Entergy Co. (ETR) Shares Sold by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp
BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lessened its stake in shares of Entergy Co. (NYSE:ETR) by 2.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 68,425 shares of the utilities provider’s stock after selling 1,920 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Entergy were worth $5,225,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Castleton Investment Management LLC purchased a new stake in Entergy during the 2nd quarter worth approximately $16,800,000. Principal Financial Group Inc. boosted its holdings in shares of Entergy by 99.4% in the 2nd quarter. Principal Financial Group Inc. now owns 902,639 shares of the utilities provider’s stock valued at $69,296,000 after acquiring an additional 449,986 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Entergy by 1.0% in the 2nd quarter. BlackRock Inc. now owns 16,243,801 shares of the utilities provider’s stock valued at $1,247,035,000 after acquiring an additional 154,117 shares during the last quarter. Prudential Financial Inc. boosted its holdings in shares of Entergy by 4.3% in the 2nd quarter. Prudential Financial Inc. now owns 585,575 shares of the utilities provider’s stock valued at $44,954,000 after acquiring an additional 23,946 shares during the last quarter. Finally, Swiss National Bank boosted its holdings in shares of Entergy by 3.3% in the 2nd quarter. Swiss National Bank now owns 655,522 shares of the utilities provider’s stock valued at $50,324,000 after acquiring an additional 20,800 shares during the last quarter. 82.95% of the stock is currently owned by institutional investors.
Several equities analysts recently issued reports on ETR shares. BidaskClub upgraded shares of Entergy from a “hold” rating to a “buy” rating in a research note on Saturday, August 26th. Citigroup upgraded shares of Entergy from a “neutral” rating to a “buy” rating and set a $91.00 target price for the company in a research note on Friday, October 13th. Mizuho upgraded shares of Entergy from a “neutral” rating to a “buy” rating in a research note on Friday, November 17th. Morgan Stanley upgraded shares of Entergy from an “underweight” rating to an “equal weight” rating and decreased their target price for the company from $84.00 to $82.00 in a research note on Thursday, September 21st. Finally, TheStreet cut shares of Entergy from a “b-” rating to a “c+” rating in a research note on Wednesday, December 6th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $83.17.
Entergy Co. (NYSE:ETR) traded up $0.06 during trading hours on Thursday, reaching $83.32. 1,228,500 shares of the company’s stock were exchanged, compared to its average volume of 1,211,835. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.78 and a quick ratio of 0.58. The firm has a market capitalization of $15,004.13, a PE ratio of 12.31, a PEG ratio of 1.72 and a beta of 0.55. Entergy Co. has a 52 week low of $69.63 and a 52 week high of $87.95.
Entergy (NYSE:ETR) last posted its quarterly earnings data 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. The company had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $3.13 billion. Entergy had a negative net margin of 7.82% and a positive return on equity of 14.76%. During the same period in the prior year, the business posted $2.31 earnings per share. equities research analysts predict that Entergy Co. will post 6.91 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Thursday, November 9th were given a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 4.27%. This is a boost from Entergy’s previous quarterly dividend of $0.87. The ex-dividend date was Wednesday, November 8th. Entergy’s dividend payout ratio is -72.06%.
In other news, COO Paul D. Hinnenkamp sold 2,300 shares of the stock in a transaction dated Tuesday, October 17th. The shares were sold at an average price of $84.00, for a total value of $193,200.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Charles L. Rice, Jr. sold 9,234 shares of the stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $86.24, for a total transaction of $796,340.16. 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. Company insiders own 0.24% of the company’s stock.
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.
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