California Public Employees Retirement System Sells 3,992 Shares of Entergy Co. (NYSE:ETR)

California Public Employees Retirement System trimmed its position in shares of Entergy Co. (NYSE:ETR) by 0.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,308,170 shares of the utilities provider’s stock after selling 3,992 shares during the period. California Public Employees Retirement System owned about 0.62% of Entergy worth $132,374,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. Jennison Associates LLC bought a new position in Entergy during the 4th quarter valued at about $28,506,000. Duality Advisers LP purchased a new stake in Entergy in the 4th quarter valued at about $316,000. Brendel Financial Advisors LLC purchased a new stake in Entergy in the 4th quarter valued at about $1,782,000. CWM LLC boosted its position in Entergy by 15.6% in the 4th quarter. CWM LLC now owns 14,747 shares of the utilities provider’s stock valued at $1,492,000 after buying an additional 1,989 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in Entergy by 16.3% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 20,676 shares of the utilities provider’s stock valued at $2,092,000 after buying an additional 2,897 shares during the period. 88.07% of the stock is currently owned by institutional investors.

Insider Activity at Entergy

In related news, EVP Kimberly Cook-Nelson sold 2,000 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $100.35, for a total value of $200,700.00. Following the completion of the sale, the executive vice president now directly owns 16,037 shares of the company’s stock, valued at approximately $1,609,312.95. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, EVP Kimberly Cook-Nelson sold 2,000 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $100.35, for a total value of $200,700.00. Following the completion of the sale, the executive vice president now directly owns 16,037 shares of the company’s stock, valued at approximately $1,609,312.95. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Marcus V. Brown sold 8,500 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $102.84, for a total value of $874,140.00. Following the completion of the sale, the executive vice president now directly owns 9,911 shares of the company’s stock, valued at $1,019,247.24. The disclosure for this sale can be found here. Insiders sold a total of 12,000 shares of company stock valued at $1,226,685 in the last three months. 0.54% of the stock is currently owned by company insiders.

Entergy Trading Down 0.3 %

NYSE:ETR opened at $107.17 on Wednesday. The stock has a 50-day simple moving average of $102.96 and a 200-day simple moving average of $100.48. The stock has a market cap of $22.85 billion, a P/E ratio of 9.66, a P/E/G ratio of 2.12 and a beta of 0.71. Entergy Co. has a 1 year low of $87.10 and a 1 year high of $109.53. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.32 and a current ratio of 0.57.

Entergy (NYSE:ETR) last released its quarterly earnings data on Wednesday, April 24th. The utilities provider reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.27). The business had revenue of $31.17 billion for the quarter, compared to analyst estimates of $3.16 billion. Entergy had a return on equity of 10.54% and a net margin of 19.41%. The company’s revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.14 earnings per share. As a group, analysts anticipate that Entergy Co. will post 7.22 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Thursday, May 2nd will be given a $1.13 dividend. The ex-dividend date is Wednesday, May 1st. This represents a $4.52 dividend on an annualized basis and a dividend yield of 4.22%. Entergy’s dividend payout ratio (DPR) is presently 40.76%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Barclays dropped their price objective on Entergy from $108.00 to $107.00 and set an “equal weight” rating on the stock in a research report on Monday, April 15th. Royal Bank of Canada restated an “outperform” rating and issued a $117.00 price objective on shares of Entergy in a research report on Monday, February 26th. KeyCorp lifted their price target on Entergy from $108.00 to $112.00 and gave the stock an “overweight” rating in a research note on Friday, April 19th. BMO Capital Markets boosted their price objective on Entergy from $110.00 to $113.00 and gave the stock an “outperform” rating in a research note on Monday, February 26th. Finally, Scotiabank reduced their target price on Entergy from $111.00 to $104.00 and set a “sector perform” rating on the stock in a research report on Monday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $109.45.

About Entergy

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.