CIBC Asset Management Inc lowered its holdings in Entergy Co. (NYSE:ETR) by 5.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,533 shares of the utilities provider’s stock after selling 1,001 shares during the period. CIBC Asset Management Inc’s holdings in Entergy were worth $1,508,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. LSV Asset Management increased its position in shares of Entergy by 1.4% in the fourth quarter. LSV Asset Management now owns 5,368,488 shares of the utilities provider’s stock worth $436,941,000 after acquiring an additional 74,855 shares in the last quarter. Bank of Montreal Can increased its position in shares of Entergy by 39.5% in the fourth quarter. Bank of Montreal Can now owns 2,001,135 shares of the utilities provider’s stock worth $162,873,000 after acquiring an additional 567,130 shares in the last quarter. Legal & General Group Plc increased its position in shares of Entergy by 2.8% in the third quarter. Legal & General Group Plc now owns 1,165,237 shares of the utilities provider’s stock worth $88,976,000 after acquiring an additional 31,458 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Entergy by 27.7% in the third quarter. Principal Financial Group Inc. now owns 1,152,906 shares of the utilities provider’s stock worth $88,036,000 after acquiring an additional 250,267 shares in the last quarter. Finally, Parametric Portfolio Associates LLC increased its position in shares of Entergy by 2.2% in the third quarter. Parametric Portfolio Associates LLC now owns 979,177 shares of the utilities provider’s stock worth $74,770,000 after acquiring an additional 21,174 shares in the last quarter. 83.14% of the stock is owned by institutional investors.

Several research firms have recently issued reports on ETR. UBS Group began coverage on shares of Entergy in a research report on Friday, February 2nd. They issued a “neutral” rating and a $82.00 price objective for the company. Wells Fargo & Co reissued an “outperform” rating and issued a $96.00 price objective (up previously from $90.00) on shares of Entergy in a research report on Wednesday, October 25th. Jefferies Group raised shares of Entergy from a “hold” rating to a “buy” rating in a research report on Monday, October 16th. Bank of America began coverage on shares of Entergy in a report on Tuesday, October 24th. They set a “neutral” rating and a $86.00 price target for the company. Finally, TheStreet raised shares of Entergy from a “c” rating to a “b-” rating in a report on Friday, October 27th. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $84.36.

Shares of Entergy Co. (NYSE ETR) opened at $74.13 on Friday. The firm has a market cap of $13,710.00, a price-to-earnings ratio of -15.01, a P/E/G ratio of 2.02 and a beta of 0.50. Entergy Co. has a fifty-two week low of $69.63 and a fifty-two week high of $87.95. The company has a current ratio of 0.78, a quick ratio of 0.58 and a debt-to-equity ratio of 1.61.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Thursday, February 8th will be issued a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a yield of 4.80%. The ex-dividend date is Wednesday, February 7th. Entergy’s dividend payout ratio is currently -72.06%.

In other Entergy news, EVP Marcus V. Brown sold 3,000 shares of the firm’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $86.42, for a total transaction of $259,260.00. Following the completion of the transaction, the executive vice president now directly owns 22,264 shares of the company’s stock, valued at approximately $1,924,054.88. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.24% of the stock is owned by company insiders.

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About Entergy

Entergy Corporation is a holding company. The Company is an integrated energy company engaged in electric power production and retail electric distribution operations. The Company operates through two business segments: Utility and Entergy Wholesale Commodities. The Utility segment includes the generation, transmission, distribution and sale of electric power to retail and wholesale customers in areas of Arkansas, Mississippi, Texas and Louisiana, including the City of New Orleans and operates a natural gas distribution business.

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Institutional Ownership by Quarter for Entergy (NYSE:ETR)

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