Janus Henderson Group PLC Has $8.07 Million Position in Entergy Co. (ETR)

Janus Henderson Group PLC boosted its position in shares of Entergy Co. (NYSE:ETR) by 13.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 105,648 shares of the utilities provider’s stock after purchasing an additional 12,285 shares during the quarter. Janus Henderson Group PLC owned 0.06% of Entergy worth $8,067,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Advisory Services Network LLC grew its holdings in Entergy by 2.1% during the second quarter. Advisory Services Network LLC now owns 2,335 shares of the utilities provider’s stock valued at $179,000 after purchasing an additional 49 shares during the period. BlueMountain Capital Management LLC acquired a new position in shares of Entergy in the second quarter valued at approximately $204,000. Buckingham Asset Management LLC acquired a new position in shares of Entergy in the third quarter valued at approximately $212,000. Caxton Associates LP acquired a new position in shares of Entergy in the third quarter valued at approximately $252,000. Finally, Trexquant Investment LP bought a new stake in shares of Entergy in the third quarter worth $261,000. Hedge funds and other institutional investors own 82.81% of the company’s stock.

A number of analysts have recently commented on ETR shares. TheStreet raised shares of Entergy from a “c” rating to a “b-” rating in a research report on Friday, October 27th. Mizuho raised shares of Entergy from a “neutral” rating to a “buy” rating in a research report on Friday, November 17th. Jefferies Group raised shares of Entergy from a “hold” rating to a “buy” rating in a research report on Monday, October 16th. Citigroup raised shares of Entergy from a “neutral” rating to a “buy” rating and set a $91.00 price target on the stock in a research report on Friday, October 13th. Finally, Bank of America raised shares of Entergy from a “neutral” rating to a “buy” rating and set a $89.00 price target on the stock in a research report on Tuesday, December 12th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Entergy has an average rating of “Buy” and a consensus target price of $83.17.

In other news, EVP Marcus V. Brown sold 1,500 shares of the stock in a transaction dated Friday, October 13th. The shares were sold at an average price of $82.00, for a total value of $123,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Paul D. Hinnenkamp sold 2,300 shares of the stock in a transaction dated Tuesday, October 17th. The shares were sold at an average price of $84.00, for a total transaction of $193,200.00. The disclosure for this sale can be found here. Insiders sold 57,812 shares of company stock worth $4,907,522 over the last three months. Insiders own 0.24% of the company’s stock.

Shares of Entergy Co. (NYSE ETR) opened at $79.90 on Wednesday. The company has a current ratio of 0.78, a quick ratio of 0.58 and a debt-to-equity ratio of 1.61. Entergy Co. has a 1 year low of $69.63 and a 1 year high of $87.95. The stock has a market cap of $14,350.00, a price-to-earnings ratio of -16.17, a price-to-earnings-growth ratio of 1.66 and a beta of 0.55.

Entergy (NYSE:ETR) last posted its quarterly earnings results on Tuesday, October 24th. The utilities provider reported $2.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.24 by $0.11. Entergy had a negative net margin of 7.82% and a positive return on equity of 14.76%. The firm had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same period in the prior year, the firm posted $2.31 earnings per share. equities analysts anticipate that Entergy Co. will post 6.91 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Thursday, November 9th were given a $0.89 dividend. The ex-dividend date of this dividend was Wednesday, November 8th. This is a positive change from Entergy’s previous quarterly dividend of $0.87. This represents a $3.56 annualized dividend and a dividend yield of 4.46%. Entergy’s dividend payout ratio is presently -72.06%.

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Entergy Company Profile

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.

Institutional Ownership by Quarter for Entergy (NYSE:ETR)

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