Alliance Wealth Advisors LLC Has $341,000 Stake in Entergy Co. (NYSE:ETR)

Alliance Wealth Advisors LLC raised its stake in Entergy Co. (NYSE:ETR) by 3.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,591 shares of the utilities provider’s stock after acquiring an additional 92 shares during the quarter. Alliance Wealth Advisors LLC’s holdings in Entergy were worth $341,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Bank & Trust Co grew its holdings in Entergy by 12.8% during the 3rd quarter. Bank & Trust Co now owns 795 shares of the utilities provider’s stock worth $105,000 after acquiring an additional 90 shares during the period. HBK Sorce Advisory LLC grew its stake in Entergy by 2.3% during the second quarter. HBK Sorce Advisory LLC now owns 4,075 shares of the utilities provider’s stock worth $436,000 after purchasing an additional 92 shares during the period. Quent Capital LLC increased its holdings in Entergy by 21.7% in the first quarter. Quent Capital LLC now owns 550 shares of the utilities provider’s stock worth $58,000 after purchasing an additional 98 shares in the last quarter. Delta Financial Advisors LLC lifted its stake in Entergy by 0.5% in the second quarter. Delta Financial Advisors LLC now owns 22,121 shares of the utilities provider’s stock valued at $2,367,000 after buying an additional 105 shares during the period. Finally, iA Global Asset Management Inc. boosted its holdings in shares of Entergy by 1.3% during the 1st quarter. iA Global Asset Management Inc. now owns 8,830 shares of the utilities provider’s stock worth $933,000 after buying an additional 114 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Entergy Trading Up 0.7 %

Shares of Entergy stock opened at $134.32 on Thursday. The company has a market capitalization of $28.68 billion, a P/E ratio of 13.47, a price-to-earnings-growth ratio of 2.46 and a beta of 0.74. The stock has a fifty day simple moving average of $124.96 and a 200 day simple moving average of $114.40. Entergy Co. has a 12-month low of $90.78 and a 12-month high of $134.63. The company has a current ratio of 0.94, a quick ratio of 0.62 and a debt-to-equity ratio of 1.81.

Entergy (NYSE:ETR) last posted its earnings results on Thursday, August 1st. The utilities provider reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.16. Entergy had a net margin of 14.75% and a return on equity of 10.10%. The firm had revenue of $2.95 billion during the quarter, compared to analyst estimates of $2.98 billion. During the same quarter in the prior year, the business posted $1.84 EPS. On average, sell-side analysts anticipate that Entergy Co. will post 7.22 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 13th were given a dividend of $1.13 per share. The ex-dividend date was Tuesday, August 13th. This represents a $4.52 annualized dividend and a dividend yield of 3.37%. Entergy’s dividend payout ratio is currently 45.34%.

Insider Transactions at Entergy

In related news, COO Peter S. Norgeot, Jr. sold 11,472 shares of the 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 completion of the sale, the chief operating officer now directly owns 37,888 shares of the company’s stock, valued at approximately $4,363,182.08. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, COO Peter S. Norgeot, Jr. sold 11,472 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief operating officer now owns 37,888 shares in the company, valued at approximately $4,363,182.08. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Andrew S. Marsh sold 19,200 shares of the business’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $120.35, for a total transaction of $2,310,720.00. Following the completion of the transaction, the chief executive officer now owns 150,731 shares in the company, valued at approximately $18,140,475.85. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 50,810 shares of company stock worth $6,140,626 in the last 90 days. Insiders own 0.39% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ETR. Wells Fargo & Company lifted their price objective on shares of Entergy from $125.00 to $137.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Morgan Stanley lifted their price target on shares of Entergy from $109.00 to $115.00 and gave the company an “underweight” rating in a research note on Wednesday, September 25th. KeyCorp increased their price objective on shares of Entergy from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Monday, September 30th. Scotiabank boosted their target price on Entergy from $115.00 to $119.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. Finally, Bank of America upped their price target on Entergy from $135.00 to $138.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Entergy currently has a consensus rating of “Moderate Buy” and an average price target of $130.96.

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.