Nationwide Fund Advisors Reduces Stake in Entergy Co. (ETR)

Nationwide Fund Advisors lessened its holdings in shares of Entergy Co. (NYSE:ETR) by 10.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 92,368 shares of the utilities provider’s stock after selling 11,096 shares during the period. Nationwide Fund Advisors owned 0.05% of Entergy worth $7,053,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Hudock Capital Group LLC boosted its stake in Entergy by 0.4% in the 2nd quarter. Hudock Capital Group LLC now owns 5,014 shares of the utilities provider’s stock worth $384,000 after purchasing an additional 20 shares in the last quarter. Regal Investment Advisors LLC boosted its stake in Entergy by 0.4% in the 2nd quarter. Regal Investment Advisors LLC now owns 6,824 shares of the utilities provider’s stock worth $524,000 after purchasing an additional 27 shares in the last quarter. Advisory Services Network LLC boosted its stake in Entergy by 2.1% in the 2nd quarter. Advisory Services Network LLC now owns 2,335 shares of the utilities provider’s stock worth $179,000 after purchasing an additional 49 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in Entergy by 1.0% in the 2nd quarter. Daiwa Securities Group Inc. now owns 5,050 shares of the utilities provider’s stock worth $388,000 after purchasing an additional 50 shares in the last quarter. Finally, Parallel Advisors LLC boosted its stake in Entergy by 3.0% in the 2nd quarter. Parallel Advisors LLC now owns 2,448 shares of the utilities provider’s stock worth $188,000 after purchasing an additional 71 shares in the last quarter. Institutional investors own 82.95% of the company’s stock.

In other news, COO Paul D. Hinnenkamp sold 2,300 shares of the company’s stock in a transaction dated Tuesday, October 17th. The shares were sold at an average price of $84.00, for a total transaction of $193,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Sallie T. Rainer sold 6,300 shares of the company’s stock in a transaction dated Friday, October 13th. The shares were sold at an average price of $82.00, for a total transaction of $516,600.00. The disclosure for this sale can be found here. Insiders have sold a total of 57,812 shares of company stock valued at $4,907,522 in the last ninety days. Insiders own 0.24% of the company’s stock.

A number of equities analysts recently issued reports on the stock. TheStreet cut shares of Entergy from a “b-” rating to a “c+” rating in a research note on Wednesday, December 6th. Morgan Stanley upped their price target on shares of Entergy from $82.00 to $84.00 and gave the stock an “underweight” rating in a research note on Friday, September 8th. Wells Fargo & Company reiterated an “outperform” rating and issued a $96.00 price target (up previously from $90.00) on shares of Entergy in a research note on Wednesday, October 25th. Bank of America started coverage on shares of Entergy in a research note on Tuesday, October 24th. They issued a “neutral” rating and a $86.00 price target on the stock. Finally, Jefferies Group raised Entergy from a “hold” rating to a “buy” rating in a research report on Monday, October 16th. Eight analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $82.42.

Entergy Co. (NYSE:ETR) opened at $84.04 on Monday. Entergy Co. has a 52-week low of $69.63 and a 52-week high of $87.95. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.78 and a quick ratio of 0.58. The firm has a market capitalization of $15,148.33, a PE ratio of 12.43, a price-to-earnings-growth ratio of 1.73 and a beta of 0.55.

Entergy (NYSE:ETR) last issued its earnings results on Tuesday, October 24th. The utilities provider reported $2.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.24 by $0.11. Entergy had a positive return on equity of 14.76% and a negative net margin of 7.82%. The business had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same quarter in the previous year, the firm earned $2.31 EPS. equities analysts forecast that Entergy Co. will post 6.93 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Thursday, November 9th were given a $0.89 dividend. This is a positive change from Entergy’s previous quarterly dividend of $0.87. The ex-dividend date of this dividend was Wednesday, November 8th. This represents a $3.56 dividend on an annualized basis and a yield of 4.24%. Entergy’s payout ratio is -72.06%.

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Entergy Profile

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.

Institutional Ownership by Quarter for Entergy (NYSE:ETR)

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