Heartland Advisors Inc. cut its stake in shares of Entergy Co. (NYSE:ETR) by 1.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 128,529 shares of the utilities provider’s stock after selling 1,277 shares during the period. Heartland Advisors Inc. owned approximately 0.07% of Entergy worth $10,126,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Advisors Preferred LLC raised its stake in Entergy by 1,174.7% during the 4th quarter. Advisors Preferred LLC now owns 1,262 shares of the utilities provider’s stock valued at $103,000 after acquiring an additional 1,163 shares during the last quarter. Synovus Financial Corp purchased a new stake in Entergy during the 1st quarter valued at approximately $111,000. Cerebellum GP LLC purchased a new stake in Entergy during the 4th quarter valued at approximately $123,000. Twin Tree Management LP purchased a new stake in Entergy during the 1st quarter valued at approximately $130,000. Finally, Calton & Associates Inc. purchased a new stake in Entergy during the 4th quarter valued at approximately $130,000. 85.67% of the stock is owned by hedge funds and other institutional investors.
In related news, insider Phillip R. May, Jr. sold 7,700 shares of the firm’s stock in a transaction that occurred on Friday, April 27th. The stock was sold at an average price of $82.00, for a total value of $631,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Alyson M. Mount sold 10,396 shares of the firm’s stock in a transaction that occurred on Monday, March 5th. The shares were sold at an average price of $78.50, for a total value of $816,086.00. The disclosure for this sale can be found here. Insiders sold a total of 19,096 shares of company stock valued at $1,525,531 over the last ninety days. 0.24% of the stock is currently owned by company insiders.
Several analysts have commented on ETR shares. Wells Fargo & Co reaffirmed an “outperform” rating and set a $90.00 price objective (down from $96.00) on shares of Entergy in a research note on Monday, February 26th. They noted that the move was a valuation call. Guggenheim reissued a “buy” rating and set a $94.00 target price (up from $88.00) on shares of Entergy in a research note on Friday, February 23rd. Zacks Investment Research raised Entergy from a “hold” rating to a “strong-buy” rating and set a $90.00 target price for the company in a research note on Tuesday, April 17th. Morgan Stanley set a $76.00 target price on Entergy and gave the stock a “hold” rating in a research note on Thursday, March 8th. Finally, ValuEngine downgraded Entergy from a “buy” rating to a “hold” rating in a research note on Thursday, April 12th. Five equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $85.77.
Shares of Entergy opened at $79.73 on Friday, Marketbeat.com reports. The company has a market cap of $14.37 billion, a PE ratio of 10.77, a price-to-earnings-growth ratio of 1.76 and a beta of 0.45. Entergy Co. has a 12-month low of $71.95 and a 12-month high of $87.95. The company has a quick ratio of 0.52, a current ratio of 0.70 and a debt-to-equity ratio of 1.96.
Entergy (NYSE:ETR) last issued its earnings results on Wednesday, April 25th. The utilities provider reported $1.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.14). Entergy had a return on equity of 16.19% and a net margin of 4.21%. The business had revenue of $2.72 billion for the quarter, compared to analysts’ expectations of $2.47 billion. During the same period last year, the company posted $0.99 earnings per share. equities research analysts expect that Entergy Co. will post 6.44 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Investors of record on Thursday, May 10th will be paid a $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 4.47%. The ex-dividend date of this dividend is Wednesday, May 9th. Entergy’s payout ratio is currently 49.44%.
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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