Anchor Capital Advisors LLC Trims Stock Position in Entergy Co. (NYSE:ETR)

Anchor Capital Advisors LLC lessened its holdings in Entergy Co. (NYSE:ETR) by 4.8% during the 4th quarter, Holdings Channel reports. The firm owned 483,700 shares of the utilities provider’s stock after selling 24,152 shares during the quarter. Anchor Capital Advisors LLC’s holdings in Entergy were worth $48,946,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. EverSource Wealth Advisors LLC lifted its holdings in shares of Entergy by 157.1% in the third quarter. EverSource Wealth Advisors LLC now owns 270 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 165 shares in the last quarter. Fortis Group Advisors LLC purchased a new position in shares of Entergy during the third quarter valued at approximately $32,000. Annis Gardner Whiting Capital Advisors LLC purchased a new position in shares of Entergy during the third quarter valued at approximately $32,000. CVA Family Office LLC purchased a new position in shares of Entergy during the fourth quarter valued at approximately $41,000. Finally, Millburn Ridgefield Corp purchased a new position in shares of Entergy during the third quarter valued at approximately $43,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Insider Activity at Entergy

In related news, EVP Marcus V. Brown sold 8,500 shares of the firm’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $102.84, for a total transaction of $874,140.00. Following the completion of the sale, the executive vice president now directly owns 9,911 shares of the company’s stock, valued at approximately $1,019,247.24. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, EVP Marcus V. Brown sold 8,500 shares of the firm’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $102.84, for a total transaction of $874,140.00. Following the completion of the sale, the executive vice president now directly owns 9,911 shares of the company’s stock, valued at approximately $1,019,247.24. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Deanna D. Rodriguez sold 1,500 shares of the firm’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $101.23, for a total transaction of $151,845.00. Following the sale, the insider now directly owns 3,442 shares of the company’s stock, valued at $348,433.66. The disclosure for this sale can be found here. In the last three months, insiders sold 12,000 shares of company stock valued at $1,226,685. Corporate insiders own 0.39% of the company’s stock.

Entergy Trading Up 0.6 %

Shares of Entergy stock traded up $0.67 during trading hours on Monday, hitting $107.17. The company’s stock had a trading volume of 1,332,681 shares, compared to its average volume of 1,428,902. Entergy Co. has a 1-year low of $87.10 and a 1-year high of $108.81. The business has a fifty day moving average of $103.41 and a 200 day moving average of $100.76. The company has a market capitalization of $22.85 billion, a PE ratio of 10.75, a P/E/G ratio of 1.98 and a beta of 0.71. The company has a quick ratio of 0.45, a current ratio of 0.69 and a debt-to-equity ratio of 1.68.

Entergy (NYSE:ETR) last released its quarterly earnings data on Wednesday, April 24th. The utilities provider reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.44 by ($0.36). Entergy had a return on equity of 10.20% and a net margin of 17.75%. The business had revenue of $31.17 billion during the quarter, compared to analyst estimates of $3.16 billion. During the same period in the previous year, the company earned $1.14 EPS. Entergy’s revenue was down .5% on a year-over-year basis. As a group, equities analysts forecast that Entergy Co. will post 7.22 EPS for the current year.

Entergy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Thursday, May 2nd will be given a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 4.22%. The ex-dividend date of this dividend is Wednesday, May 1st. Entergy’s payout ratio is currently 45.34%.

Wall Street Analysts Forecast Growth

ETR has been the topic of several recent analyst reports. Scotiabank reduced their price objective on shares of Entergy from $111.00 to $104.00 and set a “sector perform” rating on the stock in a research note on Monday, April 22nd. KeyCorp upped their price objective on shares of Entergy from $108.00 to $112.00 and gave the company an “overweight” rating in a research note on Friday, April 19th. BMO Capital Markets increased their price target on shares of Entergy from $110.00 to $113.00 and gave the stock an “outperform” rating in a research note on Monday, February 26th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $117.00 price target on shares of Entergy in a research note on Monday, February 26th. Finally, Barclays cut their price target on shares of Entergy from $108.00 to $107.00 and set an “equal weight” rating on the stock in a research note on Monday, April 15th. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $109.45.

About Entergy

Entergy Corporation, together with its subsidiaries, engages in the production and retail distribution of electricity in the United States. It generates, transmits, distributes, and sells electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, including the City of New Orleans; and distributes natural gas.