Entergy Co. (NYSE:ETR) Stock Holdings Lessened by My Legacy Advisors LLC

My Legacy Advisors LLC lessened its holdings in shares of Entergy Co. (NYSE:ETR) by 13.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,175 shares of the utilities provider’s stock after selling 1,237 shares during the period. My Legacy Advisors LLC’s holdings in Entergy were worth $1,076,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of ETR. Iron Horse Wealth Management LLC bought a new position in shares of Entergy during the second quarter worth about $25,000. Heritage Wealth Advisors increased its stake in shares of Entergy by 2,172.7% in the first quarter. Heritage Wealth Advisors now owns 250 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 239 shares during the period. Cetera Trust Company N.A bought a new stake in shares of Entergy during the third quarter valued at approximately $29,000. American National Bank boosted its position in shares of Entergy by 93.7% during the second quarter. American National Bank now owns 277 shares of the utilities provider’s stock worth $30,000 after buying an additional 134 shares during the period. Finally, TruNorth Capital Management LLC bought a new position in Entergy in the 2nd quarter worth approximately $32,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

Insider Buying and Selling at Entergy

In other news, CEO Andrew S. Marsh sold 3,200 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was 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 owns 150,731 shares of the company’s stock, 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 filing with the SEC, which is available at this link. In other news, CEO Andrew S. Marsh sold 3,200 shares of the 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. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Peter S. Norgeot, Jr. sold 11,472 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $115.16, for a total transaction of $1,321,115.52. Following the transaction, the chief operating officer now directly owns 37,888 shares in the company, valued at $4,363,182.08. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 50,810 shares of company stock valued at $6,140,626 in the last three months. 0.39% of the stock is currently owned by company insiders.

Entergy Trading Down 0.1 %

Shares of NYSE ETR traded down $0.19 during mid-day trading on Tuesday, hitting $134.85. 321,971 shares of the company traded hands, compared to its average volume of 1,551,262. The company has a quick ratio of 0.62, a current ratio of 0.94 and a debt-to-equity ratio of 1.81. Entergy Co. has a 1 year low of $90.78 and a 1 year high of $136.02. The stock has a market capitalization of $28.80 billion, a price-to-earnings ratio of 13.48, a PEG ratio of 2.46 and a beta of 0.74. The business has a 50 day moving average of $126.01 and a two-hundred day moving average of $115.11.

Entergy (NYSE:ETR) last posted its quarterly earnings data on Thursday, August 1st. The utilities provider reported $1.92 EPS for the quarter, beating analysts’ consensus estimates 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 period in the prior year, the firm earned $1.84 earnings per share. On average, sell-side analysts anticipate that Entergy Co. will post 7.22 earnings per share for the current fiscal year.

Entergy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 13th were given a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 3.35%. The ex-dividend date of this dividend was Tuesday, August 13th. Entergy’s payout ratio is 45.34%.

Analysts Set New Price Targets

ETR has been the subject of a number of analyst reports. Scotiabank boosted their price target on Entergy from $115.00 to $119.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 20th. Royal Bank of Canada increased their target price on shares of Entergy from $137.00 to $140.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Barclays dropped their price target on shares of Entergy from $138.00 to $137.00 and set an “overweight” rating on the stock in a research report on Monday, October 7th. 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, JPMorgan Chase & Co. boosted their target price on Entergy from $131.00 to $141.00 and gave the stock an “overweight” rating in a report on Monday, August 12th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Entergy has a consensus rating of “Moderate Buy” and a consensus price target of $131.19.

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.