Sound Income Strategies LLC Grows Stock Position in Entergy Co. (NYSE:ETR)

Sound Income Strategies LLC increased its position in shares of Entergy Co. (NYSE:ETR – Get Rating) by 12.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 36,923 shares of the utilities provider’s stock after buying an additional 4,219 shares during the quarter. Sound Income Strategies LLC’s holdings in Entergy were worth $4,154,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Fairfield Bush & CO. purchased a new stake in shares of Entergy during the 1st quarter valued at approximately $29,000. Wagner Wealth Management LLC acquired a new stake in Entergy in the 2nd quarter valued at approximately $32,000. Mach 1 Financial Group LLC acquired a new stake in Entergy in the 3rd quarter valued at approximately $38,000. New Millennium Group LLC acquired a new stake in Entergy in the 2nd quarter valued at approximately $47,000. Finally, Estabrook Capital Management acquired a new stake in Entergy in the 1st quarter valued at approximately $48,000. Hedge funds and other institutional investors own 89.98% of the company’s stock.

Insider Activity at Entergy

In other news, insider Deanna D. Rodriguez sold 300 shares of the company’s stock in a transaction dated Thursday, March 9th. The shares were sold at an average price of $103.96, for a total value of $31,188.00. Following the completion of the sale, the insider now directly owns 3,269 shares of the company’s stock, valued at $339,845.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Deanna D. Rodriguez sold 300 shares of the company’s stock in a transaction dated Thursday, March 9th. The shares were sold at an average price of $103.96, for a total value of $31,188.00. Following the completion of the sale, the insider now directly owns 3,269 shares of the company’s stock, valued at $339,845.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Haley Fisackerly sold 3,890 shares of the company’s stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $108.42, for a total transaction of $421,753.80. Following the completion of the sale, the insider now directly owns 1,656 shares of the company’s stock, valued at $179,543.52. The disclosure for this sale can be found here. Insiders sold a total of 17,092 shares of company stock valued at $1,821,838 over the last ninety days. Insiders own 0.37% of the company’s stock.

Entergy Stock Down 1.3 %

Shares of Entergy stock traded down $1.33 during trading on Friday, hitting $104.57. 2,646,118 shares of the stock were exchanged, compared to its average volume of 1,547,737. The stock has a market cap of $22.11 billion, a price-to-earnings ratio of 19.40, a price-to-earnings-growth ratio of 2.59 and a beta of 0.63. The firm’s 50-day moving average price is $106.41 and its 200 day moving average price is $109.27. Entergy Co. has a 12-month low of $94.94 and a 12-month high of $126.82. The company has a debt-to-equity ratio of 1.82, a current ratio of 0.64 and a quick ratio of 0.43.

Entergy (NYSE:ETR – Get Rating) last announced its quarterly earnings results on Thursday, February 16th. The utilities provider reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.06. Entergy had a net margin of 8.01% and a return on equity of 10.88%. The firm had revenue of $3.27 billion during the quarter, compared to analysts’ expectations of $2.65 billion. During the same period in the previous year, the company earned $0.76 earnings per share. As a group, analysts forecast that Entergy Co. will post 6.68 earnings per share for the current fiscal year.

Entergy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 1st. Investors of record on Friday, February 10th were given a $1.07 dividend. The ex-dividend date of this dividend was Thursday, February 9th. This represents a $4.28 dividend on an annualized basis and a yield of 4.09%. Entergy’s dividend payout ratio (DPR) is presently 79.41%.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. StockNews.com assumed coverage on shares of Entergy in a report on Thursday. They issued a “hold” rating for the company. Mizuho dropped their price target on shares of Entergy from $114.00 to $113.00 and set a “buy” rating for the company in a research note on Thursday, January 19th. Morgan Stanley dropped their price target on shares of Entergy from $108.00 to $103.00 and set an “underweight” rating for the company in a research note on Wednesday, February 22nd. TheStreet downgraded shares of Entergy from a “b” rating to a “c+” rating in a research note on Thursday, February 16th. Finally, Bank of America downgraded shares of Entergy from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $135.00 to $119.00 in a research note on Tuesday, January 3rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $122.47.

Entergy Profile

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Entergy Corp. is a holding company, which engages in electric power generation and distribution. It operates through the following segments: Utility and Entergy Wholesale Commodities. The Utility segment includes the generation, transmission, distribution, and sale of electric power and the operations of a natural gas distribution business.