17,763 Shares in Entergy Corporation (NYSE:ETR) Bought by ASR Vermogensbeheer N.V.

Key Points

• ASR Vermogensbeheer N.V. has acquired 17,763 shares of Entergy Corporation, worth approximately $1.5 million, during the first quarter.
• Analysts have a consensus rating of "Moderate Buy" for Entergy, with an average price target of $88.07 and insights from multiple firms like BMO and JPMorgan on upward revisions.
• Entergy plans to distribute a quarterly dividend of $0.60 per share, translating to an annual yield of 2.7%, payable on September 2nd to shareholders of record.

ASR Vermogensbeheer N.V. bought a new stake in shares of Entergy Corporation (NYSE:ETR - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 17,763 shares of the utilities provider's stock, valued at approximately $1,519,000.

Other institutional investors also recently bought and sold shares of the company. Citizens Financial Group Inc. RI bought a new stake in Entergy during the 1st quarter valued at about $270,000. Strategy Asset Managers LLC purchased a new stake in Entergy during the 1st quarter worth approximately $706,000. Vanguard Group Inc. lifted its stake in Entergy by 5.2% during the 1st quarter. Vanguard Group Inc. now owns 54,828,994 shares of the utilities provider's stock valued at $4,687,331,000 after acquiring an additional 2,695,348 shares during the period. Intrust Bank NA lifted its stake in shares of Entergy by 2.3% in the 1st quarter. Intrust Bank NA now owns 20,665 shares of the utilities provider's stock valued at $1,767,000 after purchasing an additional 462 shares during the period. Finally, iA Global Asset Management Inc. lifted its stake in shares of Entergy by 30.6% in the 1st quarter. iA Global Asset Management Inc. now owns 116,996 shares of the utilities provider's stock valued at $10,002,000 after purchasing an additional 27,433 shares during the period. 88.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ETR has been the topic of several research reports. Morgan Stanley decreased their price target on shares of Entergy from $82.00 to $81.00 and set an "equal weight" rating on the stock in a research note on Wednesday, June 18th. Mizuho set a $97.00 target price on shares of Entergy and gave the company an "outperform" rating in a report on Thursday, July 31st. KeyCorp reissued an "overweight" rating and set a $96.00 price objective (up previously from $88.00) on shares of Entergy in a report on Thursday, July 31st. JPMorgan Chase & Co. lifted their price objective on shares of Entergy from $100.00 to $102.00 and gave the company an "overweight" rating in a research report on Tuesday, July 15th. Finally, Raymond James Financial began coverage on shares of Entergy in a research report on Friday, June 13th. They set a "market perform" rating on the stock. Six analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $88.07.

Entergy Trading Down 0.1%

NYSE:ETR traded down $0.09 on Friday, reaching $90.44. The stock had a trading volume of 1,627,361 shares, compared to its average volume of 2,903,876. The company has a market cap of $40.37 billion, a price-to-earnings ratio of 22.53, a P/E/G ratio of 2.46 and a beta of 0.57. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.80 and a quick ratio of 0.52. The firm's fifty day moving average is $84.36 and its two-hundred day moving average is $83.50. Entergy Corporation has a 12-month low of $57.65 and a 12-month high of $92.40.

Entergy (NYSE:ETR - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The utilities provider reported $1.05 EPS for the quarter, beating analysts' consensus estimates of $0.91 by $0.14. Entergy had a net margin of 14.35% and a return on equity of 11.52%. The company had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $3.11 billion. During the same quarter in the prior year, the company posted $1.92 EPS. Equities analysts expect that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Wednesday, August 13th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Wednesday, August 13th. Entergy's dividend payout ratio is 59.85%.

Insider Transactions at Entergy

In other Entergy news, insider Haley Fisackerly sold 4,463 shares of the stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $90.50, for a total value of $403,901.50. Following the completion of the sale, the insider owned 3,318 shares of the company's stock, valued at $300,279. This trade represents a 57.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.47% of the company's stock.

Entergy 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.