Robeco Institutional Asset Management BV trimmed its position in Entergy Co. (NYSE:ETR – Get Rating) by 54.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,342 shares of the utilities provider’s stock after selling 8,640 shares during the quarter. Robeco Institutional Asset Management BV’s holdings in Entergy were worth $857,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Capital International Investors raised its holdings in Entergy by 17.1% in the 4th quarter. Capital International Investors now owns 12,028,310 shares of the utilities provider’s stock valued at $1,354,989,000 after acquiring an additional 1,758,132 shares in the last quarter. Bank of America Corp DE increased its stake in Entergy by 17.2% in the fourth quarter. Bank of America Corp DE now owns 9,152,114 shares of the utilities provider’s stock valued at $1,030,986,000 after acquiring an additional 1,343,409 shares during the last quarter. BlackRock Inc. its position raised in Entergy by 7.2% during the fourth quarter. BlackRock Inc. now owns 16,965,355 shares of the utilities provider’s stock valued at $1,911,147,000 after purchasing an additional 1,143,571 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its stake in Entergy by 47.9% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,987,634 shares of the utilities provider’s stock worth $223,906,000 after purchasing an additional 644,066 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its holdings in shares of Entergy by 24.5% in the 4th quarter. Thrivent Financial for Lutherans now owns 1,860,348 shares of the utilities provider’s stock valued at $209,530,000 after purchasing an additional 365,708 shares in the last quarter. Institutional investors and hedge funds own 88.94% of the company’s stock.
Entergy Stock Performance
NYSE:ETR opened at $110.12 on Friday. The firm has a market capitalization of $22.40 billion, a P/E ratio of 21.02, a P/E/G ratio of 2.61 and a beta of 0.60. Entergy Co. has a twelve month low of $98.50 and a twelve month high of $126.82. The company has a fifty day moving average of $113.91 and a 200-day moving average of $113.30. The company has a quick ratio of 0.49, a current ratio of 0.72 and a debt-to-equity ratio of 2.24.
Entergy (NYSE:ETR – Get Rating) last issued its quarterly earnings data on Wednesday, April 27th. The utilities provider reported $1.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.06). Entergy had a net margin of 8.99% and a return on equity of 10.44%. The business had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same quarter in the prior year, the business earned $1.47 earnings per share. As a group sell-side analysts anticipate that Entergy Co. will post 6.35 EPS for the current year.
Insider Transactions at Entergy
In other news, COO Paul D. Hinnenkamp sold 6,500 shares of the stock in a transaction on Friday, May 27th. The stock sold at an average price of $120.94, for a total transaction of $786,110.00. Following the completion of the transaction, the chief operating officer now owns 26,102 shares in the company, valued at approximately $3,156,775.88. The transaction was disclosed in a filing with the Securities Exchange Commission, which can be accessed through this hyperlink. In other Entergy news, COO Paul D. Hinnenkamp sold 6,500 shares of the company’s stock in a transaction dated Friday, May 27th. The shares were sold at an average price of $120.94, for a total transaction of $786,110.00. Following the sale, the chief operating officer now directly owns 26,102 shares of the company’s stock, valued at $3,156,775.88. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Deanna D. Rodriguez sold 256 shares of Entergy stock in a transaction dated Friday, April 29th. The stock sold at an average price of $120.22, for a total transaction of $30,776.32. Following the completion of the transaction, the insider now owns 3,108 shares of the company’s stock, valued at approximately $373,643.76. The disclosure for this sale can be found here. Insiders have sold 10,824 shares of company stock worth $1,327,908 in the last ninety days. Company insiders own 0.37% of the company’s stock.
Wall Street Analyst Weigh In
Several brokerages weighed in on ETR. Mizuho dropped their price objective on Entergy from $127.00 to $123.00 and set a “buy” rating for the company in a research report on Wednesday, June 29th. Warburg Research set a $177.00 price objective on Entergy in a research report on Monday, May 16th. The Goldman Sachs Group set a $224.00 target price on shares of Entergy in a research report on Monday, May 16th. Wells Fargo & Company decreased their price objective on Entergy from $140.00 to $125.00 and set an “overweight” rating for the company in a report on Tuesday, June 21st. Finally, Barclays set the $42.00 price target on Entergy in a research report on Monday, May 16th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $121.93.
Entergy Corporation, together with its subsidiaries, engages in the production and distribution of electricity in the United States. It operates in two segments, Utility and Entergy Wholesale Commodities. The Utility segment 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.
Want to see what other hedge funds are holding ETR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Entergy Co. (NYSE:ETR – Get Rating).
Receive News & Ratings for Entergy Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Entergy and related companies with MarketBeat.com’s FREE daily email newsletter.