Entergy Co. (NYSE:ETR) Shares Bought by 1832 Asset Management L.P.

1832 Asset Management L.P. boosted its holdings in shares of Entergy Co. (NYSE:ETR) by 33.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 669,018 shares of the utilities provider’s stock after purchasing an additional 166,118 shares during the period. 1832 Asset Management L.P. owned about 0.32% of Entergy worth $67,698,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Wealth Alliance lifted its position in Entergy by 1.2% during the fourth quarter. Wealth Alliance now owns 8,201 shares of the utilities provider’s stock valued at $830,000 after purchasing an additional 101 shares during the period. Marino Stram & Associates LLC raised its position in shares of Entergy by 1.8% in the fourth quarter. Marino Stram & Associates LLC now owns 5,778 shares of the utilities provider’s stock worth $585,000 after acquiring an additional 102 shares during the period. Prossimo Advisors LLC raised its position in shares of Entergy by 2.5% in the fourth quarter. Prossimo Advisors LLC now owns 4,512 shares of the utilities provider’s stock worth $457,000 after acquiring an additional 110 shares during the period. Stratos Wealth Partners LTD. raised its position in shares of Entergy by 1.9% in the fourth quarter. Stratos Wealth Partners LTD. now owns 6,657 shares of the utilities provider’s stock worth $674,000 after acquiring an additional 124 shares during the period. Finally, Cary Street Partners Investment Advisory LLC raised its position in shares of Entergy by 2.3% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 5,550 shares of the utilities provider’s stock worth $562,000 after acquiring an additional 126 shares during the period. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Entergy news, insider Haley Fisackerly sold 1,500 shares of the stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $110.23, for a total transaction of $165,345.00. Following the sale, the insider now directly owns 2,479 shares in the company, valued at approximately $273,260.17. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Entergy news, insider Haley Fisackerly sold 1,500 shares of the stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $110.23, for a total value of $165,345.00. Following the sale, the insider now directly owns 2,479 shares of the company’s stock, valued at approximately $273,260.17. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Reginald T. Jackson sold 9,229 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $108.71, for a total transaction of $1,003,284.59. Following the completion of the sale, the chief accounting officer now directly owns 2,166 shares in the company, valued at $235,465.86. The disclosure for this sale can be found here. Insiders have sold a total of 20,729 shares of company stock worth $2,194,615 in the last ninety days. 0.54% of the stock is owned by corporate insiders.

Entergy Trading Down 0.6 %

Shares of ETR stock traded down $0.69 during trading hours on Wednesday, hitting $110.90. The company had a trading volume of 1,895,923 shares, compared to its average volume of 1,499,610. The company’s fifty day moving average is $107.95 and its 200 day moving average is $103.61. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.69 and a quick ratio of 0.45. Entergy Co. has a fifty-two week low of $87.10 and a fifty-two week high of $114.28. The stock has a market capitalization of $23.68 billion, a PE ratio of 11.12, a price-to-earnings-growth ratio of 2.11 and a beta of 0.73.

Entergy (NYSE:ETR) last issued its quarterly earnings data on Wednesday, April 24th. The utilities provider reported $1.08 EPS for the quarter, missing the consensus estimate of $1.44 by ($0.36). Entergy had a return on equity of 10.20% and a net margin of 17.75%. The company had revenue of $31.17 billion during the quarter, compared to analyst estimates of $3.16 billion. During the same quarter in the prior year, the company posted $1.14 earnings per share. The business’s revenue was down .5% compared to the same quarter last year. Research analysts expect that Entergy Co. will post 7.23 earnings per share for the current fiscal year.

Entergy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Thursday, May 2nd were issued a $1.13 dividend. The ex-dividend date of this dividend was Wednesday, May 1st. This represents a $4.52 annualized dividend and a dividend yield of 4.08%. Entergy’s dividend payout ratio is currently 45.34%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on ETR shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $117.00 price objective on shares of Entergy in a research report on Monday, February 26th. Mizuho boosted their target price on shares of Entergy from $107.00 to $114.00 and gave the stock a “buy” rating in a research note on Friday, May 31st. Wells Fargo & Company boosted their target price on shares of Entergy from $122.00 to $125.00 and gave the stock an “overweight” rating in a research note on Wednesday. Scotiabank cut their target price on shares of Entergy from $111.00 to $104.00 and set a “sector perform” rating for the company in a research note on Monday, April 22nd. Finally, KeyCorp upped their price objective on shares of Entergy from $112.00 to $123.00 and gave the company an “overweight” rating in a research note on Monday, May 20th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $113.92.

About Entergy

Entergy Corporation, together with its subsidiaries, engages in the production and retail distribution of electricity in the United States. It 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.