International Private Wealth Advisors LLC Sells 216 Shares of Entergy Co. (NYSE:ETR)

International Private Wealth Advisors LLC lowered its stake in Entergy Co. (NYSE:ETR) by 6.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,125 shares of the utilities provider’s stock after selling 216 shares during the period. International Private Wealth Advisors LLC’s holdings in Entergy were worth $411,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in ETR. Iron Horse Wealth Management LLC bought a new stake in Entergy in the second quarter valued at $25,000. Cetera Trust Company N.A bought a new stake in Entergy in the third quarter valued at $29,000. Fortitude Family Office LLC boosted its holdings in Entergy by 423.8% in the third quarter. Fortitude Family Office LLC now owns 220 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 178 shares in the last quarter. American National Bank boosted its holdings in Entergy by 93.7% in the second quarter. American National Bank now owns 277 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 134 shares in the last quarter. Finally, TruNorth Capital Management LLC bought a new stake in shares of Entergy during the 2nd quarter valued at $32,000. Institutional investors own 88.07% of the company’s stock.

Insider Activity at Entergy

In related news, CEO Andrew S. Marsh sold 600 shares of the business’s 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 completion of the transaction, the chief executive officer now directly owns 150,731 shares in the company, valued at approximately $18,092,241.93. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Entergy news, COO Peter S. Norgeot, Jr. sold 3,250 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $122.56, for a total value of $398,320.00. Following the completion of the transaction, the chief operating officer now directly owns 34,993 shares in the company, valued at $4,288,742.08. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Andrew S. Marsh sold 600 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $120.03, for a total value of $72,018.00. Following the completion of the transaction, the chief executive officer now owns 150,731 shares of the company’s stock, valued at $18,092,241.93. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 40,472 shares of company stock worth $5,076,328. 0.39% of the stock is owned by company insiders.

Entergy Stock Performance

Shares of Entergy stock traded up $0.45 during trading hours on Thursday, reaching $148.06. 171,227 shares of the stock traded hands, compared to its average volume of 1,604,808. The company has a 50 day moving average price of $133.98 and a 200 day moving average price of $119.52. The firm has a market capitalization of $31.75 billion, a price-to-earnings ratio of 17.98, a P/E/G ratio of 2.49 and a beta of 0.71. Entergy Co. has a one year low of $96.15 and a one year high of $156.85. The company has a quick ratio of 0.59, a current ratio of 0.89 and a debt-to-equity ratio of 1.77.

Entergy (NYSE:ETR) last released its quarterly earnings results on Thursday, October 31st. The utilities provider reported $2.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.91 by $0.08. The business had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $3.46 billion. Entergy had a return on equity of 9.53% and a net margin of 14.83%. During the same period in the previous year, the company posted $3.27 EPS. On average, equities research analysts expect that Entergy Co. will post 7.21 earnings per share for the current fiscal year.

Entergy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Wednesday, November 13th will be paid a dividend of $1.20 per share. The ex-dividend date is Wednesday, November 13th. This is an increase from Entergy’s previous quarterly dividend of $1.13. This represents a $4.80 dividend on an annualized basis and a dividend yield of 3.24%. Entergy’s payout ratio is 58.47%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on ETR shares. Royal Bank of Canada boosted their target price on shares of Entergy from $137.00 to $140.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Bank of America lowered Entergy from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $138.00 to $154.00 in a research report on Monday, November 4th. Morgan Stanley raised Entergy from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $116.00 to $150.00 in a research report on Monday, November 4th. Barclays lifted their price target on Entergy from $137.00 to $152.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Finally, Scotiabank boosted their target price on Entergy from $119.00 to $144.00 and gave the stock a “sector perform” rating in a research report on Friday, November 1st. Five research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Entergy has a consensus rating of “Moderate Buy” and a consensus target price of $150.96.

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.