Ffcm LLC reduced its position in Entergy (NYSE:ETR) by 22.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,329 shares of the utilities provider’s stock after selling 2,352 shares during the quarter. Ffcm LLC’s holdings in Entergy were worth $657,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Advisors Preferred LLC grew its position in shares of Entergy by 1,174.7% during the fourth quarter. Advisors Preferred LLC now owns 1,262 shares of the utilities provider’s stock worth $103,000 after buying an additional 1,163 shares in the last quarter. Cerebellum GP LLC acquired a new position in shares of Entergy during the fourth quarter worth about $123,000. Calton & Associates Inc. acquired a new position in shares of Entergy during the fourth quarter worth about $130,000. NuWave Investment Management LLC acquired a new position in shares of Entergy during the fourth quarter worth about $193,000. Finally, Segment Wealth Management LLC acquired a new position in shares of Entergy during the fourth quarter worth about $201,000. 85.87% of the stock is owned by institutional investors.
Shares of Entergy opened at $78.96 on Friday, according to Marketbeat. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.70 and a quick ratio of 0.52. The company has a market capitalization of $14.11 billion, a P/E ratio of 10.57, a price-to-earnings-growth ratio of 1.73 and a beta of 0.45. Entergy has a 52-week low of $78.03 and a 52-week high of $79.05.
Entergy (NYSE:ETR) last announced its quarterly earnings results on Wednesday, April 25th. The utilities provider reported $1.16 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.30 by ($0.14). The business had revenue of $2.72 billion during the quarter, compared to analyst estimates of $2.47 billion. Entergy had a net margin of 4.21% and a return on equity of 16.19%. During the same period last year, the company earned $0.99 earnings per share. sell-side analysts predict that Entergy will post 6.44 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 1st. Investors of record on Thursday, May 10th will be issued a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 4.51%. The ex-dividend date of this dividend is Wednesday, May 9th. Entergy’s dividend payout ratio (DPR) is 49.44%.
A number of equities analysts have recently commented on the company. TheStreet raised Entergy from a “c” rating to a “b” rating in a research report on Wednesday, April 25th. Mizuho reissued a “buy” rating and set a $88.50 price objective on shares of Entergy in a research report on Thursday, April 19th. JPMorgan Chase boosted their price objective on Entergy from $81.00 to $82.00 and gave the stock a “neutral” rating in a research report on Thursday, April 26th. Wolfe Research raised Entergy from an “underperform” rating to a “market perform” rating in a research report on Thursday, April 26th. Finally, Morgan Stanley boosted their price objective on Entergy from $76.00 to $81.00 and gave the stock an “equal weight” rating in a research report on Monday, April 16th. Five equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $85.77.
In related news, insider Phillip R. May, Jr. sold 7,700 shares of the company’s stock in a transaction that occurred on Friday, April 27th. The stock was sold at an average price of $82.00, for a total value of $631,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Haley Fisackerly sold 500 shares of the company’s stock in a transaction that occurred on Monday, March 5th. The shares were sold at an average price of $78.02, for a total value of $39,010.00. The disclosure for this sale can be found here. Insiders sold 18,596 shares of company stock valued at $1,486,496 over the last ninety days. 0.24% of the stock is currently owned by corporate insiders.
Entergy Corporation, together with its subsidiaries, engages in the production and distribution of electricity in the United States. It generates electricity through gas/oil, nuclear, coal, hydro, and solar power sources. The company's Utility segment generates, transmits, distributes, and sells electric power in portions of Arkansas, Mississippi, Texas, and Louisiana, including the City of New Orleans; and distributes natural gas.
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