Peterson Financial Group Inc. Trims Stock Position in Entergy Co. (NYSE:ETR)

Peterson Financial Group Inc. trimmed its holdings in shares of Entergy Co. (NYSE:ETRFree Report) by 42.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 4,575 shares of the utilities provider’s stock after selling 3,388 shares during the period. Peterson Financial Group Inc.’s holdings in Entergy were worth $463,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the business. Wealth Alliance raised its stake in shares of Entergy by 1.2% during the 4th quarter. Wealth Alliance now owns 8,201 shares of the utilities provider’s stock worth $830,000 after buying an additional 101 shares in the last quarter. Marino Stram & Associates LLC raised its stake in shares of Entergy by 1.8% during the 4th quarter. Marino Stram & Associates LLC now owns 5,778 shares of the utilities provider’s stock worth $585,000 after buying an additional 102 shares in the last quarter. Prossimo Advisors LLC raised its stake in shares of Entergy by 2.5% during the 4th quarter. Prossimo Advisors LLC now owns 4,512 shares of the utilities provider’s stock worth $457,000 after buying an additional 110 shares in the last quarter. Stratos Wealth Partners LTD. raised its stake in shares of Entergy by 1.9% during the 4th quarter. Stratos Wealth Partners LTD. now owns 6,657 shares of the utilities provider’s stock worth $674,000 after buying an additional 124 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC raised its stake in shares of Entergy by 2.3% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 5,550 shares of the utilities provider’s stock worth $562,000 after buying an additional 126 shares in the last quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.

Entergy Trading Up 4.4 %

Shares of ETR stock traded up $4.71 during mid-day trading on Friday, hitting $112.49. 3,106,469 shares of the company’s stock were exchanged, compared to its average volume of 1,648,162. Entergy Co. has a fifty-two week low of $87.10 and a fifty-two week high of $114.28. The stock has a 50-day simple moving average of $107.48 and a two-hundred day simple moving average of $103.35. The company has a quick ratio of 0.45, a current ratio of 0.69 and a debt-to-equity ratio of 1.68. The stock has a market cap of $24.02 billion, a price-to-earnings ratio of 11.28, a PEG ratio of 2.12 and a beta of 0.69.

Entergy (NYSE:ETRGet Free Report) last posted its quarterly earnings data on Wednesday, April 24th. The utilities provider reported $1.08 earnings per share (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 business had revenue of $31.17 billion for the quarter, compared to analyst estimates of $3.16 billion. During the same quarter last year, the business earned $1.14 EPS. Entergy’s revenue for the quarter was down .5% compared to the same quarter last year. Equities analysts expect that Entergy Co. will post 7.23 EPS for the current fiscal year.

Entergy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Thursday, May 2nd will be given a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 4.02%. The ex-dividend date of this dividend is Wednesday, May 1st. Entergy’s dividend payout ratio (DPR) is currently 45.34%.

Insider Buying and Selling

In related news, insider Deanna D. Rodriguez sold 1,500 shares of the stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $101.23, for a total value of $151,845.00. Following the transaction, the insider now directly owns 3,442 shares of the company’s stock, valued at approximately $348,433.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Entergy news, EVP Marcus V. Brown sold 8,500 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $102.84, for a total value of $874,140.00. Following the transaction, the executive vice president now directly owns 9,911 shares of the company’s stock, valued at $1,019,247.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Deanna D. Rodriguez sold 1,500 shares of the firm’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $101.23, for a total value of $151,845.00. Following the completion of the transaction, the insider now directly owns 3,442 shares in the company, valued at $348,433.66. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 20,729 shares of company stock valued at $2,194,615. 0.39% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms recently weighed in on ETR. Scotiabank dropped their price objective on Entergy from $111.00 to $104.00 and set a “sector perform” rating for the company in a research note on Monday, April 22nd. Morgan Stanley raised their price objective on Entergy from $94.00 to $103.00 and gave the company an “underweight” rating in a research note on Tuesday, May 28th. Mizuho raised their price objective on Entergy from $107.00 to $114.00 and gave the company a “buy” rating in a research note on Friday. Barclays dropped their price objective on Entergy from $108.00 to $107.00 and set an “equal weight” rating for the company in a research note on Monday, April 15th. Finally, BMO Capital Markets raised their price objective on Entergy from $110.00 to $113.00 and gave the company an “outperform” rating in a research note on Monday, February 26th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $112.09.

View Our Latest Stock Analysis on ETR

Entergy Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Entergy (NYSE:ETR)

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