DekaBank Deutsche Girozentrale Grows Position in Entergy Co. (NYSE:ETR)

DekaBank Deutsche Girozentrale lifted its holdings in shares of Entergy Co. (NYSE:ETR) by 0.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 41,671 shares of the utilities provider’s stock after purchasing an additional 392 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Entergy were worth $4,422,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Quent Capital LLC grew its holdings in shares of Entergy by 21.7% during the 1st quarter. Quent Capital LLC now owns 550 shares of the utilities provider’s stock worth $58,000 after purchasing an additional 98 shares during the period. Delta Financial Advisors LLC grew its holdings in shares of Entergy by 0.5% during the 2nd quarter. Delta Financial Advisors LLC now owns 22,121 shares of the utilities provider’s stock worth $2,367,000 after purchasing an additional 105 shares during the period. Newbridge Financial Services Group Inc. grew its holdings in shares of Entergy by 40.0% during the 1st quarter. Newbridge Financial Services Group Inc. now owns 385 shares of the utilities provider’s stock worth $41,000 after purchasing an additional 110 shares during the period. iA Global Asset Management Inc. grew its holdings in shares of Entergy by 1.3% during the 1st quarter. iA Global Asset Management Inc. now owns 8,830 shares of the utilities provider’s stock worth $933,000 after purchasing an additional 114 shares during the period. Finally, First Bank & Trust boosted its holdings in Entergy by 0.6% during the 2nd quarter. First Bank & Trust now owns 20,540 shares of the utilities provider’s stock valued at $2,198,000 after acquiring an additional 116 shares during the period. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Entergy news, COO Peter S. Norgeot, Jr. sold 3,250 shares of Entergy stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $122.56, for a total transaction of $398,320.00. Following the transaction, the chief operating officer now owns 34,993 shares of the company’s stock, valued at $4,288,742.08. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Entergy news, COO Peter S. Norgeot, Jr. sold 11,472 shares of Entergy stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $115.16, for a total transaction of $1,321,115.52. Following the transaction, the chief operating officer now owns 37,888 shares of the company’s stock, valued at $4,363,182.08. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, COO Peter S. Norgeot, Jr. sold 3,250 shares of Entergy stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $122.56, for a total value of $398,320.00. Following the completion of the transaction, the chief operating officer now owns 34,993 shares in the company, valued at $4,288,742.08. The disclosure for this sale can be found here. Insiders have sold a total of 42,888 shares of company stock valued at $5,110,766 over the last quarter. Company insiders own 0.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on ETR shares. KeyCorp raised their target price on Entergy from $123.00 to $130.00 and gave the company an “overweight” rating in a report on Monday. Guggenheim raised their target price on Entergy from $118.00 to $128.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Mizuho raised their target price on Entergy from $107.00 to $114.00 and gave the company a “buy” rating in a report on Friday, May 31st. LADENBURG THALM/SH SH restated a “neutral” rating and set a $109.50 target price (down from $117.00) on shares of Entergy in a report on Wednesday, June 12th. Finally, Barclays upgraded Entergy from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $115.00 to $138.00 in a report on Tuesday. One analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $125.35.

Entergy Price Performance

Shares of NYSE ETR opened at $129.08 on Wednesday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.62 and a current ratio of 0.94. Entergy Co. has a fifty-two week low of $87.10 and a fifty-two week high of $129.66. The firm has a market capitalization of $27.56 billion, a PE ratio of 12.95, a price-to-earnings-growth ratio of 2.31 and a beta of 0.73. The stock’s 50-day simple moving average is $117.28 and its 200-day simple moving average is $110.37.

Entergy (NYSE:ETR) last issued its earnings results on Thursday, August 1st. The utilities provider reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.16. Entergy had a return on equity of 10.10% and a net margin of 14.75%. The business had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.98 billion. During the same quarter last year, the company earned $1.84 EPS. As a group, equities research analysts forecast that Entergy Co. will post 7.22 EPS for the current fiscal year.

Entergy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 13th were given a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 3.50%. The ex-dividend date was Tuesday, August 13th. Entergy’s dividend payout ratio (DPR) is 45.34%.

Entergy Company 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.