Entergy Co. (NYSE:ETR) Shares Acquired by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC grew its position in Entergy Co. (NYSE:ETR) by 2.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,952 shares of the utilities provider’s stock after buying an additional 336 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Entergy were worth $2,231,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of ETR. Bank & Trust Co raised its stake in Entergy by 12.8% during the 3rd 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 grew its holdings in shares of Entergy by 1.5% in the 3rd quarter. Prossimo Advisors LLC now owns 5,971 shares of the utilities provider’s stock worth $786,000 after acquiring an additional 90 shares during the period. HBK Sorce Advisory LLC grew its holdings in shares of Entergy by 2.3% in the 2nd quarter. HBK Sorce Advisory LLC now owns 4,075 shares of the utilities provider’s stock worth $436,000 after acquiring an additional 92 shares during the period. Alliance Wealth Advisors LLC grew its holdings in shares of Entergy by 3.7% in the 3rd quarter. Alliance Wealth Advisors LLC now owns 2,591 shares of the utilities provider’s stock worth $341,000 after acquiring an additional 92 shares during the period. Finally, Marino Stram & Associates LLC grew its holdings in shares of Entergy by 1.6% in the 3rd quarter. Marino Stram & Associates LLC now owns 5,986 shares of the utilities provider’s stock worth $788,000 after acquiring an additional 95 shares during the period. 88.07% of the stock is owned by institutional investors and hedge funds.

Entergy Stock Down 0.3 %

NYSE:ETR opened at $147.61 on Thursday. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.59 and a current ratio of 0.89. The stock has a 50-day simple moving average of $133.48 and a 200 day simple moving average of $119.33. Entergy Co. has a one year low of $96.15 and a one year high of $156.85. The company has a market capitalization of $31.65 billion, a price-to-earnings ratio of 17.98, a price-to-earnings-growth ratio of 2.49 and a beta of 0.71.

Entergy (NYSE:ETR) last issued its earnings results on Thursday, October 31st. The utilities provider reported $2.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.91 by $0.08. The firm had revenue of $3.39 billion for the quarter, compared to analysts’ expectations of $3.46 billion. Entergy had a net margin of 14.83% and a return on equity of 9.53%. During the same quarter last year, the company posted $3.27 earnings per share. Sell-side analysts predict that Entergy Co. will post 7.21 EPS for the current fiscal year.

Entergy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Wednesday, November 13th will be issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date is Wednesday, November 13th. This is a boost from Entergy’s previous quarterly dividend of $1.13. Entergy’s payout ratio is 58.47%.

Insider Activity

In related news, COO Peter S. Norgeot, Jr. sold 3,250 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $122.56, for a total transaction of $398,320.00. Following the transaction, the chief operating officer now owns 34,993 shares in the company, valued at $4,288,742.08. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Entergy news, COO Peter S. Norgeot, Jr. sold 3,250 shares of the company’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $122.56, for a total value of $398,320.00. Following the transaction, the chief operating officer now owns 34,993 shares of the company’s stock, valued at approximately $4,288,742.08. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Andrew S. Marsh sold 19,200 shares of the company’s 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 transaction, the chief executive officer now directly owns 150,731 shares in the company, valued at $18,140,475.85. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 40,472 shares of company stock valued at $5,076,328. Insiders own 0.39% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on ETR. Guggenheim upped their target price on Entergy from $145.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Argus raised Entergy to a “strong-buy” rating in a research report on Wednesday, August 28th. UBS Group increased their target price on Entergy from $143.00 to $144.00 and gave the stock a “buy” rating in a research report on Friday, September 20th. Scotiabank increased their price target on Entergy from $119.00 to $144.00 and gave the company a “sector perform” rating in a report on Friday, November 1st. Finally, Wells Fargo & Company increased their price target on Entergy from $137.00 to $170.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Five investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Entergy presently has an average rating of “Moderate Buy” and an average price target of $150.96.

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.