Stevens Capital Management LP bought a new position in Entergy Co. (NYSE:ETR) in the 1st quarter, Holdings Channel reports. The institutional investor bought 15,712 shares of the utilities provider’s stock, valued at approximately $1,503,000.
Other institutional investors have also recently modified their holdings of the company. JJJ Advisors Inc. purchased a new stake in Entergy during the first quarter valued at approximately $101,000. Texas Permanent School Fund increased its holdings in Entergy by 1.2% during the first quarter. Texas Permanent School Fund now owns 36,883 shares of the utilities provider’s stock valued at $3,527,000 after buying an additional 449 shares during the last quarter. Executive Wealth Management LLC increased its holdings in Entergy by 73.0% during the first quarter. Executive Wealth Management LLC now owns 31,254 shares of the utilities provider’s stock valued at $2,989,000 after buying an additional 13,188 shares during the last quarter. Comerica Bank increased its holdings in Entergy by 0.3% during the first quarter. Comerica Bank now owns 63,134 shares of the utilities provider’s stock valued at $5,972,000 after buying an additional 214 shares during the last quarter. Finally, Candriam Luxembourg S.C.A. increased its holdings in Entergy by 89.4% during the first quarter. Candriam Luxembourg S.C.A. now owns 57,898 shares of the utilities provider’s stock valued at $5,537,000 after buying an additional 27,325 shares during the last quarter. 90.50% of the stock is owned by institutional investors and hedge funds.
Shares of ETR traded down $0.13 during mid-day trading on Tuesday, reaching $97.34. The stock had a trading volume of 24,202 shares, compared to its average volume of 1,467,365. The firm has a market cap of $17.88 billion, a P/E ratio of 13.29, a PEG ratio of 2.55 and a beta of 0.40. Entergy Co. has a 12 month low of $75.45 and a 12 month high of $97.62. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.70 and a quick ratio of 0.52.
The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Thursday, May 9th will be given a $0.91 dividend. The ex-dividend date is Wednesday, May 8th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.74%. Entergy’s payout ratio is currently 49.79%.
In related news, EVP Marcus V. Brown sold 31,300 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $94.92, for a total transaction of $2,970,996.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Haley Fisackerly sold 3,501 shares of the company’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $97.00, for a total transaction of $339,597.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 54,104 shares of company stock valued at $5,102,235. Company insiders own 0.27% of the company’s stock.
A number of analysts have commented on the stock. Macquarie set a $100.00 target price on shares of Entergy and gave the company a “buy” rating in a report on Thursday, May 2nd. ValuEngine raised shares of Entergy from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st. Zacks Investment Research cut shares of Entergy from a “buy” rating to a “hold” rating in a report on Tuesday, April 30th. Morgan Stanley raised shares of Entergy from an “equal weight” rating to an “overweight” rating in a report on Thursday, April 18th. Finally, Wells Fargo & Co upped their target price on shares of Entergy from $99.00 to $105.00 and gave the company an “outperform” rating in a report on Thursday, February 21st. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Entergy has an average rating of “Buy” and an average target price of $92.33.
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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