Entergy Corporation (NYSE:ETR) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC reduced its stake in Entergy Corporation (NYSE:ETR) by 74.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 5,876 shares of the utilities provider’s stock after selling 17,565 shares during the period. Los Angeles Capital Management LLC’s holdings in Entergy were worth $446,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Amalgamated Bank raised its stake in shares of Entergy by 104.2% in the 4th quarter. Amalgamated Bank now owns 85,651 shares of the utilities provider’s stock valued at $6,494,000 after acquiring an additional 43,703 shares during the period. Vaughan David Investments LLC IL raised its position in Entergy by 99.7% in the fourth quarter. Vaughan David Investments LLC IL now owns 766,424 shares of the utilities provider’s stock valued at $58,110,000 after purchasing an additional 382,660 shares during the period. TruNorth Capital Management LLC raised its position in Entergy by 100.0% in the fourth quarter. TruNorth Capital Management LLC now owns 600 shares of the utilities provider’s stock valued at $45,000 after purchasing an additional 300 shares during the period. Bank of New York Mellon Corp lifted its stake in Entergy by 87.4% during the fourth quarter. Bank of New York Mellon Corp now owns 2,848,293 shares of the utilities provider’s stock worth $215,958,000 after purchasing an additional 1,328,694 shares in the last quarter. Finally, Wrapmanager Inc. boosted its position in shares of Entergy by 53.0% during the fourth quarter. Wrapmanager Inc. now owns 3,014 shares of the utilities provider’s stock worth $229,000 after buying an additional 1,044 shares during the period. Institutional investors and hedge funds own 88.07% of the company’s stock.

Entergy Stock Up 0.7 %

Shares of NYSE ETR opened at $87.96 on Tuesday. The business has a 50-day moving average of $80.84 and a two-hundred day moving average of $72.83. The company has a market capitalization of $37.86 billion, a price-to-earnings ratio of 36.12, a price-to-earnings-growth ratio of 2.34 and a beta of 0.72. Entergy Corporation has a 1 year low of $49.92 and a 1 year high of $88.38. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.72 and a quick ratio of 0.59.

Entergy (NYSE:ETR) last posted its earnings results on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.03. The firm had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $3.24 billion. Entergy had a return on equity of 10.68% and a net margin of 8.90%. During the same quarter in the previous year, the business earned $0.26 earnings per share. On average, analysts forecast that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 10th were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date was Monday, February 10th. Entergy’s dividend payout ratio (DPR) is 98.77%.

Insider Activity at Entergy

In related news, insider Deanna D. Rodriguez sold 6,088 shares of the company’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $73.94, for a total value of $450,146.72. Following the completion of the sale, the insider now directly owns 3,952 shares of the company’s stock, valued at $292,210.88. This represents a 60.64 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ETR. KeyCorp lowered Entergy from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, December 4th. Wells Fargo & Company increased their price target on shares of Entergy from $85.00 to $97.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 19th. LADENBURG THALM/SH SH raised shares of Entergy from a “neutral” rating to a “buy” rating and set a $86.50 price objective for the company in a research note on Thursday, January 30th. StockNews.com raised shares of Entergy from a “sell” rating to a “hold” rating in a research note on Sunday, December 29th. Finally, Morgan Stanley raised shares of Entergy from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $58.00 to $75.00 in a research report on Monday, November 4th. Six research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $82.14.

About Entergy

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.