Prime Capital Investment Advisors LLC Has $2.23 Million Position in Entergy Co. (NYSE:ETR)

Prime Capital Investment Advisors LLC grew its stake in shares of Entergy Co. (NYSE:ETR) by 2.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,952 shares of the utilities provider’s stock after acquiring an additional 336 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Entergy were worth $2,231,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Iron Horse Wealth Management LLC bought a new stake in Entergy in the second quarter worth $25,000. Cetera Trust Company N.A bought a new stake in Entergy during the third quarter valued at about $29,000. Fortitude Family Office LLC raised its position in shares of Entergy by 423.8% during the third 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 raised its position in shares of Entergy by 93.7% during the second 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 last quarter. Finally, TruNorth Capital Management LLC acquired a new position in shares of Entergy during the second quarter valued at about $32,000. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, COO Peter S. Norgeot, Jr. sold 3,250 shares of the stock in a transaction that occurred 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 sale, the chief operating officer now directly owns 34,993 shares of the company’s stock, valued at $4,288,742.08. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Entergy news, CEO Andrew S. Marsh sold 600 shares of the firm’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 value of $72,018.00. Following 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 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Peter S. Norgeot, Jr. sold 3,250 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at approximately $4,288,742.08. The trade was a 0.00 % 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 over the last three months. 0.39% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on ETR shares. Scotiabank increased their price target on shares of Entergy from $119.00 to $144.00 and gave the stock a “sector perform” rating in a research report on Friday, November 1st. Bank of America lowered shares of Entergy from a “buy” rating to a “neutral” rating and increased their price target for the stock from $138.00 to $154.00 in a research report on Monday, November 4th. UBS Group increased their price target on shares of Entergy from $143.00 to $144.00 and gave the stock a “buy” rating in a research report on Friday, September 20th. Wells Fargo & Company increased their price target on shares of Entergy from $137.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Finally, KeyCorp increased their price target on shares of Entergy from $143.00 to $162.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Five 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. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $150.96.

Entergy Stock Performance

NYSE ETR opened at $147.61 on Thursday. 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 company has a 50 day moving average of $133.48 and a 200-day moving average of $119.33. The firm has a market cap of $31.65 billion, a price-to-earnings ratio of 17.98, a PEG ratio of 2.49 and a beta of 0.71.

Entergy (NYSE:ETR) last released its quarterly earnings results on Thursday, October 31st. The utilities provider reported $2.99 EPS for the quarter, beating the consensus estimate of $2.91 by $0.08. Entergy had a net margin of 14.83% and a return on equity of 9.53%. The business had revenue of $3.39 billion for the quarter, compared to analysts’ expectations of $3.46 billion. During the same period in the prior year, the firm earned $3.27 earnings per share. On average, equities analysts forecast that Entergy Co. will post 7.21 earnings per share for the current fiscal year.

Entergy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Wednesday, November 13th will be paid a dividend of $1.20 per share. This is a boost from Entergy’s previous quarterly dividend of $1.13. This represents a $4.80 annualized dividend and a dividend yield of 3.25%. The ex-dividend date of this dividend is Wednesday, November 13th. Entergy’s dividend payout ratio is 58.47%.

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.