Entergy Co. (NYSE:ETR) Shares Sold by Boston Partners

Boston Partners reduced its stake in Entergy Co. (NYSE:ETR - Free Report) by 22.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,168,222 shares of the utilities provider's stock after selling 622,260 shares during the quarter. Boston Partners owned 1.03% of Entergy worth $219,386,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. lifted its holdings in Entergy by 5.5% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 49,951 shares of the utilities provider's stock worth $4,620,000 after buying an additional 2,588 shares in the last quarter. Brown Advisory Inc. lifted its holdings in Entergy by 5.1% during the 3rd quarter. Brown Advisory Inc. now owns 2,353 shares of the utilities provider's stock worth $218,000 after buying an additional 115 shares in the last quarter. First Horizon Advisors Inc. lifted its holdings in Entergy by 16.9% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,225 shares of the utilities provider's stock worth $113,000 after buying an additional 177 shares in the last quarter. Assetmark Inc. lifted its holdings in Entergy by 20.8% during the 3rd quarter. Assetmark Inc. now owns 19,960 shares of the utilities provider's stock worth $1,846,000 after buying an additional 3,442 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in Entergy by 13.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 207,340 shares of the utilities provider's stock worth $19,179,000 after buying an additional 25,147 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Entergy news, CAO Reginald T. Jackson sold 9,229 shares of the firm's stock in a transaction on Monday, May 6th. The shares were sold at an average price of $108.71, for a total transaction of $1,003,284.59. Following the transaction, the chief accounting officer now directly owns 2,166 shares of the company's stock, valued at approximately $235,465.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Entergy news, CAO Reginald T. Jackson sold 9,229 shares of the firm's stock in a transaction on Monday, May 6th. The shares were sold at an average price of $108.71, for a total transaction of $1,003,284.59. Following the transaction, the chief accounting officer now directly owns 2,166 shares of the company's stock, valued at approximately $235,465.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kimberly Cook-Nelson sold 2,000 shares of the firm's stock in a transaction on 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 directly owns 16,037 shares in the company, valued at $1,609,312.95. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,729 shares of company stock valued at $2,395,315. Insiders own 0.54% of the company's stock.

Wall Street Analyst Weigh In

ETR has been the topic of a number of research reports. Scotiabank reduced their target price on shares of Entergy from $111.00 to $104.00 and set a "sector perform" rating on the stock in a report on Monday, April 22nd. Royal Bank of Canada reiterated an "outperform" rating and set a $117.00 target price on shares of Entergy in a report on Monday, February 26th. Barclays dropped 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. BMO Capital Markets increased their price objective on shares of Entergy from $110.00 to $113.00 and gave the company an "outperform" rating in a research report on Monday, February 26th. Finally, KeyCorp increased their price objective on shares of Entergy from $108.00 to $112.00 and gave the company an "overweight" rating in a research report on Friday, April 19th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $109.45.

Entergy Stock Down 0.1 %

Shares of NYSE ETR traded down $0.14 during mid-day trading on Monday, reaching $111.85. The company had a trading volume of 1,479,248 shares, compared to its average volume of 1,455,560. The company has a current ratio of 0.69, a quick ratio of 0.45 and a debt-to-equity ratio of 1.68. The firm has a 50 day simple moving average of $105.03 and a two-hundred day simple moving average of $101.86. The stock has a market cap of $23.88 billion, a P/E ratio of 11.22, a PEG ratio of 2.08 and a beta of 0.69. Entergy Co. has a 52-week low of $87.10 and a 52-week high of $112.71.

Entergy (NYSE:ETR - Get Free Report) last posted its earnings results on Wednesday, April 24th. The utilities provider reported $1.08 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 company had revenue of $31.17 billion during the quarter, compared to analysts' expectations of $3.16 billion. During the same period last year, the business earned $1.14 earnings per share. The company's quarterly revenue was down .5% on a year-over-year basis. Sell-side analysts predict that Entergy Co. will post 7.23 earnings per share for the current year.

Entergy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Thursday, May 2nd will be given a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 4.04%. The ex-dividend date is Wednesday, May 1st. Entergy's payout ratio is currently 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.

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