Pathway Financial Advisers LLC Has $5.12 Million Holdings in Entergy Co. (NYSE:ETR)

by · The Cerbat Gem

Pathway Financial Advisers LLC lifted its holdings in shares of Entergy Co. (NYSE:ETR – Free Report) by 21,143.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 38,875 shares of the utilities provider’s stock after purchasing an additional 38,692 shares during the period. Pathway Financial Advisers LLC’s holdings in Entergy were worth $5,116,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the business. Bank & Trust Co raised its holdings in shares of Entergy by 12.8% in the 3rd quarter. Bank & Trust Co now owns 795 shares of the utilities provider’s stock worth $105,000 after acquiring an additional 90 shares during the last quarter. HBK Sorce Advisory LLC raised its holdings in shares of Entergy by 2.3% in the 2nd quarter. HBK Sorce Advisory LLC now owns 4,075 shares of the utilities provider’s stock worth $436,000 after acquiring an additional 92 shares during the last quarter. Alliance Wealth Advisors LLC raised its holdings in shares of Entergy by 3.7% in the 3rd quarter. Alliance Wealth Advisors LLC now owns 2,591 shares of the utilities provider’s stock worth $341,000 after acquiring an additional 92 shares during the last quarter. Marino Stram & Associates LLC raised its holdings in shares of Entergy by 1.6% in the 3rd quarter. Marino Stram & Associates LLC now owns 5,986 shares of the utilities provider’s stock worth $788,000 after acquiring an additional 95 shares during the last quarter. Finally, CarsonAllaria Wealth Management Ltd. raised its holdings in shares of Entergy by 5.4% in the 3rd quarter. CarsonAllaria Wealth Management Ltd. now owns 1,858 shares of the utilities provider’s stock worth $245,000 after acquiring an additional 95 shares during the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Insider Buying and Selling at Entergy

In other Entergy news, CEO Andrew S. Marsh sold 3,200 shares of the firm’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $121.46, for a total value of $388,672.00. Following the completion of the transaction, the chief executive officer now directly owns 150,731 shares of the company’s stock, valued at $18,307,787.26. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, COO Peter S. Norgeot, Jr. sold 11,472 shares of Entergy stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $115.16, for a total transaction of $1,321,115.52. Following the completion of the sale, the chief operating officer now directly owns 37,888 shares of the company’s stock, valued at approximately $4,363,182.08. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Andrew S. Marsh sold 3,200 shares of Entergy stock in a transaction 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 sale, the chief executive officer now directly owns 150,731 shares of the company’s stock, valued at $18,307,787.26. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 50,810 shares of company stock valued at $6,140,626 in the last three months. Company insiders own 0.54% of the company’s stock.

Entergy Stock Down 1.6 %

ETR opened at $134.13 on Wednesday. The company has a 50 day moving average of $128.17 and a 200 day moving average of $116.43. The company has a market cap of $28.68 billion, a PE ratio of 16.04, a price-to-earnings-growth ratio of 2.56 and a beta of 0.74. Entergy Co. has a 12 month low of $92.31 and a 12 month high of $138.24. The company has a current ratio of 0.94, a quick ratio of 0.62 and a debt-to-equity ratio of 1.81.

Entergy (NYSE:ETR – Get Free Report) last released its quarterly earnings data on Thursday, August 1st. The utilities provider reported $1.92 EPS for the quarter, topping the consensus estimate of $1.76 by $0.16. Entergy had a net margin of 14.75% and a return on equity of 10.10%. The company had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $2.98 billion. During the same period last year, the firm earned $1.84 EPS. On average, sell-side analysts expect that Entergy Co. will post 7.21 EPS for the current year.

Entergy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Wednesday, November 13th will be issued a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 3.58%. This is an increase from Entergy’s previous quarterly dividend of $1.13. The ex-dividend date of this dividend is Wednesday, November 13th. Entergy’s dividend payout ratio (DPR) is presently 54.07%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on ETR shares. UBS Group upped their target price on shares of Entergy from $143.00 to $144.00 and gave the stock a “buy” rating in a report on Friday, September 20th. Royal Bank of Canada increased their price objective on shares of Entergy from $137.00 to $140.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Morgan Stanley increased their price objective on shares of Entergy from $109.00 to $115.00 and gave the company an “underweight” rating in a research note on Wednesday, September 25th. Argus upgraded shares of Entergy to a “strong-buy” rating in a research note on Wednesday, August 28th. Finally, Barclays decreased their price objective on shares of Entergy from $138.00 to $137.00 and set an “overweight” rating for the company in a research note on Monday, October 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $131.19.

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Entergy Profile

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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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