Oppenheimer Asset Management Inc. reduced its position in Entergy Co. (NYSE:ETR) by 80.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,499 shares of the utilities provider’s stock after selling 10,487 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Entergy were worth $258,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC boosted its stake in shares of Entergy by 13.5% in the 1st quarter. FMR LLC now owns 3,784,148 shares of the utilities provider’s stock valued at $361,878,000 after buying an additional 448,737 shares during the period. Northern Trust Corp lifted its stake in Entergy by 2.5% during the first quarter. Northern Trust Corp now owns 2,553,047 shares of the utilities provider’s stock worth $244,148,000 after purchasing an additional 61,297 shares during the last quarter. Geode Capital Management LLC lifted its stake in Entergy by 7.3% during the fourth quarter. Geode Capital Management LLC now owns 2,475,894 shares of the utilities provider’s stock worth $212,751,000 after purchasing an additional 168,371 shares during the last quarter. Janus Henderson Group PLC lifted its stake in Entergy by 16.0% during the second quarter. Janus Henderson Group PLC now owns 1,723,736 shares of the utilities provider’s stock worth $177,423,000 after purchasing an additional 237,855 shares during the last quarter. Finally, Pictet Asset Management Ltd. lifted its stake in Entergy by 36.2% during the first quarter. Pictet Asset Management Ltd. now owns 1,601,350 shares of the utilities provider’s stock worth $153,137,000 after purchasing an additional 425,288 shares during the last quarter. Institutional investors and hedge funds own 86.64% of the company’s stock.
In related news, insider Haley Fisackerly sold 2,250 shares of the company’s stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $105.00, for a total transaction of $236,250.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman Leo P. Denault sold 24,211 shares of the company’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $110.00, for a total value of $2,663,210.00. The disclosure for this sale can be found here. Insiders have sold 84,939 shares of company stock worth $8,896,045 in the last ninety days. 0.27% of the stock is currently owned by corporate insiders.
ETR stock traded up $0.14 during trading on Friday, hitting $114.03. 14,023 shares of the company’s stock were exchanged, compared to its average volume of 1,135,394. The stock has a market capitalization of $22.32 billion, a price-to-earnings ratio of 15.56, a PEG ratio of 3.05 and a beta of 0.29. Entergy Co. has a 52-week low of $78.99 and a 52-week high of $115.90. The business has a 50-day moving average price of $109.26 and a two-hundred day moving average price of $100.66. The company has a current ratio of 0.73, a quick ratio of 0.52 and a debt-to-equity ratio of 1.76.
Entergy (NYSE:ETR) last released its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $1.35 EPS for the quarter, missing the consensus estimate of $1.38 by ($0.03). The firm had revenue of $2.67 billion for the quarter, compared to analyst estimates of $2.98 billion. Entergy had a return on equity of 13.75% and a net margin of 8.97%. During the same period last year, the firm earned $1.42 EPS. On average, equities research analysts anticipate that Entergy Co. will post 5.26 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Thursday, August 8th were issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date of this dividend was Wednesday, August 7th. Entergy’s dividend payout ratio is presently 49.79%.
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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