Phillips Wealth Planners LLC Makes New Investment in Entergy Co. (NYSE:ETR)

Phillips Wealth Planners LLC bought a new stake in Entergy Co. (NYSE:ETR) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,631 shares of the utilities provider’s stock, valued at approximately $219,000.

Other large investors also recently made changes to their positions in the company. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of Entergy by 0.4% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 511,645 shares of the utilities provider’s stock valued at $54,071,000 after acquiring an additional 1,992 shares in the last quarter. Norden Group LLC bought a new position in Entergy during the first quarter valued at about $204,000. Private Advisor Group LLC increased its holdings in Entergy by 32.1% during the first quarter. Private Advisor Group LLC now owns 6,195 shares of the utilities provider’s stock worth $655,000 after buying an additional 1,505 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Entergy by 4.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 38,366 shares of the utilities provider’s stock valued at $4,042,000 after acquiring an additional 1,634 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its position in shares of Entergy by 49.3% during the 1st quarter. BNP Paribas Financial Markets now owns 238,527 shares of the utilities provider’s stock valued at $25,208,000 after acquiring an additional 78,805 shares during the period. 88.07% of the stock is owned by institutional investors.

Entergy Trading Down 6.5 %

Shares of ETR opened at $144.79 on Friday. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.94 and a quick ratio of 0.62. Entergy Co. has a 1-year low of $94.85 and a 1-year high of $156.85. The company has a market capitalization of $30.96 billion, a P/E ratio of 17.64, a P/E/G ratio of 2.54 and a beta of 0.74. The firm’s 50 day simple moving average is $129.72 and its 200 day simple moving average is $117.12.

Entergy (NYSE:ETR) last announced its earnings results on Thursday, October 31st. The utilities provider reported $2.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.91 by $0.08. Entergy had a net margin of 14.75% and a return on equity of 10.10%. The company had revenue of $3.39 billion during the quarter, compared to analyst estimates of $3.46 billion. During the same period in the previous year, the business earned $3.27 earnings per share. Sell-side analysts forecast that Entergy Co. will post 7.21 earnings per share for the current fiscal year.

Entergy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Wednesday, November 13th will be given a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date of this dividend is Wednesday, November 13th. This is a boost from Entergy’s previous quarterly dividend of $1.13. Entergy’s dividend payout ratio (DPR) is presently 58.47%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on ETR shares. JPMorgan Chase & Co. upped their price objective on Entergy from $131.00 to $141.00 and gave the company an “overweight” rating in a research note on Monday, August 12th. BMO Capital Markets lifted their price objective on Entergy from $146.00 to $166.00 and gave the stock an “outperform” rating in a report on Friday. Royal Bank of Canada upped their price objective on shares of Entergy from $137.00 to $140.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Argus upgraded shares of Entergy to a “strong-buy” rating in a research report on Wednesday, August 28th. Finally, Scotiabank boosted their price target on shares of Entergy from $119.00 to $144.00 and gave the company a “sector perform” rating in a research report on Friday. Two research analysts have rated the stock with a sell rating, two have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $141.96.

Insiders Place Their Bets

In related news, COO Peter S. Norgeot, Jr. sold 11,472 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $115.16, for a total transaction of $1,321,115.52. Following the transaction, the chief operating officer now directly owns 37,888 shares in the company, valued at $4,363,182.08. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Entergy news, CEO Andrew S. Marsh sold 600 shares of the firm’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $120.03, for a total transaction of $72,018.00. Following the completion of the transaction, the chief executive officer now owns 150,731 shares of the company’s stock, valued at approximately $18,092,241.93. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Peter S. Norgeot, Jr. sold 11,472 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $115.16, for a total transaction of $1,321,115.52. Following the transaction, the chief operating officer now directly owns 37,888 shares of the company’s stock, valued at $4,363,182.08. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 50,810 shares of company stock valued at $6,140,626 over the last three months. 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.