Nomura Holdings Inc. acquired a new stake in shares of Entergy Co. (NYSE:ETR) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 191,608 shares of the utilities provider’s stock, valued at approximately $19,553,000. Nomura Holdings Inc. owned about 0.10% of Entergy as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. AGF Investments LLC lifted its holdings in shares of Entergy by 22.3% in the second quarter. AGF Investments LLC now owns 548 shares of the utilities provider’s stock worth $56,000 after buying an additional 100 shares in the last quarter. 6 Meridian lifted its holdings in shares of Entergy by 1.9% in the second quarter. 6 Meridian now owns 5,606 shares of the utilities provider’s stock worth $577,000 after buying an additional 104 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Entergy by 4.1% in the first quarter. Victory Capital Management Inc. now owns 2,777 shares of the utilities provider’s stock worth $266,000 after buying an additional 110 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of Entergy by 8.3% in the second quarter. Signaturefd LLC now owns 1,499 shares of the utilities provider’s stock worth $154,000 after buying an additional 115 shares in the last quarter. Finally, Wesbanco Bank Inc. lifted its holdings in shares of Entergy by 0.8% in the second quarter. Wesbanco Bank Inc. now owns 15,020 shares of the utilities provider’s stock worth $1,546,000 after buying an additional 122 shares in the last quarter. 86.23% of the stock is currently owned by institutional investors and hedge funds.
In other Entergy news, insider Haley Fisackerly sold 2,250 shares of the stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $105.00, for a total transaction of $236,250.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Leo P. Denault sold 24,211 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $110.00, for a total transaction of $2,663,210.00. The disclosure for this sale can be found here. Insiders have sold 84,939 shares of company stock worth $8,896,045 over the last quarter. Company insiders own 0.27% of the company’s stock.
ETR traded up $0.19 on Friday, reaching $115.27. The company had a trading volume of 86,566 shares, compared to its average volume of 1,145,019. The business has a 50 day simple moving average of $110.68 and a 200 day simple moving average of $101.40. The company has a market cap of $22.88 billion, a price-to-earnings ratio of 15.77, a P/E/G ratio of 3.11 and a beta of 0.29. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.52 and a current ratio of 0.73. Entergy Co. has a 52-week low of $78.99 and a 52-week high of $115.90.
Entergy (NYSE:ETR) last announced its earnings results on Wednesday, July 31st. The utilities provider reported $1.35 earnings per share for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.03). Entergy had a net margin of 8.97% and a return on equity of 13.75%. The company had revenue of $2.67 billion during the quarter, compared to analysts’ expectations of $2.98 billion. During the same period in the prior year, the business earned $1.42 earnings per share. As a group, equities research analysts predict that Entergy Co. will post 5.27 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 8th were given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date was Wednesday, August 7th. Entergy’s payout ratio is currently 49.79%.
A number of equities research analysts have recently issued reports on ETR shares. JPMorgan Chase & Co. raised shares of Entergy from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $105.00 to $116.00 in a report on Monday, September 9th. Morgan Stanley downgraded shares of Entergy from an “overweight” rating to an “equal weight” rating and increased their price target for the stock from $114.00 to $115.00 in a report on Friday, September 6th. Finally, UBS Group set a $115.00 target price on shares of Entergy and gave the company a “buy” rating in a research note on Monday, July 15th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Entergy presently has an average rating of “Buy” and an average target price of $103.33.
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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