International Assets Investment Management LLC Boosts Position in Entergy Co. (NYSE:ETR)

International Assets Investment Management LLC raised its position in Entergy Co. (NYSE:ETR - Free Report) by 16,409.2% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 466,716 shares of the utilities provider's stock after purchasing an additional 463,889 shares during the period. International Assets Investment Management LLC owned 0.22% of Entergy worth $61,424,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cetera Trust Company N.A purchased a new position in Entergy in the 3rd quarter valued at $29,000. Iron Horse Wealth Management LLC purchased a new position in Entergy in the 2nd quarter valued at $25,000. Heritage Wealth Advisors lifted 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 valued at $26,000 after purchasing an additional 239 shares in the last quarter. American National Bank raised its holdings in shares of Entergy by 93.7% during the 2nd quarter. American National Bank now owns 277 shares of the utilities provider's stock worth $30,000 after acquiring an additional 134 shares during the period. Finally, TruNorth Capital Management LLC purchased a new position in shares of Entergy during the 2nd quarter worth $32,000. Hedge funds and other institutional investors own 88.07% of the company's stock.

Wall Street Analysts Forecast Growth

ETR has been the topic of several analyst reports. Barclays reduced their price target on Entergy from $138.00 to $137.00 and set an "overweight" rating on the stock in a report on Monday, October 7th. Bank of America lifted their price target on Entergy from $135.00 to $138.00 and gave the stock a "buy" rating in a report on Thursday, August 29th. BMO Capital Markets lifted their price target on Entergy from $131.00 to $140.00 and gave the stock an "outperform" rating in a report on Tuesday, October 15th. Guggenheim lifted their price target on Entergy from $118.00 to $128.00 and gave the stock a "buy" rating in a report on Friday, August 2nd. Finally, KeyCorp lifted their price target on Entergy from $140.00 to $143.00 and gave the stock an "overweight" rating in a report on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, two have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Entergy presently has a consensus rating of "Moderate Buy" and a consensus target price of $131.19.

Insider Transactions at Entergy

In other news, CEO Andrew S. Marsh sold 3,200 shares of the business's stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $121.46, for a total transaction of $388,672.00. Following the completion of the transaction, the chief executive officer now directly owns 150,731 shares of the company's stock, valued at approximately $18,307,787.26. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO Andrew S. Marsh sold 3,200 shares of the business's stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $121.46, for a total transaction of $388,672.00. Following the completion of the transaction, the chief executive officer now directly owns 150,731 shares of the company's stock, valued at approximately $18,307,787.26. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Peter S. Norgeot, Jr. sold 7,922 shares of the business's stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $130.00, for a total value of $1,029,860.00. Following the transaction, the chief operating officer now directly owns 34,993 shares of the company's stock, valued at approximately $4,549,090. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 50,810 shares of company stock valued at $6,140,626. 0.39% of the stock is currently owned by corporate insiders.

Entergy Trading Down 1.5 %

NYSE ETR traded down $2.09 during trading on Friday, hitting $135.38. The stock had a trading volume of 2,055,912 shares, 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 has a quick ratio of 0.62, a current ratio of 0.94 and a debt-to-equity ratio of 1.81. The firm has a 50 day moving average price of $127.51 and a 200 day moving average price of $115.90. Entergy Co. has a twelve month low of $90.78 and a twelve month high of $138.24.

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

Entergy Increases Dividend

The business also recently disclosed 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 is an increase from Entergy's previous quarterly dividend of $1.13. This represents a $4.80 dividend on an annualized basis and a dividend yield of 3.55%. Entergy's payout ratio is currently 54.07%.

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.