Entergy Co. (NYSE:ETR) Shares Acquired by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. raised its holdings in Entergy Co. (NYSE:ETR - Free Report) by 7.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 84,528 shares of the utilities provider's stock after purchasing an additional 5,575 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Entergy were worth $11,125,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of ETR. Iron Horse Wealth Management LLC acquired a new position in Entergy during the second quarter worth $25,000. Heritage Wealth Advisors boosted its holdings in Entergy by 2,172.7% during the 1st quarter. Heritage Wealth Advisors now owns 250 shares of the utilities provider's stock valued at $26,000 after acquiring an additional 239 shares during the period. Cetera Trust Company N.A acquired a new position in Entergy in the 3rd quarter valued at about $29,000. Fortitude Family Office LLC increased its stake in Entergy by 423.8% during the third quarter. Fortitude Family Office LLC now owns 220 shares of the utilities provider's stock worth $29,000 after purchasing an additional 178 shares during the period. Finally, American National Bank lifted its position in shares of Entergy by 93.7% during the second quarter. American National Bank now owns 277 shares of the utilities provider's stock worth $30,000 after purchasing an additional 134 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company's stock.

Entergy Stock Performance

Shares of Entergy stock traded down $0.10 during trading on Thursday, reaching $145.96. The company's stock had a trading volume of 1,375,152 shares, compared to its average volume of 1,606,160. The company has a 50-day moving average price of $131.25 and a two-hundred day moving average price of $118.08. Entergy Co. has a fifty-two week low of $94.85 and a fifty-two week high of $156.85. The firm has a market cap of $31.30 billion, a PE ratio of 17.86, a P/E/G ratio of 2.69 and a beta of 0.71. 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 - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The utilities provider reported $2.99 EPS for the quarter, beating 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 analyst estimates of $3.46 billion. During the same period in the previous year, the business posted $3.27 earnings per share. On average, analysts forecast that Entergy Co. will post 7.21 EPS for the current year.

Entergy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Wednesday, November 13th will be paid a $1.20 dividend. This is a boost from Entergy's previous quarterly dividend of $1.13. This represents a $4.80 annualized dividend and a yield of 3.29%. The ex-dividend date of this dividend is Wednesday, November 13th. Entergy's payout ratio is currently 55.05%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Bank of America downgraded shares of Entergy from a "buy" rating to a "neutral" rating and upped their target price for the stock from $138.00 to $154.00 in a research note on Monday. Mizuho upped their price objective on Entergy from $138.00 to $165.00 and gave the stock an "outperform" rating in a research report on Monday. UBS Group lifted their target price on Entergy from $143.00 to $144.00 and gave the company a "buy" rating in a report on Friday, September 20th. 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, November 1st. Finally, Royal Bank of Canada lifted their price objective on Entergy from $137.00 to $140.00 and gave the company an "outperform" rating in a research note on Monday, October 14th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $150.96.

Insider Transactions at Entergy

In other Entergy news, insider Eliecer Viamontes sold 200 shares of Entergy stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $147.00, for a total value of $29,400.00. Following the sale, the insider now owns 4,173 shares of the company's stock, valued at approximately $613,431. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Eliecer Viamontes sold 200 shares of the business's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $147.00, for a total transaction of $29,400.00. Following the sale, the insider now owns 4,173 shares of the company's stock, valued at approximately $613,431. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Andrew S. Marsh sold 600 shares of the company's stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $120.03, for a total transaction of $72,018.00. Following the transaction, the chief executive officer now owns 150,731 shares in the company, valued at $18,092,241.93. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 36,338 shares of company stock worth $4,460,238. Company insiders own 0.54% of the company's stock.

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.