Luminus Management LLC increased its stake in Entergy Co. (NYSE:ETR) by 6.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,052,890 shares of the utilities provider’s stock after acquiring an additional 68,379 shares during the quarter. Entergy makes up 1.8% of Luminus Management LLC’s holdings, making the stock its 15th largest holding. Luminus Management LLC owned about 0.58% of Entergy worth $85,695,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently modified their holdings of ETR. Advisors Preferred LLC grew its holdings in shares of Entergy by 1,174.7% in the 4th quarter. Advisors Preferred LLC now owns 1,262 shares of the utilities provider’s stock worth $103,000 after acquiring an additional 1,163 shares during the last quarter. Cerebellum GP LLC acquired a new position in shares of Entergy in the 4th quarter worth $123,000. Calton & Associates Inc. acquired a new position in shares of Entergy in the 4th quarter worth $130,000. Krilogy Financial LLC grew its holdings in shares of Entergy by 1,116.0% in the 3rd quarter. Krilogy Financial LLC now owns 2,432 shares of the utilities provider’s stock worth $186,000 after acquiring an additional 2,232 shares during the last quarter. Finally, NuWave Investment Management LLC acquired a new position in shares of Entergy in the 4th quarter worth $193,000. Institutional investors and hedge funds own 88.57% of the company’s stock.
In other Entergy news, SVP Alyson M. Mount sold 10,396 shares of the business’s stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $78.50, for a total value of $816,086.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Haley Fisackerly sold 500 shares of the business’s stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $78.02, for a total value of $39,010.00. The disclosure for this sale can be found here. 0.24% of the stock is owned by insiders.
Entergy Co. (ETR) opened at $76.78 on Monday. 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 52 week low of $71.95 and a 52 week high of $87.95. The company has a market capitalization of $13,879.55, a PE ratio of 10.65, a price-to-earnings-growth ratio of 2.26 and a beta of 0.51.
Entergy (NYSE:ETR) last announced its quarterly earnings results on Friday, February 23rd. The utilities provider reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.34. Entergy had a return on equity of 15.79% and a net margin of 3.81%. The company had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.33 billion. During the same quarter in the previous year, the firm earned $0.31 earnings per share. equities research analysts forecast that Entergy Co. will post 4.86 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 1st. Shareholders of record on Thursday, February 8th were given a $0.89 dividend. The ex-dividend date 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 is currently 156.14%.
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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