Lmcg Investments LLC Reduces Stock Holdings in Entergy Co. (NYSE:ETR)

Lmcg Investments LLC lowered its position in Entergy Co. (NYSE:ETR - Free Report) by 7.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 153,467 shares of the utilities provider's stock after selling 13,227 shares during the period. Entergy comprises about 1.2% of Lmcg Investments LLC's investment portfolio, making the stock its 16th biggest holding. Lmcg Investments LLC owned 0.07% of Entergy worth $20,198,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Mathes Company Inc. bought a new stake in Entergy during the 3rd quarter worth approximately $217,000. Phillips Wealth Planners LLC bought a new stake in shares of Entergy during the 3rd quarter valued at $219,000. Farther Finance Advisors LLC lifted its stake in shares of Entergy by 126.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,352 shares of the utilities provider's stock valued at $310,000 after buying an additional 1,314 shares in the last quarter. Affinity Investment Advisors LLC bought a new position in Entergy in the 3rd quarter worth $206,000. Finally, Shepherd Financial Partners LLC increased its stake in Entergy by 6.9% in the 3rd quarter. Shepherd Financial Partners LLC now owns 7,259 shares of the utilities provider's stock worth $955,000 after buying an additional 469 shares in the last quarter. Institutional investors own 88.07% of the company's stock.

Insiders Place Their Bets

In other Entergy news, COO Peter S. Norgeot, Jr. sold 7,922 shares of the 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 sale, the chief operating officer now owns 34,993 shares in the company, valued at $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 available at this hyperlink. In other news, 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 transaction, the chief operating officer now 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Eliecer Viamontes sold 5,166 shares of the firm's stock in a transaction on Friday, August 30th. The shares were sold at an average price of $120.00, for a total value of $619,920.00. Following the transaction, the insider now owns 5,117 shares in the company, valued at approximately $614,040. This represents a 0.00 % decrease in their position. 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. Company insiders own 0.39% of the company's stock.

Analysts Set New Price Targets

ETR has been the subject of a number of recent analyst reports. Argus raised Entergy to a "strong-buy" rating in a research note on Wednesday, August 28th. UBS Group upped their price target on Entergy from $143.00 to $144.00 and gave the stock a "buy" rating in a research note on Friday, September 20th. StockNews.com cut shares of Entergy from a "hold" rating to a "sell" rating in a research report on Friday. Wells Fargo & Company upped their target price on shares of Entergy from $137.00 to $170.00 and gave the stock an "overweight" rating in a research report on Friday. Finally, Royal Bank of Canada lifted their price target on shares of Entergy from $137.00 to $140.00 and gave the company an "outperform" rating in a report on Monday, October 14th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $141.96.

Entergy Trading Down 6.5 %

NYSE:ETR traded down $9.99 during midday trading on Friday, hitting $144.79. 3,871,509 shares of the company traded hands, compared to its average volume of 1,684,980. The firm's fifty day moving average is $129.72 and its 200-day moving average is $117.23. Entergy Co. has a 12-month low of $94.85 and a 12-month high of $156.85. The firm has a market capitalization of $30.96 billion, a P/E ratio of 17.64, a P/E/G ratio of 2.93 and a beta of 0.71. The company has a current ratio of 0.89, a quick ratio of 0.62 and a debt-to-equity ratio of 1.77.

Entergy (NYSE:ETR - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The utilities provider reported $2.99 earnings per share for the quarter, beating the consensus estimate of $2.91 by $0.08. Entergy had a return on equity of 9.53% and a net margin of 14.83%. The company had revenue of $3.39 billion for the quarter, compared to analyst estimates of $3.46 billion. During the same quarter in the prior year, the firm posted $3.27 EPS. On average, sell-side analysts predict that Entergy Co. will post 7.21 EPS for the current year.

Entergy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Wednesday, November 13th will be paid a $1.20 dividend. This is a positive change from Entergy's previous quarterly dividend of $1.13. The ex-dividend date is Wednesday, November 13th. This represents a $4.80 dividend on an annualized basis and a yield of 3.32%. Entergy's dividend payout ratio (DPR) is presently 55.05%.

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.