180 Wealth Advisors LLC Buys 982 Shares of Entergy Co. (NYSE:ETR)

180 Wealth Advisors LLC lifted its stake in shares of Entergy Co. (NYSE:ETR) by 46.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,088 shares of the utilities provider’s stock after purchasing an additional 982 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Entergy were worth $326,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Tidemark LLC acquired a new position in Entergy in the 4th quarter worth about $25,000. Fortis Group Advisors LLC bought a new position in Entergy in the 3rd quarter valued at approximately $32,000. OLD Point Trust & Financial Services N A acquired a new stake in Entergy during the 4th quarter worth approximately $35,000. CVA Family Office LLC bought a new stake in Entergy during the 4th quarter worth approximately $41,000. Finally, Atlas Capital Advisors LLC increased its position in Entergy by 182.9% in the 1st quarter. Atlas Capital Advisors LLC now owns 396 shares of the utilities provider’s stock valued at $42,000 after acquiring an additional 256 shares during the period. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Haley Fisackerly sold 1,500 shares of Entergy stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $110.23, for a total transaction of $165,345.00. Following the sale, the insider now directly owns 2,479 shares in the company, valued at approximately $273,260.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Entergy news, CAO Reginald T. Jackson sold 9,229 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $108.71, for a total transaction of $1,003,284.59. Following the sale, the chief accounting officer now directly owns 2,166 shares of the company’s stock, valued at $235,465.86. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Haley Fisackerly sold 1,500 shares of Entergy stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $110.23, for a total transaction of $165,345.00. Following the completion of the transaction, the insider now owns 2,479 shares of the company’s stock, valued at approximately $273,260.17. The disclosure for this sale can be found here. 0.39% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

ETR has been the subject of a number of recent research reports. Barclays increased their price objective on Entergy from $107.00 to $116.00 and gave the company an “equal weight” rating in a report on Wednesday, June 5th. BMO Capital Markets lifted their price objective on Entergy from $118.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, June 6th. Morgan Stanley decreased their target price on shares of Entergy from $103.00 to $98.00 and set an “underweight” rating for the company in a research report on Monday. Wells Fargo & Company boosted their price target on shares of Entergy from $122.00 to $125.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 5th. Finally, LADENBURG THALM/SH SH reiterated a “neutral” rating and set a $109.50 price objective (down from $117.00) on shares of Entergy in a research report on Wednesday, June 12th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $113.73.

Entergy Stock Up 0.1 %

ETR stock traded up $0.11 during mid-day trading on Friday, reaching $106.87. 292,171 shares of the company traded hands, compared to its average volume of 1,520,845. The stock has a market cap of $22.82 billion, a price-to-earnings ratio of 10.70, a P/E/G ratio of 2.01 and a beta of 0.73. Entergy Co. has a fifty-two week low of $87.10 and a fifty-two week high of $114.28. The firm’s 50 day moving average price is $108.83 and its 200 day moving average price is $104.24. The company has a quick ratio of 0.45, a current ratio of 0.69 and a debt-to-equity ratio of 1.68.

Entergy (NYSE:ETR) last announced its quarterly earnings results on Wednesday, April 24th. The utilities provider reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.44 by ($0.36). The company had revenue of $31.17 billion for the quarter, compared to the consensus estimate of $3.16 billion. Entergy had a return on equity of 10.20% and a net margin of 17.75%. The company’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter last year, the company posted $1.14 EPS. As a group, equities research analysts predict that Entergy Co. will post 7.22 EPS for the current fiscal year.

Entergy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Thursday, May 2nd were paid a $1.13 dividend. The ex-dividend date was Wednesday, May 1st. This represents a $4.52 dividend on an annualized basis and a dividend yield of 4.23%. Entergy’s payout ratio is presently 45.34%.

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.