GSA Capital Partners LLP Buys 5,247 Shares of Entergy Co. (NYSE:ETR)

GSA Capital Partners LLP increased its position in shares of Entergy Co. (NYSE:ETR - Free Report) by 196.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,914 shares of the utilities provider's stock after purchasing an additional 5,247 shares during the quarter. GSA Capital Partners LLP's holdings in Entergy were worth $1,042,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Ameriprise Financial Inc. raised its stake in shares of 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 lifted its stake in shares of Entergy by 64.2% in the 1st 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. Millennium Management LLC boosted its holdings in Entergy by 185.5% in the second quarter. Millennium Management LLC now owns 1,876,672 shares of the utilities provider's stock worth $200,804,000 after acquiring an additional 1,219,419 shares in the last quarter. 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 valued at $741,135,000 after purchasing an additional 763,834 shares during the last quarter. Finally, Panagora Asset Management Inc. raised its stake in Entergy by 89.2% during the 2nd quarter. Panagora Asset Management Inc. now owns 1,073,603 shares of the utilities provider's stock valued at $114,876,000 after buying an additional 506,239 shares during the last quarter. Institutional investors and hedge funds own 88.07% of the company's stock.

Entergy Trading Up 1.4 %

Shares of Entergy stock traded up $2.08 during trading on Friday, hitting $149.12. 2,594,274 shares of the company were exchanged, compared to its average volume of 1,616,442. The firm has a market capitalization of $31.97 billion, a P/E ratio of 18.16, a price-to-earnings-growth ratio of 2.47 and a beta of 0.71. The firm's fifty day moving average price is $135.02 and its 200 day moving average price is $120.01. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.89 and a quick ratio of 0.59. Entergy Co. has a 1-year low of $96.15 and a 1-year high of $156.85.

Entergy (NYSE:ETR - Get Free Report) last released its earnings results on Thursday, October 31st. The utilities provider reported $2.99 earnings per share (EPS) for the quarter, beating 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 business had revenue of $3.39 billion for the quarter, compared to the consensus estimate of $3.46 billion. During the same quarter in the previous year, the business earned $3.27 earnings per share. As a group, sell-side analysts expect that Entergy Co. will post 7.21 earnings per share for the current fiscal year.

Entergy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Wednesday, November 13th will be issued a dividend of $1.20 per share. This is a positive change from Entergy's previous quarterly dividend of $1.13. The ex-dividend date is Wednesday, November 13th. This represents a $4.80 annualized dividend and a yield of 3.22%. Entergy's dividend payout ratio (DPR) is presently 58.47%.

Insider Activity at Entergy

In other Entergy news, 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 owns 150,731 shares in the company, valued at $18,092,241.93. This trade represents a 0.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Eliecer Viamontes sold 5,166 shares of the business's stock in a transaction on Friday, August 30th. The shares were sold at an average price of $120.00, for a total transaction of $619,920.00. Following the transaction, the insider now 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 have sold a total of 40,472 shares of company stock worth $5,076,328 in the last 90 days. Corporate insiders own 0.39% of the company's stock.

Wall Street Analyst Weigh In

ETR has been the topic of several recent analyst reports. 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. Wells Fargo & Company boosted their target price on shares of Entergy from $137.00 to $170.00 and gave the stock an "overweight" rating in a research note on Friday, November 1st. UBS Group raised their price objective on Entergy from $143.00 to $144.00 and gave the stock a "buy" rating in a research report on Friday, September 20th. KeyCorp upped their target price on shares of Entergy from $143.00 to $162.00 and gave the stock an "overweight" rating in a research note on Friday, November 1st. Finally, StockNews.com upgraded Entergy from a "sell" rating to a "hold" rating in a research note on Saturday, November 9th. Five investment 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 company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $150.96.

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.