Romano Brothers AND Company Sells 325 Shares of Entergy Co. (NYSE:ETR)

Romano Brothers AND Company decreased its holdings in shares of Entergy Co. (NYSE:ETR) by 2.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 13,477 shares of the utilities provider’s stock after selling 325 shares during the quarter. Romano Brothers AND Company’s holdings in Entergy were worth $1,364,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Commonwealth Equity Services LLC grew its stake in shares of Entergy by 1.2% during the third quarter. Commonwealth Equity Services LLC now owns 38,239 shares of the utilities provider’s stock valued at $3,537,000 after buying an additional 467 shares during the last quarter. Alberta Investment Management Corp grew its stake in Entergy by 73.3% in the second quarter. Alberta Investment Management Corp now owns 27,412 shares of the utilities provider’s stock worth $2,669,000 after purchasing an additional 11,598 shares in the last quarter. Ferguson Wellman Capital Management Inc. grew its stake in Entergy by 1.7% in the fourth quarter. Ferguson Wellman Capital Management Inc. now owns 595,644 shares of the utilities provider’s stock worth $60,273,000 after purchasing an additional 9,696 shares in the last quarter. Financial Counselors Inc. grew its stake in Entergy by 28.9% in the fourth quarter. Financial Counselors Inc. now owns 159,395 shares of the utilities provider’s stock worth $16,129,000 after purchasing an additional 35,718 shares in the last quarter. Finally, Los Angeles Capital Management LLC grew its stake in Entergy by 464.4% in the third quarter. Los Angeles Capital Management LLC now owns 12,044 shares of the utilities provider’s stock worth $1,114,000 after purchasing an additional 9,910 shares in the last quarter. Institutional investors own 88.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ETR. Barclays increased their price objective on Entergy from $105.00 to $108.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 14th. Royal Bank of Canada reissued an “outperform” rating and issued a $117.00 price objective on shares of Entergy in a research note on Monday, February 26th. Finally, BMO Capital Markets increased their price objective on Entergy from $110.00 to $113.00 and gave the stock an “outperform” rating in a research note on Monday, February 26th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $109.89.

Insider Activity

In related news, insider Deanna D. Rodriguez sold 1,500 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $101.23, for a total value of $151,845.00. Following the completion of the transaction, the insider now owns 3,442 shares in the company, valued at approximately $348,433.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Entergy news, EVP Kimberly Cook-Nelson sold 2,000 shares of Entergy stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $100.35, for a total transaction of $200,700.00. Following the completion of the transaction, the executive vice president now owns 16,037 shares in the company, valued at approximately $1,609,312.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Deanna D. Rodriguez sold 1,500 shares of Entergy stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $101.23, for a total value of $151,845.00. Following the transaction, the insider now owns 3,442 shares of the company’s stock, valued at approximately $348,433.66. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,000 shares of company stock worth $1,226,685. Insiders own 0.39% of the company’s stock.

Entergy Stock Down 0.9 %

NYSE ETR traded down $0.92 during midday trading on Friday, hitting $102.91. 1,330,249 shares of the company traded hands, compared to its average volume of 1,327,310. Entergy Co. has a 52 week low of $87.10 and a 52 week high of $109.85. The company’s 50-day simple moving average is $102.15 and its 200-day simple moving average is $99.79. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.57 and a quick ratio of 0.32. The company has a market cap of $21.94 billion, a PE ratio of 9.28, a price-to-earnings-growth ratio of 2.03 and a beta of 0.71.

Entergy (NYSE:ETR) last issued its quarterly earnings data on Thursday, February 22nd. The utilities provider reported $0.52 EPS for the quarter, meeting the consensus estimate of $0.52. Entergy had a return on equity of 10.54% and a net margin of 19.41%. The firm had revenue of $2.72 billion during the quarter, compared to analyst estimates of $3.27 billion. During the same quarter in the prior year, the business posted $0.51 EPS. As a group, equities research analysts forecast that Entergy Co. will post 7.22 earnings per share for the current year.

Entergy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Thursday, May 2nd will be issued a dividend of $1.13 per share. The ex-dividend date is Wednesday, May 1st. This represents a $4.52 annualized dividend and a dividend yield of 4.39%. Entergy’s dividend payout ratio is presently 40.76%.

Entergy Company 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.