Versor Investments LP Sells 9,224 Shares of Entergy Co. (NYSE:ETR)

Versor Investments LP cut its holdings in Entergy Co. (NYSE:ETR) by 45.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,983 shares of the utilities provider’s stock after selling 9,224 shares during the period. Versor Investments LP’s holdings in Entergy were worth $1,111,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. EverSource Wealth Advisors LLC grew its position in Entergy by 157.1% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 270 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 165 shares during the last quarter. Fortis Group Advisors LLC purchased a new position in shares of Entergy in the third quarter worth $32,000. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in Entergy during the 3rd quarter valued at $32,000. CVA Family Office LLC purchased a new stake in Entergy during the 4th quarter valued at $41,000. Finally, Millburn Ridgefield Corp bought a new stake in Entergy in the 3rd quarter worth $43,000. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on ETR. Royal Bank of Canada reiterated an “outperform” rating and set a $117.00 target price on shares of Entergy in a report on Monday, February 26th. KeyCorp boosted their target price on Entergy from $108.00 to $112.00 and gave the company an “overweight” rating in a research note on Friday, April 19th. Scotiabank dropped their price target on Entergy from $111.00 to $104.00 and set a “sector perform” rating for the company in a research note on Monday, April 22nd. Barclays reduced their price objective on shares of Entergy from $108.00 to $107.00 and set an “equal weight” rating on the stock in a research report on Monday, April 15th. Finally, BMO Capital Markets raised their target price on shares of Entergy from $110.00 to $113.00 and gave the stock an “outperform” rating in a research report on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $109.45.

Insiders Place Their Bets

In related news, EVP Kimberly Cook-Nelson sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $100.35, for a total transaction of $200,700.00. Following the completion of the sale, the executive vice president now owns 16,037 shares of the company’s stock, valued at $1,609,312.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related 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 value of $200,700.00. Following the completion of the sale, the executive vice president now directly owns 16,037 shares in the company, valued at approximately $1,609,312.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Deanna D. Rodriguez sold 1,500 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $101.23, for a total transaction of $151,845.00. Following the transaction, the insider now owns 3,442 shares in the company, valued at approximately $348,433.66. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 22,729 shares of company stock valued at $2,395,315. Insiders own 0.39% of the company’s stock.

Entergy Price Performance

Shares of NYSE ETR opened at $111.99 on Friday. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.45 and a current ratio of 0.69. The company has a 50 day simple moving average of $105.03 and a two-hundred day simple moving average of $101.73. Entergy Co. has a fifty-two week low of $87.10 and a fifty-two week high of $112.61. The company has a market capitalization of $23.91 billion, a price-to-earnings ratio of 11.23, a P/E/G ratio of 2.08 and a beta of 0.69.

Entergy (NYSE:ETR) last posted its quarterly earnings data on Wednesday, April 24th. The utilities provider reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.36). Entergy had a net margin of 17.75% and a return on equity of 10.20%. The company had revenue of $31.17 billion for the quarter, compared to the consensus estimate of $3.16 billion. During the same period last year, the business earned $1.14 EPS. The firm’s quarterly revenue was down .5% on a year-over-year basis. Analysts expect that Entergy Co. will post 7.23 EPS for the current fiscal year.

Entergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Thursday, May 2nd will be paid 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 yield of 4.04%. Entergy’s dividend payout ratio is currently 45.34%.

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.