Duff & Phelps Investment Management Co. Increases Stock Holdings in Entergy Co. (NYSE:ETR)

Duff & Phelps Investment Management Co. grew its stake in shares of Entergy Co. (NYSE:ETR - Free Report) by 1.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 763,196 shares of the utilities provider's stock after buying an additional 11,925 shares during the quarter. Duff & Phelps Investment Management Co. owned approximately 0.36% of Entergy worth $77,228,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Commonwealth Equity Services LLC boosted its position in Entergy by 1.2% during the 3rd quarter. Commonwealth Equity Services LLC now owns 38,239 shares of the utilities provider's stock worth $3,537,000 after buying an additional 467 shares during the period. CWM LLC lifted its holdings in shares of Entergy by 15.6% during the fourth quarter. CWM LLC now owns 14,747 shares of the utilities provider's stock worth $1,492,000 after purchasing an additional 1,989 shares during the period. Ferguson Wellman Capital Management Inc. grew its stake in shares of Entergy by 1.7% in the fourth quarter. Ferguson Wellman Capital Management Inc. now owns 595,644 shares of the utilities provider's stock worth $60,273,000 after purchasing an additional 9,696 shares during the last quarter. Financial Counselors Inc. increased its holdings in Entergy by 28.9% in the fourth quarter. Financial Counselors Inc. now owns 159,395 shares of the utilities provider's stock valued at $16,129,000 after purchasing an additional 35,718 shares during the period. Finally, Los Angeles Capital Management LLC raised its position in Entergy by 464.4% during the 3rd quarter. Los Angeles Capital Management LLC now owns 12,044 shares of the utilities provider's stock worth $1,114,000 after purchasing an additional 9,910 shares during the last quarter. Institutional investors own 88.07% of the company's stock.

Insider Activity at Entergy

In other news, EVP Kimberly Cook-Nelson sold 2,000 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $100.35, for a total value of $200,700.00. Following the completion of the sale, the executive vice president now owns 16,037 shares in the company, valued at $1,609,312.95. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, insider Deanna D. Rodriguez sold 1,500 shares of the business'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 transaction, the insider now directly owns 3,442 shares of the company's stock, valued at approximately $348,433.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Kimberly Cook-Nelson sold 2,000 shares of the 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 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 have sold a total of 12,000 shares of company stock valued at $1,226,685 over the last 90 days. Insiders own 0.54% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. KeyCorp increased their price target on Entergy from $108.00 to $112.00 and gave the company an "overweight" rating in a research note on Friday, April 19th. Barclays decreased their target price on shares of Entergy from $108.00 to $107.00 and set an "equal weight" rating for the company in a research report on Monday, April 15th. Royal Bank of Canada restated an "outperform" rating and issued a $117.00 price target on shares of Entergy in a research report on Monday, February 26th. BMO Capital Markets increased 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. Finally, Scotiabank lowered their target price 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. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, Entergy currently has a consensus rating of "Moderate Buy" and an average price target of $109.45.

Entergy Stock Down 0.5 %

Entergy stock traded down $0.50 during midday trading on Tuesday, reaching $106.67. The stock had a trading volume of 1,512,090 shares, compared to its average volume of 1,429,903. The company has a current ratio of 0.69, a quick ratio of 0.45 and a debt-to-equity ratio of 1.68. Entergy Co. has a 12 month low of $87.10 and a 12 month high of $108.81. The company has a fifty day moving average price of $103.55 and a two-hundred day moving average price of $100.85. The company has a market capitalization of $22.75 billion, a P/E ratio of 10.75, a PEG ratio of 1.98 and a beta of 0.71.

Entergy (NYSE:ETR - Get Free Report) last issued its 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). The firm had revenue of $31.17 billion during the quarter, compared to the consensus estimate of $3.16 billion. Entergy had a return on equity of 10.20% and a net margin of 17.75%. Entergy's revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.14 earnings per share. As a group, equities analysts expect that Entergy Co. will post 7.22 EPS for the current fiscal year.

Entergy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders 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 4.24%. The ex-dividend date of this dividend is Wednesday, May 1st. Entergy's dividend payout ratio (DPR) is presently 45.34%.

Entergy 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.