Elo Mutual Pension Insurance Co raised its holdings in Entergy Co. (NYSE:ETR) by 1.5% in the first quarter, Holdings Channel reports. The firm owned 14,446 shares of the utilities provider’s stock after purchasing an additional 212 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Entergy were worth $1,437,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also made changes to their positions in ETR. Inspire Advisors LLC bought a new position in Entergy in the 4th quarter valued at $32,000. Truvestments Capital LLC bought a new position in Entergy in the 4th quarter valued at $34,000. Tompkins Financial Corp bought a new position in Entergy in the 4th quarter valued at $35,000. Valley Brook Capital Group bought a new position in Entergy in the 4th quarter valued at $39,000. Finally, Mach 1 Financial Group Inc. bought a new position in Entergy in the 4th quarter valued at $40,000. Hedge funds and other institutional investors own 85.34% of the company’s stock.
A number of research analysts have issued reports on ETR shares. KeyCorp restated a “sector weight” rating on shares of Entergy in a research note on Monday, March 15th. Mizuho upped their price objective on Entergy from $105.00 to $120.00 and gave the company a “buy” rating in a research note on Tuesday, March 30th. Morgan Stanley dropped their price target on Entergy from $119.00 to $117.00 and set an “equal weight” rating on the stock in a research report on Tuesday, May 18th. Vertical Research raised Entergy from a “hold” rating to a “buy” rating and set a $120.00 price target on the stock in a research report on Thursday, April 29th. Finally, Wells Fargo & Company upped their price target on Entergy from $105.00 to $119.00 and gave the company an “overweight” rating in a research report on Thursday, April 29th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $116.57.
Entergy (NYSE:ETR) last issued its quarterly earnings data on Tuesday, April 27th. The utilities provider reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.30. The business had revenue of $2.84 billion for the quarter, compared to analysts’ expectations of $2.60 billion. Entergy had a return on equity of 11.30% and a net margin of 15.41%. During the same quarter in the prior year, the firm posted $1.14 EPS. As a group, research analysts predict that Entergy Co. will post 5.96 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 1st. Investors of record on Thursday, May 6th were issued a dividend of $0.95 per share. The ex-dividend date was Wednesday, May 5th. This represents a $3.80 dividend on an annualized basis and a yield of 3.50%. Entergy’s dividend payout ratio (DPR) is 67.14%.
In other Entergy news, insider Laura R. Landreaux sold 1,200 shares of the company’s stock in a transaction dated Friday, May 28th. The stock was sold at an average price of $104.93, for a total value of $125,916.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Paul D. Hinnenkamp sold 3,000 shares of the company’s stock in a transaction dated Wednesday, June 9th. The stock was sold at an average price of $107.28, for a total value of $321,840.00. The disclosure for this sale can be found here. Insiders have sold a total of 30,041 shares of company stock worth $3,256,149 in the last three months. 0.34% of the stock is currently owned by insiders.
Entergy Company Profile
Entergy Corporation, together with its subsidiaries, engages in the production and distribution of electricity in the United States. The company generates electricity through gas/oil, nuclear, coal, hydro, and solar power sources. It operates in two segments, Utility and Entergy Wholesale Commodities.
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