Mirae Asset Global Investments Co. Ltd. Decreases Stock Position in Entergy Co. (NYSE:ETR)

Mirae Asset Global Investments Co. Ltd. reduced its stake in Entergy Co. (NYSE:ETR) by 1.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,732 shares of the utilities provider’s stock after selling 637 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Entergy were worth $3,717,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in ETR. FMR LLC boosted its holdings in shares of Entergy by 64.4% in the third quarter. FMR LLC now owns 4,562,369 shares of the utilities provider’s stock worth $422,019,000 after acquiring an additional 1,787,977 shares during the period. Zimmer Partners LP boosted its stake in Entergy by 16,815.8% during the second quarter. Zimmer Partners LP now owns 1,319,436 shares of the utilities provider’s stock valued at $128,473,000 after buying an additional 1,311,636 shares during the period. State Street Corp boosted its stake in Entergy by 8.1% during the first quarter. State Street Corp now owns 12,122,596 shares of the utilities provider’s stock valued at $1,415,313,000 after buying an additional 908,932 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in Entergy by 64.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,944,167 shares of the utilities provider’s stock valued at $209,465,000 after buying an additional 762,393 shares during the period. Finally, Millennium Management LLC boosted its stake in Entergy by 86.0% during the fourth quarter. Millennium Management LLC now owns 1,633,335 shares of the utilities provider’s stock valued at $183,750,000 after buying an additional 754,971 shares during the period. 88.07% of the stock is owned by institutional investors.

Insider Transactions at Entergy

In other news, insider Deanna D. Rodriguez sold 1,500 shares of Entergy stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $101.23, for a total value of $151,845.00. Following the transaction, the insider now owns 3,442 shares in the company, valued at $348,433.66. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other 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 transaction, the executive vice president now owns 16,037 shares in the company, valued at $1,609,312.95. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Deanna D. Rodriguez sold 1,500 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $101.23, for a total value 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 quarter, insiders have sold 12,000 shares of company stock worth $1,226,685. Company insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Barclays dropped their price objective on Entergy from $108.00 to $107.00 and set an “equal weight” rating for the company in a research note on Monday. Royal Bank of Canada reissued an “outperform” rating and set a $117.00 price objective on shares of Entergy in a research note on Monday, February 26th. Finally, BMO Capital Markets lifted their price objective on Entergy from $110.00 to $113.00 and gave the company an “outperform” rating in a research note on Monday, February 26th. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $109.78.

Entergy Trading Down 1.7 %

Shares of ETR stock opened at $100.58 on Wednesday. The company has a quick ratio of 0.32, a current ratio of 0.57 and a debt-to-equity ratio of 1.57. The business has a 50-day moving average price of $102.23 and a two-hundred day moving average price of $99.96. Entergy Co. has a 12-month low of $87.10 and a 12-month high of $109.85. The firm has a market cap of $21.45 billion, a P/E ratio of 9.07, a price-to-earnings-growth ratio of 2.03 and a beta of 0.71.

Entergy (NYSE:ETR) last issued its quarterly earnings results on Thursday, February 22nd. The utilities provider reported $0.52 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.52. Entergy had a return on equity of 10.54% and a net margin of 19.41%. The firm had revenue of $2.72 billion during the quarter, compared to analyst estimates of $3.27 billion. During the same quarter in the previous year, the company posted $0.51 earnings per share. Equities analysts anticipate that Entergy Co. will post 7.22 EPS for the current fiscal year.

Entergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Thursday, May 2nd will be issued a $1.13 dividend. The ex-dividend date is Wednesday, May 1st. This represents a $4.52 annualized dividend and a dividend yield of 4.49%. Entergy’s dividend payout ratio is currently 40.76%.

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.