Nicolet Advisory Services LLC Takes Position in Entergy Corporation (NYSE:ETR)

Nicolet Advisory Services LLC bought a new position in Entergy Corporation (NYSE:ETR) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 1,693 shares of the utilities provider’s stock, valued at approximately $225,000.

Other institutional investors have also bought and sold shares of the company. OneDigital Investment Advisors LLC boosted its position in shares of Entergy by 2.1% during the third quarter. OneDigital Investment Advisors LLC now owns 3,427 shares of the utilities provider’s stock worth $451,000 after acquiring an additional 69 shares during the last quarter. Bank & Trust Co boosted its holdings in shares of 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 purchasing an additional 90 shares during the last quarter. Prossimo Advisors LLC grew its position in shares of Entergy by 1.5% during the third quarter. Prossimo Advisors LLC now owns 5,971 shares of the utilities provider’s stock valued at $786,000 after purchasing an additional 90 shares in the last quarter. HBK Sorce Advisory LLC increased its holdings in shares of Entergy by 2.3% in the second quarter. HBK Sorce Advisory LLC now owns 4,075 shares of the utilities provider’s stock worth $436,000 after purchasing an additional 92 shares during the last quarter. Finally, Alliance Wealth Advisors LLC lifted its position in shares of Entergy by 3.7% in the third 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. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Entergy Stock Down 0.3 %

Shares of NYSE:ETR opened at $151.06 on Monday. The firm has a market capitalization of $32.39 billion, a PE ratio of 18.40, a price-to-earnings-growth ratio of 2.53 and a beta of 0.71. The business has a 50 day simple moving average of $137.74 and a two-hundred day simple moving average of $121.65. Entergy Corporation has a 1 year low of $96.15 and a 1 year high of $156.85. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.89 and a quick ratio of 0.59.

Entergy (NYSE:ETR) last posted its quarterly earnings data on Thursday, October 31st. The utilities provider reported $2.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.91 by $0.08. Entergy had a return on equity of 9.53% and a net margin of 14.83%. The company had revenue of $3.39 billion during the quarter, compared to analysts’ expectations of $3.46 billion. During the same quarter in the previous year, the business earned $3.27 EPS. On average, equities analysts predict that Entergy Corporation will post 7.21 EPS for the current year.

Entergy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Wednesday, November 13th will be issued a $1.20 dividend. The ex-dividend date is Wednesday, November 13th. This is a boost from Entergy’s previous quarterly dividend of $1.13. This represents a $4.80 dividend on an annualized basis and a dividend yield of 3.18%. Entergy’s dividend payout ratio is presently 58.47%.

Insider Buying and Selling

In related news, insider Eliecer Viamontes sold 5,166 shares of the company’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $120.00, for a total value of $619,920.00. Following the completion of the sale, the insider now directly owns 5,117 shares of the company’s stock, valued at $614,040. This represents a 50.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Haley Fisackerly sold 4,134 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $149.03, for a total transaction of $616,090.02. Following the transaction, the insider now directly owns 2,016 shares in the company, valued at $300,444.48. This trade represents a 67.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 40,472 shares of company stock valued at $5,076,328 in the last 90 days. Company insiders own 0.39% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on ETR shares. Argus upgraded Entergy to a “strong-buy” rating in a report on Wednesday, August 28th. Scotiabank upped their price target on shares of Entergy from $119.00 to $144.00 and gave the company a “sector perform” rating in a research note on Friday, November 1st. Mizuho increased their price objective on shares of Entergy from $138.00 to $165.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. BMO Capital Markets reduced their target price on shares of Entergy from $166.00 to $159.00 and set an “outperform” rating on the stock in a report on Monday, November 18th. Finally, Guggenheim increased their price target on shares of Entergy from $145.00 to $165.00 and gave the company a “buy” rating in a report on Friday, November 1st. Five analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $150.42.

Entergy 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.