Affinity Investment Advisors LLC Invests $206,000 in Entergy Co. (NYSE:ETR)

Affinity Investment Advisors LLC acquired a new stake in Entergy Co. (NYSE:ETR) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 1,567 shares of the utilities provider’s stock, valued at approximately $206,000.

Several other large investors have also added to or reduced their stakes in the business. Iron Horse Wealth Management LLC bought a new stake in Entergy during the second quarter worth about $25,000. Heritage Wealth Advisors raised its stake in shares of Entergy by 2,172.7% during 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. Cetera Trust Company N.A acquired a new stake in shares of Entergy in the 3rd quarter valued at approximately $29,000. Fortitude Family Office LLC grew its stake in shares of Entergy by 423.8% in the third quarter. Fortitude Family Office LLC now owns 220 shares of the utilities provider’s stock valued at $29,000 after buying an additional 178 shares in the last quarter. Finally, American National Bank increased its holdings in Entergy by 93.7% during the second quarter. American National Bank now owns 277 shares of the utilities provider’s stock worth $30,000 after buying an additional 134 shares during the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Insiders Place Their Bets

In other news, COO Peter S. Norgeot, Jr. sold 7,922 shares of Entergy stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $130.00, for a total transaction of $1,029,860.00. Following the transaction, the chief operating officer now owns 34,993 shares in the company, valued at approximately $4,549,090. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Eliecer Viamontes sold 5,166 shares of the business’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $120.00, for a total value of $619,920.00. Following the transaction, the insider now owns 5,117 shares in the company, valued at $614,040. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Peter S. Norgeot, Jr. sold 7,922 shares of the stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $130.00, for a total value of $1,029,860.00. Following the sale, the chief operating officer now owns 34,993 shares of the company’s stock, valued at approximately $4,549,090. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 50,810 shares of company stock valued at $6,140,626 in the last ninety days. 0.39% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on ETR shares. Guggenheim increased their price target on shares of Entergy from $145.00 to $165.00 and gave the company a “buy” rating in a research note on Friday. JPMorgan Chase & Co. raised their price objective on Entergy from $131.00 to $141.00 and gave the company an “overweight” rating in a research report on Monday, August 12th. Morgan Stanley boosted their target price on Entergy from $109.00 to $115.00 and gave the stock an “underweight” rating in a report on Wednesday, September 25th. Royal Bank of Canada increased their price target on Entergy from $137.00 to $140.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Finally, KeyCorp lifted their price objective on shares of Entergy from $143.00 to $162.00 and gave the stock an “overweight” rating in a research report on Friday. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $141.96.

Entergy Stock Performance

NYSE:ETR opened at $144.79 on Friday. The company has a market cap of $30.96 billion, a price-to-earnings ratio of 17.64, a PEG ratio of 2.54 and a beta of 0.74. Entergy Co. has a fifty-two week low of $94.85 and a fifty-two week high of $156.85. 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 fifty day moving average price of $129.72 and a 200-day moving average price of $117.12.

Entergy (NYSE:ETR) last issued its quarterly earnings data on Thursday, October 31st. The utilities provider reported $2.99 earnings per share for the quarter, topping analysts’ consensus estimates of $2.91 by $0.08. The business had revenue of $3.39 billion for the quarter, compared to analyst estimates of $3.46 billion. Entergy had a return on equity of 10.10% and a net margin of 14.75%. During the same quarter in the previous year, the company posted $3.27 EPS. As a group, equities analysts anticipate that Entergy Co. will post 7.21 EPS for the current fiscal year.

Entergy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Wednesday, November 13th will be given a dividend of $1.20 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This is an increase from Entergy’s previous quarterly dividend of $1.13. This represents a $4.80 annualized dividend and a yield of 3.32%. Entergy’s dividend payout ratio (DPR) is currently 58.47%.

Entergy Company 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.