Entergy Co. (NYSE:ETR) Position Increased by Barrow Hanley Mewhinney & Strauss LLC

Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in shares of Entergy Co. (NYSE:ETR) by 12.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,926,492 shares of the utilities provider’s stock after purchasing an additional 763,834 shares during the quarter. Entergy accounts for approximately 2.5% of Barrow Hanley Mewhinney & Strauss LLC’s portfolio, making the stock its 4th largest position. Barrow Hanley Mewhinney & Strauss LLC’s holdings in Entergy were worth $741,135,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Capital International Investors increased its holdings in shares of Entergy by 64.2% in the 1st quarter. Capital International Investors now owns 4,170,045 shares of the utilities provider’s stock worth $440,690,000 after buying an additional 1,630,057 shares during the last quarter. Capital Research Global Investors increased its stake in Entergy by 22.5% in the first quarter. Capital Research Global Investors now owns 2,753,248 shares of the utilities provider’s stock valued at $290,963,000 after acquiring an additional 505,705 shares during the last quarter. Boston Partners raised its position in Entergy by 4.2% during the first quarter. Boston Partners now owns 2,259,877 shares of the utilities provider’s stock valued at $238,828,000 after purchasing an additional 91,655 shares in the last quarter. Point72 Asset Management L.P. raised its position in Entergy by 37.5% during the fourth quarter. Point72 Asset Management L.P. now owns 1,643,300 shares of the utilities provider’s stock valued at $166,286,000 after purchasing an additional 448,134 shares in the last quarter. Finally, Lord Abbett & CO. LLC lifted its stake in Entergy by 1.1% during the first quarter. Lord Abbett & CO. LLC now owns 1,411,309 shares of the utilities provider’s stock worth $149,147,000 after purchasing an additional 16,002 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ETR. Argus upgraded Entergy to a “strong-buy” rating in a research report on Wednesday, August 28th. JPMorgan Chase & Co. increased their price target on shares of Entergy from $131.00 to $141.00 and gave the company an “overweight” rating in a research report on Monday, August 12th. Morgan Stanley boosted their price objective on shares of Entergy from $100.00 to $109.00 and gave the stock an “underweight” rating in a report on Friday, August 23rd. Wells Fargo & Company increased their target price 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, Bank of America lifted their target price on shares of Entergy from $135.00 to $138.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $127.35.

Entergy Stock Performance

Shares of NYSE:ETR opened at $129.25 on Friday. 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 company has a market cap of $27.60 billion, a price-to-earnings ratio of 12.96, a price-to-earnings-growth ratio of 2.31 and a beta of 0.73. Entergy Co. has a 12 month low of $87.10 and a 12 month high of $129.70. The company has a 50-day moving average price of $118.52 and a 200-day moving average price of $110.87.

Entergy (NYSE:ETR) last released its quarterly earnings results 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 business had revenue of $2.95 billion during the quarter, compared to analyst estimates of $2.98 billion. Entergy had a return on equity of 10.10% and a net margin of 14.75%. During the same quarter in the prior year, the company posted $1.84 EPS. As a group, equities analysts anticipate that Entergy Co. will post 7.22 EPS for the current year.

Entergy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Tuesday, August 13th were paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date of this dividend was Tuesday, August 13th. Entergy’s payout ratio is 45.34%.

Insider Activity at Entergy

In other news, COO Peter S. Norgeot, Jr. sold 11,472 shares of the firm’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $115.16, for a total value of $1,321,115.52. Following the completion of the sale, the chief operating officer now directly owns 37,888 shares of the company’s stock, valued at approximately $4,363,182.08. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO Andrew S. Marsh sold 600 shares of Entergy stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $120.03, for a total transaction of $72,018.00. Following the sale, the chief executive officer now directly owns 150,731 shares in the company, valued at $18,092,241.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Peter S. Norgeot, Jr. sold 11,472 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $115.16, for a total value of $1,321,115.52. Following the completion of the transaction, the chief operating officer now owns 37,888 shares of the company’s stock, valued at approximately $4,363,182.08. The disclosure for this sale can be found here. Insiders have sold a total of 42,888 shares of company stock worth $5,110,766 over the last quarter. Corporate insiders own 0.39% of the company’s stock.

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.