Ellington Management Group LLC purchased a new stake in shares of Entergy Co. (NYSE:ETR) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 14,200 shares of the utilities provider’s stock, valued at approximately $1,156,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. QS Investors LLC lifted its position in shares of Entergy by 28.6% during the fourth quarter. QS Investors LLC now owns 82,878 shares of the utilities provider’s stock valued at $6,745,000 after purchasing an additional 18,443 shares in the last quarter. Deutsche Bank AG lifted its position in shares of Entergy by 23.9% during the fourth quarter. Deutsche Bank AG now owns 628,166 shares of the utilities provider’s stock valued at $51,120,000 after purchasing an additional 121,230 shares in the last quarter. Brandywine Global Investment Management LLC lifted its position in shares of Entergy by 3.4% during the fourth quarter. Brandywine Global Investment Management LLC now owns 162,877 shares of the utilities provider’s stock valued at $13,257,000 after purchasing an additional 5,309 shares in the last quarter. Dynamic Capital Management Ltd bought a new position in shares of Entergy during the fourth quarter valued at about $217,000. Finally, Quantitative Investment Management LLC lifted its position in shares of Entergy by 80.3% during the fourth quarter. Quantitative Investment Management LLC now owns 155,100 shares of the utilities provider’s stock valued at $12,623,000 after purchasing an additional 69,100 shares in the last quarter. 88.57% of the stock is currently owned by institutional investors.
Entergy Co. (NYSE ETR) opened at $76.78 on Monday. The firm has a market cap of $13,879.55, a PE ratio of 10.65, a PEG ratio of 2.26 and a beta of 0.51. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.65 and a quick ratio of 0.47. Entergy Co. has a 12 month low of $71.95 and a 12 month high of $87.95.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 1st. Stockholders of record on Thursday, February 8th were given a $0.89 dividend. The ex-dividend date of this dividend was Wednesday, February 7th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 4.64%. Entergy’s dividend payout ratio (DPR) is currently 156.14%.
In other news, insider Haley Fisackerly sold 500 shares of the firm’s stock in a transaction that occurred on Monday, March 5th. The shares were sold at an average price of $78.02, for a total value of $39,010.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Alyson M. Mount sold 10,396 shares of the firm’s stock in a transaction that occurred on Monday, March 5th. The shares were sold at an average price of $78.50, for a total transaction of $816,086.00. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by company insiders.
A number of research firms recently weighed in on ETR. Morgan Stanley set a $76.00 price target on shares of Entergy and gave the company a “hold” rating in a research report on Thursday. UBS Group began coverage on shares of Entergy in a report on Friday, February 2nd. They set a “neutral” rating and a $82.00 price objective for the company. Guggenheim restated a “buy” rating and set a $101.00 price objective on shares of Entergy in a report on Wednesday, January 3rd. Mizuho upgraded shares of Entergy from a “neutral” rating to a “buy” rating in a report on Friday, November 17th. Finally, TheStreet downgraded shares of Entergy from a “b-” rating to a “c+” rating in a report on Wednesday, December 6th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Entergy presently has an average rating of “Buy” and an average price target of $82.57.
Entergy Corporation is a holding company. The Company is an integrated energy company engaged in electric power production and retail electric distribution operations. The Company operates through two business segments: Utility and Entergy Wholesale Commodities. The Utility segment includes the generation, transmission, distribution and sale of electric power to retail and wholesale customers in areas of Arkansas, Mississippi, Texas and Louisiana, including the City of New Orleans and operates a natural gas distribution business.
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