LVW Advisors LLC Acquires 197 Shares of Entergy Co. (NYSE:ETR)

LVW Advisors LLC increased its holdings in Entergy Co. (NYSE:ETR) by 8.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,622 shares of the utilities provider’s stock after purchasing an additional 197 shares during the quarter. LVW Advisors LLC’s holdings in Entergy were worth $281,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of ETR. Capital International Investors raised its holdings in shares of Entergy by 64.2% during the first quarter. Capital International Investors now owns 4,170,045 shares of the utilities provider’s stock valued at $440,690,000 after purchasing an additional 1,630,057 shares during the period. Norges Bank acquired a new position in shares of Entergy during the fourth quarter valued at about $127,675,000. Confluence Investment Management LLC acquired a new position in shares of Entergy during the first quarter valued at about $92,257,000. Franklin Resources Inc. raised its holdings in shares of Entergy by 25.2% during the fourth quarter. Franklin Resources Inc. now owns 3,961,859 shares of the utilities provider’s stock valued at $400,901,000 after purchasing an additional 796,316 shares during the period. Finally, ClearBridge Investments Ltd raised its holdings in shares of Entergy by 29.3% during the fourth quarter. ClearBridge Investments Ltd now owns 3,115,468 shares of the utilities provider’s stock valued at $315,254,000 after purchasing an additional 706,059 shares during the period. Institutional investors own 88.07% of the company’s stock.

Entergy Trading Down 0.4 %

NYSE:ETR traded down $0.52 during trading hours on Tuesday, reaching $117.00. The company’s stock had a trading volume of 225,046 shares, compared to its average volume of 1,519,603. The firm has a market capitalization of $24.98 billion, a price-to-earnings ratio of 11.74, a PEG ratio of 2.29 and a beta of 0.71. The firm has a 50-day simple moving average of $109.99 and a 200-day simple moving average of $106.52. Entergy Co. has a 1 year low of $87.10 and a 1 year high of $123.61. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.45 and a current ratio of 0.94.

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

Entergy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 13th will be issued a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 3.86%. The ex-dividend date of this dividend is Tuesday, August 13th. Entergy’s dividend payout ratio (DPR) is presently 45.34%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on ETR shares. Scotiabank raised their price objective on shares of Entergy from $104.00 to $115.00 and gave the stock a “sector perform” rating in a report on Friday, August 2nd. Barclays cut their price objective on shares of Entergy from $116.00 to $115.00 and set an “equal weight” rating for the company in a report on Monday, July 22nd. Wells Fargo & Company increased their target price on shares of Entergy from $125.00 to $137.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. BMO Capital Markets increased their target price on shares of Entergy from $124.00 to $131.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Finally, Mizuho increased their target price on shares of Entergy from $107.00 to $114.00 and gave the stock a “buy” rating in a research note on Friday, May 31st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $119.73.

Insiders Place Their Bets

In other news, CEO Andrew S. Marsh sold 3,200 shares of Entergy stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $121.46, for a total transaction of $388,672.00. Following the sale, the chief executive officer now owns 150,731 shares of the company’s stock, valued at approximately $18,307,787.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, COO Peter S. Norgeot, Jr. sold 11,472 shares of Entergy stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $115.16, for a total transaction of $1,321,115.52. Following the completion of the transaction, the chief operating officer now directly owns 37,888 shares of the company’s stock, valued at approximately $4,363,182.08. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Andrew S. Marsh sold 3,200 shares of Entergy stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $121.46, for a total transaction of $388,672.00. Following the transaction, the chief executive officer now directly owns 150,731 shares of the company’s stock, valued at $18,307,787.26. The disclosure for this sale can be found here. Insiders own 0.39% of the company’s stock.

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.