Entergy Co. (NYSE:ETR) Stock Holdings Boosted by Cohen Investment Advisors LLC

Cohen Investment Advisors LLC boosted its position in Entergy Co. (NYSE:ETR) by 13.2% during the 2nd quarter, HoldingsChannel reports. The firm owned 4,262 shares of the utilities provider’s stock after buying an additional 496 shares during the quarter. Cohen Investment Advisors LLC’s holdings in Entergy were worth $456,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Raymond James Trust N.A. raised its holdings in shares of Entergy by 11.0% during the second quarter. Raymond James Trust N.A. now owns 22,540 shares of the utilities provider’s stock valued at $2,412,000 after buying an additional 2,227 shares during the last quarter. Ceredex Value Advisors LLC bought a new stake in Entergy during the 2nd quarter valued at $33,686,000. Bank of Stockton boosted its position in Entergy by 20.6% during the 2nd quarter. Bank of Stockton now owns 3,848 shares of the utilities provider’s stock worth $412,000 after acquiring an additional 657 shares during the period. Family Firm Inc. bought a new position in shares of Entergy in the second quarter worth $75,000. Finally, Premier Path Wealth Partners LLC acquired a new position in shares of Entergy during the second quarter valued at $302,000. 88.07% of the stock is owned by institutional investors and hedge funds.

Entergy Stock Up 0.6 %

Shares of Entergy stock traded up $0.70 during midday trading on Monday, reaching $119.50. 2,454,633 shares of the company’s stock traded hands, compared to its average volume of 1,529,620. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.45 and a current ratio of 0.94. Entergy Co. has a 52 week low of $87.10 and a 52 week high of $123.61. The company’s 50 day simple moving average is $111.96 and its 200 day simple moving average is $107.83. The company has a market cap of $25.52 billion, a price-to-earnings ratio of 11.99, a price-to-earnings-growth ratio of 2.29 and a beta of 0.71.

Entergy (NYSE:ETR) last announced its quarterly earnings results on Thursday, August 1st. The utilities provider reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.76 by $0.16. The company had revenue of $2.95 billion during the quarter, compared to analysts’ expectations of $2.98 billion. Entergy had a return on equity of 10.10% and a net margin of 14.75%. During the same quarter in the previous year, the firm earned $1.84 earnings per share. Equities analysts expect that Entergy Co. will post 7.21 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 13th will be issued a dividend of $1.13 per share. The ex-dividend date of this dividend is Tuesday, August 13th. This represents a $4.52 annualized dividend and a yield of 3.78%. Entergy’s dividend payout ratio (DPR) is presently 45.34%.

Insider Transactions at Entergy

In related news, CEO Andrew S. Marsh sold 3,200 shares of the firm’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $121.46, for a total value of $388,672.00. Following the transaction, the chief executive officer now directly owns 150,731 shares in the company, valued at approximately $18,307,787.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, COO Peter S. Norgeot, Jr. sold 11,472 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $115.16, for a total transaction of $1,321,115.52. Following the completion of the transaction, the chief operating officer now owns 37,888 shares of the company’s stock, valued at $4,363,182.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Andrew S. Marsh sold 3,200 shares of Entergy stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $121.46, for a total value of $388,672.00. Following the sale, the chief executive officer now directly owns 150,731 shares in the company, valued at $18,307,787.26. The disclosure for this sale can be found here. 0.39% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently commented on the company. LADENBURG THALM/SH SH reissued a “neutral” rating and issued a $109.50 price objective (down previously from $117.00) on shares of Entergy in a research note on Wednesday, June 12th. Scotiabank lifted their price objective on shares of Entergy from $115.00 to $119.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 20th. Guggenheim increased their target price on shares of Entergy from $118.00 to $128.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Morgan Stanley lifted their price target on shares of Entergy from $100.00 to $109.00 and gave the stock an “underweight” rating in a research report on Friday. Finally, KeyCorp boosted their target price on Entergy from $112.00 to $123.00 and gave the stock an “overweight” rating in a research report on Monday, May 20th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $120.88.

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.