Entergy Co. (NYSE:ETR) Shares Sold by LSV Asset Management

LSV Asset Management cut its position in shares of Entergy Co. (NYSE:ETR) by 1.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 242,500 shares of the utilities provider’s stock after selling 4,000 shares during the quarter. LSV Asset Management owned 0.11% of Entergy worth $24,539,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew its position in shares of Entergy by 157.1% in the third quarter. EverSource Wealth Advisors LLC now owns 270 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 165 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Entergy during the third quarter valued at $32,000. Fortis Group Advisors LLC acquired a new position in Entergy in the 3rd quarter valued at about $32,000. CVA Family Office LLC acquired a new stake in shares of Entergy during the 4th quarter worth about $41,000. Finally, Millburn Ridgefield Corp purchased a new stake in shares of Entergy during the third quarter worth about $43,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ETR. BMO Capital Markets lifted their price target on shares of Entergy from $110.00 to $113.00 and gave the stock an “outperform” rating in a report on Monday, February 26th. Scotiabank lowered their price target on shares of Entergy from $111.00 to $104.00 and set a “sector perform” rating for the company in a report on Monday, April 22nd. KeyCorp boosted their target price on shares of Entergy from $108.00 to $112.00 and gave the company an “overweight” rating in a report on Friday, April 19th. Royal Bank of Canada restated an “outperform” rating and issued a $117.00 target price on shares of Entergy in a report on Monday, February 26th. Finally, Barclays lowered their target price 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. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $109.45.

Entergy Price Performance

ETR opened at $107.98 on Monday. The company has a quick ratio of 0.45, a current ratio of 0.69 and a debt-to-equity ratio of 1.68. Entergy Co. has a 52-week low of $87.10 and a 52-week high of $108.45. The company has a 50 day moving average of $104.02 and a two-hundred day moving average of $101.21. The company has a market cap of $23.06 billion, a P/E ratio of 10.84, a P/E/G ratio of 2.01 and a beta of 0.69.

Entergy (NYSE:ETR) last posted its earnings results on Wednesday, April 24th. The utilities provider reported $1.08 EPS for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.36). Entergy had a return on equity of 10.20% and a net margin of 17.75%. The firm had revenue of $31.17 billion for the quarter, compared to analyst estimates of $3.16 billion. During the same period in the previous year, the firm posted $1.14 earnings per share. The company’s revenue for the quarter was down .5% on a year-over-year basis. On average, analysts expect that Entergy Co. will post 7.22 earnings per share for the current year.

Entergy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Thursday, May 2nd will be given a dividend of $1.13 per share. The ex-dividend date is Wednesday, May 1st. This represents a $4.52 dividend on an annualized basis and a dividend yield of 4.19%. Entergy’s payout ratio is currently 45.34%.

Insider Transactions at Entergy

In other news, EVP Marcus V. Brown sold 8,500 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $102.84, for a total transaction of $874,140.00. Following the transaction, the executive vice president now directly owns 9,911 shares of the company’s stock, valued at $1,019,247.24. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, EVP Marcus V. Brown sold 8,500 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $102.84, for a total transaction of $874,140.00. Following the transaction, the executive vice president now directly owns 9,911 shares of the company’s stock, valued at $1,019,247.24. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Deanna D. Rodriguez sold 1,500 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $101.23, for a total transaction of $151,845.00. Following the completion of the sale, the insider now directly owns 3,442 shares in the company, valued at $348,433.66. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,000 shares of company stock valued at $1,226,685. Corporate insiders own 0.54% of the company’s stock.

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.