247,250 Shares in Entergy Corporation (NYSE:ETR) Acquired by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC purchased a new stake in Entergy Corporation (NYSE:ETR) during the third quarter, Holdings Channel reports. The firm purchased 247,250 shares of the utilities provider’s stock, valued at approximately $32,541,000.

Other hedge funds have also recently bought and sold shares of the company. Iron Horse Wealth Management LLC acquired a new stake in shares of Entergy during the 2nd quarter worth about $25,000. Cetera Trust Company N.A bought a new stake in Entergy during the third quarter worth about $29,000. Fortitude Family Office LLC raised its stake in shares of Entergy by 423.8% in the third quarter. Fortitude Family Office LLC now owns 220 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 178 shares during the last quarter. American National Bank boosted its holdings in shares of Entergy by 93.7% in the 2nd quarter. American National Bank now owns 277 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 134 shares in the last quarter. Finally, Coastline Trust Co bought a new stake in Entergy during the 3rd quarter worth approximately $31,000. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Guggenheim boosted their price objective on Entergy from $145.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Barclays increased their price objective on shares of Entergy from $137.00 to $152.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Mizuho boosted their target price on shares of Entergy from $138.00 to $165.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. Wells Fargo & Company increased their price target on shares of Entergy from $137.00 to $170.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Finally, Scotiabank upped their price objective on 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 assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $150.42.

Entergy Stock Up 0.5 %

Shares of NYSE ETR opened at $150.71 on Thursday. The firm has a 50 day moving average price of $136.69 and a 200 day moving average price of $120.99. 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 has a market cap of $32.31 billion, a P/E ratio of 18.36, a P/E/G ratio of 2.50 and a beta of 0.71. Entergy Corporation has a 52-week low of $96.15 and a 52-week high of $156.85.

Entergy (NYSE:ETR) last posted its earnings results on Thursday, October 31st. The utilities provider reported $2.99 earnings per share 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 analyst estimates 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 previous year, the company posted $3.27 earnings per share. Analysts expect that Entergy Corporation will post 7.21 EPS for the current year.

Entergy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Wednesday, November 13th will be paid a $1.20 dividend. The ex-dividend date is Wednesday, November 13th. This is a positive change from Entergy’s previous quarterly dividend of $1.13. This represents a $4.80 dividend on an annualized basis and a yield of 3.18%. Entergy’s dividend payout ratio is presently 58.47%.

Insider Buying and Selling at Entergy

In other news, CEO Andrew S. Marsh sold 600 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $120.03, for a total transaction of $72,018.00. Following the sale, the chief executive officer now owns 150,731 shares in the company, valued at $18,092,241.93. This represents a 0.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, COO Peter S. Norgeot, Jr. sold 3,250 shares of the firm’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $122.56, for a total transaction of $398,320.00. Following the completion of the transaction, the chief operating officer now directly owns 34,993 shares of the company’s stock, valued at $4,288,742.08. This represents a 8.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 40,472 shares of company stock valued at $5,076,328 in the last 90 days. 0.39% of the stock is currently owned by company 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.