Ascent Group LLC Sells 170 Shares of Entergy Co. (NYSE:ETR)

Ascent Group LLC lowered its stake in shares of Entergy Co. (NYSE:ETR) by 0.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 23,362 shares of the utilities provider’s stock after selling 170 shares during the quarter. Ascent Group LLC’s holdings in Entergy were worth $2,469,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Tidemark LLC acquired a new stake in Entergy in the fourth quarter worth about $25,000. Heritage Wealth Advisors grew 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 buying an additional 239 shares during the period. OLD Point Trust & Financial Services N A bought a new stake in shares of Entergy during the fourth quarter worth approximately $35,000. CVA Family Office LLC acquired a new position in Entergy in the fourth quarter valued at approximately $41,000. Finally, Newbridge Financial Services Group Inc. boosted its stake in Entergy by 40.0% in the first quarter. Newbridge Financial Services Group Inc. now owns 385 shares of the utilities provider’s stock valued at $41,000 after acquiring an additional 110 shares during the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on ETR shares. LADENBURG THALM/SH SH reissued a “neutral” rating and issued a $109.50 price target (down previously from $117.00) on shares of Entergy in a research note on Wednesday, June 12th. KeyCorp increased their target price on Entergy from $112.00 to $123.00 and gave the company an “overweight” rating in a research note on Monday, May 20th. BMO Capital Markets decreased their target price on Entergy from $120.00 to $117.00 and set an “outperform” rating for the company in a research report on Monday, July 8th. Barclays cut their price target on shares of Entergy from $116.00 to $115.00 and set an “equal weight” rating on the stock in a research report on Monday, July 22nd. Finally, Mizuho upped their target price on shares of Entergy from $107.00 to $114.00 and gave the company a “buy” rating in a research note on Friday, May 31st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $113.42.

Insider Buying and Selling at Entergy

In other news, insider Haley Fisackerly sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $110.23, for a total transaction of $165,345.00. Following the completion of the transaction, the insider now directly owns 2,479 shares of the company’s stock, valued at approximately $273,260.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Entergy news, insider Haley Fisackerly sold 1,500 shares of the business’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $110.23, for a total transaction of $165,345.00. Following the sale, the insider now directly owns 2,479 shares of the company’s stock, valued at approximately $273,260.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Reginald T. Jackson sold 9,229 shares of the firm’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $108.71, for a total value of $1,003,284.59. Following the completion of the transaction, the chief accounting officer now owns 2,166 shares of the company’s stock, valued at approximately $235,465.86. The disclosure for this sale can be found here. Company insiders own 0.39% of the company’s stock.

Entergy Stock Up 0.7 %

ETR stock traded up $0.76 during trading hours on Monday, reaching $114.39. 1,364,187 shares of the stock were exchanged, compared to its average volume of 1,506,091. The company has a market cap of $24.43 billion, a price-to-earnings ratio of 11.48, a PEG ratio of 2.15 and a beta of 0.71. The firm’s 50-day moving average is $108.48 and its 200-day moving average is $105.21. Entergy Co. has a 12 month low of $87.10 and a 12 month high of $114.87. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.69 and a quick ratio of 0.45.

Entergy Announces Dividend

The company 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 $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 3.95%. The ex-dividend date is Tuesday, August 13th. Entergy’s dividend payout ratio is presently 45.34%.

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.