Juncture Wealth Strategies LLC Grows Position in Entergy Co. (NYSE:ETR)

Juncture Wealth Strategies LLC grew its stake in shares of Entergy Co. (NYSE:ETR) by 15.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,855 shares of the utilities provider’s stock after buying an additional 799 shares during the period. Juncture Wealth Strategies LLC’s holdings in Entergy were worth $570,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Wetherby Asset Management Inc. boosted its holdings in shares of Entergy by 2.7% during the first quarter. Wetherby Asset Management Inc. now owns 3,269 shares of the utilities provider’s stock worth $382,000 after purchasing an additional 87 shares during the last quarter. Lake Street Financial LLC boosted its holdings in shares of Entergy by 4.7% during the first quarter. Lake Street Financial LLC now owns 2,097 shares of the utilities provider’s stock worth $226,000 after purchasing an additional 95 shares during the last quarter. Kentucky Retirement Systems boosted its holdings in shares of Entergy by 0.6% during the first quarter. Kentucky Retirement Systems now owns 16,089 shares of the utilities provider’s stock worth $1,733,000 after purchasing an additional 96 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings in shares of Entergy by 15.5% during the first quarter. Parkside Financial Bank & Trust now owns 739 shares of the utilities provider’s stock worth $86,000 after purchasing an additional 99 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its holdings in shares of Entergy by 0.8% during the first quarter. Louisiana State Employees Retirement System now owns 13,200 shares of the utilities provider’s stock worth $1,422,000 after purchasing an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 86.52% of the company’s stock.

Insider Activity at Entergy

In related news, EVP Marcus V. Brown sold 13,500 shares of the stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $95.40, for a total value of $1,287,900.00. Following the completion of the transaction, the executive vice president now owns 9,251 shares of the company’s stock, valued at $882,545.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.39% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

ETR has been the topic of several analyst reports. Barclays initiated coverage on Entergy in a report on Wednesday, August 23rd. They set an “equal weight” rating and a $98.00 price objective on the stock. JPMorgan Chase & Co. lifted their target price on Entergy from $121.00 to $124.00 and gave the company an “overweight” rating in a report on Thursday, August 17th. Royal Bank of Canada reduced their target price on Entergy from $126.00 to $117.00 and set an “outperform” rating on the stock in a report on Wednesday, September 6th. StockNews.com initiated coverage on Entergy in a report on Thursday, August 17th. They issued a “hold” rating on the stock. Finally, Guggenheim reduced their target price on Entergy from $124.00 to $110.00 in a report on Friday, July 7th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $113.50.

Entergy Stock Down 0.2 %

Shares of NYSE ETR traded down $0.21 on Monday, hitting $98.19. The company had a trading volume of 189,755 shares, compared to its average volume of 1,460,819. Entergy Co. has a 12-month low of $91.80 and a 12-month high of $120.78. The business has a 50 day moving average of $97.82 and a two-hundred day moving average of $101.46. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 1.84. The firm has a market capitalization of $20.76 billion, a P/E ratio of 15.00, a PEG ratio of 2.61 and a beta of 0.65.

Entergy (NYSE:ETR) last issued its earnings results on Wednesday, August 2nd. The utilities provider reported $1.84 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.15. Entergy had a return on equity of 10.22% and a net margin of 10.22%. The company had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $3.26 billion. During the same quarter in the prior year, the business earned $1.78 earnings per share. As a group, equities research analysts forecast that Entergy Co. will post 6.69 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Friday, August 11th were issued a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a yield of 4.36%. The ex-dividend date was Thursday, August 10th. Entergy’s dividend payout ratio is currently 65.24%.

About Entergy

Entergy Corporation, together with its subsidiaries, engages in the production and retail distribution of electricity in the United States. The company operates in two segments, Utility and Entergy Wholesale Commodities. The Utility segment 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.