Entergy Co. (NYSE:ETR) Shares Sold by Sentry Investment Management LLC

Sentry Investment Management LLC trimmed its holdings in Entergy Co. (NYSE:ETR) by 9.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,112 shares of the utilities provider’s stock after selling 119 shares during the period. Sentry Investment Management LLC’s holdings in Entergy were worth $113,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of ETR. FMR LLC increased its position in Entergy by 64.4% during the third quarter. FMR LLC now owns 4,562,369 shares of the utilities provider’s stock worth $422,019,000 after purchasing an additional 1,787,977 shares during the last quarter. Zimmer Partners LP increased its holdings in shares of Entergy by 16,815.8% during the 2nd quarter. Zimmer Partners LP now owns 1,319,436 shares of the utilities provider’s stock worth $128,473,000 after buying an additional 1,311,636 shares during the last quarter. State Street Corp lifted its holdings in Entergy by 8.1% in the first quarter. State Street Corp now owns 12,122,596 shares of the utilities provider’s stock valued at $1,415,313,000 after acquiring an additional 908,932 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Entergy by 64.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,944,167 shares of the utilities provider’s stock valued at $209,465,000 after acquiring an additional 762,393 shares during the last quarter. Finally, Millennium Management LLC grew its position in Entergy by 86.0% in the fourth quarter. Millennium Management LLC now owns 1,633,335 shares of the utilities provider’s stock worth $183,750,000 after acquiring an additional 754,971 shares during the period. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ETR. Barclays cut their price objective on Entergy from $108.00 to $107.00 and set an “equal weight” rating for the company in a research report on Monday. BMO Capital Markets lifted their price target on shares of Entergy from $110.00 to $113.00 and gave the company an “outperform” rating in a research report on Monday, February 26th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $117.00 price objective on shares of Entergy in a research report on Monday, February 26th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $109.78.

Entergy Stock Performance

Shares of Entergy stock opened at $103.19 on Thursday. The business has a 50-day simple moving average of $102.31 and a 200-day simple moving average of $99.98. The company has a market cap of $22.00 billion, a PE ratio of 9.30, a P/E/G ratio of 1.99 and a beta of 0.71. Entergy Co. has a one year low of $87.10 and a one year high of $109.85. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.32 and a current ratio of 0.57.

Entergy (NYSE:ETR) last posted its quarterly earnings results on Thursday, February 22nd. The utilities provider reported $0.52 EPS for the quarter, hitting the consensus estimate of $0.52. The company had revenue of $2.72 billion during the quarter, compared to analysts’ expectations of $3.27 billion. Entergy had a net margin of 19.41% and a return on equity of 10.54%. During the same quarter in the previous year, the business posted $0.51 EPS. On average, equities research analysts forecast that Entergy Co. will post 7.22 EPS for the current fiscal year.

Entergy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Thursday, May 2nd will be given a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 4.38%. The ex-dividend date is Wednesday, May 1st. Entergy’s dividend payout ratio (DPR) is presently 40.76%.

Insider Buying and Selling

In other Entergy news, EVP Marcus V. Brown sold 8,500 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $102.84, for a total transaction of $874,140.00. Following the sale, the executive vice president now owns 9,911 shares of the company’s stock, valued at $1,019,247.24. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, EVP Kimberly Cook-Nelson sold 2,000 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $100.35, for a total value of $200,700.00. Following the completion of the sale, the executive vice president now owns 16,037 shares in the company, valued at approximately $1,609,312.95. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Marcus V. Brown sold 8,500 shares of the firm’s 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 transaction, the executive vice president now directly owns 9,911 shares in the company, valued at $1,019,247.24. The disclosure for this sale can be found here. Insiders sold a total of 12,000 shares of company stock worth $1,226,685 over the last 90 days. 0.39% of the stock is owned by insiders.

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.