Russell Investments Group Ltd. Decreases Position in Entergy Co. (NYSE:ETR)

Russell Investments Group Ltd. reduced its position in shares of Entergy Co. (NYSE:ETRGet Rating) by 7.7% in the 3rd quarter, Holdings Channel.com reports. The firm owned 443,999 shares of the utilities provider’s stock after selling 36,844 shares during the period. Russell Investments Group Ltd.’s holdings in Entergy were worth $44,679,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. JFS Wealth Advisors LLC lifted its position in shares of Entergy by 82.9% during the 2nd quarter. JFS Wealth Advisors LLC now owns 236 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 107 shares during the last quarter. Fairfield Bush & CO. purchased a new stake in shares of Entergy during the 1st quarter worth $29,000. Wagner Wealth Management LLC purchased a new stake in shares of Entergy during the 2nd quarter worth $32,000. Truvestments Capital LLC purchased a new stake in shares of Entergy during the 2nd quarter worth $41,000. Finally, New Millennium Group LLC purchased a new stake in shares of Entergy during the 2nd quarter worth $47,000. 89.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ETR has been the subject of several recent analyst reports. Credit Suisse Group lifted their price objective on shares of Entergy from $108.00 to $117.00 and gave the stock an “outperform” rating in a research report on Friday, November 4th. Morgan Stanley cut their price target on shares of Entergy from $110.00 to $108.00 and set an “underweight” rating on the stock in a research note on Monday. Guggenheim cut their price target on shares of Entergy from $129.00 to $117.00 in a research note on Monday, October 24th. StockNews.com upgraded shares of Entergy from a “sell” rating to a “hold” rating in a research note on Friday, November 11th. Finally, BMO Capital Markets lifted their price target on shares of Entergy from $111.00 to $116.00 and gave the stock an “outperform” rating in a research note on Thursday, November 3rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Entergy currently has a consensus rating of “Hold” and a consensus price target of $122.80.

Entergy Trading Up 0.5 %

NYSE ETR opened at $107.27 on Wednesday. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.69 and a current ratio of 0.90. The firm has a market cap of $21.83 billion, a PE ratio of 17.41, a P/E/G ratio of 2.64 and a beta of 0.64. Entergy Co. has a one year low of $94.94 and a one year high of $126.82. The firm’s fifty day moving average is $112.07 and its two-hundred day moving average is $111.73.

Entergy (NYSE:ETRGet Rating) last issued its earnings results on Wednesday, November 2nd. The utilities provider reported $2.84 earnings per share for the quarter, beating the consensus estimate of $2.67 by $0.17. The business had revenue of $4.22 billion for the quarter, compared to the consensus estimate of $3.35 billion. Entergy had a net margin of 9.46% and a return on equity of 11.55%. Analysts expect that Entergy Co. will post 6.38 earnings per share for the current year.

Entergy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 1st. Stockholders of record on Monday, November 14th were issued a $1.07 dividend. This is an increase from Entergy’s previous quarterly dividend of $1.01. The ex-dividend date of this dividend was Thursday, November 10th. This represents a $4.28 annualized dividend and a dividend yield of 3.99%. Entergy’s payout ratio is presently 69.48%.

Entergy Company Profile

(Get Rating)

Entergy Corporation, together with its subsidiaries, engages in the production and retail distribution of electricity in the United States. The company operates in two segments, Utility and Entergy Wholesale Commodities. The Utility segment 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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