Entergy Corporation (NYSE:ETR) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its position in shares of Entergy Corporation (NYSE:ETR - Free Report) by 1.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,340,352 shares of the utilities provider's stock after acquiring an additional 13,348 shares during the period. Charles Schwab Investment Management Inc. owned about 0.63% of Entergy worth $176,404,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ameriprise Financial Inc. raised its position in Entergy by 47.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 6,479,044 shares of the utilities provider's stock valued at $693,260,000 after purchasing an additional 2,075,776 shares in the last quarter. Millennium Management LLC increased its holdings in shares of Entergy by 185.5% in the 2nd quarter. Millennium Management LLC now owns 1,876,672 shares of the utilities provider's stock valued at $200,804,000 after acquiring an additional 1,219,419 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in Entergy by 12.4% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,926,492 shares of the utilities provider's stock worth $741,135,000 after purchasing an additional 763,834 shares during the period. Panagora Asset Management Inc. grew its holdings in shares of Entergy by 89.2% during the second quarter. Panagora Asset Management Inc. now owns 1,073,603 shares of the utilities provider's stock worth $114,876,000 after buying an additional 506,239 shares during the last quarter. Finally, International Assets Investment Management LLC grew its stake in shares of Entergy by 16,409.2% in the 3rd quarter. International Assets Investment Management LLC now owns 466,716 shares of the utilities provider's stock valued at $61,424,000 after purchasing an additional 463,889 shares during the last quarter. Hedge funds and other institutional investors own 88.07% of the company's stock.

Entergy Trading Down 0.3 %

Shares of Entergy stock traded down $0.49 during trading hours on Friday, hitting $151.06. The company's stock had a trading volume of 1,850,035 shares, compared to its average volume of 2,233,452. The company has a quick ratio of 0.59, a current ratio of 0.89 and a debt-to-equity ratio of 1.77. The company has a market capitalization of $32.39 billion, a PE ratio of 18.40, a P/E/G ratio of 2.53 and a beta of 0.71. The business has a fifty day moving average of $137.74 and a 200 day moving average of $121.65. Entergy Corporation has a 1-year low of $96.15 and a 1-year high of $156.85.

Entergy (NYSE:ETR - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The utilities provider reported $2.99 EPS for the quarter, topping analysts' consensus estimates of $2.91 by $0.08. Entergy had a return on equity of 9.53% and a net margin of 14.83%. The company had revenue of $3.39 billion for the quarter, compared to analysts' expectations of $3.46 billion. During the same quarter in the previous year, the firm posted $3.27 earnings per share. As a group, equities analysts forecast that Entergy Corporation will post 7.21 EPS for the current year.

Entergy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Wednesday, November 13th will be paid a $1.20 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This is an increase from Entergy's previous quarterly dividend of $1.13. This represents a $4.80 annualized dividend and a dividend yield of 3.18%. Entergy's dividend payout ratio is 58.47%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. UBS Group raised their target price on shares of Entergy from $143.00 to $144.00 and gave the stock a "buy" rating in a research note on Friday, September 20th. Scotiabank boosted their target price on Entergy from $119.00 to $144.00 and gave the stock a "sector perform" rating in a research report on Friday, November 1st. Mizuho increased their price target on shares of Entergy from $138.00 to $165.00 and gave the company an "outperform" rating in a research report on Monday, November 4th. Guggenheim lifted their price objective on Entergy from $145.00 to $165.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Finally, KeyCorp boosted their price target on Entergy from $143.00 to $162.00 and gave the company an "overweight" rating in a report on Friday, November 1st. Five analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $150.42.

Insider Buying and Selling at Entergy

In other Entergy news, insider Haley Fisackerly sold 4,134 shares of the stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $149.03, for a total transaction of $616,090.02. Following the sale, the insider now directly owns 2,016 shares of the company's stock, valued at approximately $300,444.48. This represents a 67.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Eliecer Viamontes sold 5,166 shares of Entergy stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $120.00, for a total transaction of $619,920.00. Following the completion of the transaction, the insider now directly owns 5,117 shares of the company's stock, valued at $614,040. This trade represents a 50.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 40,472 shares of company stock valued at $5,076,328 in the last ninety days. Insiders own 0.39% of the company's stock.

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.