Intech Investment Management LLC Sells 5,116 Shares of Entergy Corporation (NYSE:ETR)

Intech Investment Management LLC lessened its holdings in shares of Entergy Corporation (NYSE:ETR) by 13.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,079 shares of the utilities provider’s stock after selling 5,116 shares during the period. Intech Investment Management LLC’s holdings in Entergy were worth $4,354,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. OneDigital Investment Advisors LLC raised its holdings in Entergy by 2.1% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 3,427 shares of the utilities provider’s stock worth $451,000 after buying an additional 69 shares during the period. Bank & Trust Co raised its holdings in shares of Entergy by 12.8% during the third quarter. Bank & Trust Co now owns 795 shares of the utilities provider’s stock worth $105,000 after acquiring an additional 90 shares during the period. Prossimo Advisors LLC lifted its position in Entergy by 1.5% in the 3rd quarter. Prossimo Advisors LLC now owns 5,971 shares of the utilities provider’s stock valued at $786,000 after acquiring an additional 90 shares in the last quarter. HBK Sorce Advisory LLC boosted its stake in Entergy by 2.3% in the 2nd quarter. HBK Sorce Advisory LLC now owns 4,075 shares of the utilities provider’s stock worth $436,000 after purchasing an additional 92 shares during the period. Finally, Alliance Wealth Advisors LLC increased its holdings in Entergy by 3.7% during the 3rd quarter. Alliance Wealth Advisors LLC now owns 2,591 shares of the utilities provider’s stock worth $341,000 after purchasing an additional 92 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Andrew S. Marsh sold 600 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $120.03, for a total value of $72,018.00. Following the transaction, the chief executive officer now owns 150,731 shares of the company’s stock, valued at approximately $18,092,241.93. This represents a 0.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Eliecer Viamontes sold 200 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $147.00, for a total value of $29,400.00. Following the transaction, the insider now owns 4,173 shares in the company, valued at approximately $613,431. This trade represents a 4.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 40,472 shares of company stock valued at $5,076,328 over the last ninety days. 0.39% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on ETR shares. UBS Group boosted their price target on Entergy from $143.00 to $144.00 and gave the company a “buy” rating in a report on Friday, September 20th. Barclays boosted their target price on Entergy from $137.00 to $152.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Royal Bank of Canada raised their price target on shares of Entergy from $137.00 to $140.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Mizuho boosted their price objective on shares of Entergy from $138.00 to $165.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. Finally, KeyCorp increased their target price on shares of Entergy from $143.00 to $162.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Five investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Entergy presently has an average rating of “Moderate Buy” and a consensus target price of $150.42.

Entergy Stock Down 0.3 %

Shares of ETR stock opened at $151.06 on Friday. Entergy Corporation has a 52-week low of $96.15 and a 52-week high of $156.85. The stock has a market cap of $32.39 billion, a price-to-earnings ratio of 18.40, a PEG ratio of 2.50 and a beta of 0.71. The firm’s 50-day moving average is $137.74 and its 200-day moving average is $121.50. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.59 and a current ratio of 0.89.

Entergy (NYSE:ETR) last released its quarterly earnings data on Thursday, October 31st. The utilities provider reported $2.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.91 by $0.08. Entergy had a return on equity of 9.53% and a net margin of 14.83%. The firm had revenue of $3.39 billion for the quarter, compared to analyst estimates of $3.46 billion. During the same quarter in the prior year, the company earned $3.27 earnings per share. Sell-side analysts predict that Entergy Corporation will post 7.21 EPS for the current year.

Entergy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Wednesday, November 13th will be given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 3.18%. This is a boost from Entergy’s previous quarterly dividend of $1.13. The ex-dividend date is Wednesday, November 13th. Entergy’s payout ratio is 58.47%.

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.