Family Firm Inc. Makes New Investment in Entergy Co. (NYSE:ETR)

Family Firm Inc. purchased a new stake in Entergy Co. (NYSE:ETR) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 703 shares of the utilities provider’s stock, valued at approximately $75,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Tidemark LLC purchased a new position in Entergy during the 4th quarter valued at about $25,000. Iron Horse Wealth Management LLC purchased a new position in shares of Entergy during the 2nd quarter worth approximately $25,000. Heritage Wealth Advisors raised its position in shares of Entergy by 2,172.7% during the 1st quarter. Heritage Wealth Advisors now owns 250 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 239 shares during the last quarter. American National Bank lifted its stake in Entergy by 93.7% in the 2nd quarter. American National Bank now owns 277 shares of the utilities provider’s stock valued at $30,000 after buying an additional 134 shares in the last quarter. Finally, TruNorth Capital Management LLC acquired a new stake in Entergy during the 2nd quarter valued at $32,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Barclays cut their price target on Entergy from $116.00 to $115.00 and set an “equal weight” rating for the company in a report on Monday, July 22nd. LADENBURG THALM/SH SH reissued a “neutral” rating and issued a $109.50 target price (down previously from $117.00) on shares of Entergy in a research note on Wednesday, June 12th. 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. Guggenheim lifted their price target on shares of Entergy from $118.00 to $128.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Finally, Wells Fargo & Company boosted their price objective on shares of Entergy from $125.00 to $137.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $120.88.

Insider Activity at Entergy

In other news, COO Peter S. Norgeot, Jr. sold 11,472 shares of the stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $115.16, for a total value of $1,321,115.52. Following the completion of the sale, the chief operating officer now owns 37,888 shares of the company’s stock, valued at $4,363,182.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Entergy news, COO Peter S. Norgeot, Jr. sold 11,472 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $115.16, for a total value of $1,321,115.52. Following the transaction, the chief operating officer now directly owns 37,888 shares of the company’s stock, valued at $4,363,182.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 directly owns 150,731 shares of the company’s stock, valued at approximately $18,307,787.26. The disclosure for this sale can be found here. 0.39% of the stock is currently owned by insiders.

Entergy Price Performance

Shares of NYSE ETR opened at $118.80 on Friday. The stock has a market capitalization of $25.37 billion, a PE ratio of 11.92, a P/E/G ratio of 2.29 and a beta of 0.71. The company has a quick ratio of 0.45, a current ratio of 0.94 and a debt-to-equity ratio of 1.81. The firm has a fifty day moving average of $111.70 and a 200-day moving average of $107.62. Entergy Co. has a 52-week low of $87.10 and a 52-week high of $123.61.

Entergy (NYSE:ETR) last issued its earnings results on Thursday, August 1st. The utilities provider reported $1.92 earnings per share for the quarter, beating analysts’ consensus estimates of $1.76 by $0.16. The firm had revenue of $2.95 billion for the quarter, compared to analysts’ expectations of $2.98 billion. Entergy had a return on equity of 10.10% and a net margin of 14.75%. During the same quarter last year, the firm earned $1.84 earnings per share. On average, analysts anticipate that Entergy Co. will post 7.21 EPS for the current year.

Entergy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Tuesday, August 13th will be given a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date is Tuesday, August 13th. Entergy’s dividend payout ratio (DPR) is presently 45.34%.

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.