Gofen & Glossberg LLC IL decreased its position in Entergy Co. (NYSE:ETR) by 11.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,566 shares of the utilities provider’s stock after selling 1,000 shares during the quarter. Gofen & Glossberg LLC IL’s holdings in Entergy were worth $578,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Advisory Services Network LLC increased its position in shares of Entergy by 2.1% during the second quarter. Advisory Services Network LLC now owns 2,335 shares of the utilities provider’s stock valued at $179,000 after buying an additional 49 shares during the period. Krilogy Financial LLC increased its position in shares of Entergy by 1,116.0% during the third quarter. Krilogy Financial LLC now owns 2,432 shares of the utilities provider’s stock valued at $186,000 after buying an additional 2,232 shares during the period. Parallel Advisors LLC increased its position in shares of Entergy by 3.0% during the second quarter. Parallel Advisors LLC now owns 2,448 shares of the utilities provider’s stock valued at $188,000 after buying an additional 71 shares during the period. BlueMountain Capital Management LLC purchased a new position in shares of Entergy during the second quarter valued at about $204,000. Finally, Buckingham Asset Management LLC purchased a new position in shares of Entergy during the third quarter valued at about $212,000. Hedge funds and other institutional investors own 82.95% of the company’s stock.

ETR has been the topic of several research analyst reports. BidaskClub upgraded shares of Entergy from a “hold” rating to a “buy” rating in a research report on Saturday, August 26th. Morgan Stanley boosted their price target on shares of Entergy from $82.00 to $84.00 and gave the company an “underweight” rating in a research report on Friday, September 8th. J P Morgan Chase & Co boosted their price target on shares of Entergy from $83.00 to $84.00 and gave the company a “neutral” rating in a research report on Thursday, October 12th. Citigroup upgraded shares of Entergy from a “neutral” rating to a “buy” rating and set a $91.00 price target on the stock in a research report on Friday, October 13th. Finally, Jefferies Group upgraded shares of Entergy from a “hold” rating to a “buy” rating in a research report on Monday, October 16th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Entergy currently has a consensus rating of “Buy” and a consensus price target of $83.17.

In related news, insider Charles L. Rice, Jr. sold 9,234 shares of the business’s 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Marcus V. Brown sold 1,500 shares of the business’s stock in a transaction dated Friday, October 13th. The stock was sold at an average price of $82.00, for a total transaction of $123,000.00. The disclosure for this sale can be found here. Insiders have sold 57,812 shares of company stock worth $4,907,522 in the last three months. 0.24% of the stock is currently owned by insiders.

Entergy Co. (NYSE:ETR) traded down $0.66 during trading hours on Friday, reaching $82.66. 1,288,600 shares of the company traded hands, compared to its average volume of 1,212,154. Entergy Co. has a 1-year low of $69.63 and a 1-year high of $87.95. 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 company has a market capitalization of $15,018.55, a price-to-earnings ratio of 12.32, a P/E/G ratio of 1.72 and a beta of 0.55.

Entergy (NYSE:ETR) last posted its quarterly earnings data on Tuesday, October 24th. The utilities provider reported $2.35 EPS for the quarter, topping the consensus estimate of $2.24 by $0.11. Entergy had a negative net margin of 7.82% and a positive return on equity of 14.76%. The business had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same quarter in the previous year, the firm posted $2.31 earnings per share. analysts anticipate that Entergy Co. will post 6.91 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Thursday, November 9th were paid a dividend of $0.89 per share. The ex-dividend date was Wednesday, November 8th. This represents a $3.56 annualized dividend and a yield of 4.31%. This is a positive change from Entergy’s previous quarterly dividend of $0.87. Entergy’s payout ratio is presently -72.06%.

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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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Institutional Ownership by Quarter for Entergy (NYSE:ETR)

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