Janney Montgomery Scott LLC Has $14.59 Million Stock Holdings in Entergy Co. (NYSE:ETR)

Janney Montgomery Scott LLC boosted its position in shares of Entergy Co. (NYSE:ETR - Free Report) by 4.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 110,831 shares of the utilities provider's stock after purchasing an additional 4,384 shares during the period. Janney Montgomery Scott LLC owned 0.05% of Entergy worth $14,586,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. lifted its position 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 worth $693,260,000 after purchasing an additional 2,075,776 shares in the last quarter. Capital International Investors lifted its position in Entergy by 64.2% in the 1st quarter. Capital International Investors now owns 4,170,045 shares of the utilities provider's stock worth $440,690,000 after buying an additional 1,630,057 shares in the last quarter. Millennium Management LLC lifted its position in Entergy by 185.5% in the 2nd quarter. Millennium Management LLC now owns 1,876,672 shares of the utilities provider's stock worth $200,804,000 after buying an additional 1,219,419 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of 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 buying an additional 763,834 shares during the period. Finally, Panagora Asset Management Inc. grew its holdings in shares of 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 acquiring an additional 506,239 shares in the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Entergy

In other Entergy news, CEO Andrew S. Marsh sold 600 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 150,731 shares in the company, valued at approximately $18,092,241.93. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Andrew S. Marsh sold 19,200 shares of the company's stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $120.35, for a total value of $2,310,720.00. Following the sale, the chief executive officer now owns 150,731 shares of the company's stock, valued at $18,140,475.85. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Andrew S. Marsh sold 600 shares of the firm'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 of the company's stock, valued at approximately $18,092,241.93. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 36,338 shares of company stock worth $4,460,238 over the last three months. Company insiders own 0.54% of the company's stock.

Entergy Stock Performance

NYSE ETR traded down $0.10 during trading on Thursday, hitting $145.96. The company's stock had a trading volume of 1,375,152 shares, compared to its average volume of 1,606,160. Entergy Co. has a 52 week low of $94.85 and a 52 week high of $156.85. 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 firm has a market cap of $31.30 billion, a P/E ratio of 17.86, a price-to-earnings-growth ratio of 2.69 and a beta of 0.71. The firm has a 50 day moving average price of $131.25 and a 200 day moving average price of $118.08.

Entergy (NYSE:ETR - Get Free Report) last released its earnings results on Thursday, October 31st. The utilities provider reported $2.99 EPS for the quarter, beating the consensus estimate of $2.91 by $0.08. The firm had revenue of $3.39 billion during the quarter, compared to analysts' expectations of $3.46 billion. Entergy had a net margin of 14.83% and a return on equity of 9.53%. During the same period in the prior year, the company earned $3.27 EPS. Equities research analysts forecast that Entergy Co. will post 7.21 earnings per share for the current fiscal year.

Entergy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Wednesday, November 13th will be given a dividend of $1.20 per share. 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 dividend on an annualized basis and a yield of 3.29%. Entergy's dividend payout ratio (DPR) is 55.05%.

Analyst Ratings Changes

Several analysts recently issued reports on ETR shares. Morgan Stanley upgraded Entergy from an "underweight" rating to an "equal weight" rating and increased their price objective for the stock from $116.00 to $150.00 in a report on Monday. StockNews.com cut Entergy from a "hold" rating to a "sell" rating in a research note on Friday, November 1st. Mizuho raised their price objective on shares of Entergy from $138.00 to $165.00 and gave the company an "outperform" rating in a research report on Monday. 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 report on Tuesday. Finally, KeyCorp raised their price target on shares of Entergy from $143.00 to $162.00 and gave the company an "overweight" rating in a report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $150.96.

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.