Stephens Inc. AR decreased its position in shares of Entergy Co. (NYSE:ETR – Get Rating) by 9.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,776 shares of the utilities provider’s stock after selling 497 shares during the quarter. Stephens Inc. AR’s holdings in Entergy were worth $558,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. CNB Bank bought a new position in shares of Entergy during the 1st quarter worth $27,000. Sandy Cove Advisors LLC bought a new position in shares of Entergy during the 4th quarter worth $29,000. Riverview Trust Co bought a new position in shares of Entergy during the 1st quarter worth $32,000. Missouri Trust & Investment Co bought a new position in shares of Entergy during the 4th quarter worth $33,000. Finally, TCI Wealth Advisors Inc. boosted its position in Entergy by 2,863.6% during the first quarter. TCI Wealth Advisors Inc. now owns 326 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 315 shares in the last quarter. Institutional investors own 88.94% of the company’s stock.
Entergy Stock Performance
Shares of ETR stock opened at $115.11 on Wednesday. The company has a market cap of $23.41 billion, a price-to-earnings ratio of 21.97, a price-to-earnings-growth ratio of 2.70 and a beta of 0.58. The stock has a 50-day simple moving average of $112.52 and a 200-day simple moving average of $113.35. Entergy Co. has a 12-month low of $98.50 and a 12-month high of $126.82. The company has a current ratio of 0.72, a quick ratio of 0.49 and a debt-to-equity ratio of 2.24.
Entergy Announcements Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Thursday, August 11th will be issued a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date of this dividend is Wednesday, August 10th. Entergy’s dividend payout ratio (DPR) is presently 77.10%.
Insider Buying and Selling at Entergy
In other Entergy 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 transaction, the chief operating officer now owns 26,102 shares of the company’s stock, valued at approximately $3,156,775.88. The sale was disclosed in a SEC filing with the SEC, which is available at the SEC website. 0.37% of the stock is owned by insiders.
Wall Street Analyst Weigh In
The number of equities research analysts recently weighed in on ETR shares. Mizuho dropped their price objective on Entergy from $127.00 to $123.00 and set a “buy” rating on the stock in a research report on Wednesday, June 29th. BMO Capital Markets dropped their target price on Entergy from $137.00 to $125.00 in a report on Tuesday, June 14th. Baader Bank set a $188.00 target price on Entergy in a report on Wednesday, May 18th. The Goldman Sachs Group set a $224.00 price objective on Entergy in a report on Monday, May 16th. Finally, Sanford C. Bernstein set a $100.00 price objective on Entergy and gave the company a “market perform” rating in a report on Tuesday, May 17th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Entergy has a consensus rating of “Hold” and a consensus target price of $121.93.
Entergy Company Profile
Entergy Corporation, together with its subsidiaries, engages in the production and retail distribution of electricity in the United States. The company 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.
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