LVW Advisors LLC Raises Stake in Entergy Co. (NYSE:ETR)

LVW Advisors LLC grew its holdings in shares of Entergy Co. (NYSE:ETR) by 23.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 3,244 shares of the utilities provider’s stock after purchasing an additional 622 shares during the period. LVW Advisors LLC’s holdings in Entergy were worth $427,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Iron Horse Wealth Management LLC purchased a new stake in shares of Entergy in the second quarter worth $25,000. Heritage Wealth Advisors raised 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 worth $26,000 after buying an additional 239 shares during the last quarter. American National Bank lifted its stake in shares of Entergy by 93.7% in the second quarter. American National Bank now owns 277 shares of the utilities provider’s stock worth $30,000 after buying an additional 134 shares in the last quarter. TruNorth Capital Management LLC purchased a new stake in shares of Entergy during the second quarter valued at approximately $32,000. Finally, Rothschild Investment LLC purchased a new position in Entergy in the 2nd quarter worth approximately $34,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Entergy Stock Up 1.2 %

Shares of ETR opened at $130.65 on Friday. The company has a market capitalization of $27.94 billion, a PE ratio of 15.63, a price-to-earnings-growth ratio of 2.46 and a beta of 0.74. The company has a current ratio of 0.94, a quick ratio of 0.62 and a debt-to-equity ratio of 1.81. Entergy Co. has a 12-month low of $90.78 and a 12-month high of $133.38. The business’s 50 day moving average is $123.94 and its 200 day moving average is $113.74.

Entergy (NYSE:ETR) last released its quarterly earnings data on Thursday, August 1st. The utilities provider reported $1.92 EPS for the quarter, beating 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 business had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $2.98 billion. During the same quarter in the prior year, the firm earned $1.84 EPS. Research analysts expect that Entergy Co. will post 7.22 earnings per share for the current fiscal year.

Entergy Dividend Announcement

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 dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date was Tuesday, August 13th. Entergy’s payout ratio is 54.07%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on ETR shares. UBS Group boosted their price target on Entergy from $143.00 to $144.00 and gave the stock a “buy” rating in a research note on Friday, September 20th. Morgan Stanley raised their price target on shares of Entergy from $109.00 to $115.00 and gave the company an “underweight” rating in a report on Wednesday, September 25th. Scotiabank raised their price target on Entergy from $115.00 to $119.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 20th. KeyCorp increased their target price on Entergy from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Monday, September 30th. Finally, BMO Capital Markets boosted their price target on Entergy from $124.00 to $131.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $128.50.

Insider Buying and Selling at Entergy

In other news, insider Eliecer Viamontes sold 5,166 shares of Entergy stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $120.00, for a total value of $619,920.00. Following the completion of the transaction, the insider now owns 5,117 shares in the company, valued at approximately $614,040. The trade was 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. In other news, COO Peter S. Norgeot, Jr. sold 11,472 shares of the stock in a transaction that occurred 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 sale, the chief operating officer now directly owns 37,888 shares in the company, valued at approximately $4,363,182.08. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Eliecer Viamontes sold 5,166 shares of the business’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $120.00, for a total value of $619,920.00. Following the transaction, the insider now owns 5,117 shares of the company’s stock, valued at approximately $614,040. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 50,810 shares of company stock worth $6,140,626 over the last 90 days. 0.39% of the stock is owned by insiders.

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.