Sumitomo Mitsui DS Asset Management Company Ltd Purchases 2,897 Shares of Entergy Co. (NYSE:ETR)

Sumitomo Mitsui DS Asset Management Company Ltd grew its position in Entergy Co. (NYSE:ETR) by 16.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,676 shares of the utilities provider’s stock after acquiring an additional 2,897 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Entergy were worth $2,092,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of ETR. EverSource Wealth Advisors LLC boosted its holdings 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 during the period. Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of Entergy during the 3rd quarter worth about $32,000. Fortis Group Advisors LLC bought a new stake in shares of Entergy during the 3rd quarter worth about $32,000. CVA Family Office LLC bought a new stake in shares of Entergy during the 4th quarter worth about $41,000. Finally, Millburn Ridgefield Corp bought a new stake in shares of Entergy during the 3rd quarter worth about $43,000. Institutional investors own 88.07% of the company’s stock.

Insider Buying and Selling

In related news, insider Deanna D. Rodriguez sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $101.23, for a total transaction of $151,845.00. Following the completion of the transaction, the insider now directly owns 3,442 shares in the company, valued at approximately $348,433.66. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Entergy news, insider Deanna D. Rodriguez sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $101.23, for a total transaction of $151,845.00. Following the sale, the insider now directly owns 3,442 shares of the company’s stock, valued at approximately $348,433.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Marcus V. Brown sold 8,500 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $102.84, for a total transaction of $874,140.00. Following the sale, the executive vice president now directly owns 9,911 shares in the company, valued at $1,019,247.24. The disclosure for this sale can be found here. Insiders sold a total of 12,000 shares of company stock worth $1,226,685 in the last three months. 0.39% of the stock is owned by corporate insiders.

Entergy Price Performance

Shares of NYSE:ETR opened at $106.46 on Thursday. The firm has a 50 day moving average of $103.13 and a 200-day moving average of $100.53. The stock has a market capitalization of $22.70 billion, a PE ratio of 9.60, a PEG ratio of 2.12 and a beta of 0.71. Entergy Co. has a 12 month low of $87.10 and a 12 month high of $109.53. The company has a current ratio of 0.57, a quick ratio of 0.32 and a debt-to-equity ratio of 1.57.

Entergy (NYSE:ETR) last released its quarterly earnings data on Wednesday, April 24th. The utilities provider reported $1.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.36). The company had revenue of $31.17 billion for the quarter, compared to analyst estimates of $3.16 billion. Entergy had a return on equity of 10.54% and a net margin of 19.41%. Entergy’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.14 earnings per share. On average, equities research analysts predict that Entergy Co. will post 7.22 EPS for the current fiscal year.

Entergy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Thursday, May 2nd will be given a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 4.25%. The ex-dividend date of this dividend is Wednesday, May 1st. Entergy’s dividend payout ratio is 40.76%.

Analyst Ratings Changes

Several brokerages have weighed in on ETR. Royal Bank of Canada reiterated an “outperform” rating and issued a $117.00 price objective on shares of Entergy in a research note on Monday, February 26th. Scotiabank dropped their price objective on shares of Entergy from $111.00 to $104.00 and set a “sector perform” rating for the company in a research note on Monday. BMO Capital Markets lifted their price objective on shares of Entergy from $110.00 to $113.00 and gave the stock an “outperform” rating in a research note on Monday, February 26th. Barclays dropped their price objective on shares of Entergy from $108.00 to $107.00 and set an “equal weight” rating for the company in a research note on Monday, April 15th. Finally, KeyCorp lifted their price objective on shares of Entergy from $108.00 to $112.00 and gave the stock an “overweight” rating in a research note on Friday, April 19th. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $109.45.

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.