Entergy Co. (NYSE:ETR) Position Increased by Russell Investments Group Ltd.

Russell Investments Group Ltd. raised its holdings in shares of Entergy Co. (NYSE:ETR) by 5.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 945,699 shares of the utilities provider’s stock after purchasing an additional 46,821 shares during the period. Russell Investments Group Ltd.’s holdings in Entergy were worth $95,594,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Wealth Alliance boosted its holdings in shares of Entergy by 1.2% during the fourth quarter. Wealth Alliance now owns 8,201 shares of the utilities provider’s stock valued at $830,000 after acquiring an additional 101 shares during the period. Marino Stram & Associates LLC boosted its holdings in shares of Entergy by 1.8% during the fourth quarter. Marino Stram & Associates LLC now owns 5,778 shares of the utilities provider’s stock valued at $585,000 after acquiring an additional 102 shares during the period. Brown Advisory Inc. boosted its holdings in shares of Entergy by 5.1% during the third quarter. Brown Advisory Inc. now owns 2,353 shares of the utilities provider’s stock valued at $218,000 after acquiring an additional 115 shares during the period. Stratos Wealth Partners LTD. boosted its holdings in shares of Entergy by 1.9% during the fourth quarter. Stratos Wealth Partners LTD. now owns 6,657 shares of the utilities provider’s stock valued at $674,000 after acquiring an additional 124 shares during the period. Finally, Verdence Capital Advisors LLC boosted its holdings in shares of Entergy by 1.7% during the fourth quarter. Verdence Capital Advisors LLC now owns 7,945 shares of the utilities provider’s stock valued at $804,000 after acquiring an additional 131 shares during the period. Institutional investors own 88.07% of the company’s stock.

Insiders Place Their Bets

In other Entergy news, EVP Marcus V. Brown sold 8,500 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $102.84, for a total transaction of $874,140.00. Following the sale, the executive vice president now owns 9,911 shares in the company, valued at approximately $1,019,247.24. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, EVP Kimberly Cook-Nelson sold 2,000 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $100.35, for a total value 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 $1,609,312.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Marcus V. Brown sold 8,500 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $102.84, for a total transaction of $874,140.00. Following the transaction, the executive vice president now directly owns 9,911 shares in the company, valued at $1,019,247.24. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,000 shares of company stock worth $1,226,685. Company insiders own 0.39% of the company’s stock.

Entergy Price Performance

Entergy stock traded down $1.03 during midday trading on Friday, hitting $106.50. The company’s stock had a trading volume of 2,144,889 shares, compared to its average volume of 1,560,942. The company has a quick ratio of 0.32, a current ratio of 0.69 and a debt-to-equity ratio of 1.68. The stock’s 50-day moving average price is $103.41 and its 200-day moving average price is $100.72. Entergy Co. has a 12 month low of $87.10 and a 12 month high of $108.81. The company has a market capitalization of $22.71 billion, a PE ratio of 10.68, a price-to-earnings-growth ratio of 2.10 and a beta of 0.71.

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%. Entergy’s revenue was down .5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.14 earnings per share. Analysts anticipate that Entergy Co. will post 7.22 earnings per share for the current fiscal year.

Entergy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Thursday, May 2nd will be issued a dividend of $1.13 per share. The ex-dividend date of this dividend is Wednesday, May 1st. This represents a $4.52 annualized dividend and a yield of 4.24%. Entergy’s payout ratio is presently 45.34%.

Wall Street Analyst Weigh In

ETR has been the subject of several analyst reports. Royal Bank of Canada reissued an “outperform” rating and set a $117.00 price target on shares of Entergy in a report on Monday, February 26th. Scotiabank reduced their price objective on shares of Entergy from $111.00 to $104.00 and set a “sector perform” rating for the company in a report on Monday, April 22nd. Barclays reduced their price objective on shares of Entergy from $108.00 to $107.00 and set an “equal weight” rating for the company in a report on Monday, April 15th. BMO Capital Markets upped their price objective on shares of Entergy from $110.00 to $113.00 and gave the stock an “outperform” rating in a report on Monday, February 26th. Finally, KeyCorp upped their price objective on shares of Entergy from $108.00 to $112.00 and gave the stock an “overweight” rating in a report on Friday, April 19th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $109.45.

About Entergy

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.