SVB Wealth LLC boosted its position in shares of Entergy Co. (NYSE:ETR – Free Report) by 22.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,850 shares of the utilities provider’s stock after buying an additional 704 shares during the quarter. SVB Wealth LLC’s holdings in Entergy were worth $407,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also bought and sold shares of the company. Energy Income Partners LLC lifted its holdings in shares of Entergy by 28.6% in the 1st quarter. Energy Income Partners LLC now owns 397,407 shares of the utilities provider’s stock worth $41,998,000 after acquiring an additional 88,342 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in Entergy by 1.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 327,979 shares of the utilities provider’s stock worth $34,662,000 after purchasing an additional 4,397 shares during the period. Magnetar Financial LLC raised its position in Entergy by 39.4% in the 1st quarter. Magnetar Financial LLC now owns 41,630 shares of the utilities provider’s stock worth $4,399,000 after purchasing an additional 11,767 shares during the period. Capital Research Global Investors lifted its stake in Entergy by 22.5% in the first quarter. Capital Research Global Investors now owns 2,753,248 shares of the utilities provider’s stock worth $290,963,000 after purchasing an additional 505,705 shares during the last quarter. Finally, Capital International Investors boosted its position in shares of Entergy by 64.2% during the first quarter. Capital International Investors now owns 4,170,045 shares of the utilities provider’s stock valued at $440,690,000 after buying an additional 1,630,057 shares during the period. Institutional investors own 88.07% of the company’s stock.
Insider Activity
In related news, CAO Reginald T. Jackson sold 9,229 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $108.71, for a total transaction of $1,003,284.59. Following the completion of the transaction, 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 is available at the SEC website. In other news, CAO Reginald T. Jackson sold 9,229 shares of the company’s stock in a transaction dated Monday, May 6th. The stock was 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 in the company, valued at $235,465.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Haley Fisackerly sold 1,500 shares of Entergy stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $110.23, for a total value of $165,345.00. Following the transaction, the insider now owns 2,479 shares of the company’s stock, valued at $273,260.17. The disclosure for this sale can be found here. Insiders own 0.39% of the company’s stock.
Analyst Ratings Changes
Check Out Our Latest Stock Analysis on ETR
Entergy Stock Performance
Shares of NYSE ETR traded up $1.00 during mid-day trading on Tuesday, hitting $115.36. The stock had a trading volume of 279,150 shares, compared to its average volume of 1,497,629. The firm has a market cap of $24.63 billion, a PE ratio of 11.47, a PEG ratio of 2.15 and a beta of 0.71. 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 company has a 50 day moving average of $108.51 and a two-hundred day moving average of $105.30. Entergy Co. has a twelve month low of $87.10 and a twelve month high of $115.47.
Entergy Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 13th will be paid a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 3.92%. The ex-dividend date is Tuesday, August 13th. Entergy’s payout ratio is 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.
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