Entergy Corporation (NYSE:ETR) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its holdings in shares of Entergy Corporation (NYSE:ETR) by 1.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,340,352 shares of the utilities provider’s stock after buying an additional 13,348 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Entergy were worth $176,404,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Quent Capital LLC increased its holdings in Entergy by 21.7% in the 1st quarter. Quent Capital LLC now owns 550 shares of the utilities provider’s stock valued at $58,000 after purchasing an additional 98 shares in the last quarter. Bessemer Group Inc. increased its stake in Entergy by 15.9% during the 1st quarter. Bessemer Group Inc. now owns 3,082 shares of the utilities provider’s stock worth $325,000 after buying an additional 423 shares during the period. Shell Asset Management Co. acquired a new position in Entergy in the 1st quarter worth $378,000. Price T Rowe Associates Inc. MD boosted its position in Entergy by 1.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 327,979 shares of the utilities provider’s stock valued at $34,662,000 after buying an additional 4,397 shares during the last quarter. Finally, SVB Wealth LLC grew its stake in shares of Entergy by 22.4% during the first quarter. SVB Wealth LLC now owns 3,850 shares of the utilities provider’s stock valued at $407,000 after acquiring an additional 704 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Entergy Price Performance

Shares of NYSE ETR opened at $151.06 on Friday. Entergy Corporation has a 1-year low of $96.15 and a 1-year high of $156.85. The firm has a market capitalization of $32.39 billion, a PE ratio of 18.40, a P/E/G ratio of 2.53 and a beta of 0.71. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.89 and a quick ratio of 0.59. The business’s fifty day moving average price is $137.74 and its two-hundred day moving average price is $121.57.

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

Entergy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Wednesday, November 13th will be given a $1.20 dividend. This is a boost from Entergy’s previous quarterly dividend of $1.13. This represents a $4.80 annualized dividend and a yield of 3.18%. The ex-dividend date of this dividend is Wednesday, November 13th. Entergy’s dividend payout ratio (DPR) is currently 58.47%.

Wall Street Analyst Weigh In

Several research analysts recently commented on ETR shares. KeyCorp boosted their price target on Entergy from $143.00 to $162.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Barclays increased their target price on Entergy from $137.00 to $152.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Morgan Stanley upgraded shares of 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 note on Monday, November 4th. Bank of America downgraded shares of Entergy from a “buy” rating to a “neutral” rating and increased their price objective for the company from $138.00 to $154.00 in a research note on Monday, November 4th. Finally, Argus upgraded shares of Entergy to a “strong-buy” rating in a research note on Wednesday, August 28th. Five equities 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. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $150.42.

Insider Buying and Selling at Entergy

In related news, CEO Andrew S. Marsh sold 600 shares of Entergy stock in a transaction dated Wednesday, August 28th. The shares were 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 trade was a 0.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Peter S. Norgeot, Jr. sold 3,250 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $122.56, for a total transaction of $398,320.00. Following the completion of the transaction, the chief operating officer now owns 34,993 shares of the company’s stock, valued at $4,288,742.08. This represents a 8.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 40,472 shares of company stock valued at $5,076,328 in the last quarter. Corporate insiders own 0.39% of the company’s stock.

About Entergy

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.