Signaturefd LLC Reduces Holdings in Entergy Co. (NYSE:ETR)

Signaturefd LLC cut its stake in Entergy Co. (NYSE:ETR) by 10.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,501 shares of the utilities provider’s stock after selling 305 shares during the period. Signaturefd LLC’s holdings in Entergy were worth $253,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. CreativeOne Wealth LLC grew its stake in Entergy by 8.1% during the 3rd quarter. CreativeOne Wealth LLC now owns 4,333 shares of the utilities provider’s stock worth $401,000 after buying an additional 326 shares during the last quarter. Caprock Group LLC increased its holdings in shares of Entergy by 4.9% in the 3rd quarter. Caprock Group LLC now owns 4,024 shares of the utilities provider’s stock valued at $372,000 after acquiring an additional 189 shares during the period. Czech National Bank raised its position in Entergy by 47.6% in the 3rd quarter. Czech National Bank now owns 36,958 shares of the utilities provider’s stock valued at $3,419,000 after purchasing an additional 11,927 shares during the last quarter. Camelot Portfolios LLC purchased a new position in Entergy during the 3rd quarter worth $1,062,000. Finally, My Legacy Advisors LLC grew its position in Entergy by 5.9% during the 3rd quarter. My Legacy Advisors LLC now owns 8,997 shares of the utilities provider’s stock worth $840,000 after purchasing an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Insiders Place Their Bets

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

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Royal Bank of Canada reiterated an “outperform” rating and set a $117.00 target price on shares of Entergy in a research note on Monday, February 26th. KeyCorp lifted their target price on Entergy from $108.00 to $112.00 and gave the company an “overweight” rating in a research note on Friday, April 19th. Scotiabank cut their price target on Entergy from $111.00 to $104.00 and set a “sector perform” rating for the company in a research note on Monday, April 22nd. Barclays lowered their price objective on shares of Entergy from $108.00 to $107.00 and set an “equal weight” rating on the stock in a research report on Monday, April 15th. Finally, BMO Capital Markets boosted their price objective on shares of Entergy from $110.00 to $113.00 and gave the company an “outperform” rating in a research note on Monday, February 26th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $109.45.

Entergy Price Performance

Shares of NYSE ETR opened at $106.50 on Friday. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.32 and a current ratio of 0.69. Entergy Co. has a one year low of $87.10 and a one year high of $108.81. The firm has a market capitalization of $22.71 billion, a P/E ratio of 10.68, a PEG ratio of 2.10 and a beta of 0.71. The company’s fifty day moving average is $103.41 and its two-hundred day moving average is $100.67.

Entergy (NYSE:ETR) last released its quarterly earnings data on Wednesday, April 24th. The utilities provider reported $1.08 EPS for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.36). Entergy had a return on equity of 10.20% and a net margin of 17.75%. The company had revenue of $31.17 billion for the quarter, compared to analysts’ expectations of $3.16 billion. During the same period in the prior year, the firm posted $1.14 EPS. The firm’s quarterly revenue was down .5% on a year-over-year basis. Analysts forecast that Entergy Co. will post 7.22 EPS for the current fiscal year.

Entergy Announces Dividend

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

Entergy Company 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.