Park Place Capital Corp Sells 577 Shares of Entergy Co. (NYSE:ETR)

Park Place Capital Corp decreased its position in shares of Entergy Co. (NYSE:ETR) by 11.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,404 shares of the utilities provider’s stock after selling 577 shares during the quarter. Park Place Capital Corp’s holdings in Entergy were worth $465,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Wealth Alliance increased its holdings in shares of Entergy by 1.2% during the fourth quarter. Wealth Alliance now owns 8,201 shares of the utilities provider’s stock valued at $830,000 after acquiring an additional 101 shares in the last quarter. Marino Stram & Associates LLC grew its holdings in Entergy by 1.8% during the fourth quarter. Marino Stram & Associates LLC now owns 5,778 shares of the utilities provider’s stock worth $585,000 after buying an additional 102 shares in the last quarter. Prossimo Advisors LLC grew its holdings in Entergy by 2.5% during the fourth quarter. Prossimo Advisors LLC now owns 4,512 shares of the utilities provider’s stock worth $457,000 after buying an additional 110 shares in the last quarter. Stratos Wealth Partners LTD. grew its holdings in Entergy by 1.9% during the fourth quarter. Stratos Wealth Partners LTD. now owns 6,657 shares of the utilities provider’s stock worth $674,000 after buying an additional 124 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC grew its holdings in Entergy by 2.3% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 5,550 shares of the utilities provider’s stock worth $562,000 after buying an additional 126 shares in the last quarter. Institutional investors own 88.07% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on ETR. Morgan Stanley decreased their price target on Entergy from $103.00 to $98.00 and set an “underweight” rating for the company in a report on Monday, June 24th. KeyCorp upped their price target on Entergy from $112.00 to $123.00 and gave the stock an “overweight” rating in a report on Monday, May 20th. BMO Capital Markets upped their price objective on Entergy from $118.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, June 6th. Mizuho upped their price objective on Entergy from $107.00 to $114.00 and gave the company a “buy” rating in a research note on Friday, May 31st. Finally, Scotiabank reduced their price objective on Entergy from $111.00 to $104.00 and set a “sector perform” rating for the company in a research note on Monday, April 22nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $113.73.

Entergy Stock Down 1.2 %

Shares of NYSE ETR opened at $105.74 on Tuesday. The business’s fifty day moving average price is $108.89 and its 200-day moving average price is $104.30. The stock has a market capitalization of $22.58 billion, a PE ratio of 10.61, a P/E/G ratio of 2.02 and a beta of 0.71. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.69 and a quick ratio of 0.45. Entergy Co. has a one year low of $87.10 and a one year high of $114.28.

Entergy (NYSE:ETR) last issued its quarterly earnings data on Wednesday, April 24th. The utilities provider reported $1.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.36). The company had revenue of $31.17 billion for the quarter, compared to analysts’ expectations of $3.16 billion. Entergy had a return on equity of 10.20% and a net margin of 17.75%. The business’s revenue for the quarter was down .5% on a year-over-year basis. During the same period last year, the company posted $1.14 EPS. On average, equities research analysts anticipate that Entergy Co. will post 7.22 EPS for the current year.

Entergy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Thursday, May 2nd were issued a dividend of $1.13 per share. The ex-dividend date of this dividend was Wednesday, May 1st. This represents a $4.52 dividend on an annualized basis and a yield of 4.27%. Entergy’s dividend payout ratio (DPR) is 45.34%.

Insider Buying and Selling

In related news, insider Haley Fisackerly sold 1,500 shares of the stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $110.23, for a total transaction of $165,345.00. Following the sale, the insider now owns 2,479 shares of the company’s stock, valued at approximately $273,260.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Haley Fisackerly sold 1,500 shares of Entergy stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $110.23, for a total transaction of $165,345.00. Following the completion of the sale, the insider now owns 2,479 shares in the company, valued at approximately $273,260.17. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Reginald T. Jackson sold 9,229 shares of Entergy stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $108.71, for a total value of $1,003,284.59. Following the sale, the chief accounting officer now owns 2,166 shares of the company’s stock, valued at approximately $235,465.86. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by insiders.

About Entergy

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.