Entergy Corporation (NYSE:ETR) Shares Sold by Confluence Investment Management LLC

Confluence Investment Management LLC lowered its holdings in shares of Entergy Corporation (NYSE:ETR - Free Report) by 13.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,390,339 shares of the utilities provider's stock after selling 216,934 shares during the period. Entergy makes up about 1.7% of Confluence Investment Management LLC's holdings, making the stock its 21st biggest position. Confluence Investment Management LLC owned 0.32% of Entergy worth $118,860,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in ETR. Fortis Group Advisors LLC lifted its position in shares of Entergy by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider's stock worth $26,000 after buying an additional 172 shares in the last quarter. NBT Bank N A NY increased its stake in Entergy by 100.0% in the fourth quarter. NBT Bank N A NY now owns 340 shares of the utilities provider's stock valued at $26,000 after acquiring an additional 170 shares during the last quarter. Duncker Streett & Co. Inc. increased its holdings in shares of Entergy by 100.0% in the fourth quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider's stock worth $27,000 after buying an additional 179 shares during the period. Sandy Spring Bank increased its holdings in shares of Entergy by 100.0% in the fourth quarter. Sandy Spring Bank now owns 358 shares of the utilities provider's stock worth $27,000 after buying an additional 179 shares during the period. Finally, Glen Eagle Advisors LLC increased its holdings in shares of Entergy by 100.0% in the fourth quarter. Glen Eagle Advisors LLC now owns 360 shares of the utilities provider's stock worth $27,000 after buying an additional 180 shares during the period. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Entergy Price Performance

NYSE ETR traded down $0.46 during trading hours on Monday, hitting $82.82. 797,525 shares of the company's stock traded hands, compared to its average volume of 3,634,331. Entergy Corporation has a 52-week low of $52.07 and a 52-week high of $88.38. The company has a market capitalization of $35.68 billion, a PE ratio of 34.01, a PEG ratio of 2.34 and a beta of 0.62. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.72 and a quick ratio of 0.59. The firm's 50-day moving average is $82.77 and its 200-day moving average is $80.80.

Entergy (NYSE:ETR - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.22. Entergy had a net margin of 8.90% and a return on equity of 10.68%. The company had revenue of $3.02 billion during the quarter, compared to analysts' expectations of $3.13 billion. During the same quarter in the prior year, the company earned $0.54 EPS. Equities analysts forecast that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Friday, May 2nd will be paid a dividend of $0.60 per share. The ex-dividend date is Friday, May 2nd. This represents a $2.40 annualized dividend and a yield of 2.90%. Entergy's dividend payout ratio is presently 77.92%.

Analyst Ratings Changes

A number of analysts have recently weighed in on ETR shares. BMO Capital Markets increased their target price on shares of Entergy from $89.00 to $93.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. UBS Group increased their target price on shares of Entergy from $86.00 to $96.00 and gave the stock a "buy" rating in a report on Friday, March 21st. Morgan Stanley restated an "overweight" rating on shares of Entergy in a report on Wednesday, April 23rd. Wells Fargo & Company upped their target price on Entergy from $85.00 to $97.00 and gave the stock an "overweight" rating in a report on Wednesday, February 19th. Finally, KeyCorp upgraded Entergy from a "sector weight" rating to an "overweight" rating and set a $85.00 target price on the stock in a report on Wednesday, May 14th. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $86.04.

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.