Diversified Trust Co Has $360,000 Stock Holdings in Entergy Co. (NYSE:ETR)

Diversified Trust Co trimmed its stake in shares of Entergy Co. (NYSE:ETR) by 91.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,736 shares of the utilities provider’s stock after selling 30,995 shares during the quarter. Diversified Trust Co’s holdings in Entergy were worth $360,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Ameriprise Financial Inc. raised its stake in shares of Entergy by 47.1% during the second quarter. Ameriprise Financial Inc. now owns 6,479,044 shares of the utilities provider’s stock valued at $693,260,000 after acquiring an additional 2,075,776 shares during the last quarter. Capital International Investors grew its position in shares of Entergy by 64.2% in the 1st 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 last quarter. Millennium Management LLC increased its stake in shares of Entergy by 185.5% in the second quarter. Millennium Management LLC now owns 1,876,672 shares of the utilities provider’s stock valued at $200,804,000 after buying an additional 1,219,419 shares during the period. Confluence Investment Management LLC acquired a new position in shares of Entergy in the 1st quarter worth approximately $92,257,000. Finally, Barrow Hanley Mewhinney & Strauss LLC boosted its position in Entergy by 12.4% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,926,492 shares of the utilities provider’s stock valued at $741,135,000 after acquiring an additional 763,834 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Entergy Stock Performance

Shares of Entergy stock opened at $129.06 on Friday. The company has a 50 day moving average price of $123.57 and a 200 day moving average price of $113.44. Entergy Co. has a 52 week low of $90.78 and a 52 week high of $133.38. The company has a quick ratio of 0.62, a current ratio of 0.94 and a debt-to-equity ratio of 1.81. The firm has a market capitalization of $27.56 billion, a P/E ratio of 12.94, a PEG ratio of 2.46 and a beta of 0.74.

Entergy (NYSE:ETR) last posted its earnings results on Thursday, August 1st. The utilities provider reported $1.92 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $0.16. Entergy had a return on equity of 10.10% and a net margin of 14.75%. The firm had revenue of $2.95 billion for the quarter, compared to analysts’ expectations of $2.98 billion. During the same period last year, the firm earned $1.84 EPS. Sell-side analysts expect that Entergy Co. will post 7.22 EPS for the current year.

Entergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Tuesday, August 13th were issued a $1.13 dividend. The ex-dividend date of this dividend was Tuesday, August 13th. This represents a $4.52 annualized dividend and a dividend yield of 3.50%. Entergy’s dividend payout ratio is presently 45.34%.

Insider Transactions at Entergy

In other Entergy news, CEO Andrew S. Marsh sold 3,200 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $121.46, for a total value of $388,672.00. Following the sale, the chief executive officer now directly owns 150,731 shares in the company, valued at $18,307,787.26. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Andrew S. Marsh sold 3,200 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $121.46, for a total value of $388,672.00. Following the completion of the sale, the chief executive officer now directly owns 150,731 shares of the company’s stock, valued at $18,307,787.26. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Andrew S. Marsh sold 600 shares of Entergy stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $120.03, for a total transaction of $72,018.00. Following the sale, the chief executive officer now owns 150,731 shares of the company’s stock, valued at approximately $18,092,241.93. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 50,810 shares of company stock valued at $6,140,626. 0.39% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ETR. BMO Capital Markets raised their price target on shares of Entergy from $124.00 to $131.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Wells Fargo & Company boosted their price objective on Entergy from $125.00 to $137.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Scotiabank increased their target price on Entergy from $115.00 to $119.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 20th. Barclays dropped their price objective on shares of Entergy from $138.00 to $137.00 and set an “overweight” rating on the stock in a research note on Monday. Finally, Bank of America boosted their price objective on Entergy from $135.00 to $138.00 and gave the stock a “buy” rating in a report on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $128.50.

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.