Toronto Dominion Bank Increases Stock Holdings in Entergy Co. (NYSE:ETR)

Toronto Dominion Bank grew its holdings in shares of Entergy Co. (NYSE:ETR) by 60.7% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 105,875 shares of the utilities provider’s stock after purchasing an additional 39,992 shares during the quarter. Toronto Dominion Bank’s holdings in Entergy were worth $11,329,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Iron Horse Wealth Management LLC purchased a new stake in Entergy during the second quarter valued at approximately $25,000. Heritage Wealth Advisors increased its stake in shares of Entergy by 2,172.7% in the 1st quarter. Heritage Wealth Advisors now owns 250 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 239 shares in the last quarter. American National Bank raised its holdings in Entergy by 93.7% in the 2nd quarter. American National Bank now owns 277 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 134 shares during the period. TruNorth Capital Management LLC purchased a new position in Entergy during the second quarter valued at $32,000. Finally, Rothschild Investment LLC bought a new stake in Entergy during the second quarter valued at about $34,000. Institutional investors own 88.07% of the company’s stock.

Entergy Trading Up 1.2 %

ETR opened at $131.13 on Friday. Entergy Co. has a one year low of $87.10 and a one year high of $131.55. 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 stock has a market cap of $28.00 billion, a price-to-earnings ratio of 13.15, a P/E/G ratio of 2.46 and a beta of 0.73. The stock’s 50 day moving average price is $120.18 and its 200-day moving average price is $111.56.

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

Entergy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Tuesday, August 13th were given a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date was Tuesday, August 13th. Entergy’s dividend payout ratio (DPR) is presently 45.34%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ETR. LADENBURG THALM/SH SH reaffirmed a “neutral” rating and set a $109.50 price target (down previously from $117.00) on shares of Entergy in a report on Wednesday, June 12th. BMO Capital Markets lifted their target price on shares of Entergy from $124.00 to $131.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Morgan Stanley upped their target price on shares of Entergy from $109.00 to $115.00 and gave the stock an “underweight” rating in a report on Wednesday. Bank of America raised their price target on Entergy from $135.00 to $138.00 and gave the company a “buy” rating in a report on Thursday, August 29th. Finally, JPMorgan Chase & Co. lifted their target price on Entergy from $131.00 to $141.00 and gave the company an “overweight” rating in a research note on Monday, August 12th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Entergy has a consensus rating of “Moderate Buy” and an average target price of $127.81.

Insider Activity

In other Entergy news, COO Peter S. Norgeot, Jr. sold 11,472 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $115.16, for a total transaction of $1,321,115.52. Following the transaction, the chief operating officer now directly owns 37,888 shares in the company, valued at approximately $4,363,182.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Entergy news, COO Peter S. Norgeot, Jr. sold 11,472 shares of the firm’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $115.16, for a total transaction of $1,321,115.52. Following the transaction, the chief operating officer now owns 37,888 shares of the company’s stock, valued at approximately $4,363,182.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew S. Marsh sold 600 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $120.03, for a total transaction of $72,018.00. Following the completion of the sale, the chief executive officer now directly owns 150,731 shares of the company’s stock, valued at approximately $18,092,241.93. The disclosure for this sale can be found here. Over the last quarter, insiders sold 50,810 shares of company stock valued at $6,140,626. Corporate insiders own 0.39% of the company’s stock.

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.