Thompson Siegel & Walmsley LLC Makes New Investment in Entergy Corporation (NYSE:ETR)

Thompson Siegel & Walmsley LLC bought a new stake in Entergy Corporation (NYSE:ETR) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 247,250 shares of the utilities provider’s stock, valued at approximately $32,541,000. Thompson Siegel & Walmsley LLC owned approximately 0.12% of Entergy as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Iron Horse Wealth Management LLC acquired a new position in shares of Entergy during the 2nd quarter valued at $25,000. Cetera Trust Company N.A bought a new stake in shares of Entergy during the 3rd quarter worth $29,000. Fortitude Family Office LLC increased its stake in Entergy by 423.8% in the 3rd quarter. Fortitude Family Office LLC now owns 220 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 178 shares in the last quarter. American National Bank raised its holdings in 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 buying an additional 134 shares during the period. Finally, Coastline Trust Co purchased a new stake in Entergy during the third quarter valued at about $31,000. 88.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Morgan Stanley upgraded Entergy from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $116.00 to $150.00 in a research report on Monday, November 4th. Mizuho increased their target price on shares of Entergy from $138.00 to $165.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. Royal Bank of Canada boosted their price target on shares of Entergy from $137.00 to $140.00 and gave the company an “outperform” rating in a report on Monday, October 14th. UBS Group increased their price objective on Entergy from $143.00 to $144.00 and gave the stock a “buy” rating in a report on Friday, September 20th. Finally, Scotiabank boosted their target price on Entergy from $119.00 to $144.00 and gave the company a “sector perform” rating in a research note on Friday, November 1st. Five equities 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. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $150.42.

Insider Buying and Selling at Entergy

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 stock was sold at an average price of $120.03, for a total value of $72,018.00. Following the completion of the sale, the chief executive officer now owns 150,731 shares in the company, valued at approximately $18,092,241.93. This trade represents a 0.40 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Eliecer Viamontes sold 5,166 shares of the business’s stock in a transaction that occurred on 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 approximately $614,040. This represents a 50.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 40,472 shares of company stock valued at $5,076,328 in the last ninety days. Company insiders own 0.39% of the company’s stock.

Entergy Stock Up 0.5 %

Shares of Entergy stock opened at $150.71 on Thursday. Entergy Corporation has a 12-month low of $96.15 and a 12-month high of $156.85. The company has a quick ratio of 0.59, a current ratio of 0.89 and a debt-to-equity ratio of 1.77. The stock has a 50 day moving average price of $136.69 and a two-hundred day moving average price of $120.99. The stock has a market capitalization of $32.31 billion, a P/E ratio of 18.36, a PEG ratio of 2.50 and a beta of 0.71.

Entergy (NYSE:ETR) last announced its earnings results on Thursday, October 31st. The utilities provider reported $2.99 EPS for the quarter, topping 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 firm had revenue of $3.39 billion for the quarter, compared to the consensus estimate of $3.46 billion. During the same quarter last year, the firm posted $3.27 EPS. Equities analysts expect that Entergy Corporation will post 7.21 earnings per share 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 given a dividend of $1.20 per share. The ex-dividend date is Wednesday, November 13th. This represents a $4.80 dividend on an annualized basis and a yield of 3.18%. This is a positive change from Entergy’s previous quarterly dividend of $1.13. Entergy’s payout ratio is 58.47%.

About Entergy

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.