Financial Counselors Inc. Purchases 3,657 Shares of Entergy Co. (NYSE:ETR)

Financial Counselors Inc. raised its position in Entergy Co. (NYSE:ETRFree Report) by 3.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 123,677 shares of the utilities provider’s stock after purchasing an additional 3,657 shares during the period. Financial Counselors Inc. owned approximately 0.06% of Entergy worth $11,440,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of ETR. EverSource Wealth Advisors LLC increased its stake in Entergy by 157.1% in the third quarter. EverSource Wealth Advisors LLC now owns 270 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 165 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its stake in Entergy by 108.8% in the third quarter. Massmutual Trust Co. FSB ADV now owns 307 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 160 shares in the last quarter. Fairfield Bush & CO. bought a new stake in Entergy in the first quarter valued at approximately $29,000. OLD Point Trust & Financial Services N A bought a new stake in shares of Entergy during the second quarter worth $34,000. Finally, Geneos Wealth Management Inc. increased its position in shares of Entergy by 6,000.0% during the third quarter. Geneos Wealth Management Inc. now owns 427 shares of the utilities provider’s stock worth $39,000 after acquiring an additional 420 shares in the last quarter. Institutional investors own 86.52% of the company’s stock.

Insider Transactions at Entergy

In other news, EVP Marcus V. Brown sold 38,417 shares of the firm’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $101.53, for a total transaction of $3,900,478.01. Following the completion of the sale, the executive vice president now owns 9,380 shares in the company, valued at approximately $952,351.40. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.37% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ETR. Mizuho lowered their price objective on shares of Entergy from $113.00 to $105.00 and set a “buy” rating for the company in a research report on Friday, November 3rd. StockNews.com began coverage on shares of Entergy in a research report on Thursday, October 5th. They set a “hold” rating for the company. Royal Bank of Canada downgraded shares of Entergy from an “outperform” rating to a “sector perform” rating and set a $117.00 price objective for the company. in a research report on Wednesday, November 8th. JPMorgan Chase & Co. increased their price objective on shares of Entergy from $117.00 to $121.00 and gave the stock an “overweight” rating in a research report on Friday, December 1st. Finally, Bank of America raised shares of Entergy from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $94.00 to $110.00 in a research report on Tuesday, November 21st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $110.82.

Get Our Latest Analysis on Entergy

Entergy Stock Performance

Shares of ETR opened at $100.25 on Wednesday. The stock has a market capitalization of $21.20 billion, a price-to-earnings ratio of 14.40, a PEG ratio of 1.97 and a beta of 0.70. The company has a current ratio of 0.91, a quick ratio of 0.65 and a debt-to-equity ratio of 1.80. The firm has a fifty day simple moving average of $101.34 and a 200 day simple moving average of $98.15. Entergy Co. has a 12 month low of $87.10 and a 12 month high of $111.90.

Entergy (NYSE:ETRGet Free Report) last announced its quarterly earnings results on Wednesday, November 1st. The utilities provider reported $3.27 EPS for the quarter, beating analysts’ consensus estimates of $2.97 by $0.30. The firm had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $4.22 billion. Entergy had a net margin of 11.56% and a return on equity of 10.77%. During the same quarter last year, the company posted $2.84 earnings per share. Research analysts forecast that Entergy Co. will post 6.77 EPS for the current fiscal year.

Entergy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Friday, February 9th will be paid a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 4.51%. The ex-dividend date of this dividend is Thursday, February 8th. Entergy’s dividend payout ratio is presently 64.94%.

Entergy Profile

(Free Report)

Entergy Corporation, together with its subsidiaries, engages in the production and retail distribution of electricity in the United States. The company operates in two segments, Utility and Entergy Wholesale Commodities. The Utility segment 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.

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Institutional Ownership by Quarter for Entergy (NYSE:ETR)

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