Yousif Capital Management LLC Lowers Position in Entergy Co. (NYSE:ETR)

Yousif Capital Management LLC decreased its stake in shares of Entergy Co. (NYSE:ETR) by 10.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,989 shares of the utilities provider’s stock after selling 3,572 shares during the period. Yousif Capital Management LLC’s holdings in Entergy were worth $3,035,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of ETR. FMR LLC grew its stake in shares of Entergy by 64.4% in the 3rd 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 in the last quarter. Bank of Nova Scotia boosted its holdings in Entergy by 2,786.9% during the third quarter. Bank of Nova Scotia now owns 492,613 shares of the utilities provider’s stock worth $45,567,000 after purchasing an additional 475,549 shares during the last quarter. Assenagon Asset Management S.A. grew its position in Entergy by 220.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 685,186 shares of the utilities provider’s stock worth $69,334,000 after purchasing an additional 471,291 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Entergy by 16.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,506,022 shares of the utilities provider’s stock valued at $231,807,000 after buying an additional 352,847 shares during the last quarter. Finally, Jennison Associates LLC bought a new position in shares of Entergy during the 4th quarter worth approximately $28,506,000. Institutional investors own 88.07% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on ETR shares. BMO Capital Markets increased their price target 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 set a $117.00 target price on shares of Entergy in a research note on Monday, February 26th. KeyCorp increased their price target on shares of Entergy from $108.00 to $112.00 and gave the company an “overweight” rating in a research report on Friday, April 19th. Scotiabank lowered their price objective on shares of Entergy from $111.00 to $104.00 and set a “sector perform” rating on the stock in a research report on Monday, April 22nd. Finally, Barclays reduced their target price on shares of Entergy from $108.00 to $107.00 and set an “equal weight” rating for the company in a research report on Monday, April 15th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $109.45.

Insider Activity

In other Entergy news, EVP Kimberly Cook-Nelson sold 2,000 shares of Entergy stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $100.35, for a total transaction of $200,700.00. Following the transaction, the executive vice president now directly owns 16,037 shares of the company’s stock, valued at $1,609,312.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Entergy news, insider Deanna D. Rodriguez sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $101.23, for a total value of $151,845.00. Following the completion of the sale, the insider now owns 3,442 shares in the company, valued at $348,433.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kimberly Cook-Nelson sold 2,000 shares of the company’s stock in a transaction on Friday, March 1st. The shares were 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 $1,609,312.95. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,000 shares of company stock worth $1,226,685. 0.54% of the stock is currently owned by insiders.

Entergy Trading Down 1.0 %

Entergy stock opened at $106.50 on Monday. The stock has a market cap of $22.71 billion, a P/E ratio of 10.68, a PEG ratio of 1.98 and a beta of 0.71. Entergy Co. has a fifty-two week low of $87.10 and a fifty-two week high of $108.81. The firm’s fifty day moving average price is $103.41 and its 200-day moving average price is $100.76. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.45 and a current ratio of 0.69.

Entergy (NYSE:ETR) last posted its quarterly earnings data on Wednesday, April 24th. The utilities provider reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.44 by ($0.36). Entergy had a return on equity of 10.20% and a net margin of 17.75%. The company had revenue of $31.17 billion during the quarter, compared to the consensus estimate of $3.16 billion. During the same quarter last year, the company posted $1.14 earnings per share. The firm’s revenue for the quarter was down .5% on a year-over-year basis. Equities research analysts forecast that Entergy Co. will post 7.22 earnings per share for the current fiscal year.

Entergy Announces Dividend

The company 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. This represents a $4.52 dividend on an annualized basis and a dividend yield of 4.24%. The ex-dividend date is Wednesday, May 1st. Entergy’s payout ratio is currently 45.34%.

About Entergy

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.