Entergy Co. (NYSE:ETR) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lowered its holdings in Entergy Co. (NYSE:ETR) by 73.8% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 45,901 shares of the utilities provider’s stock after selling 129,493 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Entergy were worth $6,041,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Barrow Hanley Mewhinney & Strauss LLC increased its position in shares of Entergy by 12.4% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,926,492 shares of the utilities provider’s stock worth $741,135,000 after acquiring an additional 763,834 shares during the period. Ameriprise Financial Inc. increased its holdings in Entergy by 47.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 6,479,044 shares of the utilities provider’s stock worth $693,260,000 after purchasing an additional 2,075,776 shares during the period. Capital International Investors raised its position in Entergy by 64.2% in the 1st quarter. Capital International Investors now owns 4,170,045 shares of the utilities provider’s stock valued at $440,690,000 after purchasing an additional 1,630,057 shares in the last quarter. ClearBridge Investments Ltd boosted its stake in shares of Entergy by 0.6% in the 2nd quarter. ClearBridge Investments Ltd now owns 3,137,110 shares of the utilities provider’s stock valued at $335,671,000 after buying an additional 20,025 shares during the period. Finally, Capital Research Global Investors grew its position in shares of Entergy by 22.5% during the first quarter. Capital Research Global Investors now owns 2,753,248 shares of the utilities provider’s stock worth $290,963,000 after buying an additional 505,705 shares in the last quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ETR. Bank of America downgraded shares of Entergy from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $138.00 to $154.00 in a research note on Monday. KeyCorp lifted their price objective on shares of Entergy from $143.00 to $162.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Barclays increased their target price on Entergy from $137.00 to $152.00 and gave the company an “overweight” rating in a report on Tuesday. Wells Fargo & Company lifted their price target on Entergy from $137.00 to $170.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Finally, Royal Bank of Canada increased their price objective on Entergy from $137.00 to $140.00 and gave the company an “outperform” rating in a report on Monday, October 14th. One research analyst has rated the stock with a sell rating, four have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Entergy currently has a consensus rating of “Moderate Buy” and a consensus target price of $150.96.

Entergy Price Performance

ETR stock opened at $145.96 on Friday. The business has a 50 day simple moving average of $131.25 and a 200-day simple moving average of $118.08. The company has a market capitalization of $31.30 billion, a P/E ratio of 17.78, a PEG ratio of 2.69 and a beta of 0.71. Entergy Co. has a twelve month low of $94.85 and a twelve month high of $156.85. The company has a current ratio of 0.89, a quick ratio of 0.59 and a debt-to-equity ratio of 1.77.

Entergy (NYSE:ETR) last issued its quarterly earnings data on Thursday, October 31st. The utilities provider reported $2.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.91 by $0.08. Entergy had a net margin of 14.83% and a return on equity of 9.53%. The company had revenue of $3.39 billion for the quarter, compared to the consensus estimate of $3.46 billion. During the same period last year, the firm posted $3.27 EPS. As a group, equities analysts anticipate that Entergy Co. will post 7.21 EPS for the current year.

Entergy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Wednesday, November 13th will be given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 3.29%. This is a boost from Entergy’s previous quarterly dividend of $1.13. The ex-dividend date is Wednesday, November 13th. Entergy’s dividend payout ratio (DPR) is presently 55.05%.

Insider Buying and Selling at Entergy

In related news, insider Eliecer Viamontes sold 5,166 shares of the stock in a transaction on Friday, August 30th. The stock was sold at an average price of $120.00, for a total transaction of $619,920.00. Following the completion of the sale, the insider now directly owns 5,117 shares of the company’s stock, valued at $614,040. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, insider Eliecer Viamontes sold 5,166 shares of the business’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $120.00, for a total transaction of $619,920.00. Following the transaction, the insider now directly owns 5,117 shares in the company, valued at $614,040. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Andrew S. Marsh sold 600 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $120.03, for a total transaction of $72,018.00. Following the completion of the sale, the chief executive officer now owns 150,731 shares of the company’s stock, valued at approximately $18,092,241.93. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 36,338 shares of company stock worth $4,460,238. 0.54% of the stock is currently owned by insiders.

Entergy Profile

Entergy Corporation, together with its subsidiaries, engages in the production and retail distribution of electricity in the United States. It generates, transmits, distributes, and sells electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, including the City of New Orleans; and distributes natural gas.