Atria Investments Inc Boosts Stake in Entergy Co. (NYSE:ETR)

Atria Investments Inc grew its holdings in Entergy Co. (NYSE:ETR - Free Report) by 18.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 44,802 shares of the utilities provider's stock after purchasing an additional 6,929 shares during the quarter. Atria Investments Inc's holdings in Entergy were worth $5,896,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Barrow Hanley Mewhinney & Strauss LLC grew its position in Entergy by 12.4% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,926,492 shares of the utilities provider's stock worth $741,135,000 after buying an additional 763,834 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in Entergy by 47.1% in the second quarter. Ameriprise Financial Inc. now owns 6,479,044 shares of the utilities provider's stock valued at $693,260,000 after buying an additional 2,075,776 shares during the period. Capital International Investors grew its holdings in Entergy by 64.2% during the first quarter. Capital International Investors now owns 4,170,045 shares of the utilities provider's stock valued at $440,690,000 after purchasing an additional 1,630,057 shares during the period. ClearBridge Investments Ltd increased 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 buying an additional 20,025 shares in the last quarter. Finally, Capital Research Global Investors raised its position in shares of Entergy by 22.5% during the first 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 period. 88.07% of the stock is owned by institutional investors.

Insider Activity at Entergy

In other Entergy news, COO Peter S. Norgeot, Jr. sold 3,250 shares of Entergy stock in a transaction on Monday, September 9th. The shares were sold at an average price of $122.56, for a total transaction of $398,320.00. Following the transaction, the chief operating officer now directly owns 34,993 shares of the company's stock, valued at $4,288,742.08. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, COO Peter S. Norgeot, Jr. sold 3,250 shares of Entergy stock in a transaction on Monday, September 9th. The stock was sold at an average price of $122.56, for a total transaction of $398,320.00. Following the sale, the chief operating officer now directly owns 34,993 shares in the company, valued at $4,288,742.08. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Andrew S. Marsh sold 600 shares of Entergy stock in a transaction 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 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 90 days, insiders sold 36,338 shares of company stock valued at $4,460,238. 0.39% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. StockNews.com raised Entergy from a "sell" rating to a "hold" rating in a research report on Saturday. Royal Bank of Canada raised their target price on shares of Entergy from $137.00 to $140.00 and gave the company an "outperform" rating in a research report on Monday, October 14th. Scotiabank raised their price objective on Entergy from $119.00 to $144.00 and gave the company a "sector perform" rating in a report on Friday, November 1st. Barclays increased their price target on Entergy from $137.00 to $152.00 and gave the company an "overweight" rating in a research report on Tuesday, November 5th. Finally, Mizuho boosted their price target on Entergy from $138.00 to $165.00 and gave the stock an "outperform" rating in a research report on Monday, November 4th. Five equities research 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. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $150.96.

Entergy Trading Down 0.8 %

Shares of ETR stock traded down $1.13 during trading hours on Tuesday, hitting $149.22. 1,539,123 shares of the company were exchanged, compared to its average volume of 1,611,244. The firm has a market cap of $31.99 billion, a P/E ratio of 18.31, a P/E/G ratio of 2.49 and a beta of 0.71. Entergy Co. has a fifty-two week low of $94.85 and a fifty-two week high of $156.85. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.59 and a current ratio of 0.89. The company has a 50 day simple moving average of $132.94 and a two-hundred day simple moving average of $119.02.

Entergy (NYSE:ETR - Get Free Report) last posted its quarterly 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. Entergy had a net margin of 14.83% and a return on equity of 9.53%. The business had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $3.46 billion. During the same quarter last year, the firm posted $3.27 EPS. Equities analysts anticipate that Entergy Co. 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 given a $1.20 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $4.80 annualized dividend and a yield of 3.22%. This is an increase from Entergy's previous quarterly dividend of $1.13. Entergy's dividend payout ratio (DPR) is presently 55.05%.

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.