Tiaa Fsb boosted its holdings in Entergy Co. (NYSE:ETR) by 26.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 107,290 shares of the utilities provider’s stock after buying an additional 22,580 shares during the quarter. Tiaa Fsb’s holdings in Entergy were worth $10,260,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Aspire Private Capital LLC acquired a new position in Entergy in the fourth quarter valued at $26,000. Altshuler Shaham Ltd acquired a new position in Entergy in the fourth quarter valued at $27,000. Investec Asset Management PTY Ltd acquired a new position in Entergy in the fourth quarter valued at $37,000. CWM LLC boosted its stake in Entergy by 176.4% in the fourth quarter. CWM LLC now owns 445 shares of the utilities provider’s stock valued at $38,000 after acquiring an additional 284 shares in the last quarter. Finally, Legacy Advisors LLC acquired a new position in Entergy in the first quarter valued at $48,000. 89.45% of the stock is currently owned by hedge funds and other institutional investors.
NYSE:ETR traded down $0.19 during mid-day trading on Monday, reaching $95.05. The stock had a trading volume of 1,291,551 shares, compared to its average volume of 1,491,449. The company has a quick ratio of 0.38, a current ratio of 0.54 and a debt-to-equity ratio of 1.76. The company has a market cap of $18.06 billion, a P/E ratio of 13.00 and a beta of 0.40. Entergy Co. has a twelve month low of $75.45 and a twelve month high of $96.87.
Entergy (NYSE:ETR) last announced its quarterly earnings data on Wednesday, February 20th. The utilities provider reported $0.60 EPS for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.12. The firm had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $1.96 billion. Entergy had a net margin of 7.83% and a return on equity of 16.22%. During the same quarter last year, the firm earned $0.76 earnings per share. Analysts expect that Entergy Co. will post 5.51 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Thursday, May 9th will be given a $0.91 dividend. The ex-dividend date of this dividend is Wednesday, May 8th. This represents a $3.64 dividend on an annualized basis and a yield of 3.83%. Entergy’s payout ratio is currently 49.79%.
Several equities research analysts have recently weighed in on ETR shares. Zacks Investment Research upgraded shares of Entergy from a “hold” rating to a “strong-buy” rating and set a $99.00 target price for the company in a research note on Thursday, January 3rd. Wells Fargo & Co increased their target price on shares of Entergy from $99.00 to $105.00 and gave the stock an “outperform” rating in a research note on Thursday, February 21st. Macquarie upgraded shares of Entergy from a “neutral” rating to an “outperform” rating in a research note on Monday, March 11th. Royal Bank of Canada reiterated a “hold” rating and set a $91.00 target price on shares of Entergy in a research note on Wednesday, January 23rd. Finally, ValuEngine downgraded shares of Entergy from a “buy” rating to a “hold” rating in a research note on Monday, April 1st. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $90.79.
In related news, EVP Marcus V. Brown sold 31,300 shares of the firm’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $94.92, for a total value of $2,970,996.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Haley Fisackerly sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, February 26th. The shares were sold at an average price of $92.59, for a total transaction of $138,885.00. Following the completion of the sale, the insider now owns 2,434 shares of the company’s stock, valued at approximately $225,364.06. The disclosure for this sale can be found here. In the last 90 days, insiders sold 58,408 shares of company stock valued at $5,448,863. 0.27% of the stock is owned by insiders.
Entergy Company 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.
Read More: Do You Need a Fiduciary?
Want to see what other hedge funds are holding ETR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Entergy Co. (NYSE:ETR).
Receive News & Ratings for Entergy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Entergy and related companies with MarketBeat.com's FREE daily email newsletter.