Redpoint Investment Management Pty Ltd reduced its position in shares of Entergy Co. (NYSE: ETR – Get a rating) by 87.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund held 3,819 shares of the utility provider after selling 25,487 shares during the period. Redpoint Investment Management Pty Ltd’s holdings in Entergy were worth $446,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently changed their ETR holdings. Cetera Advisor Networks LLC increased its position in Entergy shares by 27.0% during the 3rd quarter. Cetera Advisor Networks LLC now owns 4,100 shares of the utility provider valued at $407,000 after buying 872 additional shares in the last quarter. Cetera Advisors LLC increased its position in Entergy shares by 8.5% during the third quarter. Cetera Advisors LLC now owns 6,435 shares of the utility provider valued at $639,000 after buying an additional 505 shares in the last quarter. Captrust Financial Advisors increased its position in Entergy shares by 1.9% during the third quarter. Captrust Financial Advisors now owns 13,732 shares of the utility provider valued at $1,364,000 after buying an additional 252 shares in the last quarter. Centiva Capital LP bought a new position in shares of Entergy during the 3rd quarter at a value of $225,000. Finally, Carroll Financial Associates Inc. increased its stake in Entergy shares by 121.4% during the 4th quarter. Carroll Financial Associates Inc. now owns 403 shares of the utility provider valued at $44,000 after buying an additional 221 shares during the period. 88.94% of the shares are currently held by hedge funds and other institutional investors.
A number of analysts have recently released reports on ETR shares. Baader Bank set a price target of $188.00 on Entergy in a research note on Wednesday, May 18. BMO Capital Markets lowered its price target on Entergy from $137.00 to $125.00 in a Tuesday, June 14 research note. Warburg Research set a price target of $177.00 on Entergy in a Monday, May 16 research note. Credit Suisse Group lowered its price target on Entergy from $136.00 to $114.00 and set an “outperform” rating on the stock in a Tuesday, June 21 research note. Finally, Goldman Sachs Group set a price target of $224.00 on Entergy in a research note on Monday, May 16. One research analyst rated the stock with a sell rating, four issued a hold rating and four issued the company a buy rating. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $121.50.
Separately, CFO Andrew S. Marsh sold 30,700 shares in a trade dated Monday, March 28. The stock was sold at an average price of $115.02, for a total transaction of $3,531,114.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this link. Additionally, CEO Leo P. Denault sold 34,761 shares in a trade dated Monday, March 28. The shares were sold at an average price of $115.02, for a total value of $3,998,210.22. Disclosure of this sale can be found here. Insiders sold a total of 201,089 shares of the company worth $23,854,658 during the last quarter. Company insiders own 0.37% of the company’s shares.
Shares of Stock of input opened at $110.55 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.49 and a debt ratio of 2.24. The company has a market capitalization of $22.48 billion, a PE ratio of 21.10, a growth price-earnings ratio of 2.48 and a beta of 0.58. The company’s 50-day moving average price is $116.88 and its 200-day moving average price is $113.11. Entergy Co. has a 12-month low of $98.50 and a 12-month high of $126.82.
Entergy (NYSE: ETR – Get a rating) last reported quarterly earnings data on Wednesday, April 27. The utility provider reported EPS of $1.32 for the quarter, missing the consensus estimate of $1.38 per ($0.06). The company posted revenue of $2.88 billion for the quarter, versus a consensus estimate of $2.90 billion. Entergy had a net margin of 8.99% and a return on equity of 10.44%. In the same quarter last year, the company posted earnings per share of $1.47. As a group, analysts predict Entergy Co. will post earnings per share of 6.35 for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 1. Shareholders of record on Thursday, May 5 received a dividend of $1.01 per share. The ex-dividend date was Wednesday, May 4. This represents an annualized dividend of $4.04 and a dividend yield of 3.65%. Entergy’s dividend payout ratio (DPR) is currently 77.10%.
About Entergy (Get a rating)
Entergy Corporation, together with its subsidiaries, is engaged in the generation and distribution of electricity in the United States. It operates in two segments, Utility and Entergy Wholesale Commodities. The Utilities segment generates, transmits, distributes and sells electricity in parts of Arkansas, Louisiana, Mississippi and Texas, including the city of New Orleans; and distributes natural gas.
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