SG Americas Securities LLC trimmed its holdings in shares of Entergy Co. (NYSE:ETR) by 78.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,213 shares of the utilities provider’s stock after selling 8,022 shares during the period. SG Americas Securities LLC’s holdings in Entergy were worth $169,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Castleton Investment Management LLC bought a new stake in shares of Entergy during the second quarter worth approximately $16,800,000. Principal Financial Group Inc. raised its stake in shares of Entergy by 99.4% during the second quarter. Principal Financial Group Inc. now owns 902,639 shares of the utilities provider’s stock worth $69,296,000 after buying an additional 449,986 shares during the last quarter. BlackRock Inc. raised its stake in shares of Entergy by 1.0% during the second quarter. BlackRock Inc. now owns 16,243,801 shares of the utilities provider’s stock worth $1,247,035,000 after buying an additional 154,117 shares during the last quarter. Prudential Financial Inc. raised its stake in shares of Entergy by 4.3% during the second quarter. Prudential Financial Inc. now owns 585,575 shares of the utilities provider’s stock worth $44,954,000 after buying an additional 23,946 shares during the last quarter. Finally, Swiss National Bank raised its stake in shares of Entergy by 3.3% during the second quarter. Swiss National Bank now owns 655,522 shares of the utilities provider’s stock worth $50,324,000 after buying an additional 20,800 shares during the last quarter. 82.81% of the stock is owned by institutional investors and hedge funds.
Shares of Entergy Co. (ETR) opened at $80.31 on Tuesday. Entergy Co. has a 12 month low of $69.63 and a 12 month high of $87.95. The company has a quick ratio of 0.58, a current ratio of 0.78 and a debt-to-equity ratio of 1.61. The company has a market cap of $14,475.99, a P/E ratio of -16.26, a price-to-earnings-growth ratio of 1.66 and a beta of 0.55.
The company also recently announced a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Thursday, November 9th were paid a $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 4.43%. The ex-dividend date was Wednesday, November 8th. This is an increase from Entergy’s previous quarterly dividend of $0.87. Entergy’s dividend payout ratio is presently -72.06%.
In other news, EVP Marcus V. Brown sold 1,500 shares of the stock in a transaction on Friday, October 13th. The shares were sold at an average price of $82.00, for a total transaction of $123,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Charles L. Rice, Jr. sold 9,234 shares of the stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $86.24, for a total transaction of $796,340.16. The disclosure for this sale can be found here. Insiders have sold 57,812 shares of company stock valued at $4,907,522 in the last three months. 0.24% of the stock is owned by insiders.
A number of equities research analysts recently weighed in on the stock. Morgan Stanley boosted their price target on shares of Entergy from $86.00 to $88.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 13th. Bank of America raised shares of Entergy from a “neutral” rating to a “buy” rating and set a $89.00 price target for the company in a research note on Tuesday, December 12th. TheStreet downgraded shares of Entergy from a “b-” rating to a “c+” rating in a research note on Wednesday, December 6th. Mizuho raised shares of Entergy from a “neutral” rating to a “buy” rating in a research note on Friday, November 17th. Finally, Wells Fargo & Co reaffirmed an “outperform” rating and issued a $96.00 target price (up previously from $90.00) on shares of Entergy in a research note on Wednesday, October 25th. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $83.17.
Entergy Corporation is a holding company. The Company is an integrated energy company engaged in electric power production and retail electric distribution operations. The Company operates through two business segments: Utility and Entergy Wholesale Commodities. The Utility segment includes the generation, transmission, distribution and sale of electric power to retail and wholesale customers in areas of Arkansas, Mississippi, Texas and Louisiana, including the City of New Orleans and operates a natural gas distribution business.
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