Entergy Corporation (ETR) Shares Sold by Los Angeles Capital Management & Equity Research Inc.
Los Angeles Capital Management & Equity Research Inc. cut its holdings in shares of Entergy Corporation (NYSE:ETR) by 31.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 217,734 shares of the utilities provider’s stock after selling 102,215 shares during the quarter. Los Angeles Capital Management & Equity Research Inc. owned about 0.12% of Entergy Corporation worth $16,626,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Thrivent Financial For Lutherans lifted its stake in Entergy Corporation by 5.6% during the 1st quarter. Thrivent Financial For Lutherans now owns 6,600 shares of the utilities provider’s stock worth $501,000 after acquiring an additional 350 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Entergy Corporation by 2.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 406,463 shares of the utilities provider’s stock valued at $30,875,000 after purchasing an additional 9,521 shares in the last quarter. Gateway Investment Advisers LLC increased its holdings in shares of Entergy Corporation by 2.8% in the 2nd quarter. Gateway Investment Advisers LLC now owns 12,675 shares of the utilities provider’s stock valued at $973,000 after acquiring an additional 349 shares during the last quarter. NN Investment Partners Holdings N.V. grew its stake in Entergy Corporation by 46.0% during the 2nd quarter. NN Investment Partners Holdings N.V. now owns 25,247 shares of the utilities provider’s stock worth $1,937,000 after buying an additional 7,957 shares during the last quarter. Finally, Creative Planning grew its stake in Entergy Corporation by 10.5% during the 2nd quarter. Creative Planning now owns 12,520 shares of the utilities provider’s stock worth $961,000 after buying an additional 1,187 shares during the last quarter. Institutional investors and hedge funds own 82.91% of the company’s stock.
Entergy Corporation (NYSE:ETR) opened at $85.90 on Friday. Entergy Corporation has a 1-year low of $67.40 and a 1-year high of $87.95. The firm has a market capitalization of $15,579.13, a price-to-earnings ratio of 12.79, a PEG ratio of 1.78 and a beta of 0.57. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.78 and a quick ratio of 0.58.
Entergy Corporation (NYSE:ETR) last released its quarterly earnings results on Tuesday, October 24th. The utilities provider reported $2.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.24 by $0.11. Entergy Corporation had a positive return on equity of 14.76% and a negative net margin of 7.82%. The company had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $3.13 billion. During the same period in the previous year, the firm posted $2.31 earnings per share. equities research analysts anticipate that Entergy Corporation will post 6.93 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Thursday, November 9th will be given a $0.89 dividend. The ex-dividend date of this dividend is Wednesday, November 8th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 4.14%. This is an increase from Entergy Corporation’s previous quarterly dividend of $0.87. Entergy Corporation’s payout ratio is currently -72.06%.
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Several analysts have recently commented on ETR shares. Mizuho raised Entergy Corporation from a “neutral” rating to a “buy” rating in a report on Friday. BidaskClub raised Entergy Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. BMO Capital Markets reissued a “hold” rating and issued a $78.00 price target on shares of Entergy Corporation in a report on Friday, August 4th. Morgan Stanley raised their price target on Entergy Corporation from $79.00 to $82.00 and gave the company an “underweight” rating in a report on Thursday, August 10th. Finally, Wells Fargo & Company reissued an “outperform” rating and issued a $96.00 price target (up from $90.00) on shares of Entergy Corporation in a report on Wednesday, October 25th. Eight investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $82.42.
In other news, COO Paul D. Hinnenkamp sold 4,000 shares of Entergy Corporation stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $86.22, for a total value of $344,880.00. Following the completion of the sale, the chief operating officer now owns 16,925 shares of the company’s stock, valued at $1,459,273.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Charles L. Rice, Jr. sold 1,000 shares of Entergy Corporation stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $78.95, for a total value of $78,950.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 58,812 shares of company stock valued at $4,986,472. Company insiders own 0.24% of the company’s stock.
About Entergy Corporation
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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