Redpoint Investment Management Pty Ltd lifted its holdings in Entergy Co. (NYSE:ETR) by 8.1% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 18,841 shares of the utilities provider’s stock after purchasing an additional 1,417 shares during the period. Redpoint Investment Management Pty Ltd’s holdings in Entergy were worth $1,522,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Wasatch Advisors Inc. purchased a new stake in Entergy during the first quarter valued at approximately $2,521,000. FDx Advisors Inc. purchased a new stake in Entergy during the first quarter valued at approximately $245,000. Wells Fargo & Company MN lifted its position in Entergy by 8.0% during the first quarter. Wells Fargo & Company MN now owns 635,300 shares of the utilities provider’s stock valued at $50,049,000 after acquiring an additional 46,910 shares during the last quarter. Daiwa Securities Group Inc. lifted its position in Entergy by 14.7% during the first quarter. Daiwa Securities Group Inc. now owns 6,192 shares of the utilities provider’s stock valued at $488,000 after acquiring an additional 795 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC lifted its position in Entergy by 5.8% during the first quarter. Dynamic Advisor Solutions LLC now owns 25,193 shares of the utilities provider’s stock valued at $1,984,000 after acquiring an additional 1,371 shares during the last quarter. 89.25% of the stock is owned by hedge funds and other institutional investors.

A number of research firms recently commented on ETR. Morgan Stanley decreased their target price on shares of Entergy from $79.00 to $75.00 and set an “equal weight” rating for the company in a research report on Wednesday, June 13th. Howard Weil started coverage on shares of Entergy in a research note on Tuesday, July 24th. They set a “sector perform” rating and a $84.00 price target on the stock. Bank of America upped their price target on shares of Entergy from $89.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday. Scotiabank started coverage on shares of Entergy in a research note on Tuesday, July 24th. They set a “hold” rating and a $84.00 price target on the stock. Finally, Citigroup upped their price target on shares of Entergy from $85.00 to $88.00 and gave the company a “buy” rating in a research note on Wednesday, June 20th. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Entergy presently has a consensus rating of “Buy” and an average price target of $87.79.

ETR stock opened at $85.09 on Friday. The firm has a market cap of $15.24 billion, a P/E ratio of 11.82, a PEG ratio of 1.89 and a beta of 0.51. The company has a current ratio of 0.57, a quick ratio of 0.42 and a debt-to-equity ratio of 1.85. Entergy Co. has a one year low of $71.95 and a one year high of $87.95.

Entergy (NYSE:ETR) last released its quarterly earnings results on Wednesday, August 1st. The utilities provider reported $1.79 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.31 by $0.48. The company had revenue of $2.67 billion for the quarter, compared to analyst estimates of $2.55 billion. Entergy had a net margin of 2.73% and a return on equity of 13.45%. During the same quarter last year, the business earned $3.11 earnings per share. research analysts predict that Entergy Co. will post 6.36 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 4th. Investors of record on Thursday, August 9th will be given a dividend of $0.89 per share. The ex-dividend date of this dividend is Wednesday, August 8th. This represents a $3.56 annualized dividend and a yield of 4.18%. Entergy’s dividend payout ratio is presently 49.44%.

In related news, insider Charles L. Rice, Jr. sold 5,766 shares of the firm’s stock in a transaction on Tuesday, August 7th. The shares were sold at an average price of $82.70, for a total transaction of $476,848.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Phillip R. May, Jr. sold 3,000 shares of the firm’s stock in a transaction on Friday, August 3rd. The shares were sold at an average price of $84.00, for a total transaction of $252,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 37,377 shares of company stock worth $3,141,926. 0.24% of the stock is owned by company insiders.

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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