Thompson Siegel & Walmsley LLC bought a new stake in Entergy Corporation (NYSE:ETR - Free Report) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 247,250 shares of the utilities provider's stock, valued at approximately $32,541,000. Thompson Siegel & Walmsley LLC owned 0.12% of Entergy at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of ETR. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in shares of Entergy by 7.3% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 33,768 shares of the utilities provider's stock valued at $4,444,000 after acquiring an additional 2,287 shares during the last quarter. Advisors Asset Management Inc. raised its holdings in Entergy by 8.5% during the third quarter. Advisors Asset Management Inc. now owns 39,512 shares of the utilities provider's stock worth $5,200,000 after purchasing an additional 3,106 shares in the last quarter. Jennison Associates LLC boosted its holdings in shares of Entergy by 24.4% in the 3rd quarter. Jennison Associates LLC now owns 1,012,083 shares of the utilities provider's stock valued at $133,200,000 after buying an additional 198,391 shares in the last quarter. Segall Bryant & Hamill LLC purchased a new position in shares of Entergy in the 3rd quarter valued at $3,001,000. Finally, Prospera Private Wealth LLC raised its stake in Entergy by 3.2% during the 3rd quarter. Prospera Private Wealth LLC now owns 5,467 shares of the utilities provider's stock worth $720,000 after acquiring an additional 170 shares in the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities analysts have issued reports on ETR shares. JPMorgan Chase & Co. raised their price objective on Entergy from $131.00 to $141.00 and gave the stock an "overweight" rating in a report on Monday, August 12th. StockNews.com raised Entergy from a "sell" rating to a "hold" rating in a research report on Saturday, November 9th. Barclays boosted their price objective on Entergy from $137.00 to $152.00 and gave the company an "overweight" rating in a research note on Tuesday, November 5th. Scotiabank raised their target price on shares of Entergy from $119.00 to $144.00 and gave the stock a "sector perform" rating in a research report on Friday, November 1st. Finally, Argus upgraded shares of Entergy to a "strong-buy" rating in a research report on Wednesday, August 28th. Five research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Entergy presently has an average rating of "Moderate Buy" and a consensus price target of $150.42.
Get Our Latest Report on ETR
Insider Transactions at Entergy
In related news, CEO Andrew S. Marsh sold 19,200 shares of the business's stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $120.35, for a total value of $2,310,720.00. Following the sale, the chief executive officer now directly owns 150,731 shares in the company, valued at $18,140,475.85. The trade was a 11.30 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Haley Fisackerly sold 4,134 shares of the firm's stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $149.03, for a total transaction of $616,090.02. Following the transaction, the insider now owns 2,016 shares of the company's stock, valued at $300,444.48. This trade represents a 67.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 40,472 shares of company stock valued at $5,076,328 in the last ninety days. 0.39% of the stock is currently owned by company insiders.
Entergy Stock Performance
Shares of Entergy stock traded up $1.22 on Thursday, reaching $151.93. 1,071,682 shares of the stock were exchanged, compared to its average volume of 1,614,445. The company has a current ratio of 0.89, a quick ratio of 0.59 and a debt-to-equity ratio of 1.77. The firm has a market capitalization of $32.57 billion, a PE ratio of 18.36, a PEG ratio of 2.50 and a beta of 0.71. Entergy Corporation has a 1-year low of $96.15 and a 1-year high of $156.85. The business has a fifty day moving average price of $136.69 and a two-hundred day moving average price of $120.99.
Entergy (NYSE:ETR - Get Free Report) last issued its earnings results on Thursday, October 31st. The utilities provider reported $2.99 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.91 by $0.08. Entergy had a return on equity of 9.53% and a net margin of 14.83%. The business had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $3.46 billion. During the same period in the prior year, the business posted $3.27 EPS. As a group, research analysts anticipate that Entergy Corporation 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. Shareholders of record on Wednesday, November 13th will be given a dividend of $1.20 per share. This is a positive change from Entergy's previous quarterly dividend of $1.13. This represents a $4.80 annualized dividend and a dividend yield of 3.16%. The ex-dividend date of this dividend is Wednesday, November 13th. Entergy's payout ratio is presently 58.47%.
Entergy 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.
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![Institutional Ownership by Quarter for Entergy (NYSE:ETR)](https://www.marketbeat.com/scripts/SECFilingChart.ashx?Prefix=NYSE&Symbol=ETR)
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