Swiss National Bank Purchases 2,300 Shares of Entergy Co. (NYSE:ETR)

Swiss National Bank grew its position in shares of Entergy Co. (NYSE:ETR) by 0.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 633,700 shares of the utilities provider’s stock after buying an additional 2,300 shares during the quarter. Swiss National Bank owned 0.30% of Entergy worth $83,401,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of ETR. Iron Horse Wealth Management LLC bought a new position in shares of Entergy during the 2nd quarter valued at $25,000. Cetera Trust Company N.A bought a new position in shares of Entergy during the 3rd quarter valued at $29,000. Fortitude Family Office LLC lifted its holdings in shares of Entergy by 423.8% during the 3rd 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 during the period. American National Bank increased its stake in shares of Entergy by 93.7% in the 2nd quarter. American National Bank now owns 277 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 134 shares in the last quarter. Finally, Coastline Trust Co purchased a new stake in shares of Entergy in the 3rd quarter worth $31,000. 88.07% of the stock is owned by institutional investors.

Entergy Trading Up 0.1 %

Shares of ETR stock opened at $149.20 on Tuesday. Entergy Co. has a 52-week low of $96.15 and a 52-week high of $156.85. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.59 and a current ratio of 0.89. The firm has a market capitalization of $31.99 billion, a PE ratio of 18.17, a PEG ratio of 2.49 and a beta of 0.71. The stock has a fifty day simple moving average of $135.56 and a two-hundred day simple moving average of $120.49.

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, beating analysts’ consensus estimates of $2.91 by $0.08. The firm had revenue of $3.39 billion during the quarter, compared to analyst estimates of $3.46 billion. Entergy had a return on equity of 9.53% and a net margin of 14.83%. During the same quarter last year, the business posted $3.27 earnings per share. On average, analysts predict that Entergy Co. will post 7.21 EPS for the current fiscal year.

Entergy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Wednesday, November 13th will be given a dividend of $1.20 per share. This is a positive change from Entergy’s previous quarterly dividend of $1.13. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 3.22%. Entergy’s dividend payout ratio (DPR) is presently 58.47%.

Insider Activity

In related news, CEO Andrew S. Marsh sold 600 shares of the stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $120.03, for a total value of $72,018.00. Following the completion of the transaction, the chief executive officer now owns 150,731 shares of the company’s stock, valued at approximately $18,092,241.93. This trade represents a 0.40 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Peter S. Norgeot, Jr. sold 7,922 shares of the stock in a transaction dated 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 completion of the transaction, the chief operating officer now directly owns 34,993 shares of the company’s stock, valued at approximately $4,549,090. The trade was a 18.46 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 40,472 shares of company stock worth $5,076,328 over the last 90 days. Corporate insiders own 0.39% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on ETR shares. Argus upgraded Entergy to a “strong-buy” rating in a research note on Wednesday, August 28th. StockNews.com upgraded Entergy from a “sell” rating to a “hold” rating in a research note on Saturday, November 9th. KeyCorp upped their price objective on Entergy from $143.00 to $162.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. UBS Group upped their price objective on Entergy from $143.00 to $144.00 and gave the stock a “buy” rating in a research note on Friday, September 20th. Finally, Barclays upped their price objective on Entergy from $137.00 to $152.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Five analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $150.42.

About Entergy

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.