Kestra Private Wealth Services LLC Buys 518 Shares of Entergy Co. (NYSE:ETR)

Kestra Private Wealth Services LLC grew its stake in Entergy Co. (NYSE:ETR) by 6.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,399 shares of the utilities provider’s stock after purchasing an additional 518 shares during the period. Kestra Private Wealth Services LLC’s holdings in Entergy were worth $850,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Commonwealth Equity Services LLC lifted its stake in shares of Entergy by 1.2% during the 3rd quarter. Commonwealth Equity Services LLC now owns 38,239 shares of the utilities provider’s stock worth $3,537,000 after acquiring an additional 467 shares during the last quarter. SVB Wealth LLC raised its position in Entergy by 7.1% during the 3rd quarter. SVB Wealth LLC now owns 2,513 shares of the utilities provider’s stock valued at $232,000 after purchasing an additional 166 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its position in Entergy by 14.8% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 26,021 shares of the utilities provider’s stock valued at $2,407,000 after purchasing an additional 3,345 shares in the last quarter. Dakota Wealth Management bought a new stake in Entergy during the 3rd quarter valued at $217,000. Finally, Raymond James Financial Services Advisors Inc. raised its position in Entergy by 5.5% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 49,951 shares of the utilities provider’s stock valued at $4,620,000 after purchasing an additional 2,588 shares in the last quarter. 88.07% of the stock is owned by institutional investors.

Entergy Stock Up 0.9 %

Entergy stock opened at $108.08 on Friday. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.45 and a current ratio of 0.69. The business’s 50-day simple moving average is $104.02 and its two-hundred day simple moving average is $101.12. The company has a market cap of $23.05 billion, a PE ratio of 10.84, a PEG ratio of 2.01 and a beta of 0.69. Entergy Co. has a fifty-two week low of $87.10 and a fifty-two week high of $108.45.

Entergy (NYSE:ETR) last posted its quarterly earnings results on Wednesday, April 24th. The utilities provider reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.44 by ($0.36). The firm had revenue of $31.17 billion for the quarter, compared to analysts’ expectations of $3.16 billion. Entergy had a net margin of 17.75% and a return on equity of 10.20%. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.14 EPS. Equities analysts anticipate that Entergy Co. will post 7.22 EPS for the current year.

Entergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Thursday, May 2nd will be issued a $1.13 dividend. The ex-dividend date is Wednesday, May 1st. This represents a $4.52 annualized dividend and a dividend yield of 4.18%. Entergy’s dividend payout ratio (DPR) is presently 45.34%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ETR. Scotiabank cut their price target on Entergy from $111.00 to $104.00 and set a “sector perform” rating on the stock in a report on Monday, April 22nd. KeyCorp lifted their price target on Entergy from $108.00 to $112.00 and gave the company an “overweight” rating in a report on Friday, April 19th. Barclays cut their price target on Entergy from $108.00 to $107.00 and set an “equal weight” rating on the stock in a report on Monday, April 15th. BMO Capital Markets lifted their price target on Entergy from $110.00 to $113.00 and gave the company an “outperform” rating in a report on Monday, February 26th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $117.00 price target on shares of Entergy in a report on Monday, February 26th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Entergy currently has an average rating of “Moderate Buy” and an average price target of $109.45.

Insider Activity

In other news, EVP Kimberly Cook-Nelson sold 2,000 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $100.35, for a total value of $200,700.00. Following the completion of the transaction, the executive vice president now owns 16,037 shares of the company’s stock, valued at approximately $1,609,312.95. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, EVP Kimberly Cook-Nelson sold 2,000 shares of Entergy stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $100.35, for a total value of $200,700.00. Following the sale, the executive vice president now directly owns 16,037 shares in the company, valued at approximately $1,609,312.95. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Deanna D. Rodriguez sold 1,500 shares of the stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $101.23, for a total value of $151,845.00. Following the transaction, the insider now directly owns 3,442 shares of the company’s stock, valued at approximately $348,433.66. The disclosure for this sale can be found here. Insiders sold a total of 12,000 shares of company stock valued at $1,226,685 in the last quarter. 0.39% of the stock is currently owned by company 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.