Anchor Capital Advisors LLC Reduces Stock Position in Entergy Co. (NYSE:ETR)

Anchor Capital Advisors LLC lessened its stake in shares of Entergy Co. (NYSE:ETR - Free Report) by 4.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 483,700 shares of the utilities provider's stock after selling 24,152 shares during the quarter. Anchor Capital Advisors LLC owned about 0.23% of Entergy worth $48,946,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of ETR. EverSource Wealth Advisors LLC grew its stake in Entergy by 157.1% during the third quarter. EverSource Wealth Advisors LLC now owns 270 shares of the utilities provider's stock valued at $25,000 after acquiring an additional 165 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Entergy in the third quarter worth $32,000. Fortis Group Advisors LLC purchased a new stake in shares of Entergy in the third quarter worth $32,000. CVA Family Office LLC bought a new stake in Entergy during the fourth quarter valued at $41,000. Finally, Millburn Ridgefield Corp bought a new stake in Entergy during the third quarter valued at $43,000. 88.07% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP Kimberly Cook-Nelson sold 2,000 shares of Entergy stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $100.35, for a total transaction of $200,700.00. Following the completion of the transaction, the executive vice president now directly owns 16,037 shares of the company's stock, valued at approximately $1,609,312.95. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, EVP Marcus V. Brown sold 8,500 shares of the stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $102.84, for a total transaction of $874,140.00. Following the sale, the executive vice president now directly owns 9,911 shares of the company's stock, valued at approximately $1,019,247.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kimberly Cook-Nelson sold 2,000 shares of the firm's stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $100.35, for a total transaction of $200,700.00. Following the sale, the executive vice president now owns 16,037 shares of the company's stock, valued at $1,609,312.95. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,000 shares of company stock worth $1,226,685. Corporate insiders own 0.39% of the company's stock.

Entergy Trading Up 0.6 %

Entergy stock traded up $0.67 during trading hours on Monday, reaching $107.17. The company had a trading volume of 1,332,683 shares, compared to its average volume of 1,428,902. The firm has a market cap of $22.85 billion, a price-to-earnings ratio of 10.75, a P/E/G ratio of 1.98 and a beta of 0.71. Entergy Co. has a 12-month low of $87.10 and a 12-month high of $108.81. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.69 and a quick ratio of 0.45. The company has a 50-day moving average price of $103.55 and a 200 day moving average price of $100.85.

Entergy (NYSE:ETR - Get Free Report) last announced its quarterly earnings results on Wednesday, April 24th. The utilities provider reported $1.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.44 by ($0.36). Entergy had a net margin of 17.75% and a return on equity of 10.20%. The business had revenue of $31.17 billion for the quarter, compared to analysts' expectations of $3.16 billion. During the same quarter in the prior year, the firm earned $1.14 EPS. The firm's revenue for the quarter was down .5% on a year-over-year basis. Equities analysts forecast that Entergy Co. will post 7.22 earnings per share for the current year.

Entergy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Thursday, May 2nd will be issued a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 4.22%. The ex-dividend date of this dividend is Wednesday, May 1st. Entergy's dividend payout ratio (DPR) is presently 45.34%.

Analyst Ratings Changes

Several research firms have weighed in on ETR. Barclays lowered their price target on Entergy from $108.00 to $107.00 and set an "equal weight" rating on the stock in a report on Monday, April 15th. BMO Capital Markets raised their target price on shares of Entergy from $110.00 to $113.00 and gave the company an "outperform" rating in a research note on Monday, February 26th. Scotiabank cut their price target on shares of Entergy from $111.00 to $104.00 and set a "sector perform" rating for the company in a research note on Monday, April 22nd. Royal Bank of Canada reissued an "outperform" rating and issued a $117.00 price target on shares of Entergy in a report on Monday, February 26th. Finally, KeyCorp lifted their price objective on shares of Entergy from $108.00 to $112.00 and gave the stock an "overweight" rating in a report on Friday, April 19th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $109.45.

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.