F M Investments LLC Lowers Stock Holdings in Entergy Co. (NYSE:ETR)

F M Investments LLC cut its holdings in shares of Entergy Co. (NYSE:ETR) by 10.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,017 shares of the utilities provider’s stock after selling 1,467 shares during the quarter. F M Investments LLC’s holdings in Entergy were worth $1,717,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Mathes Company Inc. purchased a new position in shares of Entergy during the 3rd quarter worth about $217,000. Phillips Wealth Planners LLC purchased a new position in Entergy during the third quarter worth approximately $219,000. Farther Finance Advisors LLC boosted its holdings in shares of Entergy by 126.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,352 shares of the utilities provider’s stock valued at $310,000 after purchasing an additional 1,314 shares during the last quarter. Affinity Investment Advisors LLC acquired a new stake in shares of Entergy during the 3rd quarter worth $206,000. Finally, Shepherd Financial Partners LLC raised its position in shares of Entergy by 6.9% in the 3rd quarter. Shepherd Financial Partners LLC now owns 7,259 shares of the utilities provider’s stock worth $955,000 after buying an additional 469 shares during the period. 88.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. BMO Capital Markets upped their price target on Entergy from $146.00 to $166.00 and gave the stock an “outperform” rating in a research note on Friday. JPMorgan Chase & Co. raised their target price on shares of Entergy from $131.00 to $141.00 and gave the company an “overweight” rating in a research note on Monday, August 12th. UBS Group increased their price target on Entergy from $143.00 to $144.00 and gave the company a “buy” rating in a report on Friday, September 20th. Morgan Stanley increased their target price on Entergy from $109.00 to $115.00 and gave the company an “underweight” rating in a research note on Wednesday, September 25th. Finally, Guggenheim upped their price target on Entergy from $145.00 to $165.00 and gave the stock a “buy” rating in a 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 company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $141.96.

Insider Buying and Selling

In other Entergy news, CEO Andrew S. Marsh sold 3,200 shares of the firm’s stock in a transaction on 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 approximately $18,307,787.26. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CEO Andrew S. Marsh sold 600 shares of the firm’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 sale, the chief executive officer now directly owns 150,731 shares in the company, valued at $18,092,241.93. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Andrew S. Marsh sold 3,200 shares of the business’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $121.46, for a total value of $388,672.00. Following the transaction, the chief executive officer now owns 150,731 shares of the company’s stock, valued at $18,307,787.26. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 50,810 shares of company stock valued at $6,140,626. Insiders own 0.39% of the company’s stock.

Entergy Price Performance

Shares of NYSE ETR opened at $144.79 on Friday. The business has a 50 day simple moving average of $129.72 and a 200-day simple moving average of $117.23. Entergy Co. has a twelve month low of $94.85 and a twelve month high of $156.85. The company has a market capitalization of $30.96 billion, a price-to-earnings ratio of 17.64, a price-to-earnings-growth ratio of 2.93 and a beta of 0.71. The company has a current ratio of 0.89, a quick ratio of 0.62 and a debt-to-equity ratio of 1.77.

Entergy (NYSE:ETR) last posted its quarterly earnings results on Thursday, October 31st. The utilities provider reported $2.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.91 by $0.08. Entergy had a net margin of 14.83% and a return on equity of 9.53%. The company 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. As a group, equities research analysts expect that Entergy Co. will post 7.21 earnings per share for the current year.

Entergy Increases Dividend

The business also recently announced 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. The ex-dividend date is Wednesday, November 13th. This is a positive change from Entergy’s previous quarterly dividend of $1.13. This represents a $4.80 annualized dividend and a dividend yield of 3.32%. Entergy’s dividend payout ratio is 55.05%.

Entergy Company 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.