Blue Trust Inc. Has $223,000 Holdings in Entergy Co. (NYSE:ETR)

Blue Trust Inc. boosted its holdings in shares of Entergy Co. (NYSE:ETR) by 700.0% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,696 shares of the utilities provider’s stock after purchasing an additional 1,484 shares during the period. Blue Trust Inc.’s holdings in Entergy were worth $223,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of ETR. Ameriprise Financial Inc. lifted its holdings in shares of Entergy by 47.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 6,479,044 shares of the utilities provider’s stock valued at $693,260,000 after purchasing an additional 2,075,776 shares in the last quarter. Capital International Investors lifted its stake in Entergy by 64.2% in the first quarter. Capital International Investors now owns 4,170,045 shares of the utilities provider’s stock valued at $440,690,000 after buying an additional 1,630,057 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of Entergy by 185.5% in the second quarter. Millennium Management LLC now owns 1,876,672 shares of the utilities provider’s stock valued at $200,804,000 after buying an additional 1,219,419 shares during the period. Barrow Hanley Mewhinney & Strauss LLC increased its position in shares of Entergy by 12.4% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,926,492 shares of the utilities provider’s stock worth $741,135,000 after acquiring an additional 763,834 shares in the last quarter. Finally, Panagora Asset Management Inc. raised its holdings in shares of Entergy by 89.2% during the second quarter. Panagora Asset Management Inc. now owns 1,073,603 shares of the utilities provider’s stock worth $114,876,000 after acquiring an additional 506,239 shares during the period. 88.07% of the stock is currently owned by institutional investors.

Entergy Stock Performance

Shares of ETR stock opened at $135.38 on Friday. The company has a fifty day moving average price of $127.15 and a two-hundred day moving average price of $115.63. Entergy Co. has a one year low of $90.78 and a one year high of $138.24. The stock has a market cap of $28.95 billion, a P/E ratio of 16.19, a P/E/G ratio of 2.55 and a beta of 0.74. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.94 and a quick ratio of 0.62.

Entergy (NYSE:ETR) last issued its earnings results on Thursday, August 1st. The utilities provider reported $1.92 earnings per share (EPS) for the quarter, beating 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 net margin of 14.75% and a return on equity of 10.10%. During the same period last year, the business posted $1.84 EPS. As a group, equities analysts predict that Entergy Co. will post 7.22 EPS for the current year.

Entergy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Wednesday, November 13th will be paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 3.55%. This is a boost from Entergy’s previous quarterly dividend of $1.13. Entergy’s dividend payout ratio is 54.07%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on ETR shares. BMO Capital Markets increased their target price on Entergy from $131.00 to $140.00 and gave the stock an “outperform” rating in a report on Tuesday, October 15th. Barclays decreased their price objective on Entergy from $138.00 to $137.00 and set an “overweight” rating for the company in a report on Monday, October 7th. Scotiabank boosted their target price on Entergy from $115.00 to $119.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. KeyCorp upped their price target on Entergy from $140.00 to $143.00 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, Morgan Stanley lifted their price objective on shares of Entergy from $109.00 to $115.00 and gave the company an “underweight” rating in a report on Wednesday, September 25th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $131.19.

Insider Buying and Selling at Entergy

In related news, CEO Andrew S. Marsh sold 3,200 shares of Entergy stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $121.46, for a total transaction of $388,672.00. Following the completion of the sale, the chief executive officer now owns 150,731 shares of the company’s stock, valued at approximately $18,307,787.26. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CEO Andrew S. Marsh sold 3,200 shares of Entergy stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $121.46, for a total transaction of $388,672.00. Following the completion of the sale, the chief executive officer now directly owns 150,731 shares of the company’s stock, valued at approximately $18,307,787.26. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Peter S. Norgeot, Jr. sold 11,472 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $115.16, for a total value of $1,321,115.52. Following the completion of the transaction, the chief operating officer now directly owns 37,888 shares in the company, valued at approximately $4,363,182.08. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 50,810 shares of company stock valued at $6,140,626 in the last quarter. 0.39% of the stock is currently owned by insiders.

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.