SageView Advisory Group LLC Has $759,000 Position in Entergy Co. (NYSE:ETR)

SageView Advisory Group LLC boosted its stake in shares of Entergy Co. (NYSE:ETR) by 5.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 7,575 shares of the utilities provider’s stock after buying an additional 406 shares during the quarter. SageView Advisory Group LLC’s holdings in Entergy were worth $759,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ETR. FMR LLC lifted its holdings in Entergy by 64.4% during the 3rd quarter. FMR LLC now owns 4,562,369 shares of the utilities provider’s stock worth $422,019,000 after buying an additional 1,787,977 shares during the period. Norges Bank acquired a new position in shares of Entergy in the 4th quarter valued at about $127,675,000. Franklin Resources Inc. increased its position in Entergy by 25.2% in the 4th quarter. Franklin Resources Inc. now owns 3,961,859 shares of the utilities provider’s stock valued at $400,901,000 after buying an additional 796,316 shares in the last quarter. ClearBridge Investments Ltd increased its position in Entergy by 29.3% in the 4th quarter. ClearBridge Investments Ltd now owns 3,115,468 shares of the utilities provider’s stock valued at $315,254,000 after buying an additional 706,059 shares in the last quarter. Finally, Bank of Nova Scotia grew its holdings in shares of Entergy by 2,786.9% in the third quarter. Bank of Nova Scotia now owns 492,613 shares of the utilities provider’s stock valued at $45,567,000 after acquiring an additional 475,549 shares in the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ETR has been the subject of several recent analyst reports. KeyCorp upped their target price on Entergy from $112.00 to $123.00 and gave the company an “overweight” rating in a report on Monday, May 20th. BMO Capital Markets upped their target price on Entergy from $110.00 to $113.00 and gave the company an “outperform” rating in a report on Monday, February 26th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $117.00 target price on shares of Entergy in a report on Monday, February 26th. Scotiabank reduced their target price on Entergy from $111.00 to $104.00 and set a “sector perform” rating for the company in a report on Monday, April 22nd. Finally, Barclays reduced their target price on Entergy from $108.00 to $107.00 and set an “equal weight” rating for the company 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 issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $110.45.

Entergy Stock Down 0.2 %

ETR opened at $109.14 on Monday. The company 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 business’s 50-day moving average price is $106.91 and its 200-day moving average price is $102.97. The company has a current ratio of 0.69, a quick ratio of 0.45 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.

Entergy (NYSE:ETR) last announced its quarterly earnings results 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 business had revenue of $31.17 billion for the quarter, compared to analysts’ expectations of $3.16 billion. Entergy had a net margin of 17.75% and a return on equity of 10.20%. The firm’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.14 EPS. On average, equities analysts expect that Entergy Co. will post 7.23 EPS for the current year.

Entergy Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, May 1st. This represents a $4.52 annualized dividend and a yield of 4.14%. Entergy’s payout ratio is 45.34%.

Insider Transactions at Entergy

In other news, insider Deanna D. Rodriguez sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $101.23, for a total value 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 sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CAO Reginald T. Jackson sold 9,229 shares of the business’s stock in a transaction that occurred 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 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 document filed with the SEC, which is available through this hyperlink. Also, insider Deanna D. Rodriguez sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was 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 owns 3,442 shares of the company’s stock, valued at $348,433.66. The disclosure for this sale can be found here. Insiders have sold a total of 22,729 shares of company stock valued at $2,395,315 in the last ninety days. 0.54% of the stock is currently owned by corporate insiders.

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.