Calamos Advisors LLC Decreases Stake in Entergy Co. (NYSE:ETR)

Calamos Advisors LLC lowered its stake in Entergy Co. (NYSE:ETR) by 1.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 86,103 shares of the utilities provider’s stock after selling 1,124 shares during the period. Calamos Advisors LLC’s holdings in Entergy were worth $8,713,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in ETR. Fairfield Bush & CO. purchased a new position in shares of Entergy in the first quarter worth $29,000. Dimensional Fund Advisors LP raised its holdings in shares of Entergy by 1.8% in the first quarter. Dimensional Fund Advisors LP now owns 637,493 shares of the utilities provider’s stock worth $74,429,000 after buying an additional 11,568 shares during the last quarter. Blair William & Co. IL raised its holdings in shares of Entergy by 20.0% in the first quarter. Blair William & Co. IL now owns 44,607 shares of the utilities provider’s stock worth $5,208,000 after buying an additional 7,434 shares during the last quarter. Sei Investments Co. raised its holdings in shares of Entergy by 52.8% in the first quarter. Sei Investments Co. now owns 189,102 shares of the utilities provider’s stock worth $22,074,000 after buying an additional 65,376 shares during the last quarter. Finally, Allianz Asset Management GmbH raised its holdings in shares of Entergy by 37.7% during the first quarter. Allianz Asset Management GmbH now owns 288,794 shares of the utilities provider’s stock worth $33,717,000 after purchasing an additional 79,137 shares during the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on ETR shares. BMO Capital Markets raised their target price on shares of Entergy from $110.00 to $113.00 and gave the stock an “outperform” rating in a report on Monday, February 26th. KeyCorp raised their target price on shares of Entergy from $108.00 to $112.00 and gave the stock an “overweight” rating in a report on Friday. Royal Bank of Canada reissued an “outperform” rating and set a $117.00 target price on shares of Entergy in a report on Monday, February 26th. Finally, Barclays reduced their target price on shares of Entergy from $108.00 to $107.00 and set an “equal weight” rating for the company in a report on Monday, April 15th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Entergy has an average rating of “Moderate Buy” and a consensus target price of $110.00.

Insider Activity

In other news, EVP Kimberly Cook-Nelson sold 2,000 shares of Entergy stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $100.35, for a total value of $200,700.00. Following the sale, the executive vice president now owns 16,037 shares in the company, valued at $1,609,312.95. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, insider Deanna D. Rodriguez sold 1,500 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $101.23, for a total transaction of $151,845.00. Following the transaction, the insider now directly owns 3,442 shares in the company, valued at $348,433.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kimberly Cook-Nelson sold 2,000 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $100.35, for a total transaction of $200,700.00. Following the transaction, the executive vice president now owns 16,037 shares in the company, valued at $1,609,312.95. The disclosure for this sale can be found here. Insiders have sold a total of 12,000 shares of company stock worth $1,226,685 over the last 90 days. 0.39% of the stock is currently owned by company insiders.

Entergy Stock Up 2.9 %

ETR stock opened at $106.77 on Friday. The firm has a market cap of $22.77 billion, a PE ratio of 9.63, a P/E/G ratio of 2.05 and a beta of 0.71. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.32 and a current ratio of 0.57. The firm’s fifty day moving average is $102.62 and its 200 day moving average is $100.13. Entergy Co. has a one year low of $87.10 and a one year high of $109.70.

Entergy (NYSE:ETR) last released its quarterly earnings results on Thursday, February 22nd. The utilities provider reported $0.52 EPS for the quarter, meeting the consensus estimate of $0.52. Entergy had a net margin of 19.41% and a return on equity of 10.54%. The company had revenue of $2.72 billion for the quarter, compared to analyst estimates of $3.27 billion. During the same quarter last year, the business earned $0.51 earnings per share. On average, research analysts forecast that Entergy Co. will post 7.22 EPS for the current year.

Entergy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Thursday, May 2nd will be given a $1.13 dividend. The ex-dividend date of this dividend is Wednesday, May 1st. This represents a $4.52 annualized dividend and a dividend yield of 4.23%. Entergy’s dividend payout ratio (DPR) is 40.76%.

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.