Raymond James Financial Services Advisors Inc. lowered its holdings in Entergy Co. (NYSE:ETR) by 4.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,002 shares of the utilities provider’s stock after selling 664 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Entergy were worth $1,530,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in ETR. CIBC Asset Management Inc increased its position in shares of Entergy by 5.4% during the 1st quarter. CIBC Asset Management Inc now owns 26,557 shares of the utilities provider’s stock valued at $2,540,000 after purchasing an additional 1,355 shares during the last quarter. American International Group Inc. grew its position in Entergy by 3.7% during the 1st quarter. American International Group Inc. now owns 67,004 shares of the utilities provider’s stock worth $6,408,000 after acquiring an additional 2,371 shares during the last quarter. Toronto Dominion Bank grew its position in Entergy by 21.6% during the 1st quarter. Toronto Dominion Bank now owns 121,918 shares of the utilities provider’s stock worth $11,656,000 after acquiring an additional 21,621 shares during the last quarter. Mn Services Vermogensbeheer B.V. grew its position in Entergy by 6.2% during the 1st quarter. Mn Services Vermogensbeheer B.V. now owns 32,617 shares of the utilities provider’s stock worth $3,119,000 after acquiring an additional 1,900 shares during the last quarter. Finally, State Treasurer State of Michigan grew its position in Entergy by 5.4% during the 1st quarter. State Treasurer State of Michigan now owns 54,615 shares of the utilities provider’s stock worth $5,223,000 after acquiring an additional 2,800 shares during the last quarter. 87.88% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts recently issued reports on the company. Morgan Stanley raised their price target on Entergy from $104.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday, May 16th. Macquarie set a $100.00 price target on Entergy and gave the stock a “buy” rating in a research report on Thursday, May 2nd. ValuEngine upgraded Entergy from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st. Zacks Investment Research lowered Entergy from a “buy” rating to a “hold” rating in a research report on Tuesday, April 30th. Finally, Wells Fargo & Co raised their price target on Entergy from $99.00 to $105.00 and gave the stock an “outperform” rating in a research report on Thursday, February 21st. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $93.50.

In other news, Chairman Leo P. Denault sold 44,279 shares of Entergy stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $97.50, for a total value of $4,317,202.50. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Haley Fisackerly sold 2,200 shares of Entergy stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $99.00, for a total value of $217,800.00. Following the completion of the sale, the insider now owns 4,648 shares in the company, valued at $460,152. The disclosure for this sale can be found here. Over the last quarter, insiders sold 131,908 shares of company stock worth $12,796,428. Corporate insiders own 0.27% of the company’s stock.

Shares of ETR stock opened at $98.02 on Tuesday. The company has a market capitalization of $18.40 billion, a PE ratio of 13.41, a price-to-earnings-growth ratio of 2.63 and a beta of 0.36. Entergy Co. has a fifty-two week low of $75.83 and a fifty-two week high of $99.84. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.52 and a current ratio of 0.70.

Entergy (NYSE:ETR) last issued its quarterly earnings data on Wednesday, May 1st. The utilities provider reported $0.82 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.94 by ($0.12). The business had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.67 billion. Entergy had a return on equity of 15.17% and a net margin of 9.04%. During the same quarter in the prior year, the business posted $0.83 earnings per share. Research analysts forecast that Entergy Co. will post 5.28 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Thursday, May 9th were given a $0.91 dividend. The ex-dividend date of this dividend was Wednesday, May 8th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.71%. Entergy’s dividend payout ratio is currently 49.79%.

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Entergy Company Profile

Entergy Corporation, together with its subsidiaries, engages in the production and distribution of electricity in the United States. It generates electricity through gas/oil, nuclear, coal, hydro, and solar power sources. The company's Utility segment generates, transmits, distributes, and sells electric power in portions of Arkansas, Mississippi, Texas, and Louisiana, including the City of New Orleans; and distributes natural gas.

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Institutional Ownership by Quarter for Entergy (NYSE:ETR)

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