Entergy Co. (NYSE:ETR) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC cut its holdings in shares of Entergy Co. (NYSE:ETR) by 72.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,441 shares of the utilities provider’s stock after selling 60,753 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Entergy were worth $3,085,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of ETR. Sigma Planning Corp grew its position in shares of Entergy by 4.7% in the third quarter. Sigma Planning Corp now owns 3,182 shares of the utilities provider’s stock valued at $419,000 after purchasing an additional 143 shares in the last quarter. Atria Investments Inc boosted its stake in Entergy by 18.3% during the third quarter. Atria Investments Inc now owns 44,802 shares of the utilities provider’s stock worth $5,896,000 after buying an additional 6,929 shares during the last quarter. Assetmark Inc. grew its holdings in Entergy by 20.1% in the 3rd quarter. Assetmark Inc. now owns 38,895 shares of the utilities provider’s stock valued at $5,119,000 after buying an additional 6,505 shares in the last quarter. Verdence Capital Advisors LLC increased its stake in shares of Entergy by 2.9% in the 3rd quarter. Verdence Capital Advisors LLC now owns 9,028 shares of the utilities provider’s stock worth $1,188,000 after acquiring an additional 254 shares during the last quarter. Finally, CWA Asset Management Group LLC purchased a new position in shares of Entergy during the 3rd quarter worth $2,030,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ETR. Argus raised shares of Entergy to a “strong-buy” rating in a research note on Wednesday, August 28th. Royal Bank of Canada upped their price objective on Entergy from $137.00 to $140.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Scotiabank lifted their target price on Entergy from $119.00 to $144.00 and gave the company a “sector perform” rating in a research report on Friday, November 1st. Bank of America cut Entergy from a “buy” rating to a “neutral” rating and increased their price target for the stock from $138.00 to $154.00 in a report on Monday, November 4th. Finally, Wells Fargo & Company boosted their price objective on shares of Entergy from $137.00 to $170.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $150.96.

Insider Transactions at Entergy

In related news, CEO Andrew S. Marsh sold 600 shares of Entergy stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $120.03, for a total value of $72,018.00. Following the completion of the transaction, the chief executive officer now owns 150,731 shares in the company, valued at $18,092,241.93. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Andrew S. Marsh sold 600 shares of the business’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $120.03, for a total transaction of $72,018.00. Following the completion of the transaction, the chief executive officer now owns 150,731 shares in the company, valued at approximately $18,092,241.93. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Eliecer Viamontes sold 200 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $147.00, for a total value of $29,400.00. Following the completion of the sale, the insider now owns 4,173 shares in the company, valued at approximately $613,431. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 36,338 shares of company stock valued at $4,460,238. 0.39% of the stock is currently owned by corporate insiders.

Entergy Trading Down 0.8 %

Shares of ETR stock opened at $149.22 on Wednesday. The stock has a market capitalization of $31.99 billion, a P/E ratio of 18.31, a price-to-earnings-growth ratio of 2.49 and a beta of 0.71. Entergy Co. has a fifty-two week low of $94.85 and a fifty-two week high of $156.85. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.59 and a current ratio of 0.89. The company has a 50 day moving average price of $132.94 and a 200 day moving average price of $119.02.

Entergy (NYSE:ETR) last posted its quarterly earnings results on Thursday, October 31st. The utilities provider reported $2.99 EPS for the quarter, topping the consensus estimate of $2.91 by $0.08. The business had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $3.46 billion. Entergy had a net margin of 14.83% and a return on equity of 9.53%. During the same quarter in the previous year, the firm posted $3.27 earnings per share. Equities research analysts predict that Entergy Co. will post 7.21 EPS for the current fiscal year.

Entergy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Wednesday, November 13th will be paid a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 3.22%. The ex-dividend date of this dividend is Wednesday, November 13th. This is a boost from Entergy’s previous quarterly dividend of $1.13. Entergy’s dividend payout ratio (DPR) is presently 55.05%.

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.