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

Pathway Financial Advisers LLC raised its holdings in shares of Entergy Co. (NYSE:ETR - Free Report) by 21,143.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 38,875 shares of the utilities provider's stock after acquiring an additional 38,692 shares during the period. Pathway Financial Advisers LLC's holdings in Entergy were worth $5,116,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of ETR. State Board of Administration of Florida Retirement System raised its position in Entergy by 6.3% during the first quarter. State Board of Administration of Florida Retirement System now owns 234,595 shares of the utilities provider's stock worth $25,275,000 after acquiring an additional 13,882 shares in the last quarter. Acadian Asset Management LLC boosted its stake in shares of Entergy by 55.4% in the 1st quarter. Acadian Asset Management LLC now owns 14,877 shares of the utilities provider's stock valued at $1,571,000 after purchasing an additional 5,303 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in shares of Entergy during the first quarter worth $1,245,000. Cetera Advisors LLC raised its position in Entergy by 145.2% in the first quarter. Cetera Advisors LLC now owns 24,136 shares of the utilities provider's stock valued at $2,551,000 after purchasing an additional 14,293 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its position in Entergy by 17.5% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 41,605 shares of the utilities provider's stock worth $4,397,000 after buying an additional 6,197 shares during the period. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, COO Peter S. Norgeot, Jr. sold 7,922 shares of the company's stock in a transaction dated 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 completion of the sale, the chief operating officer now 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 sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other Entergy news, COO Peter S. Norgeot, Jr. sold 7,922 shares of the stock in a transaction that occurred 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 sale, the chief operating officer now directly owns 34,993 shares in the company, valued at $4,549,090. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Andrew S. Marsh sold 600 shares of the business's stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $120.03, for a total value of $72,018.00. Following the transaction, the chief executive officer now directly owns 150,731 shares of the company's stock, valued at approximately $18,092,241.93. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 50,810 shares of company stock worth $6,140,626 over the last quarter. 0.54% of the stock is currently owned by corporate insiders.

Entergy Trading Up 0.2 %

Shares of Entergy stock traded up $0.27 during trading on Wednesday, hitting $134.40. The stock had a trading volume of 2,341,644 shares, compared to its average volume of 1,566,950. Entergy Co. has a 12 month low of $94.63 and a 12 month high of $138.24. The firm's fifty day simple moving average is $128.48 and its 200-day simple moving average is $116.55. The stock has a market cap of $28.74 billion, a PE ratio of 16.08, a PEG ratio of 2.56 and a beta of 0.74. 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 (NYSE:ETR - Get Free Report) last issued its earnings results 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 analyst estimates 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, sell-side analysts expect that Entergy Co. will post 7.21 EPS for the current fiscal year.

Entergy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Wednesday, November 13th will be given a dividend of $1.20 per share. 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 dividend on an annualized basis and a yield of 3.57%. Entergy's dividend payout ratio is currently 54.07%.

Analyst Ratings Changes

A number of brokerages have weighed in on ETR. Argus upgraded Entergy to a "strong-buy" rating in a report on Wednesday, August 28th. Barclays dropped their target price on Entergy from $138.00 to $137.00 and set an "overweight" rating on the stock in a report on Monday, October 7th. Guggenheim upped their price objective on Entergy from $118.00 to $128.00 and gave the company a "buy" rating in a research note on Friday, August 2nd. Scotiabank boosted their price objective on Entergy from $115.00 to $119.00 and gave the company a "sector perform" rating in a research note on Tuesday, August 20th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Entergy from $131.00 to $141.00 and gave the company an "overweight" rating in a research report on Monday, August 12th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $131.19.

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.