Entergy Co. (NYSE:ETR) Shares Sold by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co lessened its holdings in shares of Entergy Co. (NYSE:ETR) by 0.7% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,283 shares of the utilities provider’s stock after selling 140 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Entergy were worth $2,063,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. State Board of Administration of Florida Retirement System grew its position in shares of Entergy by 6.3% during the first quarter. State Board of Administration of Florida Retirement System now owns 234,595 shares of the utilities provider’s stock worth $25,275,000 after buying an additional 13,882 shares in the last quarter. Cetera Advisor Networks LLC increased its position in shares of Entergy by 11.1% in the 4th quarter. Cetera Advisor Networks LLC now owns 55,261 shares of the utilities provider’s stock worth $5,592,000 after purchasing an additional 5,509 shares during the last quarter. Norges Bank acquired a new stake in shares of Entergy in the 4th quarter valued at about $127,675,000. Groupama Asset Managment acquired a new stake in shares of Entergy in the 4th quarter valued at about $15,783,000. Finally, Acadian Asset Management LLC lifted its position in shares of Entergy by 55.4% during the first quarter. Acadian Asset Management LLC now owns 14,877 shares of the utilities provider’s stock worth $1,571,000 after purchasing an additional 5,303 shares during the last quarter. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Entergy

In other Entergy news, 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 transaction, the chief executive officer now owns 150,731 shares of the company’s stock, valued at approximately $18,092,241.93. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO Andrew S. Marsh sold 19,200 shares of the business’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $120.35, for a total value of $2,310,720.00. Following the sale, the chief executive officer now owns 150,731 shares of the company’s stock, valued at approximately $18,140,475.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 value of $72,018.00. Following the transaction, the chief executive officer now directly owns 150,731 shares of the company’s stock, valued at approximately $18,092,241.93. The disclosure for this sale can be found here. Insiders have sold a total of 42,888 shares of company stock worth $5,110,766 over the last ninety days. 0.39% of the stock is currently owned by corporate insiders.

Entergy Trading Down 0.7 %

Entergy stock opened at $127.68 on Friday. Entergy Co. has a 52-week low of $87.10 and a 52-week high of $129.66. The company has a quick ratio of 0.62, a current ratio of 0.94 and a debt-to-equity ratio of 1.81. The firm has a market capitalization of $27.26 billion, a price-to-earnings ratio of 12.81, a PEG ratio of 2.31 and a beta of 0.73. The firm has a 50-day moving average price of $118.12 and a two-hundred day moving average price of $110.62.

Entergy (NYSE:ETR) last issued its quarterly earnings data on Thursday, August 1st. The utilities provider reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.76 by $0.16. Entergy had a return on equity of 10.10% and a net margin of 14.75%. The business had revenue of $2.95 billion during the quarter, compared to analyst estimates of $2.98 billion. During the same period in the prior year, the company posted $1.84 EPS. Sell-side analysts expect that Entergy Co. will post 7.22 earnings per share for the current year.

Entergy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Tuesday, August 13th were issued a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date of this dividend was Tuesday, August 13th. Entergy’s dividend payout ratio (DPR) is 45.34%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. LADENBURG THALM/SH SH restated a “neutral” rating and set a $109.50 price objective (down previously from $117.00) on shares of Entergy in a research note on Wednesday, June 12th. Wells Fargo & Company upped their price target on Entergy from $125.00 to $137.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Barclays upgraded Entergy from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $115.00 to $138.00 in a research note on Tuesday. Guggenheim boosted their target price on shares of Entergy from $118.00 to $128.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Finally, Argus upgraded shares of Entergy to a “strong-buy” rating in a research report on Wednesday, August 28th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $125.35.

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.