Entergy Corporation (ETR) Shares Bought by Anchor Capital Advisors LLC
Anchor Capital Advisors LLC lifted its position in Entergy Corporation (NYSE:ETR) by 4.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 266,492 shares of the utilities provider’s stock after buying an additional 11,341 shares during the quarter. Anchor Capital Advisors LLC owned about 0.15% of Entergy Corporation worth $20,349,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently made changes to their positions in ETR. Franklin Resources Inc. grew its stake in shares of Entergy Corporation by 43.9% in the 2nd quarter. Franklin Resources Inc. now owns 1,888,643 shares of the utilities provider’s stock valued at $144,991,000 after buying an additional 576,426 shares in the last quarter. AJO LP lifted its holdings in Entergy Corporation by 16.0% in the 2nd quarter. AJO LP now owns 3,518,543 shares of the utilities provider’s stock worth $270,119,000 after purchasing an additional 485,602 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Entergy Corporation by 99.4% in the 2nd quarter. Principal Financial Group Inc. now owns 902,639 shares of the utilities provider’s stock worth $69,296,000 after purchasing an additional 449,986 shares during the last quarter. Parametric Portfolio Associates LLC lifted its holdings in Entergy Corporation by 71.1% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 973,379 shares of the utilities provider’s stock worth $74,726,000 after purchasing an additional 404,399 shares during the last quarter. Finally, Nomura Holdings Inc. lifted its holdings in Entergy Corporation by 4,433.0% in the 2nd quarter. Nomura Holdings Inc. now owns 245,415 shares of the utilities provider’s stock worth $18,842,000 after purchasing an additional 240,001 shares during the last quarter. 82.91% of the stock is owned by institutional investors and hedge funds.
In other news, insider Sallie T. Rainer sold 6,300 shares of Entergy Corporation stock in a transaction that occurred on Friday, October 13th. The stock was sold at an average price of $82.00, for a total transaction of $516,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Charles L. Rice, Jr. sold 1,000 shares of Entergy Corporation stock in a transaction that occurred on Wednesday, August 23rd. The stock was 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. Over the last quarter, insiders have sold 59,812 shares of company stock valued at $5,064,252. 0.24% of the stock is owned by corporate insiders.
Several equities research analysts recently weighed in on ETR shares. Mizuho restated a “hold” rating and issued a $83.00 target price on shares of Entergy Corporation in a report on Friday, October 27th. Citigroup Inc. upgraded Entergy Corporation from a “neutral” rating to a “buy” rating and set a $91.00 price target for the company in a report on Friday, October 13th. BMO Capital Markets reiterated a “hold” rating and set a $78.00 price target on shares of Entergy Corporation in a report on Friday, August 4th. J P Morgan Chase & Co upped their target price on Entergy Corporation from $83.00 to $84.00 and gave the company a “neutral” rating in a research note on Thursday, October 12th. Finally, BidaskClub upgraded Entergy Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, August 26th. Nine investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Entergy Corporation has an average rating of “Hold” and an average target price of $82.42.
Entergy Corporation (ETR) traded up $1.51 during trading hours on Tuesday, reaching $86.64. The company’s stock had a trading volume of 1,476,000 shares, compared to its average volume of 1,209,001. The firm has a market capitalization of $15,344.80, a price-to-earnings ratio of 12.59, a price-to-earnings-growth ratio of 1.75 and a beta of 0.57. The company has a quick ratio of 0.58, a current ratio of 0.78 and a debt-to-equity ratio of 1.61. Entergy Corporation has a 1 year low of $66.73 and a 1 year high of $87.85.
Entergy Corporation (NYSE:ETR) last posted its quarterly earnings data on Tuesday, October 24th. The utilities provider reported $2.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.24 by $0.11. The business had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.13 billion. Entergy Corporation had a positive return on equity of 14.76% and a negative net margin of 7.82%. During the same period last year, the company earned $2.31 earnings per share. sell-side analysts expect that Entergy Corporation will post 6.93 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Thursday, November 9th will be issued a dividend of $0.89 per share. The ex-dividend date is Wednesday, November 8th. This is an increase from Entergy Corporation’s previous quarterly dividend of $0.87. This represents a $3.56 dividend on an annualized basis and a dividend yield of 4.11%. Entergy Corporation’s dividend payout ratio (DPR) is presently -72.06%.
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Entergy Corporation 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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