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

WCM Investment Management LLC trimmed its position in shares of Entergy Corporation (NYSE:ETR - Free Report) by 5.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 72,290 shares of the utilities provider's stock after selling 3,938 shares during the period. WCM Investment Management LLC's holdings in Entergy were worth $6,102,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in ETR. NBT Bank N A NY increased its position in shares of Entergy by 100.0% during the fourth quarter. NBT Bank N A NY now owns 340 shares of the utilities provider's stock worth $26,000 after acquiring an additional 170 shares during the last quarter. Grove Bank & Trust grew its stake in Entergy by 188.5% during the 1st quarter. Grove Bank & Trust now owns 352 shares of the utilities provider's stock valued at $30,000 after purchasing an additional 230 shares in the last quarter. Sandy Spring Bank increased its holdings in Entergy by 100.0% during the 4th quarter. Sandy Spring Bank now owns 358 shares of the utilities provider's stock worth $27,000 after purchasing an additional 179 shares during the last quarter. Glen Eagle Advisors LLC increased its holdings in Entergy by 100.0% during the 4th quarter. Glen Eagle Advisors LLC now owns 360 shares of the utilities provider's stock worth $27,000 after purchasing an additional 180 shares during the last quarter. Finally, Legacy Investment Solutions LLC raised its position in shares of Entergy by 85.1% in the 4th quarter. Legacy Investment Solutions LLC now owns 374 shares of the utilities provider's stock valued at $31,000 after purchasing an additional 172 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company's stock.

Entergy Stock Performance

NYSE ETR traded up $0.83 during trading hours on Friday, hitting $82.15. The company had a trading volume of 1,120,750 shares, compared to its average volume of 3,581,840. The company has a quick ratio of 0.55, a current ratio of 0.82 and a debt-to-equity ratio of 1.91. The firm has a market cap of $35.39 billion, a P/E ratio of 26.67, a price-to-earnings-growth ratio of 2.23 and a beta of 0.59. Entergy Corporation has a fifty-two week low of $52.07 and a fifty-two week high of $88.38. The business has a fifty day simple moving average of $82.49 and a 200-day simple moving average of $81.83.

Entergy (NYSE:ETR - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The utilities provider reported $0.82 earnings per share for the quarter, topping analysts' consensus estimates of $0.60 by $0.22. The business had revenue of $3.02 billion for the quarter, compared to analysts' expectations of $3.13 billion. Entergy had a net margin of 11.26% and a return on equity of 11.43%. During the same quarter last year, the company earned $0.54 EPS. Equities analysts predict that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Friday, May 2nd were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date was Friday, May 2nd. Entergy's dividend payout ratio (DPR) is 77.92%.

Wall Street Analysts Forecast Growth

ETR has been the subject of a number of recent analyst reports. Morgan Stanley decreased their price target on shares of Entergy from $82.00 to $81.00 and set an "equal weight" rating for the company in a research report on Wednesday, June 18th. BMO Capital Markets raised their price objective on shares of Entergy from $89.00 to $93.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Raymond James Financial started coverage on shares of Entergy in a research report on Friday, June 13th. They issued a "market perform" rating for the company. Barclays upped their target price on shares of Entergy from $88.00 to $91.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Finally, JPMorgan Chase & Co. lifted their price target on Entergy from $87.00 to $98.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 11th. Six equities research 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 company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $86.25.

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.