Schroder Investment Management Group Has $8.66 Million Position in Entergy Co. (ETR)
Schroder Investment Management Group trimmed its position in shares of Entergy Co. (NYSE:ETR) by 13.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 113,493 shares of the utilities provider’s stock after selling 17,141 shares during the period. Schroder Investment Management Group owned about 0.06% of Entergy worth $8,664,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of ETR. CIBC Asset Management Inc grew its holdings in Entergy by 0.3% during the 2nd quarter. CIBC Asset Management Inc now owns 18,961 shares of the utilities provider’s stock valued at $1,456,000 after purchasing an additional 62 shares during the last quarter. Bessemer Group Inc. grew its holdings in Entergy by 2.0% during the 2nd quarter. Bessemer Group Inc. now owns 5,360 shares of the utilities provider’s stock valued at $411,000 after purchasing an additional 103 shares during the last quarter. Daiwa Securities Group Inc. grew its holdings in Entergy by 1.0% during the 2nd quarter. Daiwa Securities Group Inc. now owns 5,050 shares of the utilities provider’s stock valued at $388,000 after purchasing an additional 50 shares during the last quarter. Candriam Luxembourg S.C.A. grew its stake in Entergy by 35.5% in the 2nd quarter. Candriam Luxembourg S.C.A. now owns 19,116 shares of the utilities provider’s stock worth $1,468,000 after acquiring an additional 5,009 shares in the last quarter. Finally, Retirement Systems of Alabama grew its stake in Entergy by 0.3% in the 2nd quarter. Retirement Systems of Alabama now owns 87,015 shares of the utilities provider’s stock worth $6,680,000 after acquiring an additional 298 shares in the last quarter. Institutional investors own 82.95% of the company’s stock.
In related news, insider Sallie T. Rainer sold 6,300 shares of the stock in a transaction that occurred on Friday, October 13th. The shares were sold at an average price of $82.00, for a total transaction of $516,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Haley Fisackerly sold 3,934 shares of the stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $82.49, for a total transaction of $324,515.66. Following the sale, the insider now directly owns 4,367 shares of the company’s stock, valued at approximately $360,233.83. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 57,812 shares of company stock worth $4,907,522. Insiders own 0.24% of the company’s stock.
Entergy Co. (ETR) traded up $0.34 during midday trading on Friday, hitting $84.04. 939,765 shares of the stock were exchanged, compared to its average volume of 1,136,192. The company has a current ratio of 0.78, a quick ratio of 0.58 and a debt-to-equity ratio of 1.61. Entergy Co. has a 1 year low of $69.63 and a 1 year high of $87.95. The company has a market capitalization of $15,087.04, a P/E ratio of 12.38, a PEG ratio of 1.73 and a beta of 0.55.
Entergy (NYSE:ETR) last released its quarterly earnings data on Tuesday, October 24th. The utilities provider reported $2.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.24 by $0.11. Entergy had a negative net margin of 7.82% and a positive return on equity of 14.76%. The firm had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.13 billion. During the same period last year, the firm earned $2.31 earnings per share. equities research analysts expect that Entergy Co. will post 6.93 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Thursday, November 9th were paid a dividend of $0.89 per share. The ex-dividend date of this dividend was Wednesday, November 8th. This is an increase from Entergy’s previous quarterly dividend of $0.87. This represents a $3.56 dividend on an annualized basis and a dividend yield of 4.24%. Entergy’s dividend payout ratio (DPR) is currently -72.06%.
ETR has been the topic of a number of research analyst reports. Jefferies Group restated a “hold” rating on shares of Entergy in a research note on Friday, August 11th. BidaskClub upgraded shares of Entergy from a “hold” rating to a “buy” rating in a research note on Saturday, August 26th. Morgan Stanley upped their target price on shares of Entergy from $82.00 to $84.00 and gave the stock an “underweight” rating in a research note on Friday, September 8th. J P Morgan Chase & Co upped their target price on shares of Entergy from $83.00 to $84.00 and gave the stock a “neutral” rating in a research note on Thursday, October 12th. Finally, Citigroup upgraded shares of Entergy from a “neutral” rating to a “buy” rating and set a $91.00 target price on the stock in a research note on Friday, October 13th. Eight investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Entergy has a consensus rating of “Hold” and an average target price of $82.42.
Entergy Company Profile
Entergy Corporation is a holding company. The Company is an integrated energy company engaged in electric power production and retail electric distribution operations. The Company operates through two business segments: Utility and Entergy Wholesale Commodities. The Utility segment includes the generation, transmission, distribution and sale of electric power to retail and wholesale customers in areas of Arkansas, Mississippi, Texas and Louisiana, including the City of New Orleans and operates a natural gas distribution business.
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