Gateway Investment Advisers LLC trimmed its holdings in shares of Entergy Co. (NYSE:ETR) by 5.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,393 shares of the utilities provider’s stock after selling 505 shares during the period. Gateway Investment Advisers LLC’s holdings in Entergy were worth $803,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of ETR. Bank of New York Mellon Corp grew its holdings in shares of Entergy by 1.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,418,626 shares of the utilities provider’s stock worth $115,093,000 after acquiring an additional 15,999 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Entergy by 10.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 465,408 shares of the utilities provider’s stock worth $37,752,000 after acquiring an additional 42,698 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Entergy by 4.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 197,393 shares of the utilities provider’s stock worth $16,014,000 after acquiring an additional 8,088 shares during the period. Deutsche Bank AG grew its holdings in shares of Entergy by 56.7% in the 3rd quarter. Deutsche Bank AG now owns 377,934 shares of the utilities provider’s stock worth $30,655,000 after acquiring an additional 136,746 shares during the period. Finally, Pacer Advisors Inc. grew its holdings in shares of Entergy by 13.8% in the 3rd quarter. Pacer Advisors Inc. now owns 9,342 shares of the utilities provider’s stock worth $758,000 after acquiring an additional 1,132 shares during the period. 89.46% of the stock is owned by institutional investors and hedge funds.
Shares of Entergy stock opened at $93.39 on Wednesday. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.38 and a current ratio of 0.54. The firm has a market cap of $18.02 billion, a price-to-earnings ratio of 12.78 and a beta of 0.40. Entergy Co. has a fifty-two week low of $75.45 and a fifty-two week high of $96.87.
Entergy (NYSE:ETR) last released its quarterly earnings data on Wednesday, February 20th. The utilities provider reported $0.60 EPS for the quarter, beating the consensus estimate of $0.48 by $0.12. Entergy had a return on equity of 16.22% and a net margin of 7.83%. The company had revenue of $2.51 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same period last year, the company posted $0.76 earnings per share. Analysts expect that Entergy Co. will post 5.51 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Thursday, May 9th will be given a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 3.90%. The ex-dividend date of this dividend is Wednesday, May 8th. Entergy’s dividend payout ratio (DPR) is presently 49.79%.
ETR has been the topic of a number of research reports. Zacks Investment Research cut Entergy from a “buy” rating to a “hold” rating in a report on Wednesday, January 23rd. Royal Bank of Canada restated a “hold” rating and issued a $91.00 price target on shares of Entergy in a report on Wednesday, January 23rd. Macquarie upgraded Entergy from a “neutral” rating to an “outperform” rating in a report on Monday, March 11th. Wells Fargo & Co upped their price target on Entergy from $99.00 to $105.00 and gave the stock an “outperform” rating in a report on Thursday, February 21st. Finally, ValuEngine upgraded Entergy from a “hold” rating to a “buy” rating in a report on Friday, December 21st. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $90.79.
In other news, CFO Andrew S. Marsh sold 8,000 shares of the firm’s stock in a transaction dated Friday, January 25th. The stock was sold at an average price of $88.14, for a total transaction of $705,120.00. Following the completion of the sale, the chief financial officer now directly owns 76,343 shares in the company, valued at $6,728,872.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Haley Fisackerly sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, February 26th. The shares were sold at an average price of $92.59, for a total value of $138,885.00. Following the sale, the insider now owns 2,434 shares of the company’s stock, valued at $225,364.06. The disclosure for this sale can be found here. Insiders sold 58,408 shares of company stock worth $5,448,863 over the last three months. 0.27% of the stock is currently owned by corporate insiders.
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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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