Victory Capital Management Inc. Has $33.84 Million Holdings in Entergy Co. (NYSE:ETR)

Victory Capital Management Inc. lessened its position in Entergy Co. (NYSE:ETR) by 9.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 334,382 shares of the utilities provider’s stock after selling 34,995 shares during the period. Victory Capital Management Inc.’s holdings in Entergy were worth $33,836,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Entergy by 0.4% in the third quarter. Vanguard Group Inc. now owns 26,038,725 shares of the utilities provider’s stock valued at $2,408,582,000 after acquiring an additional 104,803 shares during the period. FMR LLC lifted 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 valued at $422,019,000 after purchasing an additional 1,787,977 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Entergy by 1.1% in the third quarter. Ameriprise Financial Inc. now owns 4,506,843 shares of the utilities provider’s stock valued at $416,883,000 after purchasing an additional 48,047 shares in the last quarter. Federated Hermes Inc. lifted its holdings in shares of Entergy by 9.8% in the fourth quarter. Federated Hermes Inc. now owns 2,904,933 shares of the utilities provider’s stock valued at $293,950,000 after purchasing an additional 258,806 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Entergy by 16.4% in the third quarter. JPMorgan Chase & Co. now owns 2,506,022 shares of the utilities provider’s stock valued at $231,807,000 after purchasing an additional 352,847 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Insider Activity

In other news, EVP Kimberly Cook-Nelson sold 2,000 shares of Entergy stock in a transaction on Friday, March 1st. The stock was sold at an average price of $100.35, for a total value of $200,700.00. Following the completion of the transaction, the executive vice president now directly owns 16,037 shares in the company, valued at $1,609,312.95. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, EVP Kimberly Cook-Nelson sold 2,000 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $100.35, for a total transaction of $200,700.00. Following the completion of the transaction, the executive vice president now directly 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 is available 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 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 of the company’s stock, valued at $348,433.66. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,000 shares of company stock worth $1,226,685. 0.54% of the stock is owned by corporate insiders.

Entergy Stock Performance

NYSE:ETR opened at $109.03 on Tuesday. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.69 and a quick ratio of 0.45. The business has a fifty day simple moving average of $104.20 and a two-hundred day simple moving average of $101.32. Entergy Co. has a 1 year low of $87.10 and a 1 year high of $109.38. The company has a market capitalization of $23.28 billion, a P/E ratio of 10.94, a P/E/G ratio of 2.01 and a beta of 0.69.

Entergy (NYSE:ETR) last released its earnings results on Wednesday, April 24th. The utilities provider reported $1.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $3.16 billion. During the same period in the prior year, the business earned $1.14 earnings per share. The business’s quarterly revenue was down .5% compared to the same quarter last year. On average, analysts expect that Entergy Co. will post 7.22 earnings per share for the current year.

Entergy Dividend Announcement

The business 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 $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 4.15%. The ex-dividend date is Wednesday, May 1st. Entergy’s dividend payout ratio (DPR) is presently 45.34%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on ETR shares. KeyCorp raised their target price on Entergy from $108.00 to $112.00 and gave the company an “overweight” rating in a report on Friday, April 19th. Royal Bank of Canada restated an “outperform” rating and issued a $117.00 target price on shares of Entergy in a report on Monday, February 26th. Scotiabank dropped their target price on Entergy from $111.00 to $104.00 and set a “sector perform” rating on the stock in a report on Monday, April 22nd. Barclays dropped their price target on Entergy from $108.00 to $107.00 and set an “equal weight” rating on the stock in a report on Monday, April 15th. Finally, BMO Capital Markets lifted their price target on Entergy from $110.00 to $113.00 and gave the stock an “outperform” rating in a report on Monday, February 26th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Entergy has an average rating of “Moderate Buy” and an average price target of $109.45.

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.