Advisors Asset Management Inc. Has $5.20 Million Stock Holdings in Entergy Corporation (NYSE:ETR)

Advisors Asset Management Inc. lifted its position in shares of Entergy Corporation (NYSE:ETR) by 8.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 39,512 shares of the utilities provider’s stock after purchasing an additional 3,106 shares during the period. Advisors Asset Management Inc.’s holdings in Entergy were worth $5,200,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of ETR. Acadian Asset Management LLC boosted its holdings in shares of Entergy by 55.4% during the 1st quarter. Acadian Asset Management LLC now owns 14,877 shares of the utilities provider’s stock worth $1,571,000 after buying an additional 5,303 shares during the period. Cetera Advisors LLC boosted its holdings in shares of Entergy by 145.2% during the 1st quarter. Cetera Advisors LLC now owns 24,136 shares of the utilities provider’s stock worth $2,551,000 after buying an additional 14,293 shares during the period. Thrivent Financial for Lutherans boosted its holdings in shares of Entergy by 21.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 986,546 shares of the utilities provider’s stock worth $129,840,000 after buying an additional 174,093 shares during the period. Ausbil Investment Management Ltd boosted its holdings in shares of Entergy by 11.4% during the 3rd quarter. Ausbil Investment Management Ltd now owns 97,218 shares of the utilities provider’s stock worth $12,795,000 after buying an additional 9,986 shares during the period. Finally, Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Entergy by 19.3% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 28,498 shares of the utilities provider’s stock worth $3,049,000 after buying an additional 4,616 shares during the period. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ETR has been the subject of several research analyst reports. Scotiabank lifted their target price on shares of Entergy from $119.00 to $144.00 and gave the stock a “sector perform” rating in a report on Friday, November 1st. Wells Fargo & Company boosted their price objective on shares of Entergy from $137.00 to $170.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Guggenheim boosted their price objective on shares of Entergy from $145.00 to $165.00 and gave the company a “buy” rating in a report on Friday, November 1st. Mizuho boosted their price objective on shares of Entergy from $138.00 to $165.00 and gave the company an “outperform” rating in a report on Monday, November 4th. Finally, Royal Bank of Canada boosted their price objective on shares of Entergy from $137.00 to $140.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $150.42.

Insider Buying and Selling at Entergy

In other news, insider Eliecer Viamontes sold 5,166 shares of the company’s 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 sale, the insider now directly owns 5,117 shares of the company’s stock, valued at approximately $614,040. This represents a 50.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Andrew S. Marsh sold 600 shares of the company’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $120.03, for a total transaction of $72,018.00. Following the completion of the sale, the chief executive officer now directly owns 150,731 shares in the company, valued at approximately $18,092,241.93. This represents a 0.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 40,472 shares of company stock worth $5,076,328. 0.39% of the stock is currently owned by company insiders.

Entergy Price Performance

Shares of NYSE:ETR opened at $151.93 on Friday. The firm has a 50 day moving average of $137.26 and a 200-day moving average of $121.21. The stock has a market capitalization of $32.57 billion, a PE ratio of 18.50, a PEG ratio of 2.50 and a beta of 0.71. Entergy Corporation has a 12 month low of $96.15 and a 12 month high of $156.85. The company has a current ratio of 0.89, a quick ratio of 0.59 and a debt-to-equity ratio of 1.77.

Entergy (NYSE:ETR) last released its quarterly earnings data 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. The business had revenue of $3.39 billion during the quarter, compared to analysts’ expectations of $3.46 billion. Entergy had a net margin of 14.83% and a return on equity of 9.53%. During the same period in the prior year, the company earned $3.27 EPS. On average, equities research analysts predict that Entergy Corporation will post 7.21 EPS for the current fiscal year.

Entergy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Wednesday, November 13th will be given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 3.16%. This is a boost from Entergy’s previous quarterly dividend of $1.13. The ex-dividend date of this dividend is Wednesday, November 13th. Entergy’s dividend payout ratio is currently 58.47%.

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.