Entergy Co. (ETR) Position Lifted by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Entergy Co. (NYSE:ETR) by 9.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,600 shares of the utilities provider’s stock after buying an additional 1,267 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Entergy were worth $1,115,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. CIBC Asset Management Inc lifted its position in shares of Entergy by 0.3% during the 2nd quarter. CIBC Asset Management Inc now owns 18,961 shares of the utilities provider’s stock valued at $1,456,000 after acquiring an additional 62 shares during the period. Bessemer Group Inc. lifted its position in shares of Entergy by 2.0% during the 2nd quarter. Bessemer Group Inc. now owns 5,360 shares of the utilities provider’s stock valued at $411,000 after acquiring an additional 103 shares during the period. Daiwa Securities Group Inc. lifted its position in shares of Entergy by 1.0% during the 2nd quarter. Daiwa Securities Group Inc. now owns 5,050 shares of the utilities provider’s stock valued at $388,000 after acquiring an additional 50 shares during the period. Candriam Luxembourg S.C.A. lifted its position in shares of Entergy by 35.5% during the 2nd quarter. Candriam Luxembourg S.C.A. now owns 19,116 shares of the utilities provider’s stock valued at $1,468,000 after acquiring an additional 5,009 shares during the period. Finally, Retirement Systems of Alabama lifted its position in shares of Entergy by 0.3% during the 2nd quarter. Retirement Systems of Alabama now owns 87,015 shares of the utilities provider’s stock valued at $6,680,000 after acquiring an additional 298 shares during the period. 82.95% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Entergy Co. (NYSE ETR) opened at $83.13 on Wednesday. The company has a current ratio of 0.78, a quick ratio of 0.58 and a debt-to-equity ratio of 1.61. Entergy Co. has a 1 year low of $68.87 and a 1 year high of $87.95. The firm has a market capitalization of $15,207.81, a price-to-earnings ratio of 12.48, a P/E/G ratio of 1.74 and a beta of 0.55.

Entergy (NYSE:ETR) last posted its earnings results on Tuesday, October 24th. The utilities provider reported $2.35 EPS for the quarter, beating the consensus estimate of $2.24 by $0.11. The firm had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.13 billion. Entergy had a positive return on equity of 14.76% and a negative net margin of 7.82%. During the same period last year, the company earned $2.31 earnings per share. analysts predict that Entergy Co. will post 6.93 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Thursday, November 9th were given a $0.89 dividend. The ex-dividend date was Wednesday, November 8th. This is an increase from Entergy’s previous quarterly dividend of $0.87. This represents a $3.56 annualized dividend and a yield of 4.28%. Entergy’s dividend payout ratio (DPR) is currently -72.06%.

A number of analysts have recently weighed in on ETR shares. TheStreet upgraded Entergy from a “c” rating to a “b-” rating in a research report on Friday, October 27th. Mizuho upgraded Entergy from a “neutral” rating to a “buy” rating in a research report on Friday, November 17th. Jefferies Group upgraded Entergy from a “hold” rating to a “buy” rating in a research report on Monday, October 16th. Citigroup upgraded Entergy from a “neutral” rating to a “buy” rating and set a $91.00 price objective for the company in a research report on Friday, October 13th. Finally, BidaskClub upgraded Entergy from a “hold” rating to a “buy” rating in a research report on Saturday, August 26th. Eight research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Entergy currently has an average rating of “Hold” and an average target price of $82.42.

In other Entergy news, insider Haley Fisackerly sold 4,800 shares of the stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $87.00, for a total value of $417,600.00. Following the completion of the transaction, the insider now directly owns 5,276 shares in the company, valued at $459,012. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Marcus V. Brown sold 1,500 shares of the stock in a transaction dated Friday, October 13th. The shares were sold at an average price of $82.00, for a total value of $123,000.00. The disclosure for this sale can be found here. Insiders sold 57,812 shares of company stock valued at $4,907,522 over the last quarter. Corporate insiders own 0.24% of the company’s stock.

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Entergy Company Profile

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.

Institutional Ownership by Quarter for Entergy (NYSE:ETR)

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