Entergy Co. (NYSE:ETR) Shares Acquired by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC boosted its stake in Entergy Co. (NYSE:ETR) by 19.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,871 shares of the utilities provider’s stock after acquiring an additional 471 shares during the period. Transcend Capital Advisors LLC’s holdings in Entergy were worth $307,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Tidemark LLC acquired a new position in shares of Entergy in the 4th quarter worth approximately $25,000. Heritage Wealth Advisors boosted its holdings in Entergy by 2,172.7% in 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 during the period. OLD Point Trust & Financial Services N A bought a new stake in Entergy during the fourth quarter valued at $35,000. Newbridge Financial Services Group Inc. increased its stake in Entergy by 40.0% during 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 during the last quarter. Finally, Venturi Wealth Management LLC raised its holdings in shares of Entergy by 134.3% during the first quarter. Venturi Wealth Management LLC now owns 396 shares of the utilities provider’s stock worth $42,000 after purchasing an additional 227 shares during the period. 88.07% of the stock is owned by institutional investors and hedge funds.

Entergy Stock Down 0.0 %

Shares of Entergy stock traded down $0.02 during midday trading on Friday, hitting $120.80. The company’s stock had a trading volume of 2,484,812 shares, compared to its average volume of 1,386,426. The firm has a market capitalization of $25.80 billion, a P/E ratio of 12.12, a PEG ratio of 2.29 and a beta of 0.71. Entergy Co. has a 1-year low of $87.10 and a 1-year high of $123.61. The company has a quick ratio of 0.45, a current ratio of 0.94 and a debt-to-equity ratio of 1.81. The stock has a 50-day simple moving average of $109.08 and a 200-day simple moving average of $105.71.

Entergy (NYSE:ETR) last released its earnings results on Thursday, August 1st. The utilities provider reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $0.16. Entergy had a return on equity of 10.10% and a net margin of 14.75%. The firm had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.98 billion. During the same quarter last year, the firm posted $1.84 EPS. As a group, sell-side analysts expect that Entergy Co. will post 7.21 earnings per share for the current year.

Entergy Announces Dividend

The firm also recently declared 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. This represents a $4.52 annualized dividend and a yield of 3.74%. The ex-dividend date of this dividend is Tuesday, August 13th. Entergy’s dividend payout ratio (DPR) is presently 45.34%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on ETR shares. Guggenheim boosted their price objective on Entergy from $118.00 to $128.00 and gave the company a “buy” rating in a research report on Friday. Scotiabank upped their price target on shares of Entergy from $104.00 to $115.00 and gave the stock a “sector perform” rating in a research report on Friday. Mizuho increased their price objective on shares of Entergy from $107.00 to $114.00 and gave the stock a “buy” rating in a report on Friday, May 31st. Wells Fargo & Company boosted their target price on shares of Entergy from $125.00 to $137.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Morgan Stanley dropped their price target on shares of Entergy from $103.00 to $98.00 and set an “underweight” rating on the stock in a research note on Monday, June 24th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $117.12.

Insider Buying and Selling at Entergy

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

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.