Entergy Co. (NYSE:ETR) Shares Sold by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. reduced its position in shares of Entergy Co. (NYSE:ETR) by 13.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 527,993 shares of the utilities provider’s stock after selling 80,382 shares during the period. Epoch Investment Partners Inc. owned approximately 0.25% of Entergy worth $55,798,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Tidemark LLC acquired a new position in Entergy during the fourth quarter worth about $25,000. Heritage Wealth Advisors grew its holdings in Entergy by 2,172.7% during the first quarter. Heritage Wealth Advisors now owns 250 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 239 shares during the period. OLD Point Trust & Financial Services N A acquired a new position in Entergy during the fourth quarter worth about $35,000. Newbridge Financial Services Group Inc. boosted its position in shares of Entergy by 40.0% in the 1st quarter. Newbridge Financial Services Group Inc. now owns 385 shares of the utilities provider’s stock valued at $41,000 after purchasing an additional 110 shares during the period. Finally, Venturi Wealth Management LLC boosted its position in shares of Entergy by 134.3% in the 1st quarter. Venturi Wealth Management LLC now owns 396 shares of the utilities provider’s stock valued at $42,000 after purchasing an additional 227 shares during the period. 88.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ETR has been the subject of a number of recent analyst reports. KeyCorp increased their price target on Entergy from $112.00 to $123.00 and gave the company an “overweight” rating in a research report on Monday, May 20th. Scotiabank decreased their price objective on Entergy from $111.00 to $104.00 and set a “sector perform” rating for the company in a research report on Monday, April 22nd. LADENBURG THALM/SH SH restated a “neutral” rating and set a $109.50 price objective (down from $117.00) on shares of Entergy in a research report on Wednesday, June 12th. BMO Capital Markets decreased their price objective on Entergy from $120.00 to $117.00 and set an “outperform” rating for the company in a research report on Monday, July 8th. Finally, Mizuho raised their price objective on Entergy from $107.00 to $114.00 and gave the stock a “buy” rating in a research report on Friday, May 31st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $113.42.

Insider Activity at Entergy

In other news, insider Haley Fisackerly sold 1,500 shares of the business’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $110.23, for a total transaction of $165,345.00. Following the completion of the sale, the insider now owns 2,479 shares in the company, valued at $273,260.17. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CAO Reginald T. Jackson sold 9,229 shares of the business’s stock in a transaction on 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 completion of the sale, the chief accounting officer now owns 2,166 shares in the company, valued at $235,465.86. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Haley Fisackerly sold 1,500 shares of the business’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $110.23, for a total value of $165,345.00. Following the sale, the insider now owns 2,479 shares of the company’s stock, valued at approximately $273,260.17. The disclosure for this sale can be found here. 0.39% of the stock is owned by insiders.

Entergy Stock Performance

NYSE ETR traded up $2.21 during trading on Friday, hitting $113.63. The company’s stock had a trading volume of 1,405,502 shares, compared to its average volume of 1,290,799. The company has a quick ratio of 0.45, a current ratio of 0.69 and a debt-to-equity ratio of 1.68. The firm has a 50 day moving average price of $108.48 and a 200 day moving average price of $105.21. The firm has a market cap of $24.26 billion, a P/E ratio of 11.40, a price-to-earnings-growth ratio of 2.15 and a beta of 0.71. Entergy Co. has a 52 week low of $87.10 and a 52 week high of $114.28.

Entergy (NYSE:ETR) last issued its quarterly earnings results on Wednesday, April 24th. The utilities provider reported $1.08 EPS for the quarter, missing the consensus estimate of $1.44 by ($0.36). The business had revenue of $31.17 billion during the quarter, compared to the consensus estimate of $3.16 billion. Entergy had a return on equity of 10.20% and a net margin of 17.75%. The business’s quarterly revenue was down .5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.14 earnings per share. Equities research analysts forecast that Entergy Co. will post 7.21 earnings per share for the current fiscal year.

Entergy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Tuesday, August 13th will be given a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.98%. Entergy’s dividend payout ratio is presently 45.34%.

Entergy 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.