Banco Bilbao Vizcaya Argentaria S.A. Buys 1,718 Shares of Entergy Corporation $ETR

Banco Bilbao Vizcaya Argentaria S.A. grew its stake in Entergy Corporation (NYSE:ETR) by 3.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 45,483 shares of the utilities provider’s stock after purchasing an additional 1,718 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Entergy were worth $3,778,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of ETR. Boston Partners increased its position in shares of Entergy by 114.6% during the second quarter. Boston Partners now owns 6,931,903 shares of the utilities provider’s stock valued at $577,806,000 after buying an additional 3,702,089 shares during the period. TD Asset Management Inc grew its holdings in shares of Entergy by 964.8% during the 1st quarter. TD Asset Management Inc now owns 3,055,698 shares of the utilities provider’s stock worth $261,232,000 after acquiring an additional 2,768,734 shares during the period. Vanguard Group Inc. grew its holdings in shares of Entergy by 5.2% during the 1st quarter. Vanguard Group Inc. now owns 54,828,994 shares of the utilities provider’s stock worth $4,687,331,000 after acquiring an additional 2,695,348 shares during the period. Alkeon Capital Management LLC bought a new position in shares of Entergy in the 1st quarter worth approximately $194,429,000. Finally, Nuveen LLC purchased a new position in shares of Entergy in the 1st quarter valued at approximately $123,648,000. Institutional investors own 88.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ETR. BMO Capital Markets reaffirmed an “outperform” rating and issued a $104.00 price target (up from $96.00) on shares of Entergy in a research note on Tuesday, October 14th. Mizuho upped their target price on shares of Entergy from $97.00 to $104.00 and gave the stock an “outperform” rating in a research report on Monday, October 27th. Royal Bank Of Canada raised shares of Entergy to a “moderate buy” rating in a research report on Tuesday, October 28th. Scotiabank set a $105.00 price objective on shares of Entergy and gave the stock an “outperform” rating in a research note on Friday, October 3rd. Finally, Barclays set a $100.00 target price on shares of Entergy and gave the company an “overweight” rating in a research note on Monday, October 6th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Entergy presently has an average rating of “Moderate Buy” and a consensus target price of $102.37.

Entergy Price Performance

Shares of NYSE ETR opened at $94.92 on Friday. The firm has a market cap of $42.39 billion, a P/E ratio of 23.44, a PEG ratio of 2.40 and a beta of 0.63. Entergy Corporation has a twelve month low of $73.15 and a twelve month high of $98.58. The company has a quick ratio of 0.52, a current ratio of 0.71 and a debt-to-equity ratio of 1.62. The company has a 50 day moving average of $93.89 and a 200 day moving average of $88.09.

Entergy (NYSE:ETR) last posted its earnings results on Friday, July 8th. The utilities provider reported $0.71 EPS for the quarter. The business had revenue of $2.37 billion during the quarter. Entergy had a return on equity of 11.53% and a net margin of 14.26%. As a group, research analysts expect that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Thursday, November 13th will be paid a dividend of $0.64 per share. The ex-dividend date is Thursday, November 13th. This represents a $2.56 annualized dividend and a yield of 2.7%. This is an increase from Entergy’s previous quarterly dividend of $0.60. Entergy’s dividend payout ratio (DPR) is currently 63.21%.

Insider Buying and Selling at Entergy

In other news, insider Anastasia Minor sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $96.39, for a total transaction of $481,950.00. Following the sale, the insider owned 10,122 shares of the company’s stock, valued at $975,659.58. This trade represents a 33.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Ralph Lewis Ropp acquired 1,000 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The shares were bought at an average cost of $96.69 per share, with a total value of $96,690.00. Following the completion of the acquisition, the director directly owned 1,050 shares of the company’s stock, valued at $101,524.50. The trade was a 2,000.00% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders have sold 10,179 shares of company stock worth $981,707. Company 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.