Segall Bryant & Hamill LLC Purchases Shares of 22,800 Entergy Corporation (NYSE:ETR)

Segall Bryant & Hamill LLC acquired a new position in shares of Entergy Corporation (NYSE:ETR) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 22,800 shares of the utilities provider’s stock, valued at approximately $3,001,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. OneDigital Investment Advisors LLC grew its stake in shares of Entergy by 2.1% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 3,427 shares of the utilities provider’s stock worth $451,000 after buying an additional 69 shares in the last quarter. Bank & Trust Co grew its position in Entergy by 12.8% in the third quarter. Bank & Trust Co now owns 795 shares of the utilities provider’s stock worth $105,000 after acquiring an additional 90 shares in the last quarter. Prossimo Advisors LLC increased its stake in Entergy by 1.5% during the third quarter. Prossimo Advisors LLC now owns 5,971 shares of the utilities provider’s stock worth $786,000 after acquiring an additional 90 shares during the last quarter. HBK Sorce Advisory LLC raised its position in Entergy by 2.3% during the second quarter. HBK Sorce Advisory LLC now owns 4,075 shares of the utilities provider’s stock valued at $436,000 after purchasing an additional 92 shares during the period. Finally, Alliance Wealth Advisors LLC lifted its stake in shares of Entergy by 3.7% in the 3rd quarter. Alliance Wealth Advisors LLC now owns 2,591 shares of the utilities provider’s stock valued at $341,000 after purchasing an additional 92 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on ETR. Bank of America lowered shares of Entergy from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $138.00 to $154.00 in a research note on Monday, November 4th. StockNews.com raised shares of Entergy from a “sell” rating to a “hold” rating in a research report on Saturday, November 9th. Scotiabank upped their target price on Entergy from $119.00 to $144.00 and gave the company a “sector perform” rating in a research note on Friday, November 1st. Barclays increased their price target on Entergy from $137.00 to $152.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Finally, JPMorgan Chase & Co. increased their target price on Entergy from $131.00 to $141.00 and gave the stock an “overweight” rating in a research note on Monday, August 12th. Five investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Entergy has a consensus rating of “Moderate Buy” and an average price target of $150.42.

Insiders Place Their Bets

In related news, insider Haley Fisackerly sold 4,134 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $149.03, for a total value of $616,090.02. Following the completion of the sale, the insider now owns 2,016 shares of the company’s stock, valued at approximately $300,444.48. The trade was a 67.22 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Andrew S. Marsh sold 600 shares of the 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 transaction, the chief executive officer now directly owns 150,731 shares in the company, valued at approximately $18,092,241.93. The trade was a 0.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 40,472 shares of company stock worth $5,076,328. 0.39% of the stock is owned by corporate insiders.

Entergy Stock Down 0.3 %

Shares of ETR stock opened at $151.06 on Friday. 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 Corporation has a twelve month low of $96.15 and a twelve month high of $156.85. The stock has a 50 day moving average of $137.74 and a 200 day moving average of $121.50. The stock has a market cap of $32.39 billion, a P/E ratio of 18.40, a P/E/G ratio of 2.50 and a beta of 0.71.

Entergy (NYSE:ETR) last posted its earnings results on Thursday, October 31st. The utilities provider reported $2.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.91 by $0.08. The firm 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 previous year, the business posted $3.27 EPS. As a group, sell-side analysts expect that Entergy Corporation will post 7.21 EPS for the current year.

Entergy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Wednesday, November 13th will be issued a $1.20 dividend. This is a boost from Entergy’s previous quarterly dividend of $1.13. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $4.80 dividend on an annualized basis and a yield of 3.18%. Entergy’s dividend payout ratio is presently 58.47%.

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.