Allianz Asset Management GmbH Buys 3,925 Shares of Entergy Co. (NYSE:ETR)

Allianz Asset Management GmbH boosted its holdings in shares of Entergy Co. (NYSE:ETRFree Report) by 2.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 141,587 shares of the utilities provider’s stock after buying an additional 3,925 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.07% of Entergy worth $14,327,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in ETR. NBC Securities Inc. bought a new position in shares of Entergy in the 3rd quarter valued at $106,000. Keybank National Association OH lifted its position in shares of Entergy by 5.2% during the 3rd quarter. Keybank National Association OH now owns 4,349 shares of the utilities provider’s stock worth $402,000 after buying an additional 216 shares in the last quarter. Kestra Private Wealth Services LLC lifted its position in shares of Entergy by 9.2% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 7,881 shares of the utilities provider’s stock worth $729,000 after buying an additional 665 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its position in shares of Entergy by 15.5% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 2,978 shares of the utilities provider’s stock worth $275,000 after buying an additional 400 shares in the last quarter. Finally, Oppenheimer & Co. Inc. lifted its position in shares of Entergy by 35.5% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 7,517 shares of the utilities provider’s stock worth $695,000 after buying an additional 1,971 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Entergy Trading Up 4.4 %

NYSE:ETR opened at $112.49 on Monday. Entergy Co. has a 12 month low of $87.10 and a 12 month high of $114.28. The firm has a fifty day simple moving average of $107.48 and a 200-day simple moving average of $103.38. 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 company has a market capitalization of $24.02 billion, a P/E ratio of 11.28, a PEG ratio of 2.12 and a beta of 0.73.

Entergy (NYSE:ETRGet Free Report) last released its quarterly earnings data on Wednesday, April 24th. The utilities provider reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $3.16 billion. During the same period in the previous year, the firm posted $1.14 EPS. The firm’s quarterly revenue was down .5% on a year-over-year basis. On average, equities research analysts anticipate that Entergy Co. will post 7.23 earnings per share for the current year.

Entergy Announces Dividend

The business 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. The ex-dividend date of this dividend is Wednesday, May 1st. This represents a $4.52 annualized dividend and a dividend yield of 4.02%. Entergy’s dividend payout ratio is currently 45.34%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Barclays reduced their price objective on shares of Entergy from $108.00 to $107.00 and set an “equal weight” rating for the company in a research note on Monday, April 15th. Morgan Stanley boosted their price target on shares of Entergy from $94.00 to $103.00 and gave the stock an “underweight” rating in a research note on Tuesday, May 28th. Mizuho upped their price objective on shares of Entergy from $107.00 to $114.00 and gave the company a “buy” rating in a research note on Friday. Royal Bank of Canada reaffirmed an “outperform” rating and set a $117.00 price objective on shares of Entergy in a research note on Monday, February 26th. Finally, KeyCorp boosted their price target on shares of Entergy from $112.00 to $123.00 and gave the company an “overweight” rating in a research report on Monday, May 20th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $112.09.

View Our Latest Report on ETR

Insider Transactions at Entergy

In other Entergy news, CAO Reginald T. Jackson sold 9,229 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $108.71, for a total value of $1,003,284.59. Following the sale, the chief accounting officer now directly owns 2,166 shares of the company’s stock, valued at approximately $235,465.86. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CAO Reginald T. Jackson sold 9,229 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $108.71, for a total value of $1,003,284.59. Following the completion of the sale, the chief accounting officer now owns 2,166 shares in the company, valued at approximately $235,465.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Deanna D. Rodriguez sold 1,500 shares of the firm’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $101.23, for a total transaction 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. In the last three months, insiders have sold 20,729 shares of company stock worth $2,194,615. 0.54% of the stock is currently owned by insiders.

Entergy Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Entergy (NYSE:ETR)

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