Chicago Partners Investment Group LLC Increases Holdings in Entergy Co. (ETR)

Chicago Partners Investment Group LLC lifted its position in Entergy Co. (NYSE:ETR) by 90.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,604 shares of the utilities provider’s stock after purchasing an additional 11,204 shares during the period. Chicago Partners Investment Group LLC’s holdings in Entergy were worth $1,802,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Advisory Services Network LLC lifted its stake in shares of Entergy by 2.1% in the 2nd quarter. Advisory Services Network LLC now owns 2,335 shares of the utilities provider’s stock valued at $179,000 after purchasing an additional 49 shares during the period. Krilogy Financial LLC lifted its stake in shares of Entergy by 1,116.0% in the 3rd quarter. Krilogy Financial LLC now owns 2,432 shares of the utilities provider’s stock valued at $186,000 after purchasing an additional 2,232 shares during the period. Parallel Advisors LLC lifted its stake in shares of Entergy by 3.0% in the 2nd quarter. Parallel Advisors LLC now owns 2,448 shares of the utilities provider’s stock valued at $188,000 after purchasing an additional 71 shares during the period. BlueMountain Capital Management LLC acquired a new position in shares of Entergy in the 2nd quarter valued at $204,000. Finally, Buckingham Asset Management LLC acquired a new position in shares of Entergy in the 3rd quarter valued at $212,000. Hedge funds and other institutional investors own 82.95% of the company’s stock.

Entergy Co. (NYSE ETR) traded down $0.66 during trading on Friday, hitting $82.66. 1,288,600 shares of the stock were exchanged, compared to its average volume of 1,212,154. Entergy Co. has a fifty-two week low of $69.63 and a fifty-two week high of $87.95. The stock has a market capitalization of $15,018.55, a price-to-earnings ratio of 12.32, a price-to-earnings-growth ratio of 1.72 and a beta of 0.55. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.78 and a quick ratio of 0.58.

Entergy (NYSE:ETR) last released its earnings results on Tuesday, October 24th. The utilities provider reported $2.35 earnings per share (EPS) for the quarter, topping the Zacks’ 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 analyst estimates of $3.13 billion. During the same quarter in the prior year, the firm earned $2.31 earnings per share. equities analysts expect that Entergy Co. will post 6.91 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Thursday, November 9th were issued a dividend of $0.89 per share. This is a positive change from Entergy’s previous quarterly dividend of $0.87. The ex-dividend date was Wednesday, November 8th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 4.31%. Entergy’s dividend payout ratio is presently -72.06%.

Several research firms recently issued reports on ETR. Morgan Stanley boosted their target price on shares of Entergy from $86.00 to $88.00 and gave the company an “equal weight” rating in a research note on Wednesday. TheStreet lowered shares of Entergy from a “b-” rating to a “c+” rating in a report on Wednesday, December 6th. Bank of America raised shares of Entergy from a “neutral” rating to a “buy” rating and set a $89.00 price target for the company in a report on Tuesday. Wells Fargo & Company reissued an “outperform” rating and issued a $96.00 price target (up previously from $90.00) on shares of Entergy in a report on Wednesday, October 25th. Finally, Jefferies Group raised shares of Entergy from a “hold” rating to a “buy” rating in a report on Monday, October 16th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Entergy currently has an average rating of “Buy” and an average target price of $83.17.

In other news, insider Charles L. Rice, Jr. sold 9,234 shares of the business’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $86.24, for a total transaction of $796,340.16. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Sallie T. Rainer sold 6,300 shares of the business’s stock in a transaction dated Friday, October 13th. The shares were sold at an average price of $82.00, for a total transaction of $516,600.00. The disclosure for this sale can be found here. Insiders have sold 57,812 shares of company stock valued at $4,907,522 in the last ninety days. Insiders own 0.24% of the company’s stock.

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Entergy Company 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.

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Institutional Ownership by Quarter for Entergy (NYSE:ETR)

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