International Private Wealth Advisors LLC Sells 216 Shares of Entergy Co. (NYSE:ETR)

International Private Wealth Advisors LLC lowered its stake in shares of Entergy Co. (NYSE:ETR) by 6.5% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,125 shares of the utilities provider’s stock after selling 216 shares during the quarter. International Private Wealth Advisors LLC’s holdings in Entergy were worth $411,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Fortitude Family Office LLC grew its position in Entergy by 423.8% during the third quarter. Fortitude Family Office LLC now owns 220 shares of the utilities provider’s stock valued at $29,000 after buying an additional 178 shares during the period. Cetera Trust Company N.A bought a new position in Entergy during the third quarter worth about $29,000. Iron Horse Wealth Management LLC bought a new position in Entergy during the second quarter worth about $25,000. American National Bank boosted its position in Entergy by 93.7% during the second quarter. American National Bank now owns 277 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 134 shares during the period. Finally, TruNorth Capital Management LLC bought a new position in Entergy during the second quarter worth about $32,000. Institutional investors own 88.07% of the company’s stock.

Entergy Price Performance

ETR traded up $0.45 on Thursday, reaching $148.06. The company had a trading volume of 171,227 shares, compared to its average volume of 1,604,808. The business has a 50 day simple moving average of $133.98 and a 200 day simple moving average of $119.52. The company has a market cap of $31.75 billion, a price-to-earnings ratio of 17.98, a P/E/G ratio of 2.49 and a beta of 0.71. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.59 and a current ratio of 0.89. Entergy Co. has a 52-week low of $96.15 and a 52-week high of $156.85.

Entergy (NYSE:ETR) last posted its quarterly 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. The firm had revenue of $3.39 billion for the quarter, compared to the consensus estimate of $3.46 billion. Entergy had a net margin of 14.83% and a return on equity of 9.53%. During the same period last year, the firm posted $3.27 earnings per share. As a group, sell-side analysts anticipate that Entergy Co. will post 7.21 EPS for the current year.

Entergy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Wednesday, November 13th will be paid a dividend of $1.20 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This is an increase from Entergy’s previous quarterly dividend of $1.13. This represents a $4.80 annualized dividend and a dividend yield of 3.24%. Entergy’s dividend payout ratio (DPR) is 58.47%.

Insiders Place Their Bets

In other Entergy news, insider Haley Fisackerly sold 4,134 shares of Entergy stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $149.03, for a total transaction of $616,090.02. Following the transaction, the insider now directly owns 2,016 shares of the company’s stock, valued at approximately $300,444.48. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Andrew S. Marsh sold 600 shares of the firm’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $120.03, for a total value of $72,018.00. Following the transaction, the chief executive officer now owns 150,731 shares in the company, valued at approximately $18,092,241.93. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Haley Fisackerly sold 4,134 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $149.03, for a total transaction of $616,090.02. Following the completion of the transaction, the insider now owns 2,016 shares in the company, valued at $300,444.48. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 40,472 shares of company stock valued at $5,076,328. 0.39% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on ETR shares. UBS Group increased their target price on shares of Entergy from $143.00 to $144.00 and gave the stock a “buy” rating in a research report on Friday, September 20th. Wells Fargo & Company increased their target price on shares of Entergy from $137.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Guggenheim increased their price target on shares of Entergy from $145.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Morgan Stanley raised shares of Entergy from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $116.00 to $150.00 in a report on Monday, November 4th. Finally, Scotiabank increased their price target on shares of Entergy from $119.00 to $144.00 and gave the stock a “sector perform” rating in a report on Friday, November 1st. Five research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $150.96.

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.