Delta Financial Advisors LLC Trims Stake in Entergy Co. (NYSE:ETR)

Delta Financial Advisors LLC cut its position in Entergy Co. (NYSE:ETR) by 2.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,872 shares of the utilities provider’s stock after selling 542 shares during the quarter. Delta Financial Advisors LLC’s holdings in Entergy were worth $2,213,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of ETR. EverSource Wealth Advisors LLC grew its stake in shares of Entergy by 157.1% in the third quarter. EverSource Wealth Advisors LLC now owns 270 shares of the utilities provider’s stock valued at $25,000 after buying an additional 165 shares in the last quarter. Fairfield Bush & CO. acquired a new stake in shares of Entergy in the first quarter valued at $29,000. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Entergy in the third quarter valued at $32,000. Fortis Group Advisors LLC acquired a new stake in shares of Entergy in the third quarter valued at $32,000. Finally, Harbour Investments Inc. grew its stake in shares of Entergy by 17,550.0% in the third quarter. Harbour Investments Inc. now owns 353 shares of the utilities provider’s stock valued at $33,000 after buying an additional 351 shares in the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

Entergy Stock Down 0.1 %

ETR traded down $0.10 on Thursday, hitting $103.09. 440,245 shares of the company were exchanged, compared to its average volume of 1,349,005. Entergy Co. has a twelve month low of $87.10 and a twelve month high of $109.85. The company has a market cap of $21.98 billion, a price-to-earnings ratio of 9.30, a price-to-earnings-growth ratio of 1.99 and a beta of 0.71. The company has a current ratio of 0.57, a quick ratio of 0.32 and a debt-to-equity ratio of 1.57. The firm has a 50-day moving average price of $102.31 and a two-hundred day moving average price of $99.98.

Entergy (NYSE:ETR) last released its earnings results on Thursday, February 22nd. The utilities provider reported $0.52 EPS for the quarter, hitting the consensus estimate of $0.52. The firm had revenue of $2.72 billion during the quarter, compared to analysts’ expectations of $3.27 billion. Entergy had a return on equity of 10.54% and a net margin of 19.41%. During the same period in the previous year, the firm posted $0.51 EPS. On average, equities analysts predict that Entergy Co. will post 7.22 earnings per share for the current year.

Entergy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Thursday, May 2nd will be given a dividend of $1.13 per share. The ex-dividend date is Wednesday, May 1st. This represents a $4.52 annualized dividend and a dividend yield of 4.38%. Entergy’s dividend payout ratio is currently 40.76%.

Analyst Upgrades and Downgrades

ETR has been the subject of a number of research reports. Barclays dropped their price objective on Entergy from $108.00 to $107.00 and set an “equal weight” rating for the company in a research note on Monday. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $117.00 price objective on shares of Entergy in a research note on Monday, February 26th. Finally, BMO Capital Markets boosted their target price on Entergy from $110.00 to $113.00 and gave the stock an “outperform” rating in a research note on Monday, February 26th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Entergy presently has an average rating of “Moderate Buy” and an average price target of $109.78.

Insider Transactions at Entergy

In other news, insider Deanna D. Rodriguez sold 1,500 shares of the company’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $101.23, for a total transaction of $151,845.00. Following the completion of the transaction, the insider now directly owns 3,442 shares of the company’s stock, valued at approximately $348,433.66. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Entergy news, EVP Kimberly Cook-Nelson sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $100.35, for a total transaction of $200,700.00. Following the completion of the sale, the executive vice president now directly owns 16,037 shares of the company’s stock, valued at approximately $1,609,312.95. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Deanna D. Rodriguez sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $101.23, for a total value of $151,845.00. Following the sale, the insider now directly owns 3,442 shares of the company’s stock, valued at $348,433.66. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,000 shares of company stock valued at $1,226,685. 0.39% of the stock is currently owned by corporate insiders.

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.