Entergy Co. (NYSE:ETR) Holdings Decreased by Kentucky Retirement Systems

Kentucky Retirement Systems decreased its holdings in shares of Entergy Co. (NYSE:ETR) by 5.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,060 shares of the utilities provider’s stock after selling 860 shares during the quarter. Kentucky Retirement Systems’ holdings in Entergy were worth $1,697,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Raymond James Financial Services Advisors Inc. boosted its position in Entergy by 2.2% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 51,028 shares of the utilities provider’s stock valued at $5,163,000 after purchasing an additional 1,077 shares during the last quarter. Pacer Advisors Inc. boosted its position in Entergy by 8.9% during the fourth quarter. Pacer Advisors Inc. now owns 13,990 shares of the utilities provider’s stock valued at $1,416,000 after purchasing an additional 1,142 shares during the last quarter. IFG Advisory LLC lifted its position in shares of Entergy by 3.8% in the fourth quarter. IFG Advisory LLC now owns 3,782 shares of the utilities provider’s stock worth $383,000 after buying an additional 140 shares during the last quarter. Fifth Third Bancorp lifted its position in shares of Entergy by 17.2% in the fourth quarter. Fifth Third Bancorp now owns 8,612 shares of the utilities provider’s stock worth $871,000 after buying an additional 1,263 shares during the last quarter. Finally, Oak Thistle LLC acquired a new stake in shares of Entergy in the fourth quarter worth about $622,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Entergy Stock Up 2.0 %

Shares of NYSE ETR traded up $2.21 during trading on Friday, hitting $113.63. 1,405,502 shares of the company traded hands, compared to its average volume of 1,290,799. The business’s fifty day moving average is $108.48 and its 200 day moving average is $105.21. Entergy Co. has a fifty-two week low of $87.10 and a fifty-two week high of $114.28. The firm has a market capitalization of $24.26 billion, a price-to-earnings ratio of 11.40, a P/E/G 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.

Entergy (NYSE:ETR) last announced its quarterly earnings data on Wednesday, April 24th. The utilities provider reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.44 by ($0.36). Entergy had a net margin of 17.75% and a return on equity of 10.20%. The company had revenue of $31.17 billion for the quarter, compared to analyst estimates of $3.16 billion. During the same quarter in the prior year, the company posted $1.14 EPS. Entergy’s revenue for the quarter was down .5% on a year-over-year basis. Equities research analysts predict that Entergy Co. will post 7.21 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Tuesday, August 13th will be issued a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 3.98%. Entergy’s dividend payout ratio is currently 45.34%.

Wall Street Analyst Weigh In

ETR has been the subject of a number of analyst reports. Scotiabank reduced their price target on Entergy from $111.00 to $104.00 and set a “sector perform” rating for the company in a research report on Monday, April 22nd. Wells Fargo & Company upped their price objective on Entergy from $122.00 to $125.00 and gave the company an “overweight” rating in a research note on Wednesday, June 5th. Morgan Stanley reduced their target price on Entergy from $103.00 to $98.00 and set an “underweight” rating on the stock in a report on Monday, June 24th. Mizuho upped their price objective on Entergy from $107.00 to $114.00 and gave the stock a “buy” rating in a report on Friday, May 31st. Finally, LADENBURG THALM/SH SH reaffirmed a “neutral” rating and set a $109.50 price objective (down previously from $117.00) on shares of Entergy in a report on Wednesday, June 12th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $113.42.

Insider Activity

In other news, CAO Reginald T. Jackson sold 9,229 shares of the company’s stock in a transaction dated 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 transaction, 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 is available through the SEC website. In other news, insider Haley Fisackerly sold 1,500 shares of the business’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $110.23, for a total transaction of $165,345.00. Following the completion of the sale, the insider now directly owns 2,479 shares of the company’s stock, valued at $273,260.17. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Reginald T. Jackson sold 9,229 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $108.71, for a total transaction of $1,003,284.59. Following the sale, the chief accounting officer now directly owns 2,166 shares of the company’s stock, valued at $235,465.86. The disclosure for this sale can be found here. Company insiders own 0.39% of the company’s stock.

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.