to $150.00 in a research report on Monday, November 4th. Finally, Barclays upped their target price on shares of Entergy from $137.00 to $152.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. 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. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $150.96.

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.