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GW Henssler & Associates Ltd. Invests $14.53 Million in Entergy Co. (NYSE:ETR)

Entergy logo with Utilities background

GW Henssler & Associates Ltd. acquired a new position in Entergy Co. (NYSE:ETR - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 110,366 shares of the utilities provider's stock, valued at approximately $14,525,000. GW Henssler & Associates Ltd. owned about 0.05% of Entergy as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of Entergy by 12.4% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,926,492 shares of the utilities provider's stock worth $741,135,000 after buying an additional 763,834 shares during the last quarter. Ameriprise Financial Inc. boosted its position in Entergy by 47.1% in the 2nd 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 grew its stake in shares of Entergy by 64.2% during the 1st quarter. Capital International Investors now owns 4,170,045 shares of the utilities provider's stock worth $440,690,000 after purchasing an additional 1,630,057 shares during the period. ClearBridge Investments Ltd lifted its stake in shares of Entergy by 0.6% in the 2nd quarter. ClearBridge Investments Ltd now owns 3,137,110 shares of the utilities provider's stock valued at $335,671,000 after purchasing an additional 20,025 shares during the period. Finally, Capital Research Global Investors grew its position in Entergy by 22.5% during the first quarter. Capital Research Global Investors now owns 2,753,248 shares of the utilities provider's stock valued at $290,963,000 after buying an additional 505,705 shares during the period. Hedge funds and other institutional investors own 88.07% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Guggenheim upped their price objective on shares of Entergy from $118.00 to $128.00 and gave the stock a "buy" rating in a research report on Friday, August 2nd. Argus upgraded Entergy to a "strong-buy" rating in a research report on Wednesday, August 28th. Scotiabank boosted their price objective on Entergy from $115.00 to $119.00 and gave the company a "sector perform" rating in a research report on Tuesday, August 20th. KeyCorp increased their target price on Entergy from $140.00 to $143.00 and gave the company an "overweight" rating in a research report on Tuesday, October 22nd. Finally, UBS Group boosted their price target on shares of Entergy from $143.00 to $144.00 and gave the stock a "buy" rating in a report on Friday, September 20th. 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 assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $131.19.

Get Our Latest Report on ETR

Entergy Trading Down 1.6 %

Shares of ETR traded down $2.19 during mid-day trading on Tuesday, reaching $134.13. The stock had a trading volume of 2,745,360 shares, compared to its average volume of 1,563,050. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.94 and a quick ratio of 0.62. The business's fifty day moving average is $127.87 and its 200 day moving average is $116.21. Entergy Co. has a 52-week low of $92.31 and a 52-week high of $138.24. The firm has a market cap of $28.68 billion, a price-to-earnings ratio of 16.31, a P/E/G ratio of 2.56 and a beta of 0.74.

Entergy (NYSE:ETR - Get Free Report) last announced 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 business had revenue of $2.95 billion during 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 quarter last year, the firm earned $1.84 EPS. On average, sell-side analysts predict that Entergy Co. will post 7.21 EPS for the current fiscal year.

Entergy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Wednesday, November 13th will be given a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 3.58%. The ex-dividend date of this dividend is Wednesday, November 13th. This is a boost from Entergy's previous quarterly dividend of $1.13. Entergy's dividend payout ratio (DPR) is currently 54.07%.

Insiders Place Their Bets

In related news, COO Peter S. Norgeot, Jr. sold 7,922 shares of Entergy stock in a transaction on 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 completion of the transaction, the chief operating officer now directly owns 34,993 shares in the company, valued at approximately $4,549,090. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Entergy news, CEO Andrew S. Marsh sold 3,200 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $121.46, for a total value of $388,672.00. Following the sale, the chief executive officer now directly owns 150,731 shares of the company's stock, valued at approximately $18,307,787.26. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at 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 shares were 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 in the company, 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. Insiders sold a total of 50,810 shares of company stock worth $6,140,626 over the last 90 days. Corporate insiders own 0.54% of the company's stock.

Entergy Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Entergy (NYSE:ETR)

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