Natixis Advisors LLC Has $30.26 Million Position in Entergy Co. (NYSE:ETR)

Natixis Advisors LLC increased its position in Entergy Co. (NYSE:ETR) by 14.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 229,939 shares of the utilities provider’s stock after buying an additional 29,558 shares during the period. Natixis Advisors LLC’s holdings in Entergy were worth $30,262,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. OneDigital Investment Advisors LLC increased its holdings in Entergy by 2.1% in the third quarter. OneDigital Investment Advisors LLC now owns 3,427 shares of the utilities provider’s stock worth $451,000 after buying an additional 69 shares during the last quarter. Bank & Trust Co increased its holdings in Entergy by 12.8% in the third quarter. Bank & Trust Co now owns 795 shares of the utilities provider’s stock worth $105,000 after buying an additional 90 shares during the last quarter. Prossimo Advisors LLC increased its holdings in Entergy by 1.5% in the third quarter. Prossimo Advisors LLC now owns 5,971 shares of the utilities provider’s stock worth $786,000 after buying an additional 90 shares during the last quarter. HBK Sorce Advisory LLC increased its holdings in Entergy by 2.3% in the second quarter. HBK Sorce Advisory LLC now owns 4,075 shares of the utilities provider’s stock worth $436,000 after buying an additional 92 shares during the last quarter. Finally, Alliance Wealth Advisors LLC increased its holdings in Entergy by 3.7% in the third quarter. Alliance Wealth Advisors LLC now owns 2,591 shares of the utilities provider’s stock worth $341,000 after buying an additional 92 shares during the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Entergy Stock Up 1.4 %

ETR opened at $149.12 on Monday. Entergy Co. has a 1-year low of $96.15 and a 1-year high of $156.85. The company has a current ratio of 0.89, a quick ratio of 0.59 and a debt-to-equity ratio of 1.77. The stock has a market capitalization of $31.97 billion, a price-to-earnings ratio of 18.16, a P/E/G ratio of 2.49 and a beta of 0.71. The business has a 50 day moving average of $135.02 and a 200-day moving average of $120.19.

Entergy (NYSE:ETR) last posted its quarterly earnings data on Thursday, October 31st. The utilities provider reported $2.99 earnings per share for the quarter, beating the consensus estimate of $2.91 by $0.08. The company 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 period in the prior year, the business earned $3.27 earnings per share. As a group, sell-side analysts anticipate that Entergy Co. will post 7.21 earnings per share for the current year.

Entergy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Wednesday, November 13th will be given 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 3.22%. The ex-dividend date is Wednesday, November 13th. Entergy’s dividend payout ratio (DPR) is 58.47%.

Insider Buying and Selling

In related news, insider Eliecer Viamontes sold 5,166 shares of the firm’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $120.00, for a total value of $619,920.00. Following the completion of the transaction, the insider now directly owns 5,117 shares of the company’s stock, valued at $614,040. This trade represents a 50.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Andrew S. Marsh sold 600 shares of the firm’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $120.03, for a total value of $72,018.00. Following the completion of the transaction, the chief executive officer now directly owns 150,731 shares of the company’s stock, valued at approximately $18,092,241.93. This trade represents a 0.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 40,472 shares of company stock valued at $5,076,328 over the last ninety days. 0.39% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. UBS Group increased their price objective on Entergy from $143.00 to $144.00 and gave the stock a “buy” rating in a report on Friday, September 20th. Wells Fargo & Company upped their target price on Entergy from $137.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Royal Bank of Canada upped their target price on Entergy from $137.00 to $140.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Morgan Stanley raised Entergy from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $116.00 to $150.00 in a research report on Monday, November 4th. Finally, KeyCorp upped their target price on Entergy from $143.00 to $162.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Five equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $150.96.

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.