Aquila Investment Management LLC Purchases Shares of 3,000 Entergy Co. (NYSE:ETR)

Aquila Investment Management LLC purchased a new stake in shares of Entergy Co. (NYSE:ETR) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,000 shares of the utilities provider’s stock, valued at approximately $395,000.

Other hedge funds also recently bought and sold shares of the company. State Board of Administration of Florida Retirement System increased its holdings in shares of Entergy by 6.3% during the first quarter. State Board of Administration of Florida Retirement System now owns 234,595 shares of the utilities provider’s stock worth $25,275,000 after buying an additional 13,882 shares in the last quarter. Acadian Asset Management LLC grew its position in shares of Entergy by 55.4% in the 1st quarter. Acadian Asset Management LLC now owns 14,877 shares of the utilities provider’s stock valued at $1,571,000 after acquiring an additional 5,303 shares during the period. Viking Fund Management LLC grew its position in shares of Entergy by 6.3% in the 1st quarter. Viking Fund Management LLC now owns 125,600 shares of the utilities provider’s stock valued at $13,273,000 after acquiring an additional 7,400 shares during the period. Meeder Asset Management Inc. bought a new stake in shares of Entergy during the 1st quarter worth about $1,245,000. Finally, Cetera Advisors LLC boosted its holdings in shares of Entergy by 145.2% during the 1st quarter. Cetera Advisors LLC now owns 24,136 shares of the utilities provider’s stock worth $2,551,000 after buying an additional 14,293 shares during the period. 88.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on ETR. Morgan Stanley upped their price objective on shares of Entergy from $109.00 to $115.00 and gave the stock an “underweight” rating in a research report on Wednesday, September 25th. BMO Capital Markets raised their price target on shares of Entergy from $131.00 to $140.00 and gave the stock an “outperform” rating in a report on Tuesday, October 15th. Guggenheim lifted their price objective on shares of Entergy from $118.00 to $128.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Bank of America lifted their target price on shares of Entergy from $135.00 to $138.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th. Finally, UBS Group boosted their price objective on shares of Entergy from $143.00 to $144.00 and gave the company a “buy” rating in a research note on Friday, September 20th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Entergy has an average rating of “Moderate Buy” and an average target price of $131.19.

Entergy Stock Down 0.0 %

Entergy stock opened at $134.98 on Wednesday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.62 and a current ratio of 0.94. The firm has a market capitalization of $28.82 billion, a price-to-earnings ratio of 13.54, a price-to-earnings-growth ratio of 2.46 and a beta of 0.74. Entergy Co. has a fifty-two week low of $90.78 and a fifty-two week high of $136.02. The stock’s fifty day moving average is $126.37 and its two-hundred day moving average is $115.32.

Entergy (NYSE:ETR) last released its earnings results on Thursday, August 1st. The utilities provider reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.16. The firm had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $2.98 billion. Entergy had a return on equity of 10.10% and a net margin of 14.75%. During the same period in the prior year, the business posted $1.84 earnings per share. Analysts predict that Entergy Co. will post 7.22 EPS for the current fiscal year.

Entergy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 13th were paid a dividend of $1.13 per share. The ex-dividend date of this dividend was Tuesday, August 13th. This represents a $4.52 dividend on an annualized basis and a yield of 3.35%. Entergy’s dividend payout ratio (DPR) is presently 45.34%.

Insider Buying and Selling at Entergy

In other Entergy news, CEO Andrew S. Marsh sold 600 shares of the 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 transaction, the chief executive officer now owns 150,731 shares of the company’s stock, valued at $18,092,241.93. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Eliecer Viamontes sold 5,166 shares of Entergy stock in a transaction on Friday, August 30th. The stock was sold at an average price of $120.00, for a total transaction of $619,920.00. Following the transaction, the insider now directly owns 5,117 shares in the company, valued at approximately $614,040. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Andrew S. Marsh sold 600 shares of Entergy stock in a transaction 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 transaction, the chief executive officer now 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 disclosure for this sale can be found here. Insiders sold a total of 50,810 shares of company stock worth $6,140,626 in the last 90 days. 0.39% of the stock is owned by corporate insiders.

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.