New York Life Investment Management LLC Decreases Stock Holdings in Entergy Co. (NYSE:ETR)

New York Life Investment Management LLC lowered its position in shares of Entergy Co. (NYSE:ETR) by 0.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,997 shares of the utilities provider’s stock after selling 224 shares during the period. New York Life Investment Management LLC’s holdings in Entergy were worth $3,035,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. EverSource Wealth Advisors LLC increased its holdings in shares of Entergy by 157.1% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 270 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 165 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC acquired a new position in Entergy in the third quarter valued at approximately $32,000. Fortis Group Advisors LLC purchased a new position in Entergy in the third quarter valued at approximately $32,000. CVA Family Office LLC purchased a new position in Entergy during the 4th quarter worth $41,000. Finally, Millburn Ridgefield Corp acquired a new position in Entergy in the third quarter valued at $43,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Insider Buying and Selling at Entergy

In related news, insider Deanna D. Rodriguez sold 1,500 shares of Entergy stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $101.23, for a total transaction of $151,845.00. Following the completion of the transaction, the insider now directly owns 3,442 shares in the company, valued at approximately $348,433.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, 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 owns 16,037 shares of the company’s stock, valued at $1,609,312.95. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, 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 sale, the insider now owns 3,442 shares of the company’s stock, valued at approximately $348,433.66. The disclosure for this sale can be found here. Insiders have sold 12,000 shares of company stock valued at $1,226,685 over the last quarter. Corporate insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

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

Entergy Trading Up 0.9 %

Shares of Entergy stock opened at $108.08 on Monday. The company has a 50-day moving average of $104.02 and a two-hundred day moving average of $101.21. Entergy Co. has a 12-month low of $87.10 and a 12-month high of $108.45. The company has a current ratio of 0.69, a quick ratio of 0.45 and a debt-to-equity ratio of 1.68. The stock has a market cap of $23.08 billion, a PE ratio of 10.84, a price-to-earnings-growth ratio of 2.01 and a beta of 0.69.

Entergy (NYSE:ETR) last issued its quarterly earnings data on Wednesday, April 24th. The utilities provider reported $1.08 earnings per share (EPS) 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 firm had revenue of $31.17 billion for the quarter, compared to analyst estimates of $3.16 billion. During the same period in the prior year, the firm posted $1.14 earnings per share. The business’s revenue for the quarter was down .5% compared to the same quarter last year. On average, research analysts anticipate that Entergy Co. will post 7.22 EPS for the current fiscal year.

Entergy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Thursday, May 2nd will be given a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 4.18%. The ex-dividend date is Wednesday, May 1st. Entergy’s payout ratio is currently 45.34%.

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.