Raymond James & Associates Has $59.11 Million Stock Position in Entergy Co. (NYSE:ETR)

Raymond James & Associates reduced its position in shares of Entergy Co. (NYSE:ETR) by 6.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 584,104 shares of the utilities provider’s stock after selling 41,806 shares during the period. Raymond James & Associates owned approximately 0.28% of Entergy worth $59,105,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its holdings in shares of Entergy by 157.1% during the third quarter. EverSource Wealth Advisors LLC now owns 270 shares of the utilities provider’s stock worth $25,000 after buying an additional 165 shares in the last quarter. Fairfield Bush & CO. bought a new stake in Entergy during the first quarter valued at $29,000. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Entergy during the 3rd quarter worth about $32,000. Fortis Group Advisors LLC bought a new position in shares of Entergy during the 3rd quarter worth about $32,000. Finally, Harbour Investments Inc. raised its holdings in shares of Entergy by 17,550.0% in the 3rd quarter. Harbour Investments Inc. now owns 353 shares of the utilities provider’s stock worth $33,000 after acquiring an additional 351 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. BMO Capital Markets increased their price objective on shares of Entergy from $110.00 to $113.00 and gave the company an “outperform” rating in a research note on Monday, February 26th. Royal Bank of Canada reissued an “outperform” rating and set a $117.00 target price on shares of Entergy in a research report on Monday, February 26th. Barclays raised their price objective on shares of Entergy from $105.00 to $108.00 and gave the stock an “equal weight” rating in a report on Thursday, March 14th. Finally, JPMorgan Chase & Co. raised their price target on shares of Entergy from $117.00 to $121.00 and gave the company an “overweight” rating in a report on Friday, December 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $111.09.

Entergy Stock Performance

Entergy stock opened at $104.88 on Thursday. The stock has a market cap of $22.36 billion, a P/E ratio of 9.46, a price-to-earnings-growth ratio of 2.04 and a beta of 0.70. The firm’s fifty day moving average price is $100.76 and its 200-day moving average price is $99.09. Entergy Co. has a fifty-two week low of $87.10 and a fifty-two week high of $111.90. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.32 and a current ratio of 0.57.

Entergy (NYSE:ETR) last issued its earnings results on Thursday, February 22nd. The utilities provider reported $0.52 EPS for the quarter, hitting analysts’ consensus estimates of $0.52. The company had revenue of $2.72 billion for the quarter, compared to analysts’ expectations of $3.27 billion. Entergy had a net margin of 19.41% and a return on equity of 10.54%. During the same quarter last year, the company earned $0.51 EPS. On average, equities research analysts expect that Entergy Co. will post 7.22 earnings per share for the current fiscal year.

Entergy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 9th were given a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 4.31%. The ex-dividend date of this dividend was Thursday, February 8th. Entergy’s payout ratio is presently 40.76%.

Insider Buying and Selling at Entergy

In other Entergy news, insider Deanna D. Rodriguez sold 1,500 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $101.23, for a total value of $151,845.00. Following the transaction, the insider now owns 3,442 shares in the company, valued at $348,433.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Deanna D. Rodriguez sold 1,500 shares of Entergy stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $101.23, for a total transaction of $151,845.00. Following the sale, the insider now owns 3,442 shares of the company’s stock, valued at approximately $348,433.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Marcus V. Brown sold 8,500 shares of Entergy stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $102.84, for a total transaction of $874,140.00. Following the sale, the executive vice president now directly owns 9,911 shares in the company, valued at approximately $1,019,247.24. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,000 shares of company stock worth $1,226,685. 0.37% of the stock is currently owned by company insiders.

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.