Blackhawk Capital Partners LLC. Invests $251,000 in Entergy Corporation (NYSE:ETR)

Blackhawk Capital Partners LLC. acquired a new position in Entergy Corporation (NYSE:ETR) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,906 shares of the utilities provider’s stock, valued at approximately $251,000.

Several other hedge funds have also recently bought and sold shares of the business. Thompson Siegel & Walmsley LLC bought a new stake in shares of Entergy during the 3rd quarter worth about $32,541,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in Entergy by 7.3% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 33,768 shares of the utilities provider’s stock worth $4,444,000 after acquiring an additional 2,287 shares during the period. Advisors Asset Management Inc. boosted its holdings in Entergy by 8.5% during the third quarter. Advisors Asset Management Inc. now owns 39,512 shares of the utilities provider’s stock valued at $5,200,000 after acquiring an additional 3,106 shares during the period. Jennison Associates LLC grew its position in shares of Entergy by 24.4% in the third quarter. Jennison Associates LLC now owns 1,012,083 shares of the utilities provider’s stock valued at $133,200,000 after purchasing an additional 198,391 shares during the last quarter. Finally, Segall Bryant & Hamill LLC bought a new position in shares of Entergy in the third quarter worth about $3,001,000. 88.07% of the stock is owned by institutional investors and hedge funds.

Entergy Trading 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 stock has a market capitalization of $32.31 billion, a P/E ratio of 18.36, a price-to-earnings-growth ratio of 2.50 and a beta of 0.71. The company has a 50-day simple moving average of $136.69 and a 200 day simple moving average of $120.99. The company has a quick ratio of 0.59, a current ratio of 0.89 and a debt-to-equity ratio of 1.77.

Entergy (NYSE:ETR) last posted its quarterly earnings data on Thursday, October 31st. The utilities provider reported $2.99 earnings per share for the quarter, topping the consensus estimate of $2.91 by $0.08. The company had revenue of $3.39 billion during the quarter, compared to analyst estimates of $3.46 billion. Entergy had a net margin of 14.83% and a return on equity of 9.53%. During the same quarter last year, the business posted $3.27 earnings per share. Research analysts expect that Entergy Corporation will post 7.21 earnings per share for the current fiscal year.

Entergy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Wednesday, November 13th will be paid a $1.20 dividend. 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 currently 58.47%.

Analysts Set New Price Targets

ETR has been the topic of several research analyst reports. Bank of America downgraded shares of Entergy from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $138.00 to $154.00 in a research note on Monday, November 4th. Mizuho boosted their price objective on shares of Entergy from $138.00 to $165.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. Argus upgraded shares of Entergy to a “strong-buy” rating in a research note on Wednesday, August 28th. Scotiabank boosted their price target on Entergy from $119.00 to $144.00 and gave the company a “sector perform” rating in a research note on Friday, November 1st. Finally, StockNews.com upgraded Entergy from a “sell” rating to a “hold” rating in a research report on Saturday, November 9th. Five equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $150.42.

Insider Activity

In other Entergy news, COO Peter S. Norgeot, Jr. sold 7,922 shares of the stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $130.00, for a total value of $1,029,860.00. Following the transaction, the chief operating officer now directly owns 34,993 shares in the company, valued at approximately $4,549,090. This trade represents a 18.46 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Andrew S. Marsh sold 600 shares of the business’s 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 sale, the chief executive officer now owns 150,731 shares of the company’s stock, valued at approximately $18,092,241.93. The trade was a 0.40 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 40,472 shares of company stock worth $5,076,328. 0.39% of the stock is owned by corporate insiders.

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.