Spire Wealth Management Has $62,000 Stock Holdings in Entergy Co. (NYSE:ETR)

Spire Wealth Management raised its position in Entergy Co. (NYSE:ETR) by 30.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 638 shares of the utilities provider’s stock after buying an additional 149 shares during the quarter. Spire Wealth Management’s holdings in Entergy were worth $62,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Fairfield Bush & CO. acquired a new position in shares of Entergy during the 1st quarter valued at $29,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Entergy in the first quarter worth about $39,000. Jones Financial Companies Lllp purchased a new stake in Entergy in the first quarter valued at approximately $42,000. Clear Street Markets LLC grew its position in Entergy by 93.2% during the first quarter. Clear Street Markets LLC now owns 398 shares of the utilities provider’s stock valued at $43,000 after acquiring an additional 192 shares during the last quarter. Finally, Estabrook Capital Management bought a new position in Entergy during the first quarter valued at approximately $48,000. 86.52% of the stock is owned by institutional investors.

Insider Activity at Entergy

In other Entergy news, EVP Marcus V. Brown sold 13,500 shares of the stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $95.40, for a total transaction of $1,287,900.00. Following the completion of the sale, the executive vice president now directly owns 9,251 shares of the company’s stock, valued at approximately $882,545.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.39% of the company’s stock.

Analyst Ratings Changes

ETR has been the topic of a number of recent research reports. Barclays reduced their price target on shares of Entergy from $98.00 to $94.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 24th. BMO Capital Markets cut their target price on shares of Entergy from $120.00 to $114.00 and set an “outperform” rating on the stock in a report on Wednesday, August 30th. JPMorgan Chase & Co. cut their target price on shares of Entergy from $124.00 to $117.00 and set an “overweight” rating on the stock in a report on Tuesday, October 17th. StockNews.com assumed coverage on shares of Entergy in a report on Thursday, October 5th. They issued a “hold” rating on the stock. Finally, Morgan Stanley cut their target price on shares of Entergy from $97.00 to $92.00 and set an “underweight” rating on the stock in a report on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $110.17.

Entergy Trading Down 0.2 %

Entergy stock opened at $98.96 on Tuesday. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.65 and a current ratio of 0.91. Entergy Co. has a one year low of $87.10 and a one year high of $120.78. The stock has a market cap of $20.93 billion, a PE ratio of 14.22, a price-to-earnings-growth ratio of 2.52 and a beta of 0.67. The stock has a 50-day moving average of $95.20 and a two-hundred day moving average of $97.79.

Entergy (NYSE:ETR) last announced its quarterly earnings results on Wednesday, November 1st. The utilities provider reported $3.27 EPS for the quarter, beating the consensus estimate of $2.97 by $0.30. Entergy had a return on equity of 10.77% and a net margin of 11.56%. The business had revenue of $3.60 billion for the quarter, compared to analyst estimates of $4.22 billion. During the same quarter in the prior year, the company posted $2.84 EPS. On average, research analysts anticipate that Entergy Co. will post 6.72 EPS for the current fiscal year.

Entergy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Tuesday, November 14th will be given a $1.13 dividend. The ex-dividend date is Monday, November 13th. This is a boost from Entergy’s previous quarterly dividend of $1.07. This represents a $4.52 dividend on an annualized basis and a dividend yield of 4.57%. Entergy’s dividend payout ratio is 64.94%.

Entergy Company Profile

Entergy Corporation, together with its subsidiaries, engages in the production and retail distribution of electricity in the United States. The company operates in two segments, Utility and Entergy Wholesale Commodities. The Utility segment 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.