Mackenzie Financial Corp Has $16.65 Million Holdings in Entergy Co. (NYSE:ETR)

Mackenzie Financial Corp boosted its holdings in shares of Entergy Co. (NYSE:ETR) by 61.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 164,542 shares of the utilities provider’s stock after purchasing an additional 62,703 shares during the period. Mackenzie Financial Corp’s holdings in Entergy were worth $16,650,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of ETR. EverSource Wealth Advisors LLC increased its stake in shares of Entergy by 157.1% in the third quarter. EverSource Wealth Advisors LLC now owns 270 shares of the utilities provider’s stock valued at $25,000 after buying an additional 165 shares in the last quarter. Fairfield Bush & CO. bought a new position in shares of Entergy in the first quarter worth about $29,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Entergy during the third quarter worth approximately $32,000. Fortis Group Advisors LLC bought a new stake in shares of Entergy during the third quarter valued at approximately $32,000. Finally, Harbour Investments Inc. increased its holdings in shares of Entergy by 17,550.0% in the third quarter. Harbour Investments Inc. now owns 353 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 351 shares in the last quarter. Institutional investors own 88.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ETR. BMO Capital Markets increased their price objective on Entergy from $110.00 to $113.00 and gave the company an “outperform” rating in a research report on Monday, February 26th. Royal Bank of Canada reiterated an “outperform” rating and issued a $117.00 price objective on shares of Entergy in a research report on Monday, February 26th. Finally, Barclays cut their target price 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. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $109.78.

Entergy Trading Up 0.5 %

NYSE:ETR opened at $103.75 on Friday. The company has a current ratio of 0.57, a quick ratio of 0.32 and a debt-to-equity ratio of 1.57. Entergy Co. has a 1-year low of $87.10 and a 1-year high of $109.85. The firm has a market capitalization of $22.12 billion, a price-to-earnings ratio of 9.36, a PEG ratio of 2.04 and a beta of 0.71. The business’s 50-day moving average price is $102.44 and its two-hundred day moving average price is $100.01.

Entergy (NYSE:ETR) last announced its quarterly earnings results on Thursday, February 22nd. The utilities provider reported $0.52 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.52. The business had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $3.27 billion. Entergy had a net margin of 19.41% and a return on equity of 10.54%. During the same period last year, the company posted $0.51 EPS. On average, equities analysts expect that Entergy Co. will post 7.22 earnings per share for the current year.

Entergy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Thursday, May 2nd will be given 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 dividend yield of 4.36%. Entergy’s dividend payout ratio is 40.76%.

Insider Activity

In related news, EVP Kimberly Cook-Nelson sold 2,000 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $100.35, for a total transaction of $200,700.00. Following the sale, the executive vice president now owns 16,037 shares of the company’s stock, valued at approximately $1,609,312.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Deanna D. Rodriguez sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $101.23, for a total value of $151,845.00. Following the completion of the transaction, the insider now owns 3,442 shares in the company, valued at $348,433.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Kimberly Cook-Nelson sold 2,000 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $100.35, for a total transaction of $200,700.00. Following the sale, the executive vice president now directly owns 16,037 shares of the company’s stock, valued at approximately $1,609,312.95. The disclosure for this sale can be found here. Insiders sold 12,000 shares of company stock valued at $1,226,685 in the last quarter. Company insiders own 0.39% of the company’s stock.

Entergy 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.