Daiwa Securities Group Inc. Has $1.92 Million Holdings in Entergy Co. (NYSE:ETR)

Daiwa Securities Group Inc. grew its stake in shares of Entergy Co. (NYSE:ETR) by 6.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,989 shares of the utilities provider’s stock after acquiring an additional 1,175 shares during the period. Daiwa Securities Group Inc.’s holdings in Entergy were worth $1,921,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of ETR. EverSource Wealth Advisors LLC lifted its position in Entergy by 157.1% during the third quarter. EverSource Wealth Advisors LLC now owns 270 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 165 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Entergy in the third quarter valued at approximately $32,000. Fortis Group Advisors LLC acquired a new stake in shares of Entergy in the third quarter valued at approximately $32,000. Geneos Wealth Management Inc. raised its position in shares of Entergy by 6,000.0% in the third quarter. Geneos Wealth Management Inc. now owns 427 shares of the utilities provider’s stock valued at $39,000 after buying an additional 420 shares in the last quarter. Finally, CVA Family Office LLC acquired a new stake in shares of Entergy in the fourth quarter valued at approximately $41,000. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on ETR shares. Scotiabank dropped their price target on shares of Entergy from $111.00 to $104.00 and set a “sector perform” 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. Barclays lowered their price objective on shares of Entergy from $108.00 to $107.00 and set an “equal weight” rating for the company in a research report on Monday, April 15th. Royal Bank of Canada restated an “outperform” rating and set a $117.00 price objective on shares of Entergy in a research report on Monday, February 26th. Finally, KeyCorp boosted their price objective on shares of Entergy from $108.00 to $112.00 and gave the company an “overweight” rating in a research report on Friday. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Entergy currently has an average rating of “Moderate Buy” and a consensus price target of $109.45.

Entergy Stock Performance

NYSE ETR opened at $107.45 on Tuesday. The firm’s fifty day moving average price is $102.79 and its two-hundred day moving average price is $100.38. The stock has a market cap of $22.91 billion, a PE ratio of 9.69, a PEG ratio of 2.11 and a beta of 0.71. Entergy Co. has a fifty-two week low of $87.10 and a fifty-two week high of $109.53. 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 earnings results on Thursday, February 22nd. The utilities provider reported $0.52 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.52. The firm had revenue of $2.72 billion for 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 firm posted $0.51 earnings per share. On average, equities analysts expect that Entergy Co. will post 7.22 EPS for the current fiscal year.

Entergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Thursday, May 2nd will be issued a $1.13 dividend. The ex-dividend date is Wednesday, May 1st. This represents a $4.52 dividend on an annualized basis and a yield of 4.21%. Entergy’s payout ratio is 40.76%.

Insider Activity at Entergy

In related news, EVP Marcus V. Brown sold 8,500 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $102.84, for a total value of $874,140.00. Following the completion of the sale, the executive vice president now directly owns 9,911 shares in the company, valued at $1,019,247.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Entergy news, insider Deanna D. Rodriguez sold 1,500 shares of the stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $101.23, for a total transaction of $151,845.00. Following the completion of the sale, the insider now directly owns 3,442 shares in the company, valued at approximately $348,433.66. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Marcus V. Brown sold 8,500 shares of the stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $102.84, for a total value 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 disclosure for this sale can be found here. Insiders sold 12,000 shares of company stock worth $1,226,685 over the last three months. Company insiders own 0.54% of the company’s stock.

Entergy Company Profile

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.