New York State Common Retirement Fund Trims Holdings in Entergy Co. (NYSE:ETR)

New York State Common Retirement Fund lessened its stake in Entergy Co. (NYSE:ETRFree Report) by 16.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 155,726 shares of the utilities provider’s stock after selling 31,030 shares during the period. New York State Common Retirement Fund owned 0.07% of Entergy worth $14,405,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC increased its position in Entergy by 1.2% during the 3rd quarter. Commonwealth Equity Services LLC now owns 38,239 shares of the utilities provider’s stock worth $3,537,000 after purchasing an additional 467 shares during the period. Alberta Investment Management Corp increased its position in Entergy by 73.3% during the 2nd quarter. Alberta Investment Management Corp now owns 27,412 shares of the utilities provider’s stock worth $2,669,000 after purchasing an additional 11,598 shares during the period. Los Angeles Capital Management LLC increased its position in Entergy by 464.4% during the 3rd quarter. Los Angeles Capital Management LLC now owns 12,044 shares of the utilities provider’s stock worth $1,114,000 after purchasing an additional 9,910 shares during the period. Merit Financial Group LLC grew its holdings in shares of Entergy by 24.5% in the 2nd quarter. Merit Financial Group LLC now owns 3,600 shares of the utilities provider’s stock worth $351,000 after acquiring an additional 708 shares during the period. Finally, DekaBank Deutsche Girozentrale grew its holdings in shares of Entergy by 5.4% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 37,279 shares of the utilities provider’s stock worth $3,559,000 after acquiring an additional 1,913 shares during the period. Institutional investors and hedge funds own 86.52% of the company’s stock.

Entergy Stock Down 0.2 %

Shares of Entergy stock opened at $99.45 on Wednesday. The business has a 50-day moving average of $101.24 and a 200-day moving average of $98.11. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.91 and a quick ratio of 0.65. The company has a market capitalization of $21.03 billion, a PE ratio of 14.29, a P/E/G ratio of 1.97 and a beta of 0.71. Entergy Co. has a 1-year low of $87.10 and a 1-year high of $111.90.

Entergy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Friday, February 9th will be paid a dividend of $1.13 per share. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $4.52 annualized dividend and a dividend yield of 4.54%. Entergy’s dividend payout ratio is presently 64.94%.

Insider Activity

In other news, EVP Marcus V. Brown sold 38,417 shares of the firm’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $101.53, for a total transaction of $3,900,478.01. Following the completion of the sale, the executive vice president now directly owns 9,380 shares in the company, valued at $952,351.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Guggenheim upped their target price on Entergy from $99.00 to $103.00 and gave the company a “buy” rating in a research note on Friday, November 3rd. JPMorgan Chase & Co. increased their price target on Entergy from $117.00 to $121.00 and gave the stock an “overweight” rating in a research note on Friday, December 1st. Barclays upped their price objective on Entergy from $99.00 to $104.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 2nd. Bank of America upgraded Entergy from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $94.00 to $110.00 in a report on Tuesday, November 21st. Finally, Mizuho dropped their price objective on Entergy from $113.00 to $105.00 and set a “buy” rating for the company in a report on Friday, November 3rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Entergy presently has a consensus rating of “Moderate Buy” and an average target price of $110.82.

Read Our Latest Analysis on ETR

About Entergy

(Free Report)

Entergy Corporation, together with its subsidiaries, engages in the production and retail distribution of electricity in the United States. The company operates in two segments, Utility and Entergy Wholesale Commodities. The Utility segment 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.

Read More

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.