Pacer Advisors Inc. Has $2.35 Million Position in Entergy Corporation (NYSE:ETR)

Pacer Advisors Inc. reduced its holdings in shares of Entergy Corporation (NYSE:ETR - Free Report) by 23.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 27,457 shares of the utilities provider's stock after selling 8,327 shares during the quarter. Pacer Advisors Inc.'s holdings in Entergy were worth $2,347,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in ETR. Acropolis Investment Management LLC boosted its position in shares of Entergy by 0.7% in the 1st quarter. Acropolis Investment Management LLC now owns 17,954 shares of the utilities provider's stock valued at $1,535,000 after purchasing an additional 129 shares during the period. Gen Wealth Partners Inc boosted its position in shares of Entergy by 27.5% in the 4th quarter. Gen Wealth Partners Inc now owns 668 shares of the utilities provider's stock valued at $51,000 after purchasing an additional 144 shares during the period. Legacy Investment Solutions LLC boosted 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 during the period. Glen Eagle Advisors LLC boosted its position in shares of Entergy by 100.0% in the 4th quarter. Glen Eagle Advisors LLC now owns 360 shares of the utilities provider's stock valued at $27,000 after purchasing an additional 180 shares during the period. Finally, Focus Financial Network Inc. boosted its position in shares of Entergy by 5.3% in the 1st quarter. Focus Financial Network Inc. now owns 4,352 shares of the utilities provider's stock valued at $372,000 after purchasing an additional 218 shares during the period. 88.07% of the stock is owned by institutional investors and hedge funds.

Entergy Stock Down 0.8%

NYSE:ETR traded down $0.68 during trading hours on Friday, reaching $89.75. The company's stock had a trading volume of 2,658,290 shares, compared to its average volume of 2,588,573. The company has a market cap of $38.66 billion, a price-to-earnings ratio of 22.35, a price-to-earnings-growth ratio of 2.46 and a beta of 0.57. Entergy Corporation has a one year low of $57.58 and a one year high of $91.46. The business's 50-day moving average is $83.55 and its 200-day moving average is $83.18. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.80 and a quick ratio of 0.55.

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

Entergy Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts recently issued reports on ETR shares. Barclays decreased their target price on Entergy from $91.00 to $87.00 and set an "overweight" rating for the company in a research report on Thursday, July 10th. Mizuho set a $97.00 price target on Entergy and gave the stock an "outperform" rating in a research note on Thursday. KeyCorp restated an "overweight" rating and set a $96.00 price target (up previously from $88.00) on shares of Entergy in a research note on Thursday. BMO Capital Markets upped their price target on Entergy from $89.00 to $93.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Finally, Morgan Stanley cut their price target on Entergy from $82.00 to $81.00 and set an "equal weight" rating for the company in a research note on Wednesday, June 18th. Six equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $88.07.

Insiders Place Their Bets

In other Entergy news, insider Haley Fisackerly sold 4,463 shares of the business's stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $90.50, for a total transaction of $403,901.50. Following the completion of the transaction, the insider owned 3,318 shares of the company's stock, valued at $300,279. The trade was a 57.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.39% of the stock is currently owned by corporate insiders.

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.