Commonwealth Equity Services LLC raised its holdings in Entergy Co. (NYSE:ETR – Get Rating) by 3.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 39,967 shares of the utilities provider’s stock after buying an additional 1,285 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Entergy were worth $4,021,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in the stock. Wetherby Asset Management Inc. boosted its stake in shares of Entergy by 2.7% during the 1st quarter. Wetherby Asset Management Inc. now owns 3,269 shares of the utilities provider’s stock worth $382,000 after acquiring an additional 87 shares in the last quarter. Parkside Financial Bank & Trust lifted its holdings in Entergy by 15.5% in the first quarter. Parkside Financial Bank & Trust now owns 739 shares of the utilities provider’s stock valued at $86,000 after acquiring an additional 99 shares during the last quarter. Intrua Financial LLC boosted its stake in Entergy by 2.5% during the second quarter. Intrua Financial LLC now owns 4,058 shares of the utilities provider’s stock worth $457,000 after buying an additional 100 shares during the period. Stratos Wealth Partners LTD. lifted its stake in Entergy by 2.5% during the third quarter. Stratos Wealth Partners LTD. now owns 4,179 shares of the utilities provider’s stock worth $421,000 after purchasing an additional 100 shares in the last quarter. Finally, Transcend Capital Advisors LLC grew its position in Entergy by 4.2% in the 3rd quarter. Transcend Capital Advisors LLC now owns 2,501 shares of the utilities provider’s stock valued at $252,000 after acquiring an additional 101 shares in the last quarter. 89.98% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at Entergy
In related news, EVP Marcus V. Brown sold 12,500 shares of the business’s stock in a transaction dated Monday, February 27th. The stock was sold at an average price of $106.10, for a total transaction of $1,326,250.00. Following the transaction, the executive vice president now directly owns 9,129 shares in the company, valued at $968,586.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Entergy news, insider Haley Fisackerly sold 3,890 shares of the business’s stock in a transaction on Monday, February 27th. The shares were sold at an average price of $108.42, for a total value of $421,753.80. Following the sale, the insider now owns 1,656 shares of the company’s stock, valued at approximately $179,543.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Marcus V. Brown sold 12,500 shares of the firm’s stock in a transaction dated Monday, February 27th. The stock was sold at an average price of $106.10, for a total transaction of $1,326,250.00. Following the transaction, the executive vice president now directly owns 9,129 shares of the company’s stock, valued at $968,586.90. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 16,792 shares of company stock worth $1,790,650. Company insiders own 0.37% of the company’s stock.
Wall Street Analysts Forecast Growth
Entergy Trading Up 0.6 %
Entergy stock opened at $103.76 on Thursday. The business’s 50-day simple moving average is $107.29 and its 200-day simple moving average is $109.98. Entergy Co. has a 52 week low of $94.94 and a 52 week high of $126.82. The firm has a market capitalization of $21.93 billion, a PE ratio of 19.25, a PEG ratio of 2.57 and a beta of 0.63. The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.43 and a current ratio of 0.64.
Entergy (NYSE:ETR – Get Rating) last posted its quarterly earnings data on Thursday, February 16th. The utilities provider reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.06. Entergy had a return on equity of 10.88% and a net margin of 8.01%. The company had revenue of $3.27 billion during the quarter, compared to analysts’ expectations of $2.65 billion. During the same period in the prior year, the business earned $0.76 earnings per share. Equities research analysts forecast that Entergy Co. will post 6.68 earnings per share for the current year.
Entergy Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 1st. Stockholders of record on Friday, February 10th were given a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.12%. The ex-dividend date was Thursday, February 9th. Entergy’s dividend payout ratio is currently 79.41%.
Entergy Company Profile
Entergy Corp. is a holding company, which engages in electric power generation and distribution. It operates through the following segments: Utility and Entergy Wholesale Commodities. The Utility segment includes the generation, transmission, distribution, and sale of electric power and the operations of a natural gas distribution business.
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