FCG Investment Co Has $748,000 Position in Entergy Co. (NYSE:ETR)

FCG Investment Co decreased its holdings in shares of Entergy Co. (NYSE:ETR - Free Report) by 43.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,681 shares of the utilities provider's stock after selling 4,305 shares during the quarter. FCG Investment Co's holdings in Entergy were worth $748,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Iron Horse Wealth Management LLC acquired a new stake in shares of Entergy during the second quarter worth $25,000. Heritage Wealth Advisors raised its stake in Entergy by 2,172.7% in the 1st quarter. Heritage Wealth Advisors now owns 250 shares of the utilities provider's stock worth $26,000 after purchasing an additional 239 shares in the last quarter. Cetera Trust Company N.A bought a new stake in Entergy in the 3rd quarter valued at about $29,000. American National Bank grew its position 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 purchasing an additional 134 shares in the last quarter. Finally, TruNorth Capital Management LLC bought a new position in shares of Entergy during the second quarter worth approximately $32,000. 88.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have commented on ETR. Royal Bank of Canada raised their price objective on Entergy from $137.00 to $140.00 and gave the stock an "outperform" rating in a research note on Monday, October 14th. Morgan Stanley boosted their price target on Entergy from $109.00 to $115.00 and gave the company an "underweight" rating in a research note on Wednesday, September 25th. UBS Group boosted their target price on shares of Entergy from $143.00 to $144.00 and gave the company a "buy" rating in a research report on Friday, September 20th. Argus raised shares of Entergy to a "strong-buy" rating in a report on Wednesday, August 28th. Finally, KeyCorp upped their target price on Entergy from $140.00 to $143.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $131.19.

Entergy Trading Up 0.7 %

ETR traded up $0.95 during trading on Monday, reaching $136.33. 1,679,824 shares of the company's stock were exchanged, compared to its average volume of 1,299,450. The firm has a fifty day moving average price of $127.51 and a two-hundred day moving average price of $115.98. The stock has a market capitalization of $29.15 billion, a PE ratio of 16.31, a price-to-earnings-growth ratio of 2.56 and a beta of 0.74. Entergy Co. has a one year low of $92.31 and a one year high of $138.24. The company has a current ratio of 0.94, a quick ratio of 0.62 and a debt-to-equity ratio of 1.81.

Entergy (NYSE:ETR - Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The utilities provider reported $1.92 earnings per share for the quarter, beating analysts' consensus estimates of $1.76 by $0.16. The business 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 prior year, the business posted $1.84 earnings per share. As a group, equities research analysts forecast that Entergy Co. will post 7.21 earnings per share for the current fiscal year.

Entergy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Wednesday, November 13th will be issued a $1.20 dividend. The ex-dividend date is Wednesday, November 13th. This is a boost from Entergy's previous quarterly dividend of $1.13. This represents a $4.80 annualized dividend and a yield of 3.52%. Entergy's dividend payout ratio is presently 54.07%.

Insider Buying and Selling at Entergy

In other news, COO Peter S. Norgeot, Jr. sold 7,922 shares of the business's stock in a transaction that occurred on Monday, September 23rd. The shares were 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 owns 34,993 shares in the company, valued at approximately $4,549,090. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Eliecer Viamontes sold 5,166 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the insider now owns 5,117 shares of the company's stock, valued at $614,040. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Peter S. Norgeot, Jr. sold 7,922 shares of the firm's stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $130.00, for a total transaction of $1,029,860.00. Following the completion of the sale, the chief operating officer now owns 34,993 shares of the company's stock, valued at $4,549,090. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 50,810 shares of company stock valued at $6,140,626. 0.54% of the stock is currently owned by company insiders.

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.