Entergy Co. (NYSE:ETR) Shares Acquired by Pathway Financial Advisers LLC

Pathway Financial Advisers LLC boosted its stake in Entergy Co. (NYSE:ETR - Free Report) by 21,143.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 38,875 shares of the utilities provider's stock after purchasing an additional 38,692 shares during the quarter. Pathway Financial Advisers LLC's holdings in Entergy were worth $5,116,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Iron Horse Wealth Management LLC purchased a new position in shares of Entergy in the 2nd quarter worth about $25,000. Heritage Wealth Advisors lifted its position in Entergy by 2,172.7% during the first quarter. Heritage Wealth Advisors now owns 250 shares of the utilities provider's stock valued at $26,000 after buying an additional 239 shares in the last quarter. Cetera Trust Company N.A purchased a new stake in Entergy during the third quarter worth approximately $29,000. American National Bank grew its stake in Entergy by 93.7% during the second quarter. American National Bank now owns 277 shares of the utilities provider's stock worth $30,000 after buying an additional 134 shares during the period. Finally, TruNorth Capital Management LLC purchased a new position in shares of Entergy in the 2nd quarter valued at $32,000. Institutional investors and hedge funds own 88.07% of the company's stock.

Insider Buying and Selling

In other Entergy news, CEO Andrew S. Marsh sold 3,200 shares of the company's stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $121.46, for a total value of $388,672.00. Following the completion of the transaction, the chief executive officer now owns 150,731 shares in the company, valued at approximately $18,307,787.26. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Andrew S. Marsh sold 3,200 shares of Entergy stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $121.46, for a total transaction of $388,672.00. Following the sale, the chief executive officer now directly owns 150,731 shares in the company, valued at $18,307,787.26. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andrew S. Marsh sold 600 shares of the company'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 completion of the sale, the chief executive officer now directly owns 150,731 shares of the company's stock, valued at $18,092,241.93. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 50,810 shares of company stock valued at $6,140,626. Insiders own 0.39% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on ETR shares. UBS Group upped their price target on shares of Entergy from $143.00 to $144.00 and gave the stock a "buy" rating in a research report on Friday, September 20th. Guggenheim increased their target price on Entergy from $118.00 to $128.00 and gave the company a "buy" rating in a research note on Friday, August 2nd. JPMorgan Chase & Co. boosted their price target on Entergy from $131.00 to $141.00 and gave the stock an "overweight" rating in a research report on Monday, August 12th. Wells Fargo & Company increased their price objective on shares of Entergy from $125.00 to $137.00 and gave the company an "overweight" rating in a research report on Friday, August 2nd. Finally, Morgan Stanley boosted their target price on shares of Entergy from $109.00 to $115.00 and gave the stock an "underweight" rating in a research report on Wednesday, September 25th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $131.19.

Entergy Stock Performance

Shares of ETR stock traded down $2.09 on Friday, hitting $135.38. 2,055,912 shares of the stock traded hands, compared to its average volume of 1,556,774. The company has a market capitalization of $28.95 billion, a PE ratio of 16.19, a PEG ratio of 2.55 and a beta of 0.74. The company's fifty day moving average is $127.51 and its 200 day moving average is $115.83. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.94 and a quick ratio of 0.62. Entergy Co. has a 1-year low of $90.78 and a 1-year high of $138.24.

Entergy (NYSE:ETR - Get Free Report) last posted its quarterly earnings results on Thursday, August 1st. The utilities provider reported $1.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.76 by $0.16. The company had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $2.98 billion. Entergy had a net margin of 14.75% and a return on equity of 10.10%. During the same period last year, the firm posted $1.84 EPS. On average, equities research analysts predict that Entergy Co. will post 7.22 earnings per share for the current fiscal year.

Entergy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Wednesday, November 13th will be given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 3.55%. This is a boost from Entergy's previous quarterly dividend of $1.13. Entergy's dividend payout ratio is presently 54.07%.

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.