DekaBank Deutsche Girozentrale Sells 14,276 Shares of Entergy (ETR)

DekaBank Deutsche Girozentrale trimmed its holdings in Entergy (NYSE:ETR) by 49.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,489 shares of the utilities provider’s stock after selling 14,276 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Entergy were worth $1,219,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of Entergy by 1.0% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 513,850 shares of the utilities provider’s stock valued at $40,481,000 after buying an additional 5,057 shares in the last quarter. New York State Teachers Retirement System lifted its stake in shares of Entergy by 0.7% in the first quarter. New York State Teachers Retirement System now owns 242,828 shares of the utilities provider’s stock valued at $19,130,000 after buying an additional 1,732 shares in the last quarter. Comerica Bank lifted its stake in shares of Entergy by 1.9% in the first quarter. Comerica Bank now owns 73,324 shares of the utilities provider’s stock valued at $5,867,000 after buying an additional 1,348 shares in the last quarter. Hussman Strategic Advisors Inc. lifted its stake in shares of Entergy by 3,500.0% in the first quarter. Hussman Strategic Advisors Inc. now owns 36,000 shares of the utilities provider’s stock valued at $2,836,000 after buying an additional 35,000 shares in the last quarter. Finally, Alps Advisors Inc. lifted its stake in shares of Entergy by 78.1% in the first quarter. Alps Advisors Inc. now owns 11,966 shares of the utilities provider’s stock valued at $943,000 after buying an additional 5,246 shares in the last quarter. 86.99% of the stock is currently owned by hedge funds and other institutional investors.

In related news, SVP Alyson M. Mount sold 10,396 shares of the firm’s stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $78.50, for a total transaction of $816,086.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Phillip R. May, Jr. sold 7,700 shares of the firm’s stock in a transaction dated Friday, April 27th. The stock was sold at an average price of $82.00, for a total transaction of $631,400.00. The disclosure for this sale can be found here. Insiders have sold 18,596 shares of company stock valued at $1,486,496 in the last 90 days. 0.24% of the stock is currently owned by corporate insiders.

Entergy opened at $76.26 on Friday, according to Marketbeat.com. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.52 and a current ratio of 0.70. Entergy has a fifty-two week low of $76.60 and a fifty-two week high of $77.75. The stock has a market cap of $13.92 billion, a P/E ratio of 10.43, a PEG ratio of 1.71 and a beta of 0.45.

Entergy (NYSE:ETR) last released its quarterly earnings results on Wednesday, April 25th. The utilities provider reported $1.16 earnings per share for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.14). Entergy had a net margin of 4.21% and a return on equity of 16.19%. The firm had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.47 billion. During the same period in the previous year, the business earned $0.99 earnings per share. equities research analysts predict that Entergy will post 6.44 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Investors of record on Thursday, May 10th will be issued a dividend of $0.89 per share. The ex-dividend date is Wednesday, May 9th. This represents a $3.56 dividend on an annualized basis and a yield of 4.67%. Entergy’s dividend payout ratio (DPR) is presently 49.44%.

ETR has been the topic of a number of recent research reports. TheStreet raised shares of Entergy from a “c” rating to a “b” rating in a research note on Wednesday, April 25th. Guggenheim reaffirmed a “buy” rating and issued a $94.00 price objective (up from $88.00) on shares of Entergy in a research note on Friday, February 23rd. Mizuho reaffirmed a “buy” rating and issued a $88.50 price objective on shares of Entergy in a research note on Thursday, April 19th. ValuEngine raised shares of Entergy from a “hold” rating to a “buy” rating in a research report on Friday, April 27th. Finally, Morgan Stanley raised their price target on shares of Entergy from $76.00 to $81.00 and gave the company an “equal weight” rating in a research report on Monday, April 16th. Five research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Entergy has a consensus rating of “Buy” and a consensus target price of $85.77.

Entergy Company Profile

Entergy Corporation, together with its subsidiaries, engages in the production and distribution of electricity in the United States. It generates electricity through gas/oil, nuclear, coal, hydro, and solar power sources. The company's Utility segment generates, transmits, distributes, and sells electric power in portions of Arkansas, Mississippi, Texas, and Louisiana, including the City of New Orleans; and distributes natural gas.

Institutional Ownership by Quarter for Entergy (NYSE:ETR)

Receive News & Ratings for Entergy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Entergy and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply