Entergy Co. (NYSE:ETR) Shares Acquired by Leo Wealth LLC

Leo Wealth LLC grew its stake in shares of Entergy Co. (NYSE:ETR) by 5.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,725 shares of the utilities provider’s stock after purchasing an additional 622 shares during the period. Leo Wealth LLC’s holdings in Entergy were worth $1,543,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of ETR. Bank & Trust Co grew its stake in Entergy by 12.8% during the 3rd quarter. Bank & Trust Co now owns 795 shares of the utilities provider’s stock valued at $105,000 after acquiring an additional 90 shares in the last quarter. HBK Sorce Advisory LLC increased its stake in Entergy by 2.3% in the 2nd quarter. HBK Sorce Advisory LLC now owns 4,075 shares of the utilities provider’s stock valued at $436,000 after buying an additional 92 shares during the period. Alliance Wealth Advisors LLC lifted its position in Entergy by 3.7% in the 3rd quarter. Alliance Wealth Advisors LLC now owns 2,591 shares of the utilities provider’s stock worth $341,000 after buying an additional 92 shares in the last quarter. CarsonAllaria Wealth Management Ltd. boosted its stake in shares of Entergy by 5.4% during the 3rd quarter. CarsonAllaria Wealth Management Ltd. now owns 1,858 shares of the utilities provider’s stock valued at $245,000 after buying an additional 95 shares during the period. Finally, Marino Stram & Associates LLC grew its stake in Entergy by 1.6% in the third quarter. Marino Stram & Associates LLC now owns 5,986 shares of the utilities provider’s stock valued at $788,000 after purchasing an additional 95 shares in the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Entergy Stock Performance

Entergy stock traded up $0.06 during trading hours on Tuesday, hitting $135.10. The stock had a trading volume of 448,270 shares, compared to its average volume of 1,551,813. Entergy Co. has a fifty-two week low of $90.78 and a fifty-two week high of $136.02. The company has a quick ratio of 0.62, a current ratio of 0.94 and a debt-to-equity ratio of 1.81. The company has a 50-day moving average of $126.01 and a two-hundred day moving average of $115.11. The company has a market cap of $28.85 billion, a PE ratio of 13.48, a price-to-earnings-growth ratio of 2.46 and a beta of 0.74.

Entergy (NYSE:ETR) last released its quarterly earnings data on Thursday, August 1st. The utilities provider reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.16. The company had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $2.98 billion. Entergy had a net margin of 14.75% and a return on equity of 10.10%. During the same period last year, the firm earned $1.84 EPS. On average, equities research analysts anticipate that Entergy Co. will post 7.22 EPS for the current fiscal year.

Entergy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Tuesday, August 13th were issued a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 3.35%. The ex-dividend date of this dividend was Tuesday, August 13th. Entergy’s payout ratio is 45.34%.

Insider Buying and Selling

In other Entergy news, CEO Andrew S. Marsh sold 3,200 shares of the business’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $121.46, for a total value of $388,672.00. Following the transaction, the chief executive officer now owns 150,731 shares of the company’s stock, valued at approximately $18,307,787.26. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Andrew S. Marsh sold 3,200 shares of the stock in a transaction that occurred on 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 directly owns 150,731 shares of the company’s stock, valued at $18,307,787.26. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Peter S. Norgeot, Jr. sold 11,472 shares of Entergy 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 directly owns 37,888 shares of the company’s stock, valued at $4,363,182.08. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 50,810 shares of company stock worth $6,140,626 in the last quarter. 0.39% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on ETR. Wells Fargo & Company boosted their target price on shares of Entergy from $125.00 to $137.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Scotiabank boosted their price target on Entergy from $115.00 to $119.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 20th. Barclays decreased their price target on Entergy from $138.00 to $137.00 and set an “overweight” rating for the company in a research note on Monday, October 7th. JPMorgan Chase & Co. boosted their target price on Entergy from $131.00 to $141.00 and gave the stock an “overweight” rating in a report on Monday, August 12th. Finally, Argus upgraded Entergy to a “strong-buy” rating in a report on Wednesday, August 28th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Entergy has an average rating of “Moderate Buy” and an average price target of $131.19.

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.