US Bancorp DE Reduces Position in Entergy Co. (ETR)

US Bancorp DE reduced its holdings in Entergy Co. (NYSE:ETR) by 11.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 15,215 shares of the utilities provider’s stock after selling 2,019 shares during the quarter. US Bancorp DE’s holdings in Entergy were worth $1,238,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Dimensional Fund Advisors LP raised its position in shares of Entergy by 1.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 410,942 shares of the utilities provider’s stock worth $31,549,000 after buying an additional 4,479 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of Entergy by 346.0% during the 2nd quarter. Janus Henderson Group PLC now owns 93,363 shares of the utilities provider’s stock worth $7,168,000 after buying an additional 72,431 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in shares of Entergy by 13.2% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 14,192 shares of the utilities provider’s stock worth $1,090,000 after purchasing an additional 1,660 shares during the last quarter. Advisory Services Network LLC grew its stake in shares of Entergy by 2.1% in the 2nd quarter. Advisory Services Network LLC now owns 2,335 shares of the utilities provider’s stock worth $179,000 after purchasing an additional 49 shares during the last quarter. Finally, Mutual of America Capital Management LLC grew its stake in shares of Entergy by 4.2% in the 3rd quarter. Mutual of America Capital Management LLC now owns 36,519 shares of the utilities provider’s stock worth $2,789,000 after purchasing an additional 1,486 shares during the last quarter. Institutional investors own 88.57% of the company’s stock.

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In other news, insider Haley Fisackerly sold 500 shares of the business’s stock in a transaction on Monday, March 5th. The shares were sold at an average price of $78.02, for a total value of $39,010.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Alyson M. Mount sold 10,396 shares of the business’s stock in a transaction on Monday, March 5th. The stock was sold at an average price of $78.50, for a total transaction of $816,086.00. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by insiders.

Several equities analysts have recently issued reports on the stock. Morgan Stanley set a $76.00 price objective on shares of Entergy and gave the stock a “hold” rating in a research note on Thursday, March 8th. Wells Fargo & Co reaffirmed an “outperform” rating and issued a $90.00 price objective (down previously from $96.00) on shares of Entergy in a research note on Monday, February 26th. They noted that the move was a valuation call. Guggenheim reissued a “buy” rating and issued a $94.00 target price (up from $88.00) on shares of Entergy in a research report on Friday, February 23rd. UBS Group assumed coverage on shares of Entergy in a research report on Friday, February 2nd. They issued a “neutral” rating and a $82.00 target price on the stock. Finally, Bank of America raised shares of Entergy from a “neutral” rating to a “buy” rating and set a $89.00 target price on the stock in a research report on Tuesday, December 12th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Entergy presently has an average rating of “Buy” and a consensus target price of $82.57.

Entergy Co. (ETR) traded up $0.41 during midday trading on Wednesday, reaching $77.50. 998,519 shares of the company’s stock were exchanged, compared to its average volume of 1,490,000. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.65 and a quick ratio of 0.47. The firm has a market capitalization of $14,010.00, a PE ratio of 14.38, a PEG ratio of 1.98 and a beta of 0.51. Entergy Co. has a 1 year low of $71.95 and a 1 year high of $87.95.

Entergy (NYSE:ETR) last posted its earnings results on Friday, February 23rd. The utilities provider reported $0.76 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $2.33 billion. During the same period in the previous year, the company earned $0.31 earnings per share. analysts expect that Entergy Co. will post 5.58 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 1st. Stockholders of record on Thursday, February 8th were paid a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 4.59%. The ex-dividend date was Wednesday, February 7th. Entergy’s payout ratio is 66.05%.

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Entergy Profile

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.

Institutional Ownership by Quarter for Entergy (NYSE:ETR)

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