Foster & Motley Inc. Reduces Stake in Entergy Co. (NYSE:ETR)

Foster & Motley Inc. trimmed its position in shares of Entergy Co. (NYSE:ETR) by 1.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 10,166 shares of the utilities provider’s stock after selling 165 shares during the quarter. Foster & Motley Inc.’s holdings in Entergy were worth $1,088,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of ETR. Iron Horse Wealth Management LLC purchased a new stake in shares of Entergy in the 2nd quarter worth about $25,000. Tidemark LLC purchased a new stake in shares of Entergy in the fourth quarter valued at about $25,000. Heritage Wealth Advisors lifted its holdings in shares of Entergy by 2,172.7% in the first quarter. Heritage Wealth Advisors now owns 250 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 239 shares in the last quarter. American National Bank increased its stake in shares of Entergy by 93.7% during the 2nd quarter. American National Bank now owns 277 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 134 shares in the last quarter. Finally, TruNorth Capital Management LLC acquired a new position in shares of Entergy during the 2nd quarter worth approximately $32,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

Insider Buying and Selling at Entergy

In other news, CEO Andrew S. Marsh sold 3,200 shares of the firm’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $121.46, for a total value of $388,672.00. Following the transaction, the chief executive officer now owns 150,731 shares of the company’s stock, valued at approximately $18,307,787.26. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO Andrew S. Marsh sold 3,200 shares of the company’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $121.46, for a total value of $388,672.00. Following the completion of the sale, the chief executive officer now owns 150,731 shares of the company’s stock, valued at $18,307,787.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Eliecer Viamontes sold 5,166 shares of the firm’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $120.00, for a total value of $619,920.00. Following the sale, the insider now owns 5,117 shares in the company, valued at $614,040. The disclosure for this sale can be found here. Insiders have sold a total of 39,638 shares of company stock valued at $4,712,446 over the last ninety days. Corporate insiders own 0.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. raised their price target on Entergy from $131.00 to $141.00 and gave the stock an “overweight” rating in a research report on Monday, August 12th. KeyCorp lifted their price objective on Entergy from $112.00 to $123.00 and gave the stock an “overweight” rating in a research report on Monday, May 20th. Mizuho upped their target price on shares of Entergy from $107.00 to $114.00 and gave the company a “buy” rating in a report on Friday, May 31st. Scotiabank lifted their price target on shares of Entergy from $115.00 to $119.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 20th. Finally, Morgan Stanley upped their price objective on shares of Entergy from $100.00 to $109.00 and gave the company an “underweight” rating in a research note on Friday, August 23rd. One analyst has rated the stock with a sell rating, four have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Entergy currently has a consensus rating of “Moderate Buy” and an average target price of $123.04.

Entergy Stock Down 0.2 %

Shares of NYSE ETR opened at $122.29 on Friday. The company has a quick ratio of 0.62, a current ratio of 0.94 and a debt-to-equity ratio of 1.81. The stock has a market capitalization of $26.11 billion, a PE ratio of 12.27, a P/E/G ratio of 2.28 and a beta of 0.71. The firm has a fifty day moving average of $114.25 and a 200-day moving average of $108.93. Entergy Co. has a 52-week low of $87.10 and a 52-week high of $123.73.

Entergy (NYSE:ETR) last announced its quarterly earnings results on Thursday, August 1st. The utilities provider reported $1.92 EPS for the quarter, topping the consensus estimate of $1.76 by $0.16. The company had revenue of $2.95 billion during the quarter, compared to analyst estimates of $2.98 billion. Entergy had a return on equity of 10.10% and a net margin of 14.75%. During the same period in the prior year, the firm posted $1.84 earnings per share. On average, analysts anticipate that Entergy Co. will post 7.2 EPS for the current year.

Entergy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 13th were given a dividend of $1.13 per share. The ex-dividend date was Tuesday, August 13th. This represents a $4.52 dividend on an annualized basis and a yield of 3.70%. Entergy’s dividend payout ratio (DPR) is 45.34%.

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.