Generali Asset Management SPA SGR Sells 10,710 Shares of Entergy Corporation $ETR

Key Points

• Generali Asset Management SPA SGR reduced its stake in Entergy Corporation by 42.0% in Q2, selling 10,710 shares, which left them with 14,808 shares valued at approximately $1.23 million.
• Entergy Corporation reported earnings of $0.71 per share in its latest quarter, with a revenue of $2.37 billion and a return on equity of 11.52%.
• The company recently declared a quarterly dividend of $0.60 per share, resulting in an annualized dividend of $2.40 and a dividend yield of 2.5%.

Generali Asset Management SPA SGR lessened its stake in Entergy Corporation (NYSE:ETR - Free Report) by 42.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,808 shares of the utilities provider's stock after selling 10,710 shares during the quarter. Generali Asset Management SPA SGR's holdings in Entergy were worth $1,231,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in Entergy by 5.2% in the first quarter. Vanguard Group Inc. now owns 54,828,994 shares of the utilities provider's stock valued at $4,687,331,000 after purchasing an additional 2,695,348 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Entergy by 2.2% in the first quarter. Ameriprise Financial Inc. now owns 13,173,889 shares of the utilities provider's stock worth $1,126,244,000 after acquiring an additional 289,468 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Entergy by 3.4% in the first quarter. Northern Trust Corp now owns 4,333,701 shares of the utilities provider's stock worth $370,488,000 after acquiring an additional 143,187 shares in the last quarter. TD Asset Management Inc increased its holdings in shares of Entergy by 12.6% in the second quarter. TD Asset Management Inc now owns 3,442,042 shares of the utilities provider's stock worth $286,103,000 after acquiring an additional 386,344 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Entergy by 15.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,326,466 shares of the utilities provider's stock worth $284,380,000 after acquiring an additional 454,059 shares in the last quarter. Institutional investors own 88.07% of the company's stock.

Entergy Price Performance

Entergy stock opened at $95.80 on Friday. The stock's fifty day moving average price is $91.02 and its two-hundred day moving average price is $86.10. The firm has a market cap of $42.77 billion, a PE ratio of 23.86, a price-to-earnings-growth ratio of 2.61 and a beta of 0.62. Entergy Corporation has a one year low of $66.75 and a one year high of $98.58. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.80 and a quick ratio of 0.52.

Entergy (NYSE:ETR - Get Free Report) last issued its earnings results on Friday, July 8th. The utilities provider reported $0.71 earnings per share for the quarter. Entergy had a return on equity of 11.52% and a net margin of 14.35%.The firm had revenue of $2.37 billion for the quarter. As a group, research analysts expect that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Wednesday, August 13th were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $2.40 annualized dividend and a dividend yield of 2.5%. Entergy's dividend payout ratio (DPR) is 59.85%.

Insider Buying and Selling at Entergy

In related news, insider Haley Fisackerly sold 4,463 shares of the firm's stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $90.50, for a total transaction of $403,901.50. Following 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.39% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

ETR has been the subject of several recent analyst reports. Weiss Ratings restated a "buy (b)" rating on shares of Entergy in a report on Wednesday, October 8th. Scotiabank set a $105.00 price objective on Entergy and gave the company an "outperform" rating in a research note on Friday, October 3rd. JPMorgan Chase & Co. upped their price objective on Entergy from $102.00 to $103.00 and gave the company an "overweight" rating in a research note on Thursday, August 21st. KeyCorp reiterated an "overweight" rating and set a $106.00 target price (up previously from $96.00) on shares of Entergy in a research note on Wednesday. Finally, Morgan Stanley lowered their target price on Entergy from $86.00 to $85.00 and set an "equal weight" rating on the stock in a research note on Thursday, September 25th. Twelve investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $97.57.

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.

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