Entergy Co. (NYSE:ETR) Shares Purchased by 180 Wealth Advisors LLC

180 Wealth Advisors LLC boosted its holdings in shares of Entergy Co. (NYSE:ETR) by 46.6% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,088 shares of the utilities provider’s stock after purchasing an additional 982 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Entergy were worth $326,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Wealth Alliance raised its holdings in Entergy by 1.2% in the fourth quarter. Wealth Alliance now owns 8,201 shares of the utilities provider’s stock valued at $830,000 after acquiring an additional 101 shares in the last quarter. Marino Stram & Associates LLC lifted its position in shares of Entergy by 1.8% during the fourth quarter. Marino Stram & Associates LLC now owns 5,778 shares of the utilities provider’s stock worth $585,000 after purchasing an additional 102 shares during the last quarter. Prossimo Advisors LLC grew its stake in Entergy by 2.5% in the fourth quarter. Prossimo Advisors LLC now owns 4,512 shares of the utilities provider’s stock worth $457,000 after purchasing an additional 110 shares in the last quarter. Stratos Wealth Partners LTD. grew its stake in Entergy by 1.9% in the fourth quarter. Stratos Wealth Partners LTD. now owns 6,657 shares of the utilities provider’s stock worth $674,000 after purchasing an additional 124 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC increased its holdings in Entergy by 2.3% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 5,550 shares of the utilities provider’s stock valued at $562,000 after buying an additional 126 shares during the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Entergy

In related news, CAO Reginald T. Jackson sold 9,229 shares of the firm’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $108.71, for a total transaction of $1,003,284.59. Following the completion of the transaction, the chief accounting officer now owns 2,166 shares of the company’s stock, valued at $235,465.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CAO Reginald T. Jackson sold 9,229 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $108.71, for a total transaction of $1,003,284.59. Following the completion of the sale, the chief accounting officer now directly owns 2,166 shares of the company’s stock, valued at $235,465.86. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Haley Fisackerly sold 1,500 shares of Entergy stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $110.23, for a total transaction of $165,345.00. Following the completion of the transaction, the insider now owns 2,479 shares in the company, valued at approximately $273,260.17. The disclosure for this sale can be found here. Company insiders own 0.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ETR. Barclays lifted their target price on Entergy from $107.00 to $116.00 and gave the stock an “equal weight” rating in a research report on Wednesday, June 5th. Morgan Stanley lowered their target price on shares of Entergy from $103.00 to $98.00 and set an “underweight” rating for the company in a research note on Monday. KeyCorp raised their price target on shares of Entergy from $112.00 to $123.00 and gave the stock an “overweight” rating in a research report on Monday, May 20th. LADENBURG THALM/SH SH reaffirmed a “neutral” rating and issued a $109.50 price target (down from $117.00) on shares of Entergy in a report on Wednesday, June 12th. Finally, Scotiabank dropped their price objective on shares of Entergy from $111.00 to $104.00 and set a “sector perform” rating on the stock in a research note on Monday, April 22nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $113.73.

Entergy Stock Performance

Shares of NYSE ETR traded up $0.11 during midday trading on Friday, reaching $106.87. 292,171 shares of the company traded hands, compared to its average volume of 1,520,845. The company has a market cap of $22.82 billion, a price-to-earnings ratio of 10.70, a PEG ratio of 2.01 and a beta of 0.73. The stock has a 50-day moving average price of $108.83 and a 200 day moving average price of $104.24. Entergy Co. has a 52 week low of $87.10 and a 52 week high of $114.28. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.69 and a quick ratio of 0.45.

Entergy (NYSE:ETR) last issued its quarterly earnings results on Wednesday, April 24th. The utilities provider reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.36). Entergy had a return on equity of 10.20% and a net margin of 17.75%. The company had revenue of $31.17 billion during the quarter, compared to analyst estimates of $3.16 billion. During the same period in the prior year, the company posted $1.14 earnings per share. The company’s revenue was down .5% on a year-over-year basis. Sell-side analysts anticipate that Entergy Co. will post 7.22 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Thursday, May 2nd were given a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 4.23%. The ex-dividend date of this dividend was Wednesday, May 1st. Entergy’s dividend payout ratio (DPR) is presently 45.34%.

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.