Advisor OS LLC Trims Stock Position in Entergy Co. (NYSE:ETR)

Advisor OS LLC cut its holdings in shares of Entergy Co. (NYSE:ETR) by 7.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,687 shares of the utilities provider’s stock after selling 218 shares during the period. Advisor OS LLC’s holdings in Entergy were worth $288,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Fisher Asset Management LLC lifted its holdings in shares of Entergy by 32.9% in the 4th quarter. Fisher Asset Management LLC now owns 2,978 shares of the utilities provider’s stock valued at $301,000 after buying an additional 737 shares during the period. Apollon Wealth Management LLC purchased a new position in Entergy during the fourth quarter valued at approximately $214,000. Principal Securities Inc. acquired a new position in Entergy in the fourth quarter valued at approximately $137,000. BNP Paribas Financial Markets boosted its position in Entergy by 197.5% in the 4th quarter. BNP Paribas Financial Markets now owns 159,722 shares of the utilities provider’s stock worth $16,162,000 after purchasing an additional 106,039 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC grew its stake in shares of Entergy by 2.3% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 5,550 shares of the utilities provider’s stock worth $562,000 after purchasing an additional 126 shares during the period. 88.07% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Entergy

In other Entergy news, COO Peter S. Norgeot, Jr. sold 11,472 shares of the business’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $115.16, for a total transaction of $1,321,115.52. Following the transaction, the chief operating officer now owns 37,888 shares of the company’s stock, valued at $4,363,182.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Andrew S. Marsh sold 3,200 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $121.46, for a total transaction of $388,672.00. Following the completion of the sale, the chief executive officer now owns 150,731 shares in the company, valued at approximately $18,307,787.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Peter S. Norgeot, Jr. sold 11,472 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief operating officer now owns 37,888 shares in the company, valued at $4,363,182.08. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 39,638 shares of company stock valued at $4,712,446. 0.39% of the stock is currently owned by insiders.

Entergy Stock Down 0.3 %

NYSE ETR opened at $121.90 on Monday. Entergy Co. has a one year low of $87.10 and a one year high of $123.73. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.62 and a current ratio of 0.94. The business has a fifty day moving average price of $114.55 and a 200 day moving average price of $109.20. The company has a market cap of $26.03 billion, a P/E ratio of 12.23, a P/E/G ratio of 2.28 and a beta of 0.73.

Entergy (NYSE:ETR) last posted its quarterly earnings results on Thursday, August 1st. The utilities provider reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.16. Entergy had a net margin of 14.75% and a return on equity of 10.10%. The firm had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $2.98 billion. During the same period last year, the firm posted $1.84 earnings per share. Research analysts anticipate that Entergy Co. will post 7.2 EPS for the current fiscal year.

Entergy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Tuesday, August 13th were given a $1.13 dividend. The ex-dividend date was Tuesday, August 13th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.71%. Entergy’s dividend payout ratio (DPR) is presently 45.34%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Morgan Stanley boosted their target price on shares of Entergy from $100.00 to $109.00 and gave the company an “underweight” rating in a research note on Friday, August 23rd. KeyCorp increased their target price on shares of Entergy from $112.00 to $123.00 and gave the stock an “overweight” rating in a research note on Monday, May 20th. Bank of America lifted their price target on Entergy from $135.00 to $138.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. BMO Capital Markets increased their price target on Entergy from $124.00 to $131.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Finally, Wells Fargo & Company boosted their price objective on Entergy from $125.00 to $137.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $123.04.

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.