Neuberger Berman Group LLC Has $2.72 Million Stock Holdings in Entergy Co. (NYSE:ETR)

Neuberger Berman Group LLC lifted its stake in Entergy Co. (NYSE:ETR) by 20.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,830 shares of the utilities provider’s stock after purchasing an additional 4,634 shares during the period. Neuberger Berman Group LLC’s holdings in Entergy were worth $2,715,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. CWM LLC grew its holdings in Entergy by 15.6% during the fourth quarter. CWM LLC now owns 14,747 shares of the utilities provider’s stock valued at $1,492,000 after purchasing an additional 1,989 shares during the period. Ferguson Wellman Capital Management Inc. raised its stake in Entergy by 1.7% during the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 595,644 shares of the utilities provider’s stock worth $60,273,000 after buying an additional 9,696 shares during the period. Financial Counselors Inc. lifted its holdings in Entergy by 28.9% during the fourth quarter. Financial Counselors Inc. now owns 159,395 shares of the utilities provider’s stock worth $16,129,000 after acquiring an additional 35,718 shares in the last quarter. Brendel Financial Advisors LLC acquired a new position in Entergy in the fourth quarter valued at about $1,782,000. Finally, Los Angeles Capital Management LLC increased its holdings in shares of Entergy by 464.4% in the third quarter. Los Angeles Capital Management LLC now owns 12,044 shares of the utilities provider’s stock worth $1,114,000 after acquiring an additional 9,910 shares in the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

Entergy Trading Down 0.2 %

Shares of Entergy stock opened at $109.14 on Monday. The stock has a market cap of $23.31 billion, a P/E ratio of 10.95, a P/E/G ratio of 2.06 and a beta of 0.69. The company has a quick ratio of 0.45, a current ratio of 0.69 and a debt-to-equity ratio of 1.68. Entergy Co. has a 12-month low of $87.10 and a 12-month high of $114.28. The business’s 50 day moving average is $106.91 and its 200-day moving average is $102.97.

Entergy (NYSE:ETR) last posted its quarterly earnings results on Wednesday, April 24th. The utilities provider reported $1.08 earnings per share (EPS) 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 firm had revenue of $31.17 billion for the quarter, compared to the consensus estimate of $3.16 billion. During the same period last year, the company posted $1.14 earnings per share. The business’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 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders 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 4.14%. The ex-dividend date of this dividend is Wednesday, May 1st. Entergy’s dividend payout ratio (DPR) is presently 45.34%.

Insider Buying and Selling at Entergy

In other news, CAO Reginald T. Jackson sold 9,229 shares of Entergy stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $108.71, for a total transaction of $1,003,284.59. Following the completion of the transaction, the chief accounting officer now directly owns 2,166 shares in the company, valued at approximately $235,465.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Kimberly Cook-Nelson sold 2,000 shares of the business’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $100.35, for a total value of $200,700.00. Following the completion of the sale, the executive vice president now directly owns 16,037 shares in the company, valued at approximately $1,609,312.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Reginald T. Jackson sold 9,229 shares of the 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 owns 2,166 shares in the company, valued at approximately $235,465.86. The disclosure for this sale can be found here. Insiders have sold 22,729 shares of company stock worth $2,395,315 over the last 90 days. Company insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.