New York State Common Retirement Fund Has $13.77 Million Stock Holdings in Entergy Co. (NYSE:ETR)

New York State Common Retirement Fund reduced its position in shares of Entergy Co. (NYSE:ETR) by 12.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 136,088 shares of the utilities provider’s stock after selling 19,638 shares during the quarter. New York State Common Retirement Fund’s holdings in Entergy were worth $13,771,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Wealth Alliance boosted its position in Entergy by 1.2% in the fourth quarter. Wealth Alliance now owns 8,201 shares of the utilities provider’s stock worth $830,000 after purchasing an additional 101 shares during the last quarter. Marino Stram & Associates LLC grew its position in Entergy by 1.8% during the fourth quarter. Marino Stram & Associates LLC now owns 5,778 shares of the utilities provider’s stock valued at $585,000 after buying an additional 102 shares during the period. Brown Advisory Inc. grew its position in Entergy by 5.1% during the third quarter. Brown Advisory Inc. now owns 2,353 shares of the utilities provider’s stock valued at $218,000 after buying an additional 115 shares during the period. Stratos Wealth Partners LTD. increased its holdings in Entergy by 1.9% during the fourth quarter. Stratos Wealth Partners LTD. now owns 6,657 shares of the utilities provider’s stock worth $674,000 after buying an additional 124 shares during the last quarter. Finally, Verdence Capital Advisors LLC raised its position in Entergy by 1.7% in the fourth quarter. Verdence Capital Advisors LLC now owns 7,945 shares of the utilities provider’s stock worth $804,000 after acquiring an additional 131 shares during the period. Institutional investors own 88.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ETR. KeyCorp raised their price target on shares of Entergy from $108.00 to $112.00 and gave the stock an “overweight” rating in a research note on Friday, April 19th. Scotiabank decreased their target price on Entergy from $111.00 to $104.00 and set a “sector perform” rating for the company in a research report on Monday, April 22nd. BMO Capital Markets upped 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. Barclays cut their price target on Entergy from $108.00 to $107.00 and set an “equal weight” rating for the company in a research note on Monday, April 15th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $117.00 price objective on shares of Entergy in a research note on Monday, February 26th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $109.45.

Entergy Stock Up 0.6 %

ETR stock opened at $107.17 on Tuesday. Entergy Co. has a twelve month low of $87.10 and a twelve month high of $108.81. The firm has a market capitalization of $22.85 billion, a PE ratio of 10.75, a PEG ratio of 1.98 and a beta of 0.71. The company has a quick ratio of 0.45, a current ratio of 0.69 and a debt-to-equity ratio of 1.68. The stock has a 50-day simple moving average of $103.55 and a two-hundred day simple moving average of $100.85.

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

Entergy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Thursday, May 2nd will be paid a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 4.22%. The ex-dividend date of this dividend is Wednesday, May 1st. Entergy’s dividend payout ratio is 45.34%.

Insider Buying and Selling

In other Entergy news, EVP Marcus V. Brown sold 8,500 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $102.84, for a total value of $874,140.00. Following the sale, the executive vice president now owns 9,911 shares of the company’s stock, valued at approximately $1,019,247.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, EVP Marcus V. Brown sold 8,500 shares of the stock in a transaction on Friday, March 15th. The shares were sold at an average price of $102.84, for a total value of $874,140.00. Following the transaction, the executive vice president now owns 9,911 shares of the company’s stock, valued at approximately $1,019,247.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Kimberly Cook-Nelson sold 2,000 shares of the firm’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 in the company, valued at approximately $1,609,312.95. The disclosure for this sale can be found here. Insiders sold a total of 12,000 shares of company stock worth $1,226,685 over the last ninety days. 0.54% of the stock is owned by corporate insiders.

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.