Wealthcare Advisory Partners LLC Invests $384,000 in Entergy Co. (ETR) Stock

Wealthcare Advisory Partners LLC bought a new stake in Entergy Co. (NYSE:ETR) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,025 shares of the utilities provider’s stock, valued at approximately $384,000.

Other large investors have also bought and sold shares of the company. California Public Employees Retirement System boosted its position in shares of Entergy by 1.2% during the third quarter. California Public Employees Retirement System now owns 587,746 shares of the utilities provider’s stock worth $44,880,000 after buying an additional 6,710 shares during the period. Krilogy Financial LLC boosted its position in shares of Entergy by 1,116.0% during the third quarter. Krilogy Financial LLC now owns 2,432 shares of the utilities provider’s stock worth $186,000 after buying an additional 2,232 shares during the period. Janney Montgomery Scott LLC boosted its position in shares of Entergy by 9.7% during the third quarter. Janney Montgomery Scott LLC now owns 25,878 shares of the utilities provider’s stock worth $1,976,000 after buying an additional 2,288 shares during the period. Cambria Investment Management L.P. acquired a new position in shares of Entergy during the third quarter worth about $532,000. Finally, Cubist Systematic Strategies LLC boosted its position in shares of Entergy by 125.7% during the third quarter. Cubist Systematic Strategies LLC now owns 32,851 shares of the utilities provider’s stock worth $2,509,000 after buying an additional 18,294 shares during the period. 82.95% of the stock is owned by hedge funds and other institutional investors.

Entergy Co. (ETR) traded up $0.06 on Thursday, reaching $83.32. The company had a trading volume of 1,228,500 shares, compared to its average volume of 1,211,835. Entergy Co. has a fifty-two week low of $69.63 and a fifty-two week high of $87.95. The company has a market capitalization of $15,004.13, a price-to-earnings ratio of 12.31, a PEG ratio of 1.72 and a beta of 0.55. The company has a quick ratio of 0.58, a current ratio of 0.78 and a debt-to-equity ratio of 1.61.

Entergy (NYSE:ETR) last released its earnings results on Tuesday, October 24th. The utilities provider reported $2.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.24 by $0.11. The business had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.13 billion. Entergy had a positive return on equity of 14.76% and a negative net margin of 7.82%. During the same quarter in the prior year, the company posted $2.31 earnings per share. equities research analysts anticipate that Entergy Co. will post 6.91 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Thursday, November 9th were paid a $0.89 dividend. This is a positive change from Entergy’s previous quarterly dividend of $0.87. The ex-dividend date of this dividend was Wednesday, November 8th. This represents a $3.56 annualized dividend and a yield of 4.27%. Entergy’s dividend payout ratio is currently -72.06%.

Several research analysts have recently weighed in on the company. Morgan Stanley upped their price objective on Entergy from $86.00 to $88.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Bank of America upgraded Entergy from a “neutral” rating to a “buy” rating and set a $89.00 target price on the stock in a report on Tuesday. TheStreet lowered Entergy from a “b-” rating to a “c+” rating in a report on Wednesday, December 6th. Wells Fargo & Company reiterated an “outperform” rating and set a $96.00 target price (up previously from $90.00) on shares of Entergy in a report on Wednesday, October 25th. Finally, Jefferies Group upgraded Entergy from a “hold” rating to a “buy” rating in a report on Monday, October 16th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $83.17.

In other Entergy news, EVP Marcus V. Brown sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, October 13th. The stock was sold at an average price of $82.00, for a total value of $123,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Charles L. Rice, Jr. sold 9,234 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $86.24, for a total value of $796,340.16. The disclosure for this sale can be found here. Insiders sold 57,812 shares of company stock worth $4,907,522 in the last 90 days. Corporate insiders own 0.24% of the company’s stock.

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Entergy Company Profile

Entergy Corporation is a holding company. The Company is an integrated energy company engaged in electric power production and retail electric distribution operations. The Company operates through two business segments: Utility and Entergy Wholesale Commodities. The Utility segment includes the generation, transmission, distribution and sale of electric power to retail and wholesale customers in areas of Arkansas, Mississippi, Texas and Louisiana, including the City of New Orleans and operates a natural gas distribution business.

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Institutional Ownership by Quarter for Entergy (NYSE:ETR)

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