DekaBank Deutsche Girozentrale increased its stake in shares of Entergy Co. (NYSE:ETR – Get Rating) by 4.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 37,081 shares of the utilities provider’s stock after buying an additional 1,508 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Entergy were worth $4,155,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also modified their holdings of the stock. Wetherby Asset Management Inc. boosted its holdings in shares of Entergy by 2.7% during the 1st quarter. Wetherby Asset Management Inc. now owns 3,269 shares of the utilities provider’s stock worth $382,000 after buying an additional 87 shares during the period. Greenleaf Trust boosted its holdings in shares of Entergy by 2.6% during the 4th quarter. Greenleaf Trust now owns 3,830 shares of the utilities provider’s stock worth $431,000 after buying an additional 96 shares during the period. Parkside Financial Bank & Trust boosted its holdings in shares of Entergy by 15.5% during the 1st quarter. Parkside Financial Bank & Trust now owns 739 shares of the utilities provider’s stock worth $86,000 after buying an additional 99 shares during the period. Stratos Wealth Partners LTD. boosted its holdings in shares of Entergy by 2.5% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 4,179 shares of the utilities provider’s stock worth $421,000 after buying an additional 100 shares during the period. Finally, Louisiana State Employees Retirement System boosted its holdings in Entergy by 0.8% in the 4th quarter. Louisiana State Employees Retirement System now owns 13,100 shares of the utilities provider’s stock valued at $1,474,000 after purchasing an additional 100 shares during the period. Institutional investors own 89.98% of the company’s stock.
Entergy Trading Up 0.8 %
Shares of NYSE ETR opened at $109.40 on Thursday. The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.43 and a current ratio of 0.64. Entergy Co. has a 52-week low of $94.94 and a 52-week high of $126.82. The firm has a 50 day moving average price of $106.17 and a two-hundred day moving average price of $108.13. The stock has a market cap of $23.13 billion, a P/E ratio of 20.30, a price-to-earnings-growth ratio of 2.68 and a beta of 0.65.
Entergy Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 1st. Stockholders of record on Thursday, May 4th will be paid a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.91%. The ex-dividend date is Wednesday, May 3rd. Entergy’s dividend payout ratio is currently 79.41%.
Insider Activity
In related news, EVP Marcus V. Brown sold 12,500 shares of the stock in a transaction on Monday, February 27th. The shares were sold at an average price of $106.10, for a total transaction of $1,326,250.00. Following the transaction, the executive vice president now directly owns 9,129 shares of the company’s stock, valued at $968,586.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, insider Deanna D. Rodriguez sold 300 shares of the stock in a transaction on Thursday, March 9th. The shares were sold at an average price of $103.96, for a total transaction of $31,188.00. Following the transaction, the insider now directly owns 3,269 shares of the company’s stock, valued at $339,845.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Marcus V. Brown sold 12,500 shares of the stock in a transaction on Monday, February 27th. The stock was sold at an average price of $106.10, for a total transaction of $1,326,250.00. Following the transaction, the executive vice president now directly owns 9,129 shares in the company, valued at $968,586.90. The disclosure for this sale can be found here. In the last three months, insiders have sold 17,092 shares of company stock valued at $1,821,838. 0.37% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
ETR has been the subject of a number of recent research reports. TheStreet raised shares of Entergy from a “c+” rating to a “b-” rating in a report on Monday. StockNews.com initiated coverage on shares of Entergy in a report on Thursday, March 16th. They issued a “hold” rating for the company. LADENBURG THALM/SH SH initiated coverage on shares of Entergy in a report on Monday, April 3rd. They issued a “buy” rating and a $116.00 price objective for the company. Morgan Stanley cut their price objective on shares of Entergy from $103.00 to $97.00 and set an “underweight” rating for the company in a report on Tuesday, March 21st. Finally, Citigroup dropped their target price on shares of Entergy from $131.00 to $117.00 and set a “neutral” rating for the company in a research report on Wednesday, April 12th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Entergy presently has a consensus rating of “Hold” and a consensus price target of $121.41.
About Entergy
Entergy Corp. is a holding company, which engages in electric power generation and distribution. It operates through the following segments: Utility and Entergy Wholesale Commodities. The Utility segment includes the generation, transmission, distribution, and sale of electric power and the operations of a natural gas distribution business.
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