Quadrature Capital Ltd Raises Holdings in Entergy Co. (NYSE:ETR)

Quadrature Capital Ltd boosted its stake in shares of Entergy Co. (NYSE:ETRFree Report) by 167.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,400 shares of the utilities provider’s stock after acquiring an additional 12,777 shares during the quarter. Quadrature Capital Ltd’s holdings in Entergy were worth $2,065,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of ETR. CWM LLC raised its position in Entergy by 15.6% during the 4th 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 last quarter. Ferguson Wellman Capital Management Inc. raised its position in shares of Entergy by 1.7% in the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 595,644 shares of the utilities provider’s stock worth $60,273,000 after acquiring an additional 9,696 shares in the last quarter. Financial Counselors Inc. raised its position in shares of Entergy by 28.9% in the 4th 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 bought a new position in shares of Entergy in the 4th quarter worth approximately $1,782,000. Finally, Cetera Advisor Networks LLC raised its position in shares of Entergy by 11.1% in the 4th quarter. Cetera Advisor Networks LLC now owns 55,261 shares of the utilities provider’s stock worth $5,592,000 after acquiring an additional 5,509 shares in the last quarter. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CAO Reginald T. Jackson sold 9,229 shares of the firm’s 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 directly owns 2,166 shares of the company’s stock, valued at approximately $235,465.86. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Entergy news, CAO Reginald T. Jackson sold 9,229 shares of the firm’s stock in a transaction dated 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 sale, the chief accounting officer now directly owns 2,166 shares of the company’s stock, valued at $235,465.86. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Haley Fisackerly sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $110.23, for a total value of $165,345.00. Following the sale, the insider now directly owns 2,479 shares in the company, valued at $273,260.17. The disclosure for this sale can be found here. 0.54% of the stock is owned by insiders.

Entergy Stock Performance

ETR stock opened at $106.39 on Tuesday. The company has a market cap of $22.72 billion, a P/E ratio of 10.67, a price-to-earnings-growth ratio of 2.02 and a beta of 0.73. Entergy Co. has a 1 year low of $87.10 and a 1 year high of $114.28. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.69 and a quick ratio of 0.45. The stock’s fifty day moving average price is $108.40 and its 200-day moving average price is $104.02.

Entergy (NYSE:ETRGet Free Report) last announced its earnings results on Wednesday, April 24th. The utilities provider reported $1.08 EPS for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.36). Entergy had a return on equity of 10.20% and a net margin of 17.75%. The company had revenue of $31.17 billion during the quarter, compared to the consensus estimate of $3.16 billion. During the same period in the prior year, the business posted $1.14 earnings per share. Entergy’s revenue for the quarter was down .5% compared to the same quarter last year. On average, equities analysts forecast that Entergy Co. will post 7.23 earnings per share for the current year.

Entergy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Thursday, May 2nd were issued a $1.13 dividend. The ex-dividend date of this dividend was Wednesday, May 1st. This represents a $4.52 dividend on an annualized basis and a yield of 4.25%. Entergy’s dividend payout ratio is currently 45.34%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. KeyCorp increased their target price on Entergy from $112.00 to $123.00 and gave the stock an “overweight” rating in a research report on Monday, May 20th. Mizuho upped their price target on Entergy from $107.00 to $114.00 and gave the stock a “buy” rating in a research note on Friday, May 31st. Morgan Stanley upped their price target on Entergy from $94.00 to $103.00 and gave the stock an “underweight” rating in a research note on Tuesday, May 28th. Wells Fargo & Company upped their price target on Entergy from $122.00 to $125.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 5th. Finally, Scotiabank cut their price target on Entergy from $111.00 to $104.00 and set a “sector perform” rating on the stock in a research note on Monday, April 22nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $114.12.

Check Out Our Latest Report on ETR

Entergy Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Entergy (NYSE:ETR)

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