Entergy Corporation (NYSE:ETR) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its holdings in Entergy Corporation (NYSE:ETR) by 1.0% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 1,340,352 shares of the utilities provider’s stock after buying an additional 13,348 shares during the period. Charles Schwab Investment Management Inc. owned 0.63% of Entergy worth $176,404,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Iron Horse Wealth Management LLC purchased a new stake in Entergy during the 2nd quarter valued at approximately $25,000. Cetera Trust Company N.A acquired a new stake in shares of Entergy during the third quarter worth $29,000. Fortitude Family Office LLC grew its position in Entergy by 423.8% in the 3rd 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 last quarter. American National Bank increased its stake in Entergy by 93.7% in the 2nd quarter. American National Bank now owns 277 shares of the utilities provider’s stock valued at $30,000 after buying an additional 134 shares during the period. Finally, Coastline Trust Co purchased a new position in Entergy during the 3rd quarter worth $31,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

Analyst Upgrades and Downgrades

ETR has been the topic of several analyst reports. Bank of America downgraded shares of Entergy from a “buy” rating to a “neutral” rating and lifted their target price for the company from $138.00 to $154.00 in a report on Monday, November 4th. StockNews.com raised Entergy from a “sell” rating to a “hold” rating in a report on Saturday, November 9th. Scotiabank increased their target price on Entergy from $119.00 to $144.00 and gave the stock a “sector perform” rating in a research note on Friday, November 1st. Guggenheim lifted their price target on Entergy from $145.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Mizuho increased their price objective on Entergy from $138.00 to $165.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. Five analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $150.42.

Entergy Price Performance

ETR stock opened at $151.06 on Friday. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.59 and a current ratio of 0.89. The stock’s 50 day moving average price is $137.74 and its 200 day moving average price is $121.57. The firm has a market cap of $32.39 billion, a P/E ratio of 18.40, a PEG ratio of 2.53 and a beta of 0.71. Entergy Corporation has a 1 year low of $96.15 and a 1 year high of $156.85.

Entergy (NYSE:ETR) last posted its quarterly earnings data on Thursday, October 31st. The utilities provider reported $2.99 EPS for the quarter, topping analysts’ consensus estimates of $2.91 by $0.08. The firm had revenue of $3.39 billion during the quarter, compared to analysts’ expectations of $3.46 billion. Entergy had a return on equity of 9.53% and a net margin of 14.83%. During the same quarter last year, the business posted $3.27 EPS. On average, sell-side analysts expect that Entergy Corporation will post 7.21 earnings per share for the current fiscal 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 paid a $1.20 dividend. This is a boost from Entergy’s previous quarterly dividend of $1.13. This represents a $4.80 annualized dividend and a yield of 3.18%. The ex-dividend date of this dividend is Wednesday, November 13th. Entergy’s payout ratio is presently 58.47%.

Insider Buying and Selling at Entergy

In other news, COO Peter S. Norgeot, Jr. sold 3,250 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $122.56, for a total transaction of $398,320.00. Following the transaction, the chief operating officer now directly owns 34,993 shares in the company, valued at $4,288,742.08. This represents a 8.50 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Andrew S. Marsh sold 600 shares of the business’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 transaction of $72,018.00. Following the completion of the sale, the chief executive officer now owns 150,731 shares of the company’s stock, valued at approximately $18,092,241.93. The trade was a 0.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 40,472 shares of company stock worth $5,076,328. Insiders own 0.39% of the company’s stock.

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.