Entergy Co. (NYSE:ETR) Shares Sold by F M Investments LLC

F M Investments LLC lowered its position in shares of Entergy Co. (NYSE:ETR) by 10.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,017 shares of the utilities provider’s stock after selling 1,467 shares during the period. F M Investments LLC’s holdings in Entergy were worth $1,717,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of Entergy by 0.4% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 511,645 shares of the utilities provider’s stock worth $54,071,000 after purchasing an additional 1,992 shares during the period. Norden Group LLC purchased a new position in shares of Entergy during the first quarter worth $204,000. Private Advisor Group LLC boosted its holdings in Entergy by 32.1% during the 1st quarter. Private Advisor Group LLC now owns 6,195 shares of the utilities provider’s stock valued at $655,000 after acquiring an additional 1,505 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in Entergy by 4.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 38,366 shares of the utilities provider’s stock worth $4,042,000 after purchasing an additional 1,634 shares during the period. Finally, BNP Paribas Financial Markets boosted its stake in shares of Entergy by 49.3% in the first quarter. BNP Paribas Financial Markets now owns 238,527 shares of the utilities provider’s stock valued at $25,208,000 after purchasing an additional 78,805 shares during the period. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Entergy Stock Performance

Shares of ETR stock opened at $144.79 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.62 and a debt-to-equity ratio of 1.77. Entergy Co. has a 12-month low of $94.85 and a 12-month high of $156.85. The company has a market cap of $30.96 billion, a price-to-earnings ratio of 17.64, a price-to-earnings-growth ratio of 2.93 and a beta of 0.71. The stock has a 50 day simple moving average of $129.72 and a 200-day simple moving average of $117.23.

Entergy (NYSE:ETR) last issued its earnings results on Thursday, October 31st. The utilities provider reported $2.99 EPS for the quarter, topping the consensus estimate of $2.91 by $0.08. Entergy had a net margin of 14.83% and a return on equity of 9.53%. The company had revenue of $3.39 billion for the quarter, compared to analyst estimates of $3.46 billion. During the same period in the previous year, the firm earned $3.27 EPS. On average, equities analysts forecast that Entergy Co. will post 7.21 EPS for the current year.

Entergy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Wednesday, November 13th will be given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 3.32%. This is an increase from Entergy’s previous quarterly dividend of $1.13. The ex-dividend date is Wednesday, November 13th. Entergy’s payout ratio is presently 55.05%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on ETR shares. BMO Capital Markets boosted their price target on shares of Entergy from $146.00 to $166.00 and gave the stock an “outperform” rating in a research note on Friday. Guggenheim upped their price target on Entergy from $145.00 to $165.00 and gave the stock a “buy” rating in a report on Friday. Bank of America upped their target price on shares of Entergy from $135.00 to $138.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th. StockNews.com downgraded shares of Entergy from a “hold” rating to a “sell” rating in a research note on Friday. Finally, UBS Group increased their price objective on shares of Entergy from $143.00 to $144.00 and gave the company a “buy” rating in a research report on Friday, September 20th. Two analysts have rated the stock with a sell rating, two have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Entergy presently has a consensus rating of “Moderate Buy” and an average price target of $141.96.

Insider Activity

In other news, CEO Andrew S. Marsh sold 3,200 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $121.46, for a total value of $388,672.00. Following the sale, the chief executive officer now directly owns 150,731 shares in the company, valued at $18,307,787.26. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Andrew S. Marsh sold 19,200 shares of Entergy stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $120.35, for a total transaction of $2,310,720.00. Following the completion of the sale, the chief executive officer now owns 150,731 shares in the company, valued at approximately $18,140,475.85. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Andrew S. Marsh sold 3,200 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $121.46, for a total transaction of $388,672.00. Following the completion of the transaction, the chief executive officer now owns 150,731 shares in the company, valued at approximately $18,307,787.26. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 50,810 shares of company stock worth $6,140,626 over the last 90 days. 0.39% of the stock is currently owned by corporate 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.