B.O.S.S. Retirement Advisors LLC Has $1.89 Million Stake in Entergy Co. (NYSE:ETR)

B.O.S.S. Retirement Advisors LLC boosted its holdings in Entergy Co. (NYSE:ETR) by 2.9% in the third quarter, Holdings Channel reports. The firm owned 14,365 shares of the utilities provider’s stock after purchasing an additional 405 shares during the quarter. B.O.S.S. Retirement Advisors LLC’s holdings in Entergy were worth $1,891,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Bank & Trust Co grew its position in Entergy by 12.8% in the third quarter. Bank & Trust Co now owns 795 shares of the utilities provider’s stock valued at $105,000 after purchasing an additional 90 shares in the last quarter. HBK Sorce Advisory LLC grew its position in Entergy by 2.3% in the second quarter. HBK Sorce Advisory LLC now owns 4,075 shares of the utilities provider’s stock valued at $436,000 after purchasing an additional 92 shares in the last quarter. Quent Capital LLC grew its position in Entergy by 21.7% in the first quarter. Quent Capital LLC now owns 550 shares of the utilities provider’s stock valued at $58,000 after purchasing an additional 98 shares in the last quarter. Delta Financial Advisors LLC grew its position in Entergy by 0.5% in the second quarter. Delta Financial Advisors LLC now owns 22,121 shares of the utilities provider’s stock valued at $2,367,000 after purchasing an additional 105 shares in the last quarter. Finally, iA Global Asset Management Inc. grew its position in Entergy by 1.3% in the first quarter. iA Global Asset Management Inc. now owns 8,830 shares of the utilities provider’s stock valued at $933,000 after purchasing an additional 114 shares in the last quarter. Institutional investors own 88.07% of the company’s stock.

Entergy Stock Up 0.7 %

Shares of ETR opened at $134.32 on Thursday. The firm’s 50-day simple moving average is $124.96 and its 200 day simple moving average is $114.40. Entergy Co. has a 52 week low of $90.78 and a 52 week high of $134.63. 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 cap of $28.68 billion, a P/E ratio of 13.47, a price-to-earnings-growth ratio of 2.46 and a beta of 0.74.

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

Entergy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Tuesday, August 13th were issued a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.37%. The ex-dividend date of this dividend was Tuesday, August 13th. Entergy’s dividend payout ratio (DPR) is presently 45.34%.

Insider Buying and Selling

In related news, insider Eliecer Viamontes sold 5,166 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $120.00, for a total transaction of $619,920.00. Following the completion of the transaction, the insider now directly owns 5,117 shares in the company, valued at $614,040. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, COO Peter S. Norgeot, Jr. sold 7,922 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $130.00, for a total transaction of $1,029,860.00. Following the completion of the transaction, the chief operating officer now directly owns 34,993 shares in the company, valued at $4,549,090. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Eliecer Viamontes sold 5,166 shares of the company’s stock in a transaction that occurred 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 owns 5,117 shares of the company’s stock, valued at approximately $614,040. This represents 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 three months. 0.39% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

ETR has been the subject of a number of analyst reports. Scotiabank raised their target price on shares of Entergy from $115.00 to $119.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. UBS Group boosted their price objective on shares of Entergy from $143.00 to $144.00 and gave the stock a “buy” rating in a research note on Friday, September 20th. BMO Capital Markets boosted their price objective on shares of Entergy from $131.00 to $140.00 and gave the stock an “outperform” rating in a research note on Tuesday. Royal Bank of Canada boosted their price objective on shares of Entergy from $137.00 to $140.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, Morgan Stanley boosted their price objective on shares of Entergy from $109.00 to $115.00 and gave the stock an “underweight” rating in a research note on Wednesday, September 25th. One analyst has rated the stock with a sell rating, two have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $130.96.

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.