South Dakota Investment Council lessened its holdings in Entergy Co. (NYSE:ETR) by 43.3% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,800 shares of the utilities provider’s stock after selling 15,900 shares during the period. South Dakota Investment Council’s holdings in Entergy were worth $1,588,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in ETR. Dimensional Fund Advisors LP boosted its stake in shares of Entergy by 2.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 406,463 shares of the utilities provider’s stock worth $30,875,000 after buying an additional 9,521 shares during the last quarter. Louisiana State Employees Retirement System lifted its stake in Entergy by 0.9% in the second quarter. Louisiana State Employees Retirement System now owns 11,100 shares of the utilities provider’s stock valued at $852,000 after purchasing an additional 100 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in Entergy by 0.9% in the second quarter. Russell Investments Group Ltd. now owns 713,194 shares of the utilities provider’s stock valued at $54,750,000 after purchasing an additional 6,293 shares during the last quarter. Paragon Capital Management Ltd lifted its stake in Entergy by 12.8% in the second quarter. Paragon Capital Management Ltd now owns 3,021 shares of the utilities provider’s stock valued at $232,000 after purchasing an additional 343 shares during the last quarter. Finally, Hartford Investment Management Co. lifted its stake in Entergy by 8.0% in the second quarter. Hartford Investment Management Co. now owns 51,003 shares of the utilities provider’s stock valued at $3,916,000 after purchasing an additional 3,783 shares during the last quarter. Hedge funds and other institutional investors own 82.95% of the company’s stock.

Entergy Co. (ETR) opened at $85.37 on Monday. The company has a market capitalization of $15,330.00, a price-to-earnings ratio of 12.63, a P/E/G ratio of 1.76 and a beta of 0.57. 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 Co. has a 12 month low of $67.84 and a 12 month high of $87.95.

Entergy (NYSE:ETR) last released its earnings results on Tuesday, October 24th. The utilities provider reported $2.35 EPS for the quarter, beating the Zacks’ consensus estimate of $2.24 by $0.11. The business had revenue of $3.24 billion for the quarter, compared to analysts’ expectations of $3.13 billion. Entergy had a positive return on equity of 14.76% and a negative net margin of 7.82%. During the same quarter in the prior year, the firm earned $2.31 earnings per share. equities analysts forecast that Entergy Co. will post 6.93 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Thursday, November 9th will be given a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a yield of 4.17%. This is a positive change from Entergy’s previous quarterly dividend of $0.87. The ex-dividend date is Wednesday, November 8th. Entergy’s dividend payout ratio is presently -72.06%.

Several research firms recently commented on ETR. Mizuho upgraded Entergy from a “neutral” rating to a “buy” rating in a research note on Friday, November 17th. TheStreet upgraded Entergy from a “c” rating to a “b-” rating in a research note on Friday, October 27th. Wells Fargo & Company reiterated an “outperform” rating and issued a $96.00 price objective (up previously from $90.00) on shares of Entergy in a research note on Wednesday, October 25th. Bank of America Corporation began coverage on shares of Entergy in a report on Tuesday, October 24th. They set a “neutral” rating and a $86.00 target price on the stock. Finally, Jefferies Group LLC raised shares of Entergy from a “hold” rating to a “buy” rating in a report on Monday, October 16th. Eight equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Entergy presently has a consensus rating of “Hold” and a consensus target price of $82.42.

In other Entergy news, insider Sallie T. Rainer sold 6,300 shares of the company’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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Marcus V. Brown sold 1,500 shares of the company’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 $123,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 57,812 shares of company stock valued at $4,907,522. Company 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.

Institutional Ownership by Quarter for Entergy (NYSE:ETR)

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