Swiss National Bank Has $86.83 Million Stake in Entergy Co. (ETR)
Swiss National Bank grew its stake in Entergy Co. (NYSE:ETR) by 14.2% in the first quarter, HoldingsChannel reports. The firm owned 908,022 shares of the utilities provider’s stock after acquiring an additional 113,000 shares during the quarter. Swiss National Bank’s holdings in Entergy were worth $86,834,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc grew its position in shares of Entergy by 1.0% in the third quarter. Vanguard Group Inc now owns 21,656,660 shares of the utilities provider’s stock valued at $1,757,006,000 after purchasing an additional 218,066 shares in the last quarter. BlackRock Inc. grew its position in Entergy by 2.7% in the fourth quarter. BlackRock Inc. now owns 16,276,978 shares of the utilities provider’s stock worth $1,400,960,000 after acquiring an additional 421,339 shares during the period. Oregon Public Employees Retirement Fund grew its position in Entergy by 8,450.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 5,844,755 shares of the utilities provider’s stock worth $68,000 after acquiring an additional 5,776,402 shares during the period. FMR LLC grew its position in Entergy by 30.2% in the fourth quarter. FMR LLC now owns 3,335,411 shares of the utilities provider’s stock worth $287,079,000 after acquiring an additional 773,770 shares during the period. Finally, Northern Trust Corp grew its position in Entergy by 5.4% in the fourth quarter. Northern Trust Corp now owns 2,491,750 shares of the utilities provider’s stock worth $214,465,000 after acquiring an additional 127,998 shares during the period. Institutional investors and hedge funds own 87.90% of the company’s stock.
In other news, EVP Marcus V. Brown sold 31,300 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $94.92, for a total transaction of $2,970,996.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Haley Fisackerly sold 2,200 shares of the firm’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $99.00, for a total value of $217,800.00. Following the transaction, the insider now owns 4,648 shares of the company’s stock, valued at $460,152. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 131,908 shares of company stock valued at $12,796,428. Company insiders own 0.27% of the company’s stock.
ETR opened at $97.07 on Friday. Entergy Co. has a 52 week low of $75.83 and a 52 week high of $99.84. The firm has a market cap of $18.23 billion, a PE ratio of 13.28, a PEG ratio of 2.60 and a beta of 0.40. The company has a quick ratio of 0.52, a current ratio of 0.70 and a debt-to-equity ratio of 1.91.
Entergy (NYSE:ETR) last released its quarterly earnings results on Wednesday, May 1st. The utilities provider reported $0.82 EPS for the quarter, missing the consensus estimate of $0.94 by ($0.12). Entergy had a return on equity of 15.17% and a net margin of 9.04%. The firm had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.67 billion. During the same quarter in the prior year, the business earned $0.83 earnings per share. Equities research analysts predict that Entergy Co. will post 5.28 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Thursday, May 9th will be given a dividend of $0.91 per share. The ex-dividend date of this dividend is Wednesday, May 8th. This represents a $3.64 annualized dividend and a dividend yield of 3.75%. Entergy’s dividend payout ratio is currently 49.79%.
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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