Phillips Wealth Planners LLC Takes $219,000 Position in Entergy Co. (NYSE:ETR)

Phillips Wealth Planners LLC purchased a new stake in shares of Entergy Co. (NYSE:ETR) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,631 shares of the utilities provider’s stock, valued at approximately $219,000.

Several other large investors have also recently bought and sold shares of ETR. Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of Entergy by 12.4% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,926,492 shares of the utilities provider’s stock worth $741,135,000 after purchasing an additional 763,834 shares in the last quarter. Ameriprise Financial Inc. raised its position in Entergy by 47.1% during the second quarter. Ameriprise Financial Inc. now owns 6,479,044 shares of the utilities provider’s stock worth $693,260,000 after acquiring an additional 2,075,776 shares in the last quarter. Capital International Investors lifted its stake in Entergy by 64.2% in the first quarter. Capital International Investors now owns 4,170,045 shares of the utilities provider’s stock valued at $440,690,000 after acquiring an additional 1,630,057 shares during the last quarter. ClearBridge Investments Ltd grew its position in shares of Entergy by 0.6% in the 2nd quarter. ClearBridge Investments Ltd now owns 3,137,110 shares of the utilities provider’s stock valued at $335,671,000 after acquiring an additional 20,025 shares during the period. Finally, Capital Research Global Investors increased its stake in shares of Entergy by 22.5% during the 1st quarter. Capital Research Global Investors now owns 2,753,248 shares of the utilities provider’s stock worth $290,963,000 after purchasing an additional 505,705 shares during the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

Entergy Price Performance

Entergy stock opened at $144.79 on Friday. Entergy Co. has a 52 week low of $94.85 and a 52 week high of $156.85. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.62 and a current ratio of 0.94. The stock has a fifty day moving average of $129.72 and a 200-day moving average of $117.12. The stock has a market capitalization of $30.96 billion, a P/E ratio of 17.64, a price-to-earnings-growth ratio of 2.54 and a beta of 0.74.

Entergy (NYSE:ETR) last posted its quarterly earnings results on Thursday, October 31st. The utilities provider reported $2.99 earnings per share for the quarter, beating analysts’ consensus estimates of $2.91 by $0.08. The company had revenue of $3.39 billion for the quarter, compared to the consensus estimate of $3.46 billion. Entergy had a net margin of 14.75% and a return on equity of 10.10%. During the same period last year, the company posted $3.27 EPS. On average, sell-side analysts expect that Entergy Co. will post 7.21 earnings per share for the current fiscal year.

Entergy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Wednesday, November 13th will be issued a dividend of $1.20 per share. This is a boost from Entergy’s previous quarterly dividend of $1.13. This represents a $4.80 annualized dividend and a dividend yield of 3.32%. The ex-dividend date is Wednesday, November 13th. Entergy’s payout ratio is 58.47%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on ETR shares. Barclays lowered their price target on Entergy from $138.00 to $137.00 and set an “overweight” rating on the stock in a research report on Monday, October 7th. KeyCorp raised their target price on shares of Entergy from $143.00 to $162.00 and gave the stock an “overweight” rating in a research note on Friday. BMO Capital Markets increased their price target on shares of Entergy from $146.00 to $166.00 and gave the company an “outperform” rating in a report on Friday. Bank of America increased their target price on Entergy from $135.00 to $138.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th. Finally, Wells Fargo & Company increased their price objective on Entergy from $137.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $141.96.

Insider Activity

In other Entergy news, insider Eliecer Viamontes sold 5,166 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $120.00, for a total transaction of $619,920.00. Following the sale, the insider now directly owns 5,117 shares of the company’s stock, valued at $614,040. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, insider Eliecer Viamontes sold 5,166 shares of Entergy stock in a transaction on Friday, August 30th. The shares were sold at an average price of $120.00, for a total value of $619,920.00. Following the completion of the sale, the insider now owns 5,117 shares in the company, valued at $614,040. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Andrew S. Marsh sold 3,200 shares of Entergy stock in a transaction on Monday, August 5th. The shares were sold at an average price of $121.46, for a total transaction of $388,672.00. Following the completion of the sale, the chief executive officer now directly owns 150,731 shares of the company’s stock, valued at approximately $18,307,787.26. This trade 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 valued at $6,140,626 over the last quarter. 0.39% of the stock is owned by company insiders.

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.