Anchor Capital Advisors LLC Increases Holdings in Entergy (ETR)

Anchor Capital Advisors LLC raised its holdings in shares of Entergy (NYSE:ETR) by 1.4% in the 1st quarter, HoldingsChannel.com reports. The fund owned 253,193 shares of the utilities provider’s stock after buying an additional 3,450 shares during the quarter. Anchor Capital Advisors LLC’s holdings in Entergy were worth $19,947,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new stake in Entergy during the 4th quarter valued at approximately $4,395,000. Acadian Asset Management LLC lifted its stake in Entergy by 190.5% during the 4th quarter. Acadian Asset Management LLC now owns 30,030 shares of the utilities provider’s stock valued at $2,444,000 after acquiring an additional 19,693 shares during the period. Global Financial Private Capital LLC lifted its stake in Entergy by 23.9% during the 4th quarter. Global Financial Private Capital LLC now owns 9,996 shares of the utilities provider’s stock valued at $814,000 after acquiring an additional 1,928 shares during the period. Suntrust Banks Inc. lifted its stake in Entergy by 5.2% during the 4th quarter. Suntrust Banks Inc. now owns 51,624 shares of the utilities provider’s stock valued at $4,199,000 after acquiring an additional 2,549 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in Entergy by 32.4% during the 4th quarter. Renaissance Technologies LLC now owns 3,798,700 shares of the utilities provider’s stock valued at $309,176,000 after acquiring an additional 928,800 shares during the period. Institutional investors and hedge funds own 85.67% of the company’s stock.

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Several brokerages have commented on ETR. Morgan Stanley decreased their price objective on shares of Entergy from $82.00 to $76.00 and set a “hold” rating for the company in a research note on Tuesday, February 13th. TheStreet upgraded shares of Entergy from a “c” rating to a “b” rating in a research note on Wednesday, April 25th. Mizuho reiterated a “buy” rating and issued a $88.50 target price on shares of Entergy in a research note on Thursday, April 19th. Zacks Investment Research upgraded shares of Entergy from a “hold” rating to a “strong-buy” rating and set a $90.00 target price for the company in a research note on Tuesday, April 17th. Finally, Wolfe Research upgraded shares of Entergy from an “underperform” rating to a “market perform” rating in a research note on Thursday, April 26th. Five analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $85.77.

Entergy opened at $76.68 on Wednesday, according to Marketbeat. The company has a quick ratio of 0.52, a current ratio of 0.70 and a debt-to-equity ratio of 1.96. Entergy has a 1 year low of $71.95 and a 1 year high of $87.95. The firm has a market capitalization of $13.77 billion, a P/E ratio of 10.65, a PEG ratio of 1.69 and a beta of 0.45.

Entergy (NYSE:ETR) last posted its earnings results on Wednesday, April 25th. The utilities provider reported $1.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.30 by ($0.14). Entergy had a net margin of 4.21% and a return on equity of 16.19%. The firm had revenue of $2.72 billion during the quarter, compared to analyst estimates of $2.47 billion. During the same quarter in the prior year, the firm earned $0.99 earnings per share. equities research analysts forecast that Entergy will post 6.44 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 1st. Investors of record on Thursday, May 10th will be paid a $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 4.64%. The ex-dividend date of this dividend is Wednesday, May 9th. Entergy’s dividend payout ratio is currently 49.44%.

In related news, insider Haley Fisackerly sold 500 shares of the business’s stock in a transaction on Monday, March 5th. The shares were sold at an average price of $78.02, for a total value of $39,010.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Alyson M. Mount sold 10,396 shares of the business’s stock in a transaction on Monday, March 5th. The stock was sold at an average price of $78.50, for a total transaction of $816,086.00. The disclosure for this sale can be found here. In the last three months, insiders sold 18,596 shares of company stock valued at $1,486,496. 0.25% of the stock is owned by insiders.

Entergy Profile

Entergy Corporation, together with its subsidiaries, engages in the production and distribution of electricity in the United States. It generates electricity through gas/oil, nuclear, coal, hydro, and solar power sources. The company's Utility segment generates, transmits, distributes, and sells electric power in portions of Arkansas, Mississippi, Texas, and Louisiana, including the City of New Orleans; and distributes natural gas.

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Institutional Ownership by Quarter for Entergy (NYSE:ETR)

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