Carnick & Kubik Group LLC purchased a new stake in shares of Entergy Co. (NYSE:ETR) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 26,600 shares of the utilities provider’s stock, valued at approximately $2,164,000.
A number of other large investors have also recently bought and sold shares of ETR. Bank of Montreal Can raised its holdings in Entergy by 39.5% during the 4th quarter. Bank of Montreal Can now owns 2,001,135 shares of the utilities provider’s stock valued at $162,873,000 after buying an additional 567,130 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in Entergy by 12,733.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 380,643 shares of the utilities provider’s stock worth $30,981,000 after purchasing an additional 377,677 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Entergy by 27.7% in the 3rd quarter. Principal Financial Group Inc. now owns 1,152,906 shares of the utilities provider’s stock worth $88,036,000 after purchasing an additional 250,267 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec raised its holdings in Entergy by 283.2% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 326,226 shares of the utilities provider’s stock worth $25,015,000 after purchasing an additional 241,100 shares in the last quarter. Finally, Canada Pension Plan Investment Board raised its holdings in Entergy by 91.2% in the 3rd quarter. Canada Pension Plan Investment Board now owns 466,458 shares of the utilities provider’s stock worth $35,619,000 after purchasing an additional 222,500 shares in the last quarter. Institutional investors own 87.65% of the company’s stock.
In related news, SVP Alyson M. Mount sold 10,396 shares of the stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $78.50, for a total transaction of $816,086.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Haley Fisackerly sold 500 shares of the stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $78.02, for a total transaction of $39,010.00. The disclosure for this sale can be found here. Corporate insiders own 0.24% of the company’s stock.
ETR has been the subject of several research reports. Mizuho upgraded shares of Entergy from a “neutral” rating to a “buy” rating in a report on Friday, November 17th. TheStreet lowered shares of Entergy from a “b-” rating to a “c+” rating in a report on Wednesday, December 6th. Bank of America upgraded shares of Entergy from a “neutral” rating to a “buy” rating and set a $89.00 price objective for the company in a report on Tuesday, December 12th. Morgan Stanley upped their price objective on shares of Entergy from $86.00 to $88.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 13th. Finally, Guggenheim restated a “buy” rating and issued a $101.00 price objective on shares of Entergy in a report on Wednesday, January 3rd. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Entergy presently has a consensus rating of “Buy” and an average price target of $82.57.
Entergy Co. (NYSE:ETR) traded down $0.10 during trading hours on Thursday, hitting $76.66. 1,436,563 shares of the stock were exchanged, compared to its average volume of 1,510,000. The stock has a market cap of $13,860.00, a P/E ratio of 14.22, a PEG ratio of 2.33 and a beta of 0.51. The company has a quick ratio of 0.47, a current ratio of 0.65 and a debt-to-equity ratio of 1.79. Entergy Co. has a 12-month low of $71.95 and a 12-month high of $87.95.
Entergy (NYSE:ETR) last released its earnings results on Friday, February 23rd. The utilities provider reported $0.76 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.34. Entergy had a net margin of 3.81% and a return on equity of 15.79%. The firm had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.33 billion. During the same period in the prior year, the firm earned $0.31 EPS. analysts expect that Entergy Co. will post 4.77 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 1st. Investors of record on Thursday, February 8th were given a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a yield of 4.64%. The ex-dividend date of this dividend was Wednesday, February 7th. Entergy’s dividend payout ratio (DPR) is 66.05%.
Entergy Corporation is a holding company. The Company is an integrated energy company engaged in electric power production and retail electric distribution operations. The Company operates through two business segments: Utility and Entergy Wholesale Commodities. The Utility segment includes the generation, transmission, distribution and sale of electric power to retail and wholesale customers in areas of Arkansas, Mississippi, Texas and Louisiana, including the City of New Orleans and operates a natural gas distribution business.
Receive News & Ratings for Entergy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Entergy and related companies with MarketBeat.com's FREE daily email newsletter.