Confluence Investment Management LLC Sells 12,109 Shares of Entergy Co. (NYSE:ETR)

Confluence Investment Management LLC decreased its holdings in shares of Entergy Co. (NYSE:ETR - Free Report) by 1.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 819,906 shares of the utilities provider's stock after selling 12,109 shares during the quarter. Entergy makes up about 1.4% of Confluence Investment Management LLC's holdings, making the stock its 22nd biggest position. Confluence Investment Management LLC owned approximately 0.38% of Entergy worth $107,908,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. UBS Group upped their target price on shares of Entergy from $143.00 to $144.00 and gave the company a "buy" rating in a research note on Friday, September 20th. BMO Capital Markets increased their target price on shares of Entergy from $146.00 to $166.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. Barclays boosted their target price on shares of Entergy from $137.00 to $152.00 and gave the stock an "overweight" rating in a research note on Tuesday. Royal Bank of Canada upped their price target on Entergy from $137.00 to $140.00 and gave the company an "outperform" rating in a research note on Monday, October 14th. Finally, Scotiabank increased 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. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $150.96.

Insiders Place Their Bets

In other news, insider Eliecer Viamontes sold 200 shares of the 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 completion of the sale, the insider now owns 4,173 shares of the company's stock, valued at approximately $613,431. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, insider Eliecer Viamontes sold 200 shares of the company's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $147.00, for a total value of $29,400.00. Following the sale, the insider now directly owns 4,173 shares of the company's stock, valued at approximately $613,431. This represents 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. Also, CEO Andrew S. Marsh sold 600 shares of the stock in a transaction dated 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 transaction, the chief executive officer now directly owns 150,731 shares in the company, valued at approximately $18,092,241.93. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 36,338 shares of company stock valued at $4,460,238 in the last 90 days. 0.39% of the stock is currently owned by insiders.

Entergy Stock Up 2.1 %

NYSE ETR traded up $3.07 during trading on Friday, hitting $149.03. The stock had a trading volume of 2,464,624 shares, compared to its average volume of 1,899,604. The company has a market capitalization of $31.95 billion, a PE ratio of 18.15, a P/E/G ratio of 2.44 and a beta of 0.71. Entergy Co. has a 12 month low of $94.85 and a 12 month high of $156.85. The company's 50-day moving average price is $132.34 and its two-hundred day moving average price is $118.56. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.59 and a current ratio of 0.89.

Entergy (NYSE:ETR - Get Free Report) last released its earnings results on Thursday, October 31st. The utilities provider reported $2.99 earnings per share 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 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 earned $3.27 earnings per share. As a group, sell-side analysts forecast that Entergy Co. will post 7.21 EPS for the current year.

Entergy Increases Dividend

The business also recently declared 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 represents a $4.80 dividend on an annualized basis and a yield of 3.22%. This is an increase from Entergy's previous quarterly dividend of $1.13. The ex-dividend date is Wednesday, November 13th. Entergy's dividend payout ratio (DPR) is currently 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.