Calamos Advisors LLC Trims Stock Holdings in Entergy Co. (NYSE:ETR)

Calamos Advisors LLC decreased its holdings in Entergy Co. (NYSE:ETR) by 1.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 86,103 shares of the utilities provider’s stock after selling 1,124 shares during the period. Calamos Advisors LLC’s holdings in Entergy were worth $8,713,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. EverSource Wealth Advisors LLC grew its stake in Entergy by 157.1% during the third quarter. EverSource Wealth Advisors LLC now owns 270 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 165 shares in the last quarter. Fairfield Bush & CO. purchased a new position in Entergy during the first quarter valued at approximately $29,000. Annis Gardner Whiting Capital Advisors LLC purchased a new position in Entergy during the third quarter valued at approximately $32,000. Fortis Group Advisors LLC purchased a new position in Entergy during the third quarter valued at approximately $32,000. Finally, Harbour Investments Inc. grew its stake in Entergy by 17,550.0% during the third quarter. Harbour Investments Inc. now owns 353 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 351 shares in the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Wall Street Analysts Forecast Growth

ETR has been the subject of several recent analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $117.00 price objective on shares of Entergy in a research note on Monday, February 26th. Barclays lowered their price objective on shares of Entergy from $108.00 to $107.00 and set an “equal weight” rating for the company in a report on Monday, April 15th. BMO Capital Markets boosted their price objective on shares of Entergy from $110.00 to $113.00 and gave the stock an “outperform” rating in a report on Monday, February 26th. Finally, KeyCorp boosted their price objective on shares of Entergy from $108.00 to $112.00 and gave the stock an “overweight” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $110.00.

Entergy Stock Up 2.9 %

Shares of Entergy stock opened at $106.77 on Friday. The company has a current ratio of 0.57, a quick ratio of 0.32 and a debt-to-equity ratio of 1.57. The company’s fifty day simple moving average is $102.62 and its two-hundred day simple moving average is $100.13. The company has a market cap of $22.77 billion, a P/E ratio of 9.63, a PEG ratio of 2.05 and a beta of 0.71. Entergy Co. has a 12-month low of $87.10 and a 12-month high of $109.70.

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

Entergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Thursday, May 2nd will be given a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 4.23%. The ex-dividend date is Wednesday, May 1st. Entergy’s payout ratio is currently 40.76%.

Insider Transactions at Entergy

In related news, EVP Marcus V. Brown sold 8,500 shares of the stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $102.84, for a total value of $874,140.00. Following the completion of the transaction, the executive vice president now directly owns 9,911 shares in the company, valued at approximately $1,019,247.24. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, EVP Marcus V. Brown sold 8,500 shares of the stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $102.84, for a total value of $874,140.00. Following the completion of the transaction, the executive vice president now directly owns 9,911 shares in the company, valued at approximately $1,019,247.24. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Kimberly Cook-Nelson sold 2,000 shares of the 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 of the company’s stock, valued at $1,609,312.95. The disclosure for this sale can be found here. Insiders have sold 12,000 shares of company stock valued at $1,226,685 in the last three months. 0.39% of the stock is currently owned by company insiders.

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.