Cetera Advisor Networks LLC Buys 5,509 Shares of Entergy Co. (NYSE:ETR)

Cetera Advisor Networks LLC grew its stake in shares of Entergy Co. (NYSE:ETRFree Report) by 11.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 55,261 shares of the utilities provider’s stock after purchasing an additional 5,509 shares during the period. Cetera Advisor Networks LLC’s holdings in Entergy were worth $5,592,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of Entergy by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 26,038,725 shares of the utilities provider’s stock valued at $2,408,582,000 after purchasing an additional 104,803 shares during the period. FMR LLC boosted its stake in Entergy by 64.4% during the third 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. Ameriprise Financial Inc. grew its holdings in Entergy by 1.1% in the third quarter. Ameriprise Financial Inc. now owns 4,506,843 shares of the utilities provider’s stock worth $416,883,000 after purchasing an additional 48,047 shares during the period. Franklin Resources Inc. increased its stake in shares of Entergy by 25.2% during the fourth quarter. Franklin Resources Inc. now owns 3,961,859 shares of the utilities provider’s stock valued at $400,901,000 after purchasing an additional 796,316 shares in the last quarter. Finally, ClearBridge Investments Ltd lifted its holdings in shares of Entergy by 29.3% during the fourth quarter. ClearBridge Investments Ltd now owns 3,115,468 shares of the utilities provider’s stock valued at $315,254,000 after purchasing an additional 706,059 shares during the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Insider Transactions at Entergy

In other Entergy news, insider Deanna D. Rodriguez sold 1,500 shares of the firm’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 transaction of $151,845.00. Following the completion of the transaction, the insider now owns 3,442 shares in the company, valued at approximately $348,433.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Marcus V. Brown sold 8,500 shares of the stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $102.84, for a total value of $874,140.00. Following the sale, the executive vice president now directly owns 9,911 shares of the company’s stock, valued at approximately $1,019,247.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Deanna D. Rodriguez sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The shares were 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 approximately $348,433.66. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,729 shares of company stock valued at $2,194,615. 0.54% of the stock is currently owned by insiders.

Entergy Trading Down 1.3 %

Shares of ETR stock opened at $108.47 on Monday. The company has a current ratio of 0.69, a quick ratio of 0.45 and a debt-to-equity ratio of 1.68. Entergy Co. has a 12-month low of $87.10 and a 12-month high of $114.28. The stock has a market capitalization of $23.16 billion, a P/E ratio of 10.88, a P/E/G ratio of 2.05 and a beta of 0.73. The firm’s 50 day moving average is $108.09 and its 200 day moving average is $103.76.

Entergy (NYSE:ETRGet Free Report) last released 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). The company had revenue of $31.17 billion for the quarter, compared to the consensus estimate of $3.16 billion. Entergy had a net margin of 17.75% and a return on equity of 10.20%. The company’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.14 EPS. Research analysts expect that Entergy Co. will post 7.23 earnings per share for the current year.

Entergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Thursday, May 2nd were given a dividend of $1.13 per share. The ex-dividend date of this dividend was Wednesday, May 1st. This represents a $4.52 dividend on an annualized basis and a dividend yield of 4.17%. Entergy’s payout ratio is 45.34%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on ETR shares. Wells Fargo & Company raised their price objective on Entergy from $122.00 to $125.00 and gave the company an “overweight” rating in a research report on Wednesday, June 5th. Mizuho lifted their price target on Entergy from $107.00 to $114.00 and gave the stock a “buy” rating in a research report on Friday, May 31st. Barclays increased their price objective on shares of Entergy from $107.00 to $116.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 5th. BMO Capital Markets raised their price objective on shares of Entergy from $118.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, Scotiabank dropped their target price on shares of Entergy from $111.00 to $104.00 and set a “sector perform” rating on the stock in a research note on Monday, April 22nd. One analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $114.50.

View Our Latest Report on Entergy

About Entergy

(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.

See Also

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Institutional Ownership by Quarter for Entergy (NYSE:ETR)

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