Entergy Co. (NYSE:ETR) Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. lessened its stake in Entergy Co. (NYSE:ETR – Get Rating) by 7.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,487 shares of the utilities provider’s stock after selling 738 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Entergy were worth $1,067,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. YHB Investment Advisors Inc. purchased a new position in Entergy in the fourth quarter worth approximately $206,000. State of Michigan Retirement System grew its position in Entergy by 0.4% in the fourth quarter. State of Michigan Retirement System now owns 55,302 shares of the utilities provider’s stock worth $6,221,000 after acquiring an additional 200 shares during the period. U.S. Capital Wealth Advisors LLC purchased a new position in Entergy in the fourth quarter worth approximately $43,000. Allspring Global Investments Holdings LLC grew its position in Entergy by 5.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 119,233 shares of the utilities provider’s stock worth $11,997,000 after acquiring an additional 6,522 shares during the period. Finally, Victory Capital Management Inc. grew its position in Entergy by 7.8% in the third quarter. Victory Capital Management Inc. now owns 524,757 shares of the utilities provider’s stock worth $52,806,000 after acquiring an additional 37,958 shares during the period. Institutional investors and hedge funds own 89.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Mizuho lowered their price target on Entergy from $114.00 to $113.00 and set a “buy” rating for the company in a research report on Thursday, January 19th. Morgan Stanley raised their price target on Entergy from $97.00 to $106.00 and gave the stock an “underweight” rating in a research report on Thursday, April 20th. TheStreet upgraded Entergy from a “c+” rating to a “b-” rating in a research report on Monday, April 17th. Guggenheim lowered their price target on Entergy from $128.00 to $124.00 in a research report on Monday, April 24th. Finally, StockNews.com assumed coverage on Entergy in a research report on Thursday, March 16th. They set a “hold” rating for the company. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $122.35.

Insider Transactions at Entergy

In other news, insider Deanna D. Rodriguez sold 300 shares of Entergy stock in a transaction dated 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 in the company, valued at $339,845.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Deanna D. Rodriguez sold 300 shares of Entergy stock in a transaction dated 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 in the company, valued at $339,845.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Marcus V. Brown sold 12,500 shares of the business’s stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $106.10, for a total value of $1,326,250.00. Following the completion of the transaction, the executive vice president now owns 9,129 shares in the company, valued at approximately $968,586.90. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 17,092 shares of company stock worth $1,821,838. Corporate insiders own 0.37% of the company’s stock.

Entergy Stock Up 0.6 %

Entergy stock opened at $107.60 on Thursday. Entergy Co. has a 1-year low of $94.94 and a 1-year high of $122.46. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.90 and a quick ratio of 0.66. The stock has a market cap of $22.75 billion, a PE ratio of 19.56, a P/E/G ratio of 5.63 and a beta of 0.65. The stock’s fifty day moving average is $106.43 and its two-hundred day moving average is $108.70.

Entergy (NYSE:ETR – Get Rating) last posted its quarterly earnings results on Wednesday, April 26th. The utilities provider reported $1.14 earnings per share for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.20). Entergy had a net margin of 8.17% and a return on equity of 10.34%. The business had revenue of $2.98 billion during the quarter, compared to analyst estimates of $2.80 billion. During the same quarter in the prior year, the business earned $1.32 earnings per share. On average, sell-side analysts expect that Entergy Co. will post 6.69 EPS for the current fiscal year.

Entergy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 1st. Stockholders of record on Thursday, May 4th will be given a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.98%. The ex-dividend date of this dividend is Wednesday, May 3rd. Entergy’s dividend payout ratio (DPR) is currently 77.82%.

Entergy Profile

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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.