Wellington Management Group LLP Sells 263 Shares of Entergy Corporation (NYSE:ETR)

Wellington Management Group LLP lowered its holdings in Entergy Corporation (NYSE:ETR) by 7.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,366 shares of the utilities provider’s stock after selling 263 shares during the quarter. Wellington Management Group LLP’s holdings in Entergy were worth $255,000 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 stock. Strategic Financial Concepts LLC bought a new position in Entergy in the fourth quarter valued at about $4,393,000. Flagship Harbor Advisors LLC grew its stake in Entergy by 74.3% in the fourth quarter. Flagship Harbor Advisors LLC now owns 7,959 shares of the utilities provider’s stock valued at $603,000 after acquiring an additional 3,393 shares during the period. LaFleur & Godfrey LLC bought a new stake in Entergy during the 4th quarter worth approximately $217,000. Avior Wealth Management LLC increased its position in shares of Entergy by 324.3% during the fourth quarter. Avior Wealth Management LLC now owns 734 shares of the utilities provider’s stock worth $56,000 after acquiring an additional 561 shares in the last quarter. Finally, Braun Stacey Associates Inc. raised its stake in shares of Entergy by 88.8% in the 4th quarter. Braun Stacey Associates Inc. now owns 360,502 shares of the utilities provider’s stock valued at $27,333,000 after purchasing an additional 169,511 shares during the period. Institutional investors own 88.07% of the company’s stock.

Entergy Stock Performance

NYSE ETR opened at $82.56 on Tuesday. The company has a market capitalization of $35.56 billion, a price-to-earnings ratio of 33.91, a PEG ratio of 2.34 and a beta of 0.56. The stock has a fifty day simple moving average of $83.48 and a 200 day simple moving average of $77.47. The company has a quick ratio of 0.59, a current ratio of 0.72 and a debt-to-equity ratio of 1.81. Entergy Corporation has a twelve month low of $50.19 and a twelve month high of $88.38.

Entergy (NYSE:ETR) last issued its quarterly earnings results on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.03. The firm had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $3.24 billion. Entergy had a return on equity of 10.68% and a net margin of 8.90%. During the same period last year, the business posted $0.26 EPS. Sell-side analysts expect that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Friday, May 2nd will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.91%. Entergy’s dividend payout ratio (DPR) is presently 98.77%.

Analyst Ratings Changes

A number of analysts have recently commented on ETR shares. UBS Group boosted their price objective on shares of Entergy from $86.00 to $96.00 and gave the stock a “buy” rating in a research report on Friday, March 21st. Scotiabank cut their price target on Entergy from $165.00 to $82.00 and set a “sector perform” rating for the company in a report on Tuesday, January 7th. Barclays boosted their price target on Entergy from $79.00 to $88.00 and gave the company an “overweight” rating in a research note on Tuesday, April 8th. Morgan Stanley raised their target price on shares of Entergy from $75.00 to $78.00 and gave the stock an “equal weight” rating in a report on Thursday, March 20th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Entergy from $87.00 to $98.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 11th. Six research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Entergy currently has a consensus rating of “Moderate Buy” and an average price target of $85.25.

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.