Entergy Co. (NYSE:ETR) Shares Acquired by Benjamin F. Edwards & Company Inc.

Benjamin F. Edwards & Company Inc. boosted its stake in Entergy Co. (NYSE:ETR) by 467.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,897 shares of the utilities provider’s stock after acquiring an additional 5,681 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Entergy were worth $698,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ETR. EverSource Wealth Advisors LLC lifted 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 purchasing an additional 165 shares during the period. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of Entergy in the third quarter valued at about $32,000. Fortis Group Advisors LLC acquired a new position in shares of Entergy during the third quarter worth about $32,000. CVA Family Office LLC purchased a new position in Entergy during the fourth quarter worth about $41,000. Finally, Millburn Ridgefield Corp acquired a new stake in Entergy in the third quarter valued at about $43,000. 88.07% of the stock is owned by hedge funds and other institutional investors.

Entergy Price Performance

ETR stock opened at $110.58 on Wednesday. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.45 and a current ratio of 0.69. The stock’s 50 day moving average price is $104.40 and its 200 day moving average price is $101.44. The firm has a market cap of $23.61 billion, a P/E ratio of 11.09, a PEG ratio of 2.01 and a beta of 0.69. Entergy Co. has a 1 year low of $87.10 and a 1 year high of $110.72.

Entergy (NYSE:ETR) last posted its quarterly earnings data on Wednesday, April 24th. The utilities provider reported $1.08 EPS for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.36). Entergy had a net margin of 17.75% and a return on equity of 10.20%. The company had revenue of $31.17 billion for the quarter, compared to analyst estimates of $3.16 billion. During the same period in the previous year, the business earned $1.14 EPS. The firm’s revenue was down .5% on a year-over-year basis. On average, sell-side analysts expect that Entergy Co. will post 7.22 earnings per share for the current fiscal year.

Entergy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Thursday, May 2nd will be paid a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 4.09%. The ex-dividend date is Wednesday, May 1st. Entergy’s payout ratio is 45.34%.

Analyst Ratings Changes

Several research firms have issued reports on ETR. Scotiabank dropped their target price on Entergy from $111.00 to $104.00 and set a “sector perform” rating on the stock in a research report on Monday, April 22nd. Royal Bank of Canada reissued an “outperform” rating and issued a $117.00 target price on shares of Entergy in a report on Monday, February 26th. KeyCorp boosted their target price on shares of Entergy from $108.00 to $112.00 and gave the stock an “overweight” rating in a research report on Friday, April 19th. BMO Capital Markets increased their price target on shares of Entergy from $110.00 to $113.00 and gave the company an “outperform” rating in a report on Monday, February 26th. Finally, Barclays decreased their price objective on shares of Entergy from $108.00 to $107.00 and set an “equal weight” rating on the stock in a report on Monday, April 15th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Entergy currently has an average rating of “Moderate Buy” and an average price target of $109.45.

Insider Buying and Selling

In other Entergy news, EVP Kimberly Cook-Nelson sold 2,000 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $100.35, for a total transaction of $200,700.00. Following the transaction, the executive vice president now owns 16,037 shares of the company’s stock, valued at approximately $1,609,312.95. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CAO Reginald T. Jackson sold 9,229 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief accounting officer now directly owns 2,166 shares in the company, valued at $235,465.86. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Kimberly Cook-Nelson sold 2,000 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $100.35, for a total transaction of $200,700.00. Following the transaction, the executive vice president now directly owns 16,037 shares in the company, valued at approximately $1,609,312.95. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,229 shares of company stock worth $2,229,970. 0.54% of the stock is owned by insiders.

Entergy 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.