Mason Street Advisors LLC raised its position in Entergy Co. (NYSE:ETR) by 5.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,046 shares of the utilities provider’s stock after purchasing an additional 1,508 shares during the quarter. Mason Street Advisors LLC’s holdings in Entergy were worth $2,586,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. FMR LLC raised its position in Entergy by 30.2% in the 4th quarter. FMR LLC now owns 3,335,411 shares of the utilities provider’s stock worth $287,079,000 after purchasing an additional 773,770 shares during the period. State of Alaska Department of Revenue raised its position in Entergy by 3.0% in the 1st quarter. State of Alaska Department of Revenue now owns 105,762 shares of the utilities provider’s stock worth $10,112,000 after purchasing an additional 3,045 shares during the period. Investec Asset Management North America Inc. raised its position in Entergy by 106.0% in the 1st quarter. Investec Asset Management North America Inc. now owns 14,126 shares of the utilities provider’s stock worth $1,351,000 after purchasing an additional 7,270 shares during the period. State of New Jersey Common Pension Fund D raised its position in Entergy by 22.2% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 132,800 shares of the utilities provider’s stock worth $11,430,000 after purchasing an additional 24,100 shares during the period. Finally, CWM Advisors LLC raised its position in Entergy by 1.9% in the 4th quarter. CWM Advisors LLC now owns 6,479 shares of the utilities provider’s stock worth $558,000 after purchasing an additional 123 shares during the period. 89.77% of the stock is currently owned by institutional investors.
A number of analysts recently weighed in on the stock. ValuEngine lowered shares of Entergy from a “buy” rating to a “hold” rating in a research report on Monday, April 1st. Zacks Investment Research raised shares of Entergy from a “hold” rating to a “buy” rating and set a $106.00 price objective on the stock in a research report on Wednesday, April 24th. Morgan Stanley raised shares of Entergy from an “equal weight” rating to an “overweight” rating in a research report on Thursday, April 18th. Wells Fargo & Co raised their target price on shares of Entergy from $99.00 to $105.00 and gave the stock an “outperform” rating in a research report on Thursday, February 21st. Finally, Macquarie raised shares of Entergy from a “neutral” rating to an “outperform” rating in a research report on Monday, March 11th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $93.50.
Entergy (NYSE:ETR) last issued its earnings results on Wednesday, May 1st. The utilities provider reported $0.82 EPS for the quarter, missing the Zacks’ consensus estimate of $0.94 by ($0.12). The company had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.67 billion. Entergy had a return on equity of 15.17% and a net margin of 9.04%. During the same period last year, the business posted $0.83 earnings per share. Sell-side analysts anticipate that Entergy Co. will post 5.28 earnings per share for the current year.
The business also recently announced 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 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date of this dividend is Wednesday, May 8th. Entergy’s dividend payout ratio (DPR) is presently 49.79%.
In related news, EVP Donald W. Vinci sold 7,300 shares of Entergy stock in a transaction that occurred on Monday, February 25th. The shares were sold at an average price of $92.12, for a total transaction of $672,476.00. Following the transaction, the executive vice president now directly owns 12,530 shares of the company’s stock, valued at $1,154,263.60. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Marcus V. Brown sold 14,291 shares of Entergy stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $98.00, for a total transaction of $1,400,518.00. Following the transaction, the executive vice president now directly owns 39,477 shares in the company, valued at $3,868,746. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 145,317 shares of company stock worth $14,018,970. Corporate insiders own 0.27% of the company’s stock.
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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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