Hexagon Capital Partners LLC Sells 174 Shares of Entergy Co. (NYSE:ETR)

Hexagon Capital Partners LLC reduced its position in Entergy Co. (NYSE:ETR) by 18.5% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 766 shares of the utilities provider’s stock after selling 174 shares during the period. Hexagon Capital Partners LLC’s holdings in Entergy were worth $81,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Tidemark LLC acquired a new stake in Entergy in the 4th quarter worth approximately $25,000. Fortis Group Advisors LLC purchased a new position in Entergy during the 3rd quarter worth approximately $32,000. OLD Point Trust & Financial Services N A purchased a new position in Entergy during the 4th quarter worth approximately $35,000. Atlas Capital Advisors LLC raised its position in Entergy by 182.9% during the 1st quarter. Atlas Capital Advisors LLC now owns 396 shares of the utilities provider’s stock worth $42,000 after buying an additional 256 shares during the last quarter. Finally, CVA Family Office LLC purchased a new position in Entergy during the 4th quarter worth approximately $41,000. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on ETR. Mizuho raised their price target on shares of Entergy from $107.00 to $114.00 and gave the stock a “buy” rating in a research report on Friday, May 31st. BMO Capital Markets lifted their target price on shares of Entergy from $118.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday, June 6th. Wells Fargo & Company lifted their target price on shares of Entergy from $122.00 to $125.00 and gave the company an “overweight” rating in a report on Wednesday, June 5th. Barclays lifted their target price on shares of Entergy from $107.00 to $116.00 and gave the company an “equal weight” rating in a report on Wednesday, June 5th. Finally, LADENBURG THALM/SH SH reaffirmed a “neutral” rating and set a $109.50 target price (down from $117.00) on shares of Entergy in a report on Wednesday, June 12th. One equities 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’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $113.73.

Insider Activity at Entergy

In related news, CAO Reginald T. Jackson sold 9,229 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $108.71, for a total value of $1,003,284.59. Following the sale, the chief accounting officer now owns 2,166 shares of the company’s stock, valued at $235,465.86. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Entergy news, CAO Reginald T. Jackson sold 9,229 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were 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 in the company, valued at $235,465.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Haley Fisackerly sold 1,500 shares of the stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $110.23, for a total transaction of $165,345.00. Following the completion of the transaction, the insider now 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 corporate insiders.

Entergy Stock Down 1.2 %

Shares of ETR traded down $1.26 during mid-day trading on Monday, hitting $105.74. 1,045,530 shares of the company’s stock were exchanged, compared to its average volume of 1,535,131. The company has a market cap of $22.58 billion, a price-to-earnings ratio of 10.61, a P/E/G ratio of 2.02 and a beta of 0.71. Entergy Co. has a fifty-two week low of $87.10 and a fifty-two week high of $114.28. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.45 and a current ratio of 0.69. The stock’s 50-day moving average is $108.89 and its 200-day moving average is $104.30.

Entergy (NYSE:ETR) last issued its quarterly earnings results on Wednesday, April 24th. The utilities provider reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.44 by ($0.36). 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 10.20% and a net margin of 17.75%. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.14 EPS. On average, sell-side analysts anticipate that Entergy Co. will post 7.22 earnings per share for the current fiscal year.

Entergy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Thursday, May 2nd were given a dividend of $1.13 per share. The ex-dividend date was Wednesday, May 1st. This represents a $4.52 annualized dividend and a dividend yield of 4.27%. Entergy’s dividend payout ratio is presently 45.34%.

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.