Stephens Inc. AR cut its holdings in shares of Entergy Co. (NYSE:ETR) by 58.0% in the 1st quarter, Holdings Channel reports. The firm owned 4,758 shares of the utilities provider’s stock after selling 6,569 shares during the period. Stephens Inc. AR’s holdings in Entergy were worth $455,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ETR. Aspire Private Capital LLC acquired a new stake in Entergy in the fourth quarter worth $26,000. Altshuler Shaham Ltd bought a new position in Entergy during the fourth quarter valued at about $27,000. American Research & Management Co. bought a new position in Entergy during the first quarter valued at about $30,000. Investec Asset Management PTY Ltd bought a new position in Entergy during the fourth quarter valued at about $37,000. Finally, CWM LLC boosted its stake in Entergy by 176.4% during the fourth quarter. CWM LLC now owns 445 shares of the utilities provider’s stock valued at $38,000 after buying an additional 284 shares in the last quarter. Hedge funds and other institutional investors own 88.53% of the company’s stock.

In other Entergy news, EVP Marcus V. Brown sold 21,443 shares of the firm’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $98.00, for a total transaction of $2,101,414.00. Following the completion of the sale, the executive vice president now directly owns 39,477 shares in the company, valued at approximately $3,868,746. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Haley Fisackerly sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, February 26th. The stock was sold at an average price of $92.59, for a total value of $138,885.00. Following the sale, the insider now owns 2,434 shares of the company’s stock, valued at $225,364.06. The disclosure for this sale can be found here. Insiders have sold a total of 145,317 shares of company stock valued at $14,018,970 over the last 90 days. Corporate insiders own 0.27% of the company’s stock.

Several research analysts recently weighed in on the company. ValuEngine cut Entergy from a “buy” rating to a “hold” rating in a research note on Monday, April 1st. Zacks Investment Research raised Entergy from a “hold” rating to a “buy” rating and set a $106.00 target price for the company in a research note on Wednesday, April 24th. Morgan Stanley raised Entergy from an “equal weight” rating to an “overweight” rating in a research note on Thursday, April 18th. Wells Fargo & Co raised their target price on Entergy from $99.00 to $105.00 and gave the company an “outperform” rating in a research note on Thursday, February 21st. Finally, Macquarie raised Entergy from a “neutral” rating to an “outperform” rating in a research note on Monday, March 11th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Entergy presently has a consensus rating of “Buy” and an average price target of $93.50.

Shares of NYSE:ETR traded up $0.16 during midday trading on Thursday, reaching $98.65. The company had a trading volume of 16,908 shares, compared to its average volume of 1,296,722. The company has a quick ratio of 0.52, a current ratio of 0.70 and a debt-to-equity ratio of 1.91. Entergy Co. has a 1-year low of $75.83 and a 1-year high of $98.56. The firm has a market capitalization of $18.67 billion, a price-to-earnings ratio of 13.47, a price-to-earnings-growth ratio of 2.64 and a beta of 0.40.

Entergy (NYSE:ETR) last announced its quarterly earnings data on Wednesday, May 1st. The utilities provider reported $0.82 EPS for the quarter, missing the Zacks’ consensus estimate of $0.94 by ($0.12). Entergy had a return on equity of 15.17% and a net margin of 9.04%. The business had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.67 billion. During the same quarter in the previous year, the business posted $0.83 earnings per share. Equities analysts predict that Entergy Co. will post 5.28 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Thursday, May 9th will be given a dividend of $0.91 per share. 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 3.69%. Entergy’s payout ratio is presently 49.79%.

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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.

See Also: Hedge Funds – How They Work For Investors

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Institutional Ownership by Quarter for Entergy (NYSE:ETR)

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