Segall Bryant & Hamill LLC Makes New $3 Million Investment in Entergy Corporation (NYSE:ETR)

Segall Bryant & Hamill LLC bought a new stake in Entergy Corporation (NYSE:ETR - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 22,800 shares of the utilities provider's stock, valued at approximately $3,001,000.

Several other institutional investors also recently bought and sold shares of ETR. Fortitude Family Office LLC lifted its stake in shares of Entergy by 423.8% in the third quarter. Fortitude Family Office LLC now owns 220 shares of the utilities provider's stock valued at $29,000 after purchasing an additional 178 shares during the period. Cetera Trust Company N.A acquired a new stake in shares of Entergy in the third quarter valued at approximately $29,000. Iron Horse Wealth Management LLC purchased a new position in shares of Entergy during the 2nd quarter worth approximately $25,000. Coastline Trust Co acquired a new position in shares of Entergy in the third quarter worth $31,000. Finally, American National Bank lifted its position in shares of Entergy by 93.7% in the second quarter. American National Bank now owns 277 shares of the utilities provider's stock valued at $30,000 after acquiring an additional 134 shares in the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have commented on the stock. Argus raised shares of Entergy to a "strong-buy" rating in a research note on Wednesday, August 28th. Scotiabank boosted their price target on Entergy from $119.00 to $144.00 and gave the company a "sector perform" rating in a research report on Friday, November 1st. KeyCorp raised their price objective on Entergy from $143.00 to $162.00 and gave the stock an "overweight" rating in a report on Friday, November 1st. Barclays upped their price target on shares of Entergy from $137.00 to $152.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 5th. Finally, StockNews.com raised Entergy from a "sell" rating to a "hold" rating in a research report on Saturday, November 9th. Five investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $150.42.

Insider Buying and Selling at Entergy

In other Entergy news, insider Eliecer Viamontes sold 5,166 shares of the business's stock in a transaction dated 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 transaction, the insider now directly owns 5,117 shares of the company's stock, valued at $614,040. The trade was a 50.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Haley Fisackerly sold 4,134 shares of the business's stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $149.03, for a total value of $616,090.02. Following the transaction, the insider now owns 2,016 shares of the company's stock, valued at approximately $300,444.48. This represents a 67.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 40,472 shares of company stock worth $5,076,328 over the last ninety days. Company insiders own 0.39% of the company's stock.

Entergy Stock Performance

Shares of ETR traded down $0.49 during mid-day trading on Friday, hitting $151.06. The stock had a trading volume of 1,850,035 shares, compared to its average volume of 2,233,452. Entergy Corporation has a fifty-two week low of $96.15 and a fifty-two week high of $156.85. The company has a quick ratio of 0.59, a current ratio of 0.89 and a debt-to-equity ratio of 1.77. The company has a market cap of $32.39 billion, a PE ratio of 18.40, a PEG ratio of 2.53 and a beta of 0.71. The company's fifty day simple moving average is $137.74 and its two-hundred day simple moving average is $121.57.

Entergy (NYSE:ETR - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The utilities provider reported $2.99 EPS for the quarter, topping analysts' consensus estimates of $2.91 by $0.08. Entergy had a net margin of 14.83% and a return on equity of 9.53%. The firm had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $3.46 billion. During the same quarter in the previous year, the company posted $3.27 earnings per share. On average, equities analysts expect that Entergy Corporation will post 7.21 earnings per share 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 issued a $1.20 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $4.80 dividend on an annualized basis and a yield of 3.18%. This is a boost from Entergy's previous quarterly dividend of $1.13. Entergy's dividend payout ratio (DPR) is currently 58.47%.

Entergy Company 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.