Advisors Management Group Inc. ADV Increases Position in Entergy Co. (NYSE:ETR)

Advisors Management Group Inc. ADV raised its position in shares of Entergy Co. (NYSE:ETR) by 0.9% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 92,621 shares of the utilities provider’s stock after purchasing an additional 835 shares during the quarter. Entergy accounts for about 2.9% of Advisors Management Group Inc. ADV’s investment portfolio, making the stock its 6th biggest holding. Advisors Management Group Inc. ADV’s holdings in Entergy were worth $12,190,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. Ameriprise Financial Inc. boosted its stake in shares of Entergy by 47.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 6,479,044 shares of the utilities provider’s stock worth $693,260,000 after acquiring an additional 2,075,776 shares during the last quarter. Capital International Investors grew its holdings in Entergy by 64.2% during the 1st quarter. Capital International Investors now owns 4,170,045 shares of the utilities provider’s stock valued at $440,690,000 after buying an additional 1,630,057 shares in the last quarter. Millennium Management LLC grew its stake in shares of Entergy by 185.5% in the 2nd quarter. Millennium Management LLC now owns 1,876,672 shares of the utilities provider’s stock worth $200,804,000 after buying an additional 1,219,419 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in Entergy by 12.4% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,926,492 shares of the utilities provider’s stock valued at $741,135,000 after buying an additional 763,834 shares during the period. Finally, Panagora Asset Management Inc. lifted its stake in shares of Entergy by 89.2% during the 2nd quarter. Panagora Asset Management Inc. now owns 1,073,603 shares of the utilities provider’s stock worth $114,876,000 after acquiring an additional 506,239 shares during the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on ETR. Bank of America lowered Entergy from a “buy” rating to a “neutral” rating and lifted their target price for the company from $138.00 to $154.00 in a research note on Monday. Scotiabank lifted their price target on Entergy from $119.00 to $144.00 and gave the company a “sector perform” rating in a research note on Friday, November 1st. Morgan Stanley upgraded shares of Entergy from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $116.00 to $150.00 in a research report on Monday. StockNews.com lowered shares of Entergy from a “hold” rating to a “sell” rating in a report on Friday, November 1st. Finally, Mizuho lifted their price target on shares of Entergy from $138.00 to $165.00 and gave the company an “outperform” rating in a research report on Monday. One analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Entergy has a consensus rating of “Moderate Buy” and a consensus price target of $150.96.

Entergy Stock Up 0.1 %

Shares of Entergy stock opened at $146.06 on Thursday. Entergy Co. has a twelve month low of $94.85 and a twelve month 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 business’s 50 day simple moving average is $131.25 and its 200-day simple moving average is $118.08. The stock has a market capitalization of $31.32 billion, a price-to-earnings ratio of 17.79, a PEG ratio of 2.69 and a beta of 0.71.

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

Entergy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Wednesday, November 13th will be issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 3.29%. This is a boost from Entergy’s previous quarterly dividend of $1.13. The ex-dividend date is Wednesday, November 13th. Entergy’s dividend payout ratio is 55.05%.

Insider Activity

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 completion of the transaction, the chief executive officer now directly owns 150,731 shares in the company, valued at $18,092,241.93. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Andrew S. Marsh sold 600 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $120.03, for a total transaction 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 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew S. Marsh sold 19,200 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $120.35, for a total value of $2,310,720.00. Following the transaction, the chief executive officer now owns 150,731 shares of the company’s stock, valued at $18,140,475.85. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 36,138 shares of company stock valued at $4,430,838. 0.54% of the stock is owned by insiders.

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.