Sequoia Financial Advisors LLC Has $625,000 Stock Position in Entergy Corporation $ETR

Sequoia Financial Advisors LLC lifted its stake in Entergy Corporation (NYSE:ETRFree Report) by 9.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,517 shares of the utilities provider’s stock after acquiring an additional 638 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Entergy were worth $625,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of ETR. TD Asset Management Inc increased its position in Entergy by 964.8% during the first quarter. TD Asset Management Inc now owns 3,055,698 shares of the utilities provider’s stock worth $261,232,000 after buying an additional 2,768,734 shares during the last quarter. Vanguard Group Inc. increased its position in Entergy by 5.2% during the first quarter. Vanguard Group Inc. now owns 54,828,994 shares of the utilities provider’s stock worth $4,687,331,000 after buying an additional 2,695,348 shares during the last quarter. Alkeon Capital Management LLC acquired a new position in Entergy during the first quarter worth approximately $194,429,000. Nuveen LLC acquired a new position in Entergy during the first quarter worth approximately $123,648,000. Finally, Zimmer Partners LP increased its position in Entergy by 285.5% during the first quarter. Zimmer Partners LP now owns 1,133,474 shares of the utilities provider’s stock worth $96,901,000 after buying an additional 839,474 shares during the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Entergy Trading Down 0.2%

Shares of ETR stock opened at $95.80 on Monday. The company has a current ratio of 0.80, a quick ratio of 0.52 and a debt-to-equity ratio of 1.73. The stock has a market cap of $42.77 billion, a P/E ratio of 23.86, a price-to-earnings-growth ratio of 2.41 and a beta of 0.62. The stock has a 50 day simple moving average of $91.02 and a 200 day simple moving average of $86.10. Entergy Corporation has a 1 year low of $66.75 and a 1 year high of $98.58.

Entergy (NYSE:ETRGet Free Report) last issued its quarterly earnings results on Friday, July 8th. The utilities provider reported $0.71 earnings per share (EPS) for the quarter. The business had revenue of $2.37 billion during the quarter. Entergy had a return on equity of 11.52% and a net margin of 14.35%. On average, research analysts predict that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Wednesday, August 13th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Wednesday, August 13th. Entergy’s payout ratio is 59.85%.

Insiders Place Their Bets

In other Entergy news, insider Haley Fisackerly sold 4,463 shares of the company’s stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $90.50, for a total transaction of $403,901.50. Following the completion of the sale, the insider directly owned 3,318 shares in the company, valued at $300,279. This represents a 57.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.47% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on ETR shares. Barclays set a $100.00 price objective on Entergy and gave the stock an “overweight” rating in a report on Monday, October 6th. Evercore ISI set a $98.00 price objective on Entergy and gave the stock an “in-line” rating in a report on Monday, October 6th. KeyCorp restated an “overweight” rating and set a $106.00 price objective (up previously from $96.00) on shares of Entergy in a report on Wednesday. Weiss Ratings restated a “buy (b)” rating on shares of Entergy in a report on Wednesday, October 8th. Finally, Morgan Stanley reduced their price objective on Entergy from $86.00 to $85.00 and set an “equal weight” rating for the company in a report on Thursday, September 25th. Twelve investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Entergy has a consensus rating of “Moderate Buy” and an average target price of $97.57.

View Our Latest Stock Report on ETR

Entergy Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Entergy (NYSE:ETR)

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