Candriam Luxembourg S.C.A. lessened its holdings in shares of Entergy Co. (NYSE:ETR) by 18.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,655 shares of the utilities provider’s stock after selling 3,461 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Entergy were worth $1,195,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also modified their holdings of the company. Castleton Investment Management LLC purchased a new position in shares of Entergy during the second quarter worth $16,800,000. Principal Financial Group Inc. grew its position in Entergy by 99.4% during the second quarter. Principal Financial Group Inc. now owns 902,639 shares of the utilities provider’s stock valued at $69,296,000 after buying an additional 449,986 shares during the period. BlackRock Inc. grew its position in Entergy by 1.0% during the second quarter. BlackRock Inc. now owns 16,243,801 shares of the utilities provider’s stock valued at $1,247,035,000 after buying an additional 154,117 shares during the period. Prudential Financial Inc. grew its position in Entergy by 4.3% during the second quarter. Prudential Financial Inc. now owns 585,575 shares of the utilities provider’s stock valued at $44,954,000 after buying an additional 23,946 shares during the period. Finally, Swiss National Bank grew its position in Entergy by 3.3% during the second quarter. Swiss National Bank now owns 655,522 shares of the utilities provider’s stock valued at $50,324,000 after buying an additional 20,800 shares during the period. 82.95% of the stock is owned by hedge funds and other institutional investors.
Shares of Entergy Co. (ETR) traded down $1.15 during midday trading on Monday, hitting $84.37. 2,665,858 shares of the stock traded hands, compared to its average volume of 1,206,744. Entergy Co. has a 1-year low of $67.84 and a 1-year high of $87.95. The firm has a market capitalization of $15,415.10, a price-to-earnings ratio of 12.65, a price-to-earnings-growth ratio of 1.76 and a beta of 0.55. The company has a current ratio of 0.78, a quick ratio of 0.58 and a debt-to-equity ratio of 1.61.
Entergy (NYSE:ETR) last announced its earnings results on Tuesday, October 24th. The utilities provider reported $2.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.24 by $0.11. The business had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.13 billion. Entergy had a negative net margin of 7.82% and a positive return on equity of 14.76%. During the same quarter last year, the business earned $2.31 earnings per share. equities analysts expect that Entergy Co. will post 6.93 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Thursday, November 9th were given a dividend of $0.89 per share. The ex-dividend date was Wednesday, November 8th. This is a positive change from Entergy’s previous quarterly dividend of $0.87. This represents a $3.56 dividend on an annualized basis and a yield of 4.22%. Entergy’s payout ratio is presently -72.06%.
In related news, EVP Marcus V. Brown sold 3,000 shares of the business’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $86.42, for a total transaction of $259,260.00. Following the transaction, the executive vice president now directly owns 22,264 shares in the company, valued at $1,924,054.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Haley Fisackerly sold 3,934 shares of the business’s stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $82.49, for a total transaction of $324,515.66. Following the transaction, the insider now owns 4,367 shares in the company, valued at $360,233.83. The disclosure for this sale can be found here. Insiders have sold 57,812 shares of company stock worth $4,907,522 over the last 90 days. 0.24% of the stock is currently owned by company insiders.
Several research firms recently commented on ETR. TheStreet upgraded shares of Entergy from a “c” rating to a “b-” rating in a research report on Friday, October 27th. Mizuho restated a “hold” rating and set a $83.00 price target on shares of Entergy in a research report on Friday, October 27th. Wells Fargo & Company restated an “outperform” rating and set a $96.00 price target (up previously from $90.00) on shares of Entergy in a research report on Wednesday, October 25th. Bank of America began coverage on shares of Entergy in a research report on Tuesday, October 24th. They set a “neutral” rating and a $86.00 price target on the stock. Finally, Jefferies Group upgraded shares of Entergy from a “hold” rating to a “buy” rating in a research report on Monday, October 16th. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Entergy currently has an average rating of “Hold” and an average price target of $82.42.
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Entergy Corporation is a holding company. The Company is an integrated energy company engaged in electric power production and retail electric distribution operations. The Company operates through two business segments: Utility and Entergy Wholesale Commodities. The Utility segment includes the generation, transmission, distribution and sale of electric power to retail and wholesale customers in areas of Arkansas, Mississippi, Texas and Louisiana, including the City of New Orleans and operates a natural gas distribution business.
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