Systematic Financial Management LP Has $19.74 Million Holdings in Entergy Corporation (ETR)
Systematic Financial Management LP boosted its stake in Entergy Corporation (NYSE:ETR) by 82.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 258,476 shares of the utilities provider’s stock after purchasing an additional 116,860 shares during the quarter. Systematic Financial Management LP owned approximately 0.14% of Entergy Corporation worth $19,737,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently modified their holdings of ETR. Benjamin F. Edwards & Company Inc. boosted its stake in Entergy Corporation by 46.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,300 shares of the utilities provider’s stock worth $100,000 after purchasing an additional 410 shares during the period. Advisory Services Network LLC boosted its stake in Entergy Corporation by 2.1% in the 2nd quarter. Advisory Services Network LLC now owns 2,335 shares of the utilities provider’s stock worth $179,000 after purchasing an additional 49 shares during the period. Parallel Advisors LLC boosted its stake in Entergy Corporation by 3.0% in the 2nd quarter. Parallel Advisors LLC now owns 2,448 shares of the utilities provider’s stock worth $188,000 after purchasing an additional 71 shares during the period. BlueMountain Capital Management LLC bought a new position in Entergy Corporation in the 2nd quarter worth about $204,000. Finally, IBM Retirement Fund boosted its stake in Entergy Corporation by 34.1% in the 2nd quarter. IBM Retirement Fund now owns 2,669 shares of the utilities provider’s stock worth $205,000 after purchasing an additional 678 shares during the period. Institutional investors and hedge funds own 82.95% of the company’s stock.
In other news, insider Charles L. Rice, Jr. sold 1,000 shares of Entergy Corporation stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $78.95, for a total value of $78,950.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Donald W. Vinci sold 6,594 shares of Entergy Corporation stock in a transaction that occurred on Thursday, October 19th. The stock was sold at an average price of $85.00, for a total value of $560,490.00. Following the completion of the sale, the executive vice president now owns 14,867 shares in the company, valued at $1,263,695. The disclosure for this sale can be found here. Over the last quarter, insiders sold 58,812 shares of company stock worth $4,986,472. Corporate insiders own 0.24% of the company’s stock.
Several research analysts have commented on the company. Morgan Stanley raised their target price on Entergy Corporation from $79.00 to $82.00 and gave the stock an “underweight” rating in a research note on Thursday, August 10th. BidaskClub upgraded Entergy Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. Jefferies Group LLC restated a “hold” rating on shares of Entergy Corporation in a research note on Friday, August 11th. BMO Capital Markets restated a “hold” rating and issued a $78.00 target price on shares of Entergy Corporation in a research note on Friday, August 4th. Finally, Citigroup Inc. upgraded Entergy Corporation from a “neutral” rating to a “buy” rating and set a $91.00 target price for the company in a research note on Friday, October 13th. Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $82.42.
Shares of Entergy Corporation (NYSE ETR) traded down $0.86 during trading on Tuesday, reaching $85.65. The company’s stock had a trading volume of 1,007,700 shares, compared to its average volume of 1,208,355. The company has a quick ratio of 0.58, a current ratio of 0.78 and a debt-to-equity ratio of 1.61. The stock has a market cap of $15,370.00, a PE ratio of 12.80, a P/E/G ratio of 1.78 and a beta of 0.57. Entergy Corporation has a 1-year low of $67.56 and a 1-year high of $87.95.
Entergy Corporation (NYSE:ETR) last announced its quarterly earnings results on Tuesday, October 24th. The utilities provider reported $2.35 EPS for the quarter, topping the Zacks’ consensus estimate of $2.24 by $0.11. The business had revenue of $3.24 billion for the quarter, compared to analysts’ expectations of $3.13 billion. Entergy Corporation had a positive return on equity of 14.76% and a negative net margin of 7.82%. During the same period in the previous year, the firm earned $2.31 EPS. sell-side analysts forecast that Entergy Corporation will post 6.93 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Thursday, November 9th will be given a $0.89 dividend. This is a positive change from Entergy Corporation’s previous quarterly dividend of $0.87. This represents a $3.56 dividend on an annualized basis and a dividend yield of 4.16%. The ex-dividend date is Wednesday, November 8th. Entergy Corporation’s dividend payout ratio (DPR) is currently -72.06%.
Entergy Corporation 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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