Leeward Investments LLC MA Sells 3,360 Shares of Entergy Co. (NYSE:ETR)

Leeward Investments LLC MA decreased its holdings in Entergy Co. (NYSE:ETR) by 2.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 124,646 shares of the utilities provider’s stock after selling 3,360 shares during the period. Leeward Investments LLC MA’s holdings in Entergy were worth $12,613,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Commonwealth Equity Services LLC boosted its stake in Entergy by 1.2% during the third quarter. Commonwealth Equity Services LLC now owns 38,239 shares of the utilities provider’s stock valued at $3,537,000 after buying an additional 467 shares during the last quarter. Ferguson Wellman Capital Management Inc. boosted its stake in Entergy by 1.7% during the fourth quarter. Ferguson Wellman Capital Management Inc. now owns 595,644 shares of the utilities provider’s stock valued at $60,273,000 after buying an additional 9,696 shares during the last quarter. Financial Counselors Inc. boosted its stake in Entergy by 28.9% during the fourth quarter. Financial Counselors Inc. now owns 159,395 shares of the utilities provider’s stock valued at $16,129,000 after buying an additional 35,718 shares during the last quarter. Los Angeles Capital Management LLC boosted its stake in Entergy by 464.4% during the third quarter. Los Angeles Capital Management LLC now owns 12,044 shares of the utilities provider’s stock valued at $1,114,000 after buying an additional 9,910 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its stake in Entergy by 10,063.5% during the fourth quarter. International Assets Investment Management LLC now owns 236,810 shares of the utilities provider’s stock valued at $239,630,000 after buying an additional 234,480 shares during the last quarter. Institutional investors own 88.07% of the company’s stock.

Entergy Trading Down 1.0 %

Shares of NYSE ETR traded down $1.03 during midday trading on Friday, hitting $106.50. The company’s stock had a trading volume of 2,143,470 shares, compared to its average volume of 1,430,090. The company has a current ratio of 0.69, a quick ratio of 0.32 and a debt-to-equity ratio of 1.68. The business’s 50 day moving average is $103.41 and its two-hundred day moving average is $100.67. Entergy Co. has a 12-month low of $87.10 and a 12-month high of $108.81. The firm has a market cap of $22.71 billion, a P/E ratio of 10.68, a price-to-earnings-growth ratio of 2.10 and a beta of 0.71.

Entergy (NYSE:ETR) last issued its quarterly earnings results on Wednesday, April 24th. The utilities provider reported $1.08 earnings per share 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 business had revenue of $31.17 billion during the quarter, compared to analysts’ expectations of $3.16 billion. During the same quarter in the previous year, the company posted $1.14 earnings per share. The company’s quarterly revenue was down .5% compared to the same quarter last year. As a group, equities research analysts expect that Entergy Co. will post 7.22 EPS for the current year.

Entergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Thursday, May 2nd will be issued a dividend of $1.13 per share. The ex-dividend date is Wednesday, May 1st. This represents a $4.52 annualized dividend and a yield of 4.24%. Entergy’s payout ratio is currently 45.34%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on ETR shares. Scotiabank dropped their price target on Entergy from $111.00 to $104.00 and set a “sector perform” rating for the company in a research note on Monday. Barclays decreased their price objective on Entergy from $108.00 to $107.00 and set an “equal weight” rating on the stock in a research report on Monday, April 15th. KeyCorp upped their price objective on Entergy from $108.00 to $112.00 and gave the company an “overweight” rating in a research report on Friday, April 19th. Royal Bank of Canada restated an “outperform” rating and set a $117.00 price objective on shares of Entergy in a research report on Monday, February 26th. Finally, BMO Capital Markets upped their price objective on Entergy from $110.00 to $113.00 and gave the company an “outperform” rating in a research report on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $109.45.

Insiders Place Their Bets

In other Entergy news, insider Deanna D. Rodriguez sold 1,500 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $101.23, for a total transaction of $151,845.00. Following the transaction, the insider now directly owns 3,442 shares in the company, valued at approximately $348,433.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Entergy news, insider Deanna D. Rodriguez sold 1,500 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $101.23, for a total transaction of $151,845.00. Following the transaction, the insider now directly owns 3,442 shares in the company, valued at approximately $348,433.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kimberly Cook-Nelson sold 2,000 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $100.35, for a total value of $200,700.00. Following the transaction, the executive vice president now owns 16,037 shares in the company, valued at $1,609,312.95. The disclosure for this sale can be found here. Insiders have sold 12,000 shares of company stock worth $1,226,685 in the last ninety days. 0.39% of the stock is owned by company insiders.

Entergy Company Profile

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.