Entergy Corporation (NYSE:ETR) Shares Sold by Miller Howard Investments Inc. NY

Miller Howard Investments Inc. NY decreased its holdings in Entergy Corporation (NYSE:ETR - Free Report) by 3.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 601,632 shares of the utilities provider's stock after selling 22,449 shares during the quarter. Entergy accounts for about 1.6% of Miller Howard Investments Inc. NY's holdings, making the stock its 23rd biggest holding. Miller Howard Investments Inc. NY owned about 0.14% of Entergy worth $51,434,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in ETR. Rossby Financial LCC acquired a new position in shares of Entergy in the first quarter worth $87,000. Summit Trail Advisors LLC grew its stake in Entergy by 15.6% during the 1st quarter. Summit Trail Advisors LLC now owns 8,281 shares of the utilities provider's stock worth $708,000 after purchasing an additional 1,119 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in Entergy by 3.1% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 50,934 shares of the utilities provider's stock worth $4,354,000 after purchasing an additional 1,546 shares during the period. Mather Group LLC. raised its position in Entergy by 507.5% in the 1st quarter. Mather Group LLC. now owns 11,415 shares of the utilities provider's stock valued at $976,000 after purchasing an additional 9,536 shares in the last quarter. Finally, CHURCHILL MANAGEMENT Corp acquired a new stake in Entergy in the 1st quarter valued at about $6,425,000. 88.07% of the stock is owned by hedge funds and other institutional investors.

Entergy Stock Performance

Shares of NYSE:ETR traded up $0.83 on Friday, reaching $82.15. The company's stock had a trading volume of 1,120,750 shares, compared to its average volume of 3,575,509. Entergy Corporation has a 52-week low of $52.07 and a 52-week high of $88.38. The stock has a market capitalization of $35.39 billion, a P/E ratio of 26.67, a PEG ratio of 2.23 and a beta of 0.59. The stock's 50-day moving average is $82.49 and its two-hundred day moving average is $81.89. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.82 and a quick ratio of 0.55.

Entergy (NYSE:ETR - Get Free Report) last issued its quarterly earnings results 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 return on equity of 11.43% and a net margin of 11.26%. The firm had revenue of $3.02 billion for the quarter, compared to analysts' expectations of $3.13 billion. During the same quarter in the previous year, the firm posted $0.54 EPS. As a group, sell-side analysts forecast that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Friday, May 2nd were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.92%. The ex-dividend date of this dividend was Friday, May 2nd. Entergy's dividend payout ratio is presently 77.92%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. KeyCorp upgraded shares of Entergy from a "sector weight" rating to an "overweight" rating and set a $85.00 target price on the stock in a research note on Wednesday, May 14th. UBS Group increased their price objective on shares of Entergy from $86.00 to $96.00 and gave the company a "buy" rating in a research report on Friday, March 21st. JPMorgan Chase & Co. raised their price objective on shares of Entergy from $87.00 to $98.00 and gave the company an "overweight" rating in a report on Tuesday, March 11th. BMO Capital Markets boosted their target price on shares of Entergy from $89.00 to $93.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Finally, Raymond James Financial initiated coverage on Entergy in a report on Friday, June 13th. They issued a "market perform" rating on the stock. Six investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $86.25.

About Entergy

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.