Leeward Investments LLC MA Has $12.61 Million Stock Position in Entergy Co. (NYSE:ETR)

Leeward Investments LLC MA reduced its stake in Entergy Co. (NYSE:ETR) by 2.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 124,646 shares of the utilities provider’s stock after selling 3,360 shares during the quarter. Leeward Investments LLC MA owned about 0.06% of Entergy worth $12,613,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Global Retirement Partners LLC lifted its stake in Entergy by 34.4% in the third quarter. Global Retirement Partners LLC now owns 1,351 shares of the utilities provider’s stock valued at $123,000 after buying an additional 346 shares during the period. DAVENPORT & Co LLC lifted its stake in Entergy by 37.6% in the third quarter. DAVENPORT & Co LLC now owns 24,647 shares of the utilities provider’s stock valued at $2,280,000 after buying an additional 6,734 shares during the period. CreativeOne Wealth LLC lifted its stake in Entergy by 8.1% in the third quarter. CreativeOne Wealth LLC now owns 4,333 shares of the utilities provider’s stock valued at $401,000 after buying an additional 326 shares during the period. Caprock Group LLC lifted its stake in Entergy by 4.9% in the third quarter. Caprock Group LLC now owns 4,024 shares of the utilities provider’s stock valued at $372,000 after buying an additional 189 shares during the period. Finally, Keudell Morrison Wealth Management acquired a new position in Entergy in the third quarter valued at approximately $229,000. 88.07% of the stock is owned by institutional investors and hedge funds.

Entergy Stock Performance

Shares of Entergy stock traded down $1.03 during trading hours on Friday, hitting $106.50. 2,143,470 shares of the company’s stock traded hands, compared to its average volume of 1,430,090. Entergy Co. has a 12-month low of $87.10 and a 12-month high of $108.81. The stock has a market capitalization of $22.71 billion, a price-to-earnings ratio of 10.68, a PEG ratio of 2.10 and a beta of 0.71. The company has a fifty day simple moving average of $103.41 and a 200-day simple moving average of $100.67. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.69 and a quick ratio of 0.32.

Entergy (NYSE:ETR) last posted its quarterly earnings results 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). The firm had revenue of $31.17 billion for the quarter, compared to the consensus estimate of $3.16 billion. Entergy had a return on equity of 10.20% and a net margin of 17.75%. The firm’s revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.14 EPS. Equities research analysts anticipate that Entergy Co. will post 7.22 EPS for the current fiscal year.

Entergy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Thursday, May 2nd will be paid a dividend of $1.13 per share. The ex-dividend date of this dividend is Wednesday, May 1st. This represents a $4.52 annualized dividend and a dividend yield of 4.24%. Entergy’s payout ratio is 45.34%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on ETR shares. KeyCorp boosted their price target on Entergy from $108.00 to $112.00 and gave the company an “overweight” rating in a research note on Friday, April 19th. BMO Capital Markets upped their price target on Entergy from $110.00 to $113.00 and gave the stock an “outperform” rating in a report on Monday, February 26th. Royal Bank of Canada reiterated an “outperform” rating and set a $117.00 price target on shares of Entergy in a report on Monday, February 26th. Barclays decreased their price target on Entergy from $108.00 to $107.00 and set an “equal weight” rating for the company in a report on Monday, April 15th. Finally, Scotiabank decreased their price target on Entergy from $111.00 to $104.00 and set a “sector perform” rating for the company in a report on Monday. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $109.45.

Insider Transactions at Entergy

In related news, EVP Marcus V. Brown sold 8,500 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $102.84, for a total transaction of $874,140.00. Following the transaction, the executive vice president now directly owns 9,911 shares of the company’s stock, valued at approximately $1,019,247.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, EVP Marcus V. Brown sold 8,500 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $102.84, for a total transaction of $874,140.00. Following the transaction, the executive vice president now directly owns 9,911 shares of the company’s stock, valued at approximately $1,019,247.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Deanna D. Rodriguez sold 1,500 shares of Entergy stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $101.23, for a total value of $151,845.00. Following the completion of the transaction, the insider now directly owns 3,442 shares in the company, valued at $348,433.66. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,000 shares of company stock worth $1,226,685. 0.39% of the stock is owned by company insiders.

Entergy 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.