Flinton Capital Management LLC increased its position in Entergy Co. (NYSE:ETR) by 55.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,024 shares of the utilities provider’s stock after buying an additional 8,240 shares during the period. Flinton Capital Management LLC’s holdings in Entergy were worth $1,749,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Ledyard National Bank bought a new position in shares of Entergy during the first quarter worth about $123,000. WFG Advisors LP increased its position in shares of Entergy by 674.6% in the fourth quarter. WFG Advisors LP now owns 1,526 shares of the utilities provider’s stock worth $134,000 after buying an additional 1,329 shares during the period. Advisory Services Network LLC acquired a new stake in Entergy during the first quarter valued at approximately $174,000. HighPoint Advisor Group LLC acquired a new stake in Entergy during the fourth quarter valued at approximately $203,000. Finally, Paragon Capital Management Ltd acquired a new stake in Entergy during the first quarter valued at approximately $203,000. Institutional investors own 85.60% of the company’s stock.
Entergy Co. (NYSE:ETR) traded down 0.55% during trading on Friday, reaching $75.35. The company had a trading volume of 658,255 shares. The firm’s 50-day moving average price is $76.17 and its 200 day moving average price is $73.18. The firm’s market capitalization is $13.52 billion. Entergy Co. has a one year low of $66.71 and a one year high of $82.08.
Entergy (NYSE:ETR) last issued its earnings results on Wednesday, April 26th. The utilities provider reported $0.99 EPS for the quarter, missing the consensus estimate of $1.06 by $0.07. Entergy had a net margin of 12.20% and a return on equity of 15.70%. The business had revenue of $2.59 billion for the quarter, compared to analysts’ expectations of $2.57 billion. During the same quarter in the prior year, the business posted $1.35 earnings per share. Equities analysts forecast that Entergy Co. will post $4.87 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 1st. Shareholders of record on Thursday, May 11th will be paid a dividend of $0.87 per share. The ex-dividend date of this dividend is Tuesday, May 9th. This represents a $3.48 annualized dividend and a yield of 4.59%. Entergy’s dividend payout ratio is 48.60%.
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ETR has been the subject of a number of research reports. Zacks Investment Research raised Entergy from a “hold” rating to a “buy” rating and set a $79.00 price objective for the company in a research note on Wednesday, February 8th. TheStreet cut Entergy from a “b” rating to a “c” rating in a research report on Wednesday, February 15th. Goldman Sachs Group Inc cut Entergy from a “buy” rating to a “neutral” rating and set a $76.00 target price on the stock. in a research report on Thursday, March 23rd. They noted that the move was a valuation call. Mizuho cut their target price on Entergy from $79.00 to $76.00 and set a “neutral” rating on the stock in a research report on Friday, April 28th. Finally, Barclays PLC reiterated an “equal weight” rating and set a $78.00 price target (up from $74.00) on shares of Entergy in a report on Sunday, April 23rd. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $77.42.
In other news, insider Sallie T. Rainer sold 500 shares of the firm’s stock in a transaction on Wednesday, February 22nd. The stock was sold at an average price of $73.46, for a total value of $36,730.00. Following the transaction, the insider now directly owns 4,219 shares in the company, valued at approximately $309,927.74. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Marcus V. Brown sold 4,005 shares of the firm’s stock in a transaction on Friday, February 24th. The stock was sold at an average price of $75.53, for a total value of $302,497.65. Following the completion of the transaction, the executive vice president now owns 24,847 shares in the company, valued at $1,876,693.91. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,105 shares of company stock worth $384,780. Company insiders own 0.22% of the company’s stock.
Entergy Corporation is a holding company. The Company is an integrated energy company engaged in electric power production and retail electric distribution operations. The Company operates through two business segments: Utility and Entergy Wholesale Commodities. The Utility segment includes the generation, transmission, distribution and sale of electric power to retail and wholesale customers in areas of Arkansas, Mississippi, Texas and Louisiana, including the City of New Orleans and operates a natural gas distribution business.
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