Ascent Group LLC Sells 170 Shares of Entergy Co. (NYSE:ETR)

Ascent Group LLC lowered its position in Entergy Co. (NYSE:ETR) by 0.7% during the 1st quarter, HoldingsChannel reports. The firm owned 23,362 shares of the utilities provider’s stock after selling 170 shares during the period. Ascent Group LLC’s holdings in Entergy were worth $2,469,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Tidemark LLC purchased a new position in Entergy during the fourth quarter worth about $25,000. Heritage Wealth Advisors grew its holdings in shares of Entergy by 2,172.7% during the first quarter. Heritage Wealth Advisors now owns 250 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 239 shares in the last quarter. OLD Point Trust & Financial Services N A purchased a new position in shares of Entergy during the fourth quarter worth about $35,000. CVA Family Office LLC bought a new position in shares of Entergy in the fourth quarter worth approximately $41,000. Finally, Newbridge Financial Services Group Inc. raised its stake in Entergy by 40.0% in the first quarter. Newbridge Financial Services Group Inc. now owns 385 shares of the utilities provider’s stock valued at $41,000 after purchasing an additional 110 shares in the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Analyst Ratings Changes

ETR has been the topic of a number of research analyst reports. Mizuho increased their price target on shares of Entergy from $107.00 to $114.00 and gave the stock a “buy” rating in a report on Friday, May 31st. LADENBURG THALM/SH SH reissued a “neutral” rating and issued a $109.50 target price (down previously from $117.00) on shares of Entergy in a research note on Wednesday, June 12th. Wells Fargo & Company lifted their price target on Entergy from $122.00 to $125.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 5th. BMO Capital Markets cut their price objective on Entergy from $120.00 to $117.00 and set an “outperform” rating for the company in a report on Monday, July 8th. Finally, Morgan Stanley decreased their price objective on Entergy from $103.00 to $98.00 and set an “underweight” rating on the stock in a report on Monday, June 24th. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, Entergy has an average rating of “Moderate Buy” and a consensus target price of $113.42.

Insider Transactions at Entergy

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

Entergy Trading Up 0.7 %

Shares of ETR traded up $0.76 during mid-day trading on Monday, hitting $114.39. 1,364,187 shares of the company’s stock traded hands, compared to its average volume of 1,506,091. The business’s 50-day moving average price is $108.48 and its 200-day moving average price is $105.21. Entergy Co. has a 1 year low of $87.10 and a 1 year high of $114.87. The firm has a market capitalization of $24.43 billion, a P/E ratio of 11.48, a PEG ratio of 2.15 and a beta of 0.71. The company has a quick ratio of 0.45, a current ratio of 0.69 and a debt-to-equity ratio of 1.68.

Entergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 13th will be issued a $1.13 dividend. The ex-dividend date of this dividend is Tuesday, August 13th. This represents a $4.52 annualized dividend and a yield of 3.95%. 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.