Quadrant Capital Group LLC Sells 233 Shares of Entergy Co. (NYSE:ETR)

Quadrant Capital Group LLC lowered its position in Entergy Co. (NYSE:ETR) by 19.6% during the 4th quarter, HoldingsChannel reports. The fund owned 956 shares of the utilities provider’s stock after selling 233 shares during the period. Quadrant Capital Group LLC’s holdings in Entergy were worth $97,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in ETR. Orion Portfolio Solutions LLC lifted its stake in Entergy by 4.6% in the third quarter. Orion Portfolio Solutions LLC now owns 3,411 shares of the utilities provider’s stock worth $316,000 after purchasing an additional 151 shares during the last quarter. M&T Bank Corp grew its holdings in shares of Entergy by 10.0% in the third quarter. M&T Bank Corp now owns 11,122 shares of the utilities provider’s stock worth $1,029,000 after purchasing an additional 1,010 shares during the last quarter. Principal Financial Group Inc. increased its stake in Entergy by 5.7% in the 3rd quarter. Principal Financial Group Inc. now owns 267,675 shares of the utilities provider’s stock worth $24,760,000 after buying an additional 14,320 shares during the period. Larson Financial Group LLC bought a new stake in shares of Entergy during the third quarter valued at approximately $83,000. Finally, Nomura Asset Management Co. Ltd. grew its stake in Entergy by 0.8% in the third quarter. Nomura Asset Management Co. Ltd. now owns 56,840 shares of the utilities provider’s stock worth $5,258,000 after purchasing an additional 456 shares in the last quarter. Institutional investors own 88.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on ETR shares. BMO Capital Markets upped their target price on Entergy from $110.00 to $113.00 and gave the stock an “outperform” rating in a report on Monday, February 26th. KeyCorp upped their price objective on shares of Entergy from $112.00 to $123.00 and gave the stock an “overweight” rating in a research note on Monday, May 20th. Royal Bank of Canada reissued an “outperform” rating and set a $117.00 target price on shares of Entergy in a research report on Monday, February 26th. Scotiabank lowered their price target on shares of Entergy from $111.00 to $104.00 and set a “sector perform” rating for the company in a research report on Monday, April 22nd. Finally, Barclays cut their price objective on shares of Entergy from $108.00 to $107.00 and set an “equal weight” rating on the stock in a report on Monday, April 15th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $110.45.

Insider Transactions at Entergy

In related news, CAO Reginald T. Jackson sold 9,229 shares of the company’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $108.71, for a total value of $1,003,284.59. Following the transaction, the chief accounting officer now directly owns 2,166 shares of the company’s stock, valued at approximately $235,465.86. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CAO Reginald T. Jackson sold 9,229 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $108.71, for a total value of $1,003,284.59. Following the sale, the chief accounting officer now directly owns 2,166 shares of the company’s stock, valued at approximately $235,465.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Kimberly Cook-Nelson sold 2,000 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $100.35, for a total transaction of $200,700.00. Following the transaction, the executive vice president now directly owns 16,037 shares of the company’s stock, valued at approximately $1,609,312.95. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 22,729 shares of company stock worth $2,395,315. Company insiders own 0.39% of the company’s stock.

Entergy Stock Performance

Shares of ETR opened at $109.14 on Friday. Entergy Co. has a 12 month low of $87.10 and a 12 month high of $114.28. The stock has a fifty day moving average price of $106.91 and a 200-day moving average price of $102.89. The company has a current ratio of 0.69, a quick ratio of 0.45 and a debt-to-equity ratio of 1.68. The firm has a market cap of $23.31 billion, a PE ratio of 10.95, a P/E/G ratio of 2.06 and a beta of 0.69.

Entergy (NYSE:ETR) last issued its quarterly earnings results on Wednesday, April 24th. The utilities provider reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.44 by ($0.36). Entergy had a return on equity of 10.20% and a net margin of 17.75%. The business had revenue of $31.17 billion during the quarter, compared to analyst estimates of $3.16 billion. During the same period in the prior year, the business posted $1.14 EPS. Entergy’s revenue was down .5% compared to the same quarter last year. Equities research analysts predict that Entergy Co. will post 7.23 earnings per share for the current fiscal year.

Entergy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Thursday, May 2nd will be issued a $1.13 dividend. The ex-dividend date of this dividend is Wednesday, May 1st. This represents a $4.52 dividend on an annualized basis and a dividend yield of 4.14%. Entergy’s dividend payout ratio is currently 45.34%.

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.