Entergy Co. (NYSE:ETR) Stake Trimmed by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado cut its position in shares of Entergy Co. (NYSE:ETR) by 1.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,780 shares of the utilities provider’s stock after selling 227 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Entergy were worth $2,223,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. HBK Sorce Advisory LLC raised its holdings in Entergy by 2.3% during 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 stake in shares of 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 holdings in Entergy by 0.5% in 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 last quarter. iA Global Asset Management Inc. boosted its position in Entergy by 1.3% during the first 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 grew its holdings in Entergy by 0.6% during the second quarter. First Bank & Trust now owns 20,540 shares of the utilities provider’s stock valued at $2,198,000 after purchasing an additional 116 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Entergy

In other Entergy news, COO Peter S. Norgeot, Jr. sold 11,472 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $115.16, for a total value of $1,321,115.52. Following the sale, the chief operating officer now directly owns 37,888 shares in the company, valued at $4,363,182.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Entergy news, COO Peter S. Norgeot, Jr. sold 11,472 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $115.16, for a total transaction of $1,321,115.52. Following the sale, the chief operating officer now directly owns 37,888 shares of the company’s stock, valued at $4,363,182.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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 transaction of $398,320.00. Following the completion of the transaction, the chief operating officer now owns 34,993 shares of the company’s stock, valued at approximately $4,288,742.08. The disclosure for this sale can be found here. In the last ninety days, insiders sold 42,888 shares of company stock valued at $5,110,766. Corporate insiders own 0.39% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on ETR shares. Mizuho boosted their price objective on shares of Entergy from $107.00 to $114.00 and gave the stock a “buy” rating in a research note on Friday, May 31st. Morgan Stanley upped their price target on shares of Entergy from $100.00 to $109.00 and gave the company an “underweight” rating in a report on Friday, August 23rd. Scotiabank lifted their price objective on Entergy from $115.00 to $119.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 20th. JPMorgan Chase & Co. increased their target price on Entergy from $131.00 to $141.00 and gave the company an “overweight” rating in a research note on Monday, August 12th. Finally, BMO Capital Markets lifted their price target on Entergy from $124.00 to $131.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $127.35.

Entergy Stock Performance

Shares of NYSE ETR opened at $130.04 on Tuesday. Entergy Co. has a one year low of $87.10 and a one year high of $130.16. The company has a current ratio of 0.94, a quick ratio of 0.62 and a debt-to-equity ratio of 1.81. The business has a fifty day simple moving average of $118.98 and a 200 day simple moving average of $111.12. The firm has a market capitalization of $27.77 billion, a price-to-earnings ratio of 13.04, a PEG ratio of 2.31 and a beta of 0.73.

Entergy (NYSE:ETR) last released its quarterly earnings data on Thursday, August 1st. The utilities provider reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.16. The company had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $2.98 billion. Entergy had a net margin of 14.75% and a return on equity of 10.10%. During the same period last year, the firm earned $1.84 EPS. Sell-side analysts expect that Entergy Co. will post 7.22 EPS for the current year.

Entergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Tuesday, August 13th were paid a $1.13 dividend. The ex-dividend date of this dividend was Tuesday, August 13th. This represents a $4.52 annualized dividend and a dividend yield of 3.48%. Entergy’s dividend payout ratio is currently 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.