Romano Brothers AND Company Boosts Position in Entergy Co. (NYSE:ETR)

Romano Brothers AND Company increased its position in shares of Entergy Co. (NYSE:ETR) by 17.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 13,477 shares of the utilities provider’s stock after acquiring an additional 2,000 shares during the quarter. Romano Brothers AND Company’s holdings in Entergy were worth $1,774,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in Entergy by 12.4% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,926,492 shares of the utilities provider’s stock valued at $741,135,000 after purchasing an additional 763,834 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in Entergy by 47.1% in the second quarter. Ameriprise Financial Inc. now owns 6,479,044 shares of the utilities provider’s stock valued at $693,260,000 after acquiring an additional 2,075,776 shares during the last quarter. Capital International Investors grew its position in Entergy by 64.2% in the first quarter. Capital International Investors now owns 4,170,045 shares of the utilities provider’s stock worth $440,690,000 after acquiring an additional 1,630,057 shares during the period. ClearBridge Investments Ltd increased its stake in Entergy by 0.6% during the second quarter. ClearBridge Investments Ltd now owns 3,137,110 shares of the utilities provider’s stock worth $335,671,000 after acquiring an additional 20,025 shares during the last quarter. Finally, Capital Research Global Investors increased its stake in Entergy by 22.5% during the first quarter. Capital Research Global Investors now owns 2,753,248 shares of the utilities provider’s stock worth $290,963,000 after acquiring an additional 505,705 shares during the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Entergy Trading Up 1.5 %

NYSE:ETR opened at $136.95 on Thursday. Entergy Co. has a 12-month low of $90.78 and a 12-month high of $137.05. The firm has a market cap of $29.24 billion, a PE ratio of 13.74, a price-to-earnings-growth ratio of 2.46 and a beta of 0.74. The company has a current ratio of 0.94, a quick ratio of 0.62 and a debt-to-equity ratio of 1.81. The stock has a fifty day moving average price of $126.75 and a 200 day moving average price of $115.48.

Entergy (NYSE:ETR) last announced its quarterly earnings data on Thursday, August 1st. The utilities provider reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.16. Entergy had a return on equity of 10.10% and a net margin of 14.75%. The business had revenue of $2.95 billion during the quarter, compared to analysts’ expectations of $2.98 billion. During the same quarter last year, the business posted $1.84 EPS. Sell-side analysts anticipate that Entergy Co. will post 7.22 earnings per share for the current fiscal year.

Entergy Dividend Announcement

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 $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date was Tuesday, August 13th. Entergy’s dividend payout ratio is presently 45.34%.

Insider Buying and Selling at Entergy

In other news, CEO Andrew S. Marsh sold 600 shares of Entergy stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $120.03, for a total transaction of $72,018.00. Following the completion of the sale, the chief executive officer now directly owns 150,731 shares of the company’s stock, valued at approximately $18,092,241.93. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Entergy news, COO Peter S. Norgeot, Jr. sold 7,922 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The shares were 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 of the company’s stock, 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 Securities & Exchange Commission, which can be accessed through this link. Also, CEO Andrew S. Marsh sold 600 shares of the company’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $120.03, for a total transaction of $72,018.00. Following the completion of the transaction, the chief executive officer now owns 150,731 shares of the company’s stock, valued at approximately $18,092,241.93. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 50,810 shares of company stock valued at $6,140,626. Insiders own 0.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Wells Fargo & Company upped their price target on Entergy from $125.00 to $137.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Guggenheim upped their target price on shares of Entergy from $118.00 to $128.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. UBS Group lifted their price target on shares of Entergy from $143.00 to $144.00 and gave the company a “buy” rating in a research report on Friday, September 20th. Barclays reduced their price target on shares of Entergy from $138.00 to $137.00 and set an “overweight” rating on the stock in a research note on Monday, October 7th. Finally, BMO Capital Markets increased their price objective on shares of Entergy from $131.00 to $140.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average 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.