Entergy Corporation (NYSE:ETR) Shares Sold by Ausbil Investment Management Ltd

Ausbil Investment Management Ltd lessened its stake in Entergy Corporation (NYSE:ETR) by 6.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 90,721 shares of the utilities provider’s stock after selling 6,497 shares during the quarter. Entergy accounts for about 4.2% of Ausbil Investment Management Ltd’s holdings, making the stock its 6th biggest position. Ausbil Investment Management Ltd’s holdings in Entergy were worth $6,956,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Thrivent Financial for Lutherans raised its position in Entergy by 21.4% during the third quarter. Thrivent Financial for Lutherans now owns 986,546 shares of the utilities provider’s stock valued at $129,840,000 after acquiring an additional 174,093 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of Entergy by 40.7% during the 3rd quarter. Empowered Funds LLC now owns 18,597 shares of the utilities provider’s stock valued at $2,448,000 after purchasing an additional 5,381 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of Entergy by 4.0% in the 3rd quarter. Principal Financial Group Inc. now owns 280,262 shares of the utilities provider’s stock valued at $36,885,000 after purchasing an additional 10,697 shares during the last quarter. Thompson Siegel & Walmsley LLC bought a new stake in Entergy in the third quarter worth $32,541,000. Finally, StoneX Group Inc. increased its position in Entergy by 34.9% during the third quarter. StoneX Group Inc. now owns 19,152 shares of the utilities provider’s stock worth $2,521,000 after buying an additional 4,958 shares during the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Entergy Stock Down 0.0 %

ETR stock opened at $81.17 on Friday. Entergy Corporation has a twelve month low of $48.08 and a twelve month high of $84.26. The company has a quick ratio of 0.59, a current ratio of 0.89 and a debt-to-equity ratio of 1.77. The company has a market cap of $34.81 billion, a PE ratio of 19.77, a price-to-earnings-growth ratio of 2.44 and a beta of 0.71. The business’s 50-day simple moving average is $77.11 and its 200 day simple moving average is $68.51.

Entergy (NYSE:ETR) last announced its quarterly earnings data on Thursday, October 31st. The utilities provider reported $1.50 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.04. The company had revenue of $3.39 billion for the quarter, compared to analyst estimates of $3.46 billion. Entergy had a return on equity of 9.53% and a net margin of 14.83%. During the same quarter last year, the firm earned $1.64 EPS. On average, research analysts anticipate that Entergy Corporation will post 3.59 earnings per share for the current year.

Entergy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 10th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.96%. Entergy’s dividend payout ratio is 58.47%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Scotiabank reduced their price target on Entergy from $165.00 to $82.00 and set a “sector perform” rating for the company in a research report on Tuesday, January 7th. Morgan Stanley upgraded Entergy from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $58.00 to $75.00 in a report on Monday, November 4th. LADENBURG THALM/SH SH upgraded Entergy from a “neutral” rating to a “buy” rating and set a $86.50 price target on the stock in a report on Thursday. Mizuho boosted their price objective on shares of Entergy from $69.00 to $82.50 and gave the stock an “outperform” rating in a research note on Monday, November 4th. Finally, Barclays upped their price objective on shares of Entergy from $68.50 to $76.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Five research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Entergy has a consensus rating of “Moderate Buy” and a consensus price target of $79.81.

Insider Transactions at Entergy

In related news, insider Haley Fisackerly sold 8,268 shares of the business’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $74.52, for a total value of $616,090.02. Following the sale, the insider now owns 4,032 shares of the company’s stock, valued at $300,444.48. The trade was a 67.22 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Deanna D. Rodriguez sold 6,088 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $73.94, for a total value of $450,146.72. Following the transaction, the insider now owns 3,952 shares of the company’s stock, valued at $292,210.88. This represents a 60.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 14,756 shares of company stock valued at $1,095,637. Company insiders own 0.39% of the company’s stock.

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.