Entergy Co. (NYSE:ETR) Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund cut its position in Entergy Co. (NYSE:ETR - Free Report) by 68.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 39,972 shares of the utilities provider's stock after selling 86,356 shares during the period. Illinois Municipal Retirement Fund's holdings in Entergy were worth $4,045,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Jennison Associates LLC purchased a new position in shares of Entergy in the 4th quarter valued at $28,506,000. Duality Advisers LP purchased a new position in shares of Entergy in the 4th quarter valued at $316,000. Brendel Financial Advisors LLC purchased a new position in shares of Entergy in the 4th quarter valued at $1,782,000. CWM LLC grew its position in shares of Entergy by 15.6% in the 4th quarter. CWM LLC now owns 14,747 shares of the utilities provider's stock valued at $1,492,000 after buying an additional 1,989 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Entergy by 16.3% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 20,676 shares of the utilities provider's stock valued at $2,092,000 after buying an additional 2,897 shares during the last quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Barclays lowered their price objective on shares of Entergy from $108.00 to $107.00 and set an "equal weight" rating on the stock in a research report on Monday, April 15th. Scotiabank lowered their price objective on shares of Entergy from $111.00 to $104.00 and set a "sector perform" rating on the stock in a research report on Monday. BMO Capital Markets raised their price objective on shares of Entergy from $110.00 to $113.00 and gave the stock an "outperform" rating in a research report on Monday, February 26th. KeyCorp raised their price objective on shares of Entergy from $108.00 to $112.00 and gave the stock an "overweight" rating in a research report on Friday, April 19th. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $117.00 price objective on shares of Entergy in a research report on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $109.45.

Insider Activity at Entergy

In related news, insider Deanna D. Rodriguez sold 1,500 shares of the firm's stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $101.23, for a total value of $151,845.00. Following the completion of the sale, the insider now owns 3,442 shares in the company, valued at $348,433.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Entergy news, insider Deanna D. Rodriguez sold 1,500 shares of Entergy stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $101.23, for a total transaction of $151,845.00. Following the completion of the transaction, the insider now owns 3,442 shares in the company, valued at $348,433.66. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Kimberly Cook-Nelson sold 2,000 shares of Entergy stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $100.35, for a total transaction of $200,700.00. Following the transaction, the executive vice president now owns 16,037 shares of the company's stock, valued at approximately $1,609,312.95. The disclosure for this sale can be found here. Insiders sold 12,000 shares of company stock worth $1,226,685 over the last 90 days. Company insiders own 0.39% of the company's stock.

Entergy Price Performance

Shares of NYSE ETR traded up $1.07 during midday trading on Thursday, hitting $107.53. The company had a trading volume of 1,972,147 shares, compared to its average volume of 1,421,156. The company has a quick ratio of 0.32, a current ratio of 0.57 and a debt-to-equity ratio of 1.57. Entergy Co. has a twelve month low of $87.10 and a twelve month high of $108.97. The business has a 50-day simple moving average of $103.13 and a two-hundred day simple moving average of $100.53. The firm has a market capitalization of $22.93 billion, a price-to-earnings ratio of 9.59, a price-to-earnings-growth ratio of 2.12 and a beta of 0.71.

Entergy (NYSE:ETR - Get Free Report) last announced its quarterly earnings data on Wednesday, April 24th. The utilities provider reported $1.08 EPS for the quarter, missing the consensus estimate of $1.44 by ($0.36). Entergy had a net margin of 19.41% and a return on equity of 10.54%. The company had revenue of $31.17 billion during the quarter, compared to analyst estimates of $3.16 billion. During the same quarter last year, the business earned $1.14 EPS. The firm's revenue for the quarter was down .5% on a year-over-year basis. Equities research analysts anticipate that Entergy Co. will post 7.22 earnings per share for the current year.

Entergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Thursday, May 2nd will be paid a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 4.20%. The ex-dividend date is Wednesday, May 1st. Entergy's dividend payout ratio (DPR) is 40.76%.

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.