Geode Capital Management LLC grew its holdings in shares of Entergy Co. (NYSE:ETR) by 7.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,475,894 shares of the utilities provider’s stock after purchasing an additional 168,371 shares during the quarter. Geode Capital Management LLC’s holdings in Entergy were worth $212,751,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Altshuler Shaham Ltd bought a new position in Entergy during the fourth quarter worth about $27,000. Investec Asset Management PTY Ltd bought a new position in Entergy during the fourth quarter worth about $37,000. CWM LLC boosted its position in Entergy by 176.4% during the fourth quarter. CWM LLC now owns 445 shares of the utilities provider’s stock worth $38,000 after purchasing an additional 284 shares during the period. Oregon Public Employees Retirement Fund boosted its position in Entergy by 8,450.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 5,844,755 shares of the utilities provider’s stock worth $68,000 after purchasing an additional 5,776,402 shares during the period. Finally, Fort L.P. boosted its position in Entergy by 25.8% during the fourth quarter. Fort L.P. now owns 1,150 shares of the utilities provider’s stock worth $99,000 after purchasing an additional 236 shares during the period. Hedge funds and other institutional investors own 88.53% of the company’s stock.
In other Entergy news, 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 completion of the sale, the executive vice president now directly owns 39,477 shares in the company, valued at $3,868,746. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Haley Fisackerly sold 1,500 shares of Entergy stock in a transaction that occurred on Tuesday, February 26th. The shares were sold at an average price of $92.59, for a total transaction of $138,885.00. Following the sale, the insider now owns 2,434 shares of the company’s stock, valued at $225,364.06. The disclosure for this sale can be found here. Insiders sold 145,317 shares of company stock valued at $14,018,970 over the last 90 days. 0.27% of the stock is owned by company insiders.
ETR stock opened at $98.49 on Thursday. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.70 and a quick ratio of 0.52. Entergy Co. has a 12 month low of $75.83 and a 12 month high of $98.56. The company has a market capitalization of $18.52 billion, a PE ratio of 13.47, a PEG ratio of 2.64 and a beta of 0.40.
Entergy (NYSE:ETR) last released its quarterly earnings data on Wednesday, May 1st. The utilities provider reported $0.82 EPS for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.12). Entergy had a net margin of 9.04% and a return on equity of 15.17%. The firm had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.67 billion. During the same quarter last year, the business posted $0.83 earnings per share. Equities research analysts predict that Entergy Co. will post 5.28 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Thursday, May 9th will be given a $0.91 dividend. The ex-dividend date is Wednesday, May 8th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.70%. Entergy’s dividend payout ratio (DPR) is currently 49.79%.
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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