First American Bank lowered its holdings in Entergy Co. (NYSE:ETR) by 3.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,920 shares of the utilities provider’s stock after selling 345 shares during the period. First American Bank’s holdings in Entergy were worth $949,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of the stock. Aspire Private Capital LLC bought a new position in Entergy during the 4th quarter worth approximately $26,000. Altshuler Shaham Ltd bought a new position in Entergy during the 4th quarter worth approximately $27,000. Investec Asset Management PTY Ltd bought a new position in Entergy during the 4th quarter worth approximately $37,000. CWM LLC lifted its holdings in Entergy by 176.4% during the 4th quarter. CWM LLC now owns 445 shares of the utilities provider’s stock worth $38,000 after buying an additional 284 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its holdings in Entergy by 8,450.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 5,844,755 shares of the utilities provider’s stock worth $68,000 after buying an additional 5,776,402 shares during the last quarter. 89.46% of the stock is owned by hedge funds and other institutional investors.
Several analysts recently issued reports on the company. Zacks Investment Research raised Entergy from a “hold” rating to a “buy” rating and set a $106.00 price target on the stock in a report on Wednesday. Morgan Stanley raised Entergy from an “equal weight” rating to an “overweight” rating in a report on Thursday, April 18th. ValuEngine cut Entergy from a “buy” rating to a “hold” rating in a research report on Monday, April 1st. Royal Bank of Canada restated a “hold” rating and issued a $91.00 target price on shares of Entergy in a research report on Wednesday, January 23rd. Finally, Macquarie upgraded Entergy from a “neutral” rating to an “outperform” rating in a research report on Monday, March 11th. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $91.64.
Entergy (NYSE:ETR) last issued its quarterly earnings results on Wednesday, February 20th. The utilities provider reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.12. Entergy had a return on equity of 16.22% and a net margin of 7.83%. The company had revenue of $2.51 billion for the quarter, compared to analysts’ expectations of $1.96 billion. During the same period last year, the firm earned $0.76 EPS. As a group, research analysts expect that Entergy Co. will post 5.49 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Thursday, May 9th will be given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 3.85%. The ex-dividend date of this dividend is Wednesday, May 8th. Entergy’s dividend payout ratio (DPR) is presently 49.79%.
In other news, CFO Andrew S. Marsh sold 8,000 shares of the firm’s stock in a transaction on Friday, January 25th. The stock was sold at an average price of $88.14, for a total transaction of $705,120.00. Following the completion of the sale, the chief financial officer now directly owns 76,343 shares of the company’s stock, valued at approximately $6,728,872.02. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Donald W. Vinci sold 7,300 shares of the firm’s stock in a transaction on Monday, February 25th. The stock was sold at an average price of $92.12, for a total value of $672,476.00. Following the sale, the executive vice president now directly owns 12,530 shares of the company’s stock, valued at $1,154,263.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 58,408 shares of company stock worth $5,448,863. 0.27% of the stock is owned by insiders.
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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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