SageView Advisory Group LLC Has $774,000 Stake in Entergy Co. (NYSE:ETR)

SageView Advisory Group LLC decreased its holdings in shares of Entergy Co. (NYSE:ETR) by 3.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,327 shares of the utilities provider’s stock after selling 248 shares during the quarter. SageView Advisory Group LLC’s holdings in Entergy were worth $774,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of ETR. Tidemark LLC bought a new position in Entergy during the 4th quarter worth approximately $25,000. Heritage Wealth Advisors boosted its stake in Entergy by 2,172.7% during the 1st quarter. Heritage Wealth Advisors now owns 250 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 239 shares during the last quarter. OLD Point Trust & Financial Services N A bought a new position in Entergy during the 4th quarter worth approximately $35,000. Newbridge Financial Services Group Inc. boosted its stake in Entergy by 40.0% during the 1st quarter. Newbridge Financial Services Group Inc. now owns 385 shares of the utilities provider’s stock worth $41,000 after acquiring an additional 110 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its stake in Entergy by 134.3% during the 1st quarter. Venturi Wealth Management LLC now owns 396 shares of the utilities provider’s stock worth $42,000 after acquiring an additional 227 shares during the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Entergy Stock Performance

Shares of Entergy stock traded down $0.48 during trading on Friday, reaching $110.25. The company’s stock had a trading volume of 348,581 shares, compared to its average volume of 1,517,535. The business’s 50-day moving average price is $108.59 and its 200-day moving average price is $104.85. The firm has a market cap of $23.54 billion, a PE ratio of 11.09, a P/E/G ratio of 2.09 and a beta of 0.71. Entergy Co. has a 52 week low of $87.10 and a 52 week high of $114.28. The company has a quick ratio of 0.45, a current ratio of 0.69 and a debt-to-equity ratio of 1.68.

Entergy (NYSE:ETR) last announced its earnings results on Wednesday, April 24th. The utilities provider reported $1.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.36). Entergy had a net margin of 17.75% and a return on equity of 10.20%. The business had revenue of $31.17 billion during the quarter, compared to the consensus estimate of $3.16 billion. During the same period in the previous year, the firm posted $1.14 EPS. The company’s revenue was down .5% compared to the same quarter last year. Equities analysts forecast that Entergy Co. will post 7.22 earnings per share for the current year.

Insider Activity at Entergy

In related news, CAO Reginald T. Jackson sold 9,229 shares of the business’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $108.71, for a total transaction of $1,003,284.59. Following the sale, the chief accounting officer now owns 2,166 shares in the company, valued at approximately $235,465.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Entergy news, CAO Reginald T. Jackson sold 9,229 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $108.71, for a total transaction of $1,003,284.59. Following the sale, the chief accounting officer now directly owns 2,166 shares of the company’s stock, valued at approximately $235,465.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Haley Fisackerly sold 1,500 shares of the company’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $110.23, for a total value of $165,345.00. Following the completion of the sale, the insider now owns 2,479 shares in the company, valued at approximately $273,260.17. The disclosure for this sale can be found here. 0.39% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on ETR shares. BMO Capital Markets reduced their price objective on shares of Entergy from $120.00 to $117.00 and set an “outperform” rating on the stock in a research note on Monday, July 8th. KeyCorp lifted their price target on shares of Entergy from $112.00 to $123.00 and gave the company an “overweight” rating in a research note on Monday, May 20th. Morgan Stanley cut their price target on shares of Entergy from $103.00 to $98.00 and set an “underweight” rating on the stock in a research note on Monday, June 24th. LADENBURG THALM/SH SH reaffirmed a “neutral” rating and issued a $109.50 price target (down previously from $117.00) on shares of Entergy in a research note on Wednesday, June 12th. Finally, Wells Fargo & Company lifted their price target on shares of Entergy from $122.00 to $125.00 and gave the company an “overweight” rating in a research note on Wednesday, June 5th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Entergy currently has an average rating of “Moderate Buy” and a consensus price target of $113.50.

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.