Entergy Co. (NYSE:ETR) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Posted by Defense World Staff on Apr 22nd, 2023

Zurcher Kantonalbank Zurich Cantonalbank lowered its position in Entergy Co. (NYSE:ETR – Get Rating) by 31.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,833 shares of the utilities provider’s stock after selling 18,452 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Entergy were worth $4,594,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Fairfield Bush & CO. acquired a new stake in Entergy during the 1st quarter valued at $29,000. Dimensional Fund Advisors LP boosted its holdings in shares of Entergy by 1.8% during the first quarter. Dimensional Fund Advisors LP now owns 637,493 shares of the utilities provider’s stock worth $74,429,000 after purchasing an additional 11,568 shares during the last quarter. Blair William & Co. IL boosted its holdings in shares of Entergy by 20.0% during the first quarter. Blair William & Co. IL now owns 44,607 shares of the utilities provider’s stock worth $5,208,000 after purchasing an additional 7,434 shares during the last quarter. Sei Investments Co. boosted its holdings in shares of Entergy by 52.8% during the first quarter. Sei Investments Co. now owns 189,102 shares of the utilities provider’s stock worth $22,074,000 after purchasing an additional 65,376 shares during the last quarter. Finally, Allianz Asset Management GmbH boosted its holdings in shares of Entergy by 37.7% during the first quarter. Allianz Asset Management GmbH now owns 288,794 shares of the utilities provider’s stock worth $33,717,000 after purchasing an additional 79,137 shares during the last quarter. Institutional investors and hedge funds own 89.98% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on ETR shares. Citigroup decreased their price objective on Entergy from $131.00 to $117.00 and set a “neutral” rating on the stock in a report on Wednesday, April 12th. TheStreet raised Entergy from a “c+” rating to a “b-” rating in a research report on Monday. Morgan Stanley increased their target price on Entergy from $97.00 to $106.00 and gave the stock an “underweight” rating in a research report on Thursday. Mizuho cut their price objective on Entergy from $114.00 to $113.00 and set a “buy” rating on the stock in a research report on Thursday, January 19th. Finally, LADENBURG THALM/SH SH began coverage on Entergy in a research report on Monday, April 3rd. They issued a “buy” rating and a $116.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $121.94.

Entergy Stock Up 0.0 %

NYSE:ETR opened at $108.64 on Friday. The company has a market capitalization of $22.97 billion, a price-to-earnings ratio of 20.16, a price-to-earnings-growth ratio of 2.71 and a beta of 0.65. Entergy Co. has a one year low of $94.94 and a one year high of $125.22. The stock has a 50-day simple moving average of $106.27 and a 200 day simple moving average of $108.14. 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 (NYSE:ETR – Get Rating) last posted its quarterly earnings results on Thursday, February 16th. The utilities provider reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.06. The business had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $2.65 billion. Entergy had a return on equity of 10.88% and a net margin of 8.01%. During the same period last year, the firm earned $0.76 earnings per share. Sell-side analysts predict that Entergy Co. will post 6.69 EPS for the current fiscal year.

Entergy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 1st. Shareholders of record on Thursday, May 4th will be paid a $1.07 dividend. The ex-dividend date of this dividend is Wednesday, May 3rd. This represents a $4.28 dividend on an annualized basis and a yield of 3.94%. Entergy’s payout ratio is currently 79.41%.

Insider Buying and Selling at Entergy

In other Entergy news, insider Deanna D. Rodriguez sold 300 shares of Entergy stock in a transaction that occurred on Thursday, March 9th. The stock was sold at an average price of $103.96, for a total value of $31,188.00. Following the completion of the transaction, the insider now directly owns 3,269 shares in the company, valued at $339,845.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, insider Deanna D. Rodriguez sold 300 shares of Entergy stock in a transaction that occurred on Thursday, March 9th. The stock was sold at an average price of $103.96, for a total transaction of $31,188.00. Following the sale, the insider now owns 3,269 shares of the company’s stock, valued at $339,845.24. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Haley Fisackerly sold 3,890 shares of Entergy stock in a transaction that occurred on Monday, February 27th. The shares were sold at an average price of $108.42, for a total value of $421,753.80. Following the sale, the insider now directly owns 1,656 shares in the company, valued at approximately $179,543.52. The disclosure for this sale can be found here. Insiders sold a total of 17,092 shares of company stock worth $1,821,838 over the last ninety days. Company insiders own 0.37% of the company’s stock.

About Entergy

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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.