Sumitomo Mitsui Asset Management Company LTD increased its holdings in shares of Entergy Co. (NYSE:ETR) by 9.3% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 12,914 shares of the utilities provider’s stock after purchasing an additional 1,099 shares during the period. Sumitomo Mitsui Asset Management Company LTD’s holdings in Entergy were worth $1,234,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of The West increased its stake in Entergy by 4.0% during the first quarter. Bank of The West now owns 2,777 shares of the utilities provider’s stock valued at $266,000 after acquiring an additional 108 shares during the period. Victory Capital Management Inc. increased its stake in Entergy by 4.1% during the first quarter. Victory Capital Management Inc. now owns 2,777 shares of the utilities provider’s stock valued at $266,000 after acquiring an additional 110 shares during the period. CWM Advisors LLC increased its stake in Entergy by 1.9% during the fourth quarter. CWM Advisors LLC now owns 6,479 shares of the utilities provider’s stock valued at $558,000 after acquiring an additional 123 shares during the period. Bessemer Group Inc. increased its stake in Entergy by 2.1% during the fourth quarter. Bessemer Group Inc. now owns 6,323 shares of the utilities provider’s stock valued at $543,000 after acquiring an additional 128 shares during the period. Finally, Horrell Capital Management Inc. increased its stake in Entergy by 0.4% during the first quarter. Horrell Capital Management Inc. now owns 31,197 shares of the utilities provider’s stock valued at $2,983,000 after acquiring an additional 138 shares during the period. 89.77% of the stock is owned by institutional investors and hedge funds.

In other news, EVP Donald W. Vinci sold 7,300 shares of the business’s stock in a transaction that occurred on Monday, February 25th. The stock was sold at an average price of $92.12, for a total value of $672,476.00. Following the transaction, the executive vice president now directly owns 12,530 shares of the company’s stock, valued at approximately $1,154,263.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Haley Fisackerly sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 26th. The stock was sold at an average price of $92.59, for a total value of $138,885.00. Following the completion of the transaction, the insider now directly owns 2,434 shares in the company, valued at $225,364.06. The disclosure for this sale can be found here. Insiders sold a total of 145,317 shares of company stock worth $14,018,970 over the last three months. 0.27% of the stock is owned by company insiders.

Shares of ETR traded up $0.18 on Wednesday, hitting $97.86. The company’s stock had a trading volume of 7,605 shares, compared to its average volume of 1,449,037. The company has a market capitalization of $18.56 billion, a P/E ratio of 13.38, a PEG ratio of 2.65 and a beta of 0.40. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.70 and a quick ratio of 0.52. Entergy Co. has a fifty-two week low of $75.83 and a fifty-two week high of $98.56.

Entergy (NYSE:ETR) last announced its earnings results on Wednesday, May 1st. The utilities provider reported $0.82 EPS for the quarter, missing the consensus estimate of $0.94 by ($0.12). The business had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.67 billion. Entergy had a return on equity of 15.17% and a net margin of 9.04%. During the same period in the previous year, the firm earned $0.83 earnings per share. On average, sell-side analysts anticipate that Entergy Co. will post 5.28 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Thursday, May 9th will be issued a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 3.72%. The ex-dividend date is Wednesday, May 8th. Entergy’s payout ratio is currently 49.79%.

ETR has been the topic of several research reports. Royal Bank of Canada restated a “hold” rating and set a $91.00 price target on shares of Entergy in a research note on Wednesday, January 23rd. Wells Fargo & Co upped their price objective on Entergy from $99.00 to $105.00 and gave the company an “outperform” rating in a research note on Thursday, February 21st. Macquarie set a $100.00 price objective on Entergy and gave the company a “buy” rating in a research note on Thursday, May 2nd. Morgan Stanley upped their price objective on Entergy from $88.00 to $91.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 12th. Finally, Zacks Investment Research lowered Entergy from a “buy” rating to a “hold” rating in a research note on Wednesday, January 23rd. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $93.50.

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Entergy 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.

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Institutional Ownership by Quarter for Entergy (NYSE:ETR)

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