Oxbow Advisors LLC Has $4.60 Million Stock Position in Entergy Co. (NYSE:ETR)

Oxbow Advisors LLC boosted its position in shares of Entergy Co. (NYSE:ETR) by 1.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 42,979 shares of the utilities provider’s stock after purchasing an additional 761 shares during the period. Oxbow Advisors LLC’s holdings in Entergy were worth $4,599,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fisher Asset Management LLC boosted its holdings in shares of Entergy by 32.9% in the 4th quarter. Fisher Asset Management LLC now owns 2,978 shares of the utilities provider’s stock worth $301,000 after acquiring an additional 737 shares in the last quarter. Apollon Wealth Management LLC acquired a new position in Entergy in the fourth quarter worth $214,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Entergy by 3.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,252,719 shares of the utilities provider’s stock worth $126,763,000 after purchasing an additional 35,930 shares during the last quarter. Wealthspire Advisors LLC increased its stake in shares of Entergy by 10.4% in the fourth quarter. Wealthspire Advisors LLC now owns 3,883 shares of the utilities provider’s stock valued at $393,000 after buying an additional 367 shares in the last quarter. Finally, Principal Securities Inc. bought a new position in shares of Entergy in the fourth quarter valued at about $137,000. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Eliecer Viamontes sold 5,166 shares of the stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $120.00, for a total transaction of $619,920.00. Following the completion of the sale, the insider now directly owns 5,117 shares of the company’s stock, valued at approximately $614,040. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CEO Andrew S. Marsh sold 600 shares of the company’s stock in a transaction dated 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 directly owns 150,731 shares of the company’s stock, valued at $18,092,241.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Eliecer Viamontes sold 5,166 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $120.00, for a total value of $619,920.00. Following the completion of the sale, the insider now owns 5,117 shares in the company, valued at approximately $614,040. The disclosure for this sale can be found here. Insiders have sold 39,638 shares of company stock worth $4,712,446 in the last 90 days. Corporate insiders own 0.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on ETR shares. Mizuho raised their price objective on shares of Entergy from $107.00 to $114.00 and gave the company a “buy” rating in a research report on Friday, May 31st. LADENBURG THALM/SH SH reissued a “neutral” rating and issued a $109.50 price target (down previously from $117.00) on shares of Entergy in a report on Wednesday, June 12th. Bank of America upped their price objective on Entergy from $135.00 to $138.00 and gave the stock a “buy” rating in a report on Thursday, August 29th. KeyCorp lifted their target price on Entergy from $112.00 to $123.00 and gave the company an “overweight” rating in a research note on Monday, May 20th. Finally, Argus raised Entergy to a “strong-buy” rating in a research note on Wednesday, August 28th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $123.04.

Entergy Trading Down 0.3 %

Entergy stock traded down $0.41 during midday trading on Friday, hitting $121.90. 1,523,795 shares of the stock were exchanged, compared to its average volume of 1,521,238. The stock has a market capitalization of $26.03 billion, a PE ratio of 12.23, a P/E/G ratio of 2.28 and a beta of 0.71. The company has a fifty day simple moving average of $114.55 and a two-hundred day simple moving average of $109.08. The company has a quick ratio of 0.62, a current ratio of 0.94 and a debt-to-equity ratio of 1.81. Entergy Co. has a 52 week low of $87.10 and a 52 week high of $123.73.

Entergy (NYSE:ETR) last announced its quarterly earnings results on Thursday, August 1st. The utilities provider reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.16. The company had revenue of $2.95 billion during the quarter, compared to analyst estimates of $2.98 billion. Entergy had a net margin of 14.75% and a return on equity of 10.10%. During the same quarter in the previous year, the business earned $1.84 EPS. Equities research analysts anticipate that Entergy Co. will post 7.2 EPS for the current fiscal year.

Entergy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Tuesday, August 13th were given a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date was Tuesday, August 13th. Entergy’s dividend payout ratio is currently 45.34%.

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.