Yousif Capital Management LLC Sells 3,572 Shares of Entergy Co. (NYSE:ETR)

Yousif Capital Management LLC reduced its position in shares of Entergy Co. (NYSE:ETR) by 10.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 29,989 shares of the utilities provider’s stock after selling 3,572 shares during the period. Yousif Capital Management LLC’s holdings in Entergy were worth $3,035,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ETR. GAMMA Investing LLC bought a new position in shares of Entergy in the fourth quarter valued at approximately $238,000. Jennison Associates LLC acquired a new position in Entergy in the fourth quarter worth $28,506,000. Duality Advisers LP bought a new stake in shares of Entergy during the fourth quarter worth $316,000. Brendel Financial Advisors LLC acquired a new stake in shares of Entergy in the fourth quarter valued at $1,782,000. Finally, CWM LLC raised its holdings in shares of Entergy by 15.6% in the fourth quarter. CWM LLC now owns 14,747 shares of the utilities provider’s stock valued at $1,492,000 after buying an additional 1,989 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ETR. Barclays lowered their price objective 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. BMO Capital Markets raised their price target on shares of Entergy from $110.00 to $113.00 and gave the company an “outperform” rating in a report on Monday, February 26th. Royal Bank of Canada restated an “outperform” rating and issued a $117.00 price objective on shares of Entergy in a research report on Monday, February 26th. KeyCorp increased their price objective on Entergy from $108.00 to $112.00 and gave the company an “overweight” rating in a research report on Friday, April 19th. Finally, Scotiabank dropped their target price on Entergy from $111.00 to $104.00 and set a “sector perform” rating for the company in a research report on Monday, April 22nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $109.45.

Insiders Place Their Bets

In other news, EVP Kimberly Cook-Nelson sold 2,000 shares of the stock in a transaction on Friday, March 1st. The shares were sold at an average price of $100.35, for a total transaction of $200,700.00. Following the completion of the sale, the executive vice president now owns 16,037 shares of the company’s stock, valued at $1,609,312.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Deanna D. Rodriguez sold 1,500 shares of the stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $101.23, for a total transaction of $151,845.00. Following the completion of the transaction, the insider now directly owns 3,442 shares in the company, valued at $348,433.66. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Kimberly Cook-Nelson sold 2,000 shares of Entergy stock in a transaction that occurred on 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 directly owns 16,037 shares in the company, valued at approximately $1,609,312.95. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,000 shares of company stock worth $1,226,685. Company insiders own 0.54% of the company’s stock.

Entergy Trading Down 1.0 %

ETR opened at $106.50 on Monday. The firm’s fifty day moving average is $103.41 and its two-hundred day moving average is $100.76. The firm has a market cap of $22.71 billion, a PE ratio of 10.68, a price-to-earnings-growth ratio of 1.98 and a beta of 0.71. Entergy Co. has a twelve month low of $87.10 and a twelve month high of $108.81. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.45 and a current ratio of 0.69.

Entergy (NYSE:ETR) last issued its quarterly earnings data on Wednesday, April 24th. The utilities provider reported $1.08 EPS for the quarter, missing the consensus estimate of $1.44 by ($0.36). Entergy had a return on equity of 10.20% and a net margin of 17.75%. The business had revenue of $31.17 billion for the quarter, compared to analyst estimates of $3.16 billion. During the same period in the previous year, the business posted $1.14 EPS. The business’s quarterly revenue was down .5% compared to the same quarter last year. Equities research analysts anticipate that Entergy Co. will post 7.22 EPS for the current year.

Entergy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Thursday, May 2nd will be issued a dividend of $1.13 per share. The ex-dividend date of this dividend is Wednesday, May 1st. This represents a $4.52 annualized dividend and a yield of 4.24%. Entergy’s dividend payout ratio (DPR) 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.