Van ECK Associates Corp Sells 7,197 Shares of Entergy Co. (NYSE:ETR)

Van ECK Associates Corp lessened its holdings in Entergy Co. (NYSE:ETRFree Report) by 12.7% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 49,526 shares of the utilities provider’s stock after selling 7,197 shares during the quarter. Van ECK Associates Corp’s holdings in Entergy were worth $4,581,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of ETR. EverSource Wealth Advisors LLC grew its position in shares of Entergy by 157.1% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 270 shares of the utilities provider’s stock worth $25,000 after buying an additional 165 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its stake in Entergy by 108.8% in the third quarter. Massmutual Trust Co. FSB ADV now owns 307 shares of the utilities provider’s stock worth $28,000 after buying an additional 160 shares in the last quarter. Fairfield Bush & CO. bought a new position in Entergy in the first quarter worth approximately $29,000. OLD Point Trust & Financial Services N A bought a new position in Entergy in the second quarter worth approximately $34,000. Finally, Geneos Wealth Management Inc. raised its stake in Entergy by 6,000.0% in the third quarter. Geneos Wealth Management Inc. now owns 427 shares of the utilities provider’s stock worth $39,000 after buying an additional 420 shares in the last quarter. Institutional investors own 86.52% of the company’s stock.

Insiders Place Their Bets

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

Entergy Trading Up 0.6 %

Shares of Entergy stock opened at $97.95 on Monday. The firm has a 50-day simple moving average of $101.04 and a two-hundred day simple moving average of $97.98. The company has a market cap of $20.71 billion, a P/E ratio of 14.07, a price-to-earnings-growth ratio of 1.94 and a beta of 0.71. Entergy Co. has a fifty-two week low of $87.10 and a fifty-two week high of $111.90. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.65 and a current ratio of 0.91.

Entergy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Friday, February 9th will be given a $1.13 dividend. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 4.61%. Entergy’s dividend payout ratio (DPR) is currently 64.94%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on ETR shares. Guggenheim lifted their price target on shares of Entergy from $99.00 to $103.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. Bank of America raised shares of Entergy from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $94.00 to $110.00 in a report on Tuesday, November 21st. Mizuho cut their price target on shares of Entergy from $113.00 to $105.00 and set a “buy” rating on the stock in a report on Friday, November 3rd. Royal Bank of Canada lowered shares of Entergy from an “outperform” rating to a “sector perform” rating and set a $117.00 price target on the stock. in a report on Wednesday, November 8th. Finally, Barclays lifted their price target on shares of Entergy from $99.00 to $104.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 2nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $110.82.

Get Our Latest Analysis on ETR

Entergy Profile

(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.

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Institutional Ownership by Quarter for Entergy (NYSE:ETR)

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