Entergy Co. (ETR) Shares Bought by BB&T Securities LLC

BB&T Securities LLC raised its holdings in shares of Entergy Co. (NYSE:ETR) by 12.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,304 shares of the utilities provider’s stock after purchasing an additional 2,071 shares during the period. BB&T Securities LLC’s holdings in Entergy were worth $1,474,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in ETR. Castleton Investment Management LLC acquired a new stake in shares of Entergy in the 2nd quarter valued at approximately $16,800,000. Principal Financial Group Inc. raised its position in shares of Entergy by 99.4% in the 2nd quarter. Principal Financial Group Inc. now owns 902,639 shares of the utilities provider’s stock valued at $69,296,000 after acquiring an additional 449,986 shares during the period. BlackRock Inc. raised its position in shares of Entergy by 1.0% in the 2nd quarter. BlackRock Inc. now owns 16,243,801 shares of the utilities provider’s stock valued at $1,247,035,000 after acquiring an additional 154,117 shares during the period. Prudential Financial Inc. raised its position in shares of Entergy by 4.3% in the 2nd quarter. Prudential Financial Inc. now owns 585,575 shares of the utilities provider’s stock valued at $44,954,000 after acquiring an additional 23,946 shares during the period. Finally, Swiss National Bank raised its position in shares of Entergy by 3.3% in the 2nd quarter. Swiss National Bank now owns 655,522 shares of the utilities provider’s stock valued at $50,324,000 after acquiring an additional 20,800 shares during the period. Institutional investors own 82.95% of the company’s stock.

In related news, EVP Marcus V. Brown sold 1,500 shares of the firm’s stock in a transaction on Friday, October 13th. The shares were sold at an average price of $82.00, for a total value of $123,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Haley Fisackerly sold 4,800 shares of the firm’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $87.00, for a total transaction of $417,600.00. Following the completion of the transaction, the insider now directly owns 5,276 shares of the company’s stock, valued at $459,012. The disclosure for this sale can be found here. Insiders sold 57,812 shares of company stock valued at $4,907,522 over the last three months. 0.24% of the stock is owned by company insiders.

A number of research firms recently issued reports on ETR. Mizuho raised Entergy from a “neutral” rating to a “buy” rating in a research note on Friday, November 17th. TheStreet raised Entergy from a “c” rating to a “b-” rating in a research note on Friday, October 27th. Wells Fargo & Company reissued an “outperform” rating and set a $96.00 target price (up from $90.00) on shares of Entergy in a research note on Wednesday, October 25th. Bank of America began coverage on Entergy in a research note on Tuesday, October 24th. They set a “neutral” rating and a $86.00 target price for the company. Finally, Jefferies Group raised Entergy from a “hold” rating to a “buy” rating in a research note on Monday, October 16th. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $82.42.

Entergy Co. (NYSE ETR) opened at $83.59 on Thursday. The firm has a market cap of $14,984.30, a P/E ratio of 12.30, a PEG ratio of 1.71 and a beta of 0.55. Entergy Co. has a 52 week low of $69.49 and a 52 week high of $87.95. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.58 and a current ratio of 0.78.

Entergy (NYSE:ETR) last released its earnings results on Tuesday, October 24th. The utilities provider reported $2.35 earnings per share for the quarter, beating the consensus estimate of $2.24 by $0.11. Entergy had a negative net margin of 7.82% and a positive return on equity of 14.76%. The business had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $3.13 billion. During the same period last year, the business earned $2.31 earnings per share. equities research analysts predict that Entergy Co. will post 6.93 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Thursday, November 9th were paid a $0.89 dividend. The ex-dividend date of this dividend was Wednesday, November 8th. This is a boost from Entergy’s previous quarterly dividend of $0.87. This represents a $3.56 annualized dividend and a dividend yield of 4.26%. Entergy’s dividend payout ratio (DPR) is currently -72.06%.

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Entergy 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.

Institutional Ownership by Quarter for Entergy (NYSE:ETR)

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