Newport Trust Company LLC Has $305.02 Million Position in Entergy Co. (NYSE:ETR)

Newport Trust Company LLC trimmed its position in Entergy Co. (NYSE:ETR) by 0.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,850,643 shares of the utilities provider’s stock after selling 25,980 shares during the quarter. Entergy accounts for 0.8% of Newport Trust Company LLC’s holdings, making the stock its 22nd biggest holding. Newport Trust Company LLC owned 1.33% of Entergy worth $305,019,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. HBK Sorce Advisory LLC raised its position in shares of Entergy by 2.3% in the second quarter. HBK Sorce Advisory LLC now owns 4,075 shares of the utilities provider’s stock valued at $436,000 after buying an additional 92 shares in the last quarter. Quent Capital LLC raised its holdings in Entergy by 21.7% in the 1st quarter. Quent Capital LLC now owns 550 shares of the utilities provider’s stock valued at $58,000 after acquiring an additional 98 shares in the last quarter. Delta Financial Advisors LLC lifted its position 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 valued at $2,367,000 after acquiring an additional 105 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 in the last quarter. Finally, First Bank & Trust increased its position in shares of Entergy by 0.6% in the second quarter. First Bank & Trust now owns 20,540 shares of the utilities provider’s stock worth $2,198,000 after purchasing an additional 116 shares during the period. Institutional investors own 88.07% of the company’s stock.

Entergy Stock Performance

Entergy stock opened at $127.68 on Friday. The business has a 50 day moving average of $118.12 and a 200-day moving average of $110.62. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.94 and a quick ratio of 0.62. Entergy Co. has a 1 year low of $87.10 and a 1 year high of $129.66. The company has a market capitalization of $27.26 billion, a P/E ratio of 12.81, a P/E/G ratio of 2.31 and a beta of 0.73.

Entergy (NYSE:ETR) last released its quarterly earnings results on Thursday, August 1st. The utilities provider reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.16. Entergy had a net margin of 14.75% and a return on equity of 10.10%. The firm had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $2.98 billion. During the same quarter last year, the firm earned $1.84 earnings per share. On average, equities research analysts predict that Entergy Co. will post 7.22 earnings per share for the current year.

Entergy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 13th were given a $1.13 dividend. The ex-dividend date was Tuesday, August 13th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.54%. Entergy’s dividend payout ratio (DPR) is presently 45.34%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Guggenheim increased their price objective on shares of Entergy from $118.00 to $128.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. JPMorgan Chase & Co. increased their price target on shares of Entergy from $131.00 to $141.00 and gave the stock an “overweight” rating in a research report on Monday, August 12th. Bank of America boosted their price objective on shares of Entergy from $135.00 to $138.00 and gave the company a “buy” rating in a research report on Thursday, August 29th. Scotiabank raised their target price on Entergy from $115.00 to $119.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. Finally, Wells Fargo & Company boosted their price target on Entergy from $125.00 to $137.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $125.35.

Insider Activity

In other news, CEO Andrew S. Marsh sold 3,200 shares of the company’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $121.46, for a total value of $388,672.00. Following the sale, the chief executive officer now directly owns 150,731 shares of the company’s stock, valued at approximately $18,307,787.26. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CEO Andrew S. Marsh sold 3,200 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $121.46, for a total value of $388,672.00. Following the transaction, the chief executive officer now directly owns 150,731 shares of the company’s stock, valued at approximately $18,307,787.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Andrew S. Marsh sold 600 shares of the firm’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $120.03, for a total value of $72,018.00. Following the sale, the chief executive officer now directly owns 150,731 shares of the company’s stock, valued at approximately $18,092,241.93. The disclosure for this sale can be found here. Over the last quarter, insiders sold 42,888 shares of company stock valued at $5,110,766. Company insiders own 0.39% of the company’s stock.

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.