CWA Asset Management Group LLC Makes New $2.03 Million Investment in Entergy Co. (NYSE:ETR)

CWA Asset Management Group LLC bought a new position in shares of Entergy Co. (NYSE:ETR) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 15,422 shares of the utilities provider’s stock, valued at approximately $2,030,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in ETR. Iron Horse Wealth Management LLC bought a new stake in Entergy during the 2nd quarter worth about $25,000. Heritage Wealth Advisors lifted its holdings in 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 buying an additional 239 shares during the period. Cetera Trust Company N.A bought a new position in Entergy in the third quarter valued at approximately $29,000. Fortitude Family Office LLC grew its holdings in Entergy by 423.8% during the 3rd quarter. Fortitude Family Office LLC now owns 220 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 178 shares during the period. Finally, American National Bank raised its position in shares of Entergy by 93.7% during the 2nd quarter. American National Bank now owns 277 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 134 shares during the last quarter. Institutional investors own 88.07% of the company’s stock.

Insider Buying and Selling at Entergy

In other news, insider Eliecer Viamontes sold 200 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $147.00, for a total transaction of $29,400.00. Following the sale, the insider now owns 4,173 shares in the company, valued at $613,431. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, insider Eliecer Viamontes sold 200 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $147.00, for a total value of $29,400.00. Following the sale, the insider now directly owns 4,173 shares of the company’s stock, valued at approximately $613,431. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Peter S. Norgeot, Jr. sold 3,250 shares of the firm’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $122.56, for a total transaction of $398,320.00. Following the completion of the sale, the chief operating officer now owns 34,993 shares of the company’s stock, valued at $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 sold a total of 36,338 shares of company stock worth $4,460,238 over the last ninety days. 0.39% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

ETR has been the subject of a number of analyst reports. Scotiabank lifted their price objective on Entergy from $119.00 to $144.00 and gave the stock a “sector perform” rating in a research note on Friday, November 1st. Mizuho upped their price target on Entergy from $138.00 to $165.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. Barclays lifted their price objective on shares of Entergy from $137.00 to $152.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Argus raised shares of Entergy to a “strong-buy” rating in a research note on Wednesday, August 28th. Finally, KeyCorp lifted 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. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $150.96.

Entergy Trading Up 2.1 %

NYSE:ETR opened at $148.98 on Friday. The company has a market cap of $31.94 billion, a P/E ratio of 18.15, a price-to-earnings-growth ratio of 2.44 and a beta of 0.71. Entergy Co. has a twelve month low of $94.85 and a twelve month high of $156.85. The business has a 50 day moving average price of $132.34 and a two-hundred day moving average price of $118.56. The company has a quick ratio of 0.59, a current ratio of 0.89 and a debt-to-equity ratio of 1.77.

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

Entergy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Wednesday, November 13th will be issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 3.22%. The ex-dividend date is Wednesday, November 13th. This is a positive change from Entergy’s previous quarterly dividend of $1.13. Entergy’s dividend payout ratio is presently 58.47%.

Entergy Company 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.