Entergy Co. (NYSE:ETR) Stake Increased by CarsonAllaria Wealth Management Ltd.

CarsonAllaria Wealth Management Ltd. raised its stake in shares of Entergy Co. (NYSE:ETR) by 5.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,858 shares of the utilities provider’s stock after acquiring an additional 95 shares during the quarter. CarsonAllaria Wealth Management Ltd.’s holdings in Entergy were worth $245,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Bank & Trust Co increased its holdings in Entergy by 12.8% in the third quarter. Bank & Trust Co now owns 795 shares of the utilities provider’s stock valued at $105,000 after buying an additional 90 shares during the last quarter. HBK Sorce Advisory LLC raised its holdings in shares of Entergy by 2.3% during the second quarter. HBK Sorce Advisory LLC now owns 4,075 shares of the utilities provider’s stock worth $436,000 after purchasing an additional 92 shares during the period. Alliance Wealth Advisors LLC raised its stake in Entergy by 3.7% during the third 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. Marino Stram & Associates LLC increased its position in Entergy by 1.6% in the third quarter. Marino Stram & Associates LLC now owns 5,986 shares of the utilities provider’s stock worth $788,000 after buying an additional 95 shares during the period. Finally, Quent Capital LLC grew its stake in shares of Entergy by 21.7% in the first quarter. Quent Capital LLC now owns 550 shares of the utilities provider’s stock worth $58,000 after purchasing an additional 98 shares in the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

Entergy Stock Performance

Shares of NYSE:ETR traded down $0.32 during trading on Monday, hitting $134.96. 297,395 shares of the stock were exchanged, compared to its average volume of 1,553,818. Entergy Co. has a 1-year low of $90.78 and a 1-year high of $136.02. The company has a market capitalization of $28.82 billion, a price-to-earnings ratio of 13.57, a price-to-earnings-growth ratio of 2.46 and a beta of 0.74. The company’s fifty day simple moving average is $125.66 and its 200-day simple moving average is $114.89. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.62 and a current ratio of 0.94.

Entergy (NYSE:ETR) last announced its quarterly earnings data 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. The company had revenue of $2.95 billion for 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 last year, the firm earned $1.84 EPS. Sell-side analysts expect that Entergy Co. will post 7.22 EPS for the current fiscal year.

Entergy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Tuesday, August 13th were given a dividend of $1.13 per share. The ex-dividend date was Tuesday, August 13th. This represents a $4.52 annualized dividend and a dividend yield of 3.35%. Entergy’s dividend payout ratio (DPR) is presently 45.34%.

Analyst Ratings Changes

ETR has been the subject of several research reports. Guggenheim raised their target price on Entergy from $118.00 to $128.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Argus raised Entergy to a “strong-buy” rating in a research note on Wednesday, August 28th. Wells Fargo & Company increased their price objective on Entergy from $125.00 to $137.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. KeyCorp raised their price target on Entergy from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Monday, September 30th. Finally, UBS Group increased their price objective on Entergy from $143.00 to $144.00 and gave the company a “buy” rating in a report on Friday, September 20th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $130.96.

Insider Buying and Selling

In other Entergy news, COO Peter S. Norgeot, Jr. sold 7,922 shares of the company’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $130.00, for a total transaction of $1,029,860.00. Following the transaction, the chief operating officer now owns 34,993 shares of the company’s stock, valued at approximately $4,549,090. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, COO Peter S. Norgeot, Jr. sold 7,922 shares of the company’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $130.00, for a total value of $1,029,860.00. Following the completion of the transaction, the chief operating officer now directly owns 34,993 shares of the company’s stock, valued at approximately $4,549,090. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Andrew S. Marsh sold 3,200 shares of the stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $121.46, for a total transaction of $388,672.00. Following the transaction, the chief executive officer now owns 150,731 shares of the company’s stock, valued at approximately $18,307,787.26. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 50,810 shares of company stock worth $6,140,626 in the last 90 days. 0.39% of the stock is owned by company insiders.

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.