American Century Companies Inc. Has $17.81 Million Position in Entergy Corporation $ETR

American Century Companies Inc. decreased its position in Entergy Corporation (NYSE:ETR) by 12.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 214,269 shares of the utilities provider’s stock after selling 31,621 shares during the quarter. American Century Companies Inc.’s holdings in Entergy were worth $17,810,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the business. Rhumbline Advisers increased its holdings in shares of Entergy by 0.3% during the 2nd quarter. Rhumbline Advisers now owns 801,256 shares of the utilities provider’s stock worth $66,600,000 after purchasing an additional 2,641 shares during the period. Mufg Securities Americas Inc. lifted its holdings in Entergy by 30.3% during the 2nd quarter. Mufg Securities Americas Inc. now owns 9,892 shares of the utilities provider’s stock valued at $822,000 after purchasing an additional 2,302 shares during the last quarter. Legal & General Group Plc boosted its holdings in shares of Entergy by 4.7% in the 2nd quarter. Legal & General Group Plc now owns 3,960,237 shares of the utilities provider’s stock worth $329,175,000 after acquiring an additional 178,467 shares in the last quarter. MAI Capital Management grew its position in Entergy by 26.2% during the 2nd quarter. MAI Capital Management now owns 2,831 shares of the utilities provider’s stock worth $235,000 after acquiring an additional 587 shares during the last quarter. Finally, Neo Ivy Capital Management acquired a new stake in Entergy during the 2nd quarter valued at $1,660,000. 88.07% of the stock is owned by institutional investors and hedge funds.

Entergy Stock Performance

Shares of NYSE:ETR opened at $93.07 on Wednesday. The firm’s 50 day simple moving average is $95.39 and its 200 day simple moving average is $89.15. Entergy Corporation has a fifty-two week low of $73.15 and a fifty-two week high of $98.58. The company has a market capitalization of $41.56 billion, a price-to-earnings ratio of 22.98, a P/E/G ratio of 2.38 and a beta of 0.62. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.71 and a quick ratio of 0.48.

Entergy (NYSE:ETR) last posted its earnings results on Friday, July 8th. The utilities provider reported $0.71 earnings per share (EPS) for the quarter. Entergy had a return on equity of 11.53% and a net margin of 14.26%.The firm had revenue of $2.37 billion during the quarter. As a group, sell-side analysts forecast that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Thursday, November 13th were paid a $0.64 dividend. This represents a $2.56 annualized dividend and a yield of 2.8%. The ex-dividend date was Thursday, November 13th. This is a positive change from Entergy’s previous quarterly dividend of $0.60. Entergy’s dividend payout ratio (DPR) is presently 63.21%.

Insider Buying and Selling at Entergy

In other news, insider Haley Fisackerly sold 5,136 shares of the business’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $96.50, for a total value of $495,624.00. Following the sale, the insider owned 7,899 shares of the company’s stock, valued at $762,253.50. The trade was a 39.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Anastasia Minor sold 5,000 shares of the stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $96.39, for a total transaction of $481,950.00. Following the transaction, the insider owned 10,122 shares of the company’s stock, valued at $975,659.58. The trade was a 33.06% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 10,179 shares of company stock worth $981,707. Corporate insiders own 0.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on ETR shares. Barclays set a $100.00 price objective on Entergy and gave the stock an “overweight” rating in a research note on Monday, October 6th. Jefferies Financial Group initiated coverage on Entergy in a report on Thursday, September 4th. They issued a “buy” rating and a $109.00 price target for the company. Royal Bank Of Canada upgraded shares of Entergy to a “moderate buy” rating in a research report on Tuesday, October 28th. JPMorgan Chase & Co. raised their price objective on shares of Entergy from $102.00 to $103.00 and gave the company an “overweight” rating in a research report on Thursday, August 21st. Finally, KeyCorp reaffirmed an “overweight” rating and issued a $106.00 target price (up from $96.00) on shares of Entergy in a research note on Wednesday, October 15th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $102.47.

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.