Entergy Co. (NYSE:ETR) Shares Sold by Benjamin F. Edwards & Company Inc.

Benjamin F. Edwards & Company Inc. trimmed its holdings in Entergy Co. (NYSE:ETRGet Rating) by 13.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,390 shares of the utilities provider’s stock after selling 366 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Entergy were worth $241,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of ETR. JFS Wealth Advisors LLC lifted its stake in Entergy by 82.9% during the second quarter. JFS Wealth Advisors LLC now owns 236 shares of the utilities provider’s stock valued at $27,000 after buying an additional 107 shares in the last quarter. Field & Main Bank acquired a new position in shares of Entergy in the 2nd quarter valued at about $28,000. Fairfield Bush & CO. acquired a new position in shares of Entergy in the 1st quarter valued at about $29,000. Wagner Wealth Management LLC acquired a new position in shares of Entergy in the 2nd quarter valued at about $32,000. Finally, Truvestments Capital LLC acquired a new position in shares of Entergy in the 2nd quarter valued at about $41,000. 89.98% of the stock is owned by hedge funds and other institutional investors.

Entergy Trading Down 0.3 %

Shares of ETR stock opened at $106.56 on Friday. Entergy Co. has a 12 month low of $94.94 and a 12 month high of $126.82. The company has a quick ratio of 0.69, a current ratio of 0.90 and a debt-to-equity ratio of 2.04. The business’s 50 day moving average is $112.35 and its two-hundred day moving average is $111.98. The company has a market cap of $21.68 billion, a PE ratio of 17.30, a price-to-earnings-growth ratio of 2.63 and a beta of 0.64.

Entergy (NYSE:ETRGet Rating) last posted its quarterly earnings data on Wednesday, November 2nd. The utilities provider reported $2.84 earnings per share for the quarter, beating the consensus estimate of $2.67 by $0.17. Entergy had a return on equity of 11.55% and a net margin of 9.46%. The company had revenue of $4.22 billion during the quarter, compared to analysts’ expectations of $3.35 billion. Equities analysts predict that Entergy Co. will post 6.37 EPS for the current year.

Entergy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 1st. Stockholders of record on Monday, November 14th were given a $1.07 dividend. This represents a $4.28 annualized dividend and a dividend yield of 4.02%. This is a boost from Entergy’s previous quarterly dividend of $1.01. The ex-dividend date was Thursday, November 10th. Entergy’s dividend payout ratio is currently 69.48%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. StockNews.com upgraded Entergy from a “sell” rating to a “hold” rating in a report on Friday, November 11th. Morgan Stanley upped their target price on Entergy from $103.00 to $110.00 and gave the company an “underweight” rating in a report on Thursday, December 15th. BMO Capital Markets upped their target price on Entergy from $111.00 to $116.00 and gave the company an “outperform” rating in a report on Thursday, November 3rd. Guggenheim dropped their price objective on Entergy from $129.00 to $117.00 in a report on Monday, October 24th. Finally, Wells Fargo & Company increased their price objective on Entergy from $123.00 to $135.00 in a report on Wednesday, December 14th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $123.60.

Entergy Company Profile

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Entergy Corporation, together with its subsidiaries, engages in the production and retail distribution of electricity in the United States. The company operates in two segments, Utility and Entergy Wholesale Commodities. The Utility segment 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.

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Institutional Ownership by Quarter for Entergy (NYSE:ETR)

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