Oak Thistle LLC Makes New $622,000 Investment in Entergy Co. (NYSE:ETR)

Oak Thistle LLC purchased a new position in shares of Entergy Co. (NYSE:ETRFree Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 6,151 shares of the utilities provider’s stock, valued at approximately $622,000.

A number of other institutional investors have also recently bought and sold shares of ETR. Fairfield Bush & CO. acquired a new stake in Entergy during the first quarter worth $29,000. Dimensional Fund Advisors LP lifted its holdings in shares of Entergy by 1.8% during the first quarter. Dimensional Fund Advisors LP now owns 637,493 shares of the utilities provider’s stock valued at $74,429,000 after acquiring an additional 11,568 shares during the period. Blair William & Co. IL lifted its holdings in shares of Entergy by 20.0% during the first quarter. Blair William & Co. IL now owns 44,607 shares of the utilities provider’s stock valued at $5,208,000 after acquiring an additional 7,434 shares during the period. Sei Investments Co. lifted its holdings in shares of Entergy by 52.8% during the first quarter. Sei Investments Co. now owns 189,102 shares of the utilities provider’s stock valued at $22,074,000 after acquiring an additional 65,376 shares during the period. Finally, Allianz Asset Management GmbH lifted its holdings in shares of Entergy by 37.7% during the first quarter. Allianz Asset Management GmbH now owns 288,794 shares of the utilities provider’s stock valued at $33,717,000 after acquiring an additional 79,137 shares during the period. Institutional investors and hedge funds own 88.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on ETR shares. Royal Bank of Canada reissued an “outperform” rating and set a $117.00 price objective on shares of Entergy in a report on Monday, February 26th. Barclays lifted their price objective on Entergy from $105.00 to $108.00 and gave the company an “equal weight” rating in a report on Thursday, March 14th. Finally, BMO Capital Markets lifted their price objective on Entergy from $110.00 to $113.00 and gave the company an “outperform” rating in a report on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $110.60.

Get Our Latest Stock Report on ETR

Insiders Place Their Bets

In other Entergy news, insider Deanna D. Rodriguez sold 1,500 shares of the business’s 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 of the company’s stock, valued at approximately $348,433.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Marcus V. Brown sold 8,500 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $102.84, for a total transaction of $874,140.00. Following the completion of the transaction, the executive vice president now directly owns 9,911 shares in the company, valued at approximately $1,019,247.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Deanna D. Rodriguez sold 1,500 shares of the business’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $101.23, for a total value of $151,845.00. Following the transaction, the insider now owns 3,442 shares of the company’s stock, valued at $348,433.66. The disclosure for this sale can be found here. In the last three months, insiders sold 12,000 shares of company stock valued at $1,226,685. 0.39% of the stock is currently owned by insiders.

Entergy Stock Performance

Entergy stock opened at $104.40 on Thursday. The stock has a market capitalization of $22.26 billion, a price-to-earnings ratio of 9.41, a P/E/G ratio of 2.08 and a beta of 0.71. Entergy Co. has a 12-month low of $87.10 and a 12-month high of $111.90. The company has a quick ratio of 0.32, a current ratio of 0.57 and a debt-to-equity ratio of 1.57. The stock has a 50-day simple moving average of $101.38 and a 200 day simple moving average of $99.38.

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

Entergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 9th were issued a dividend of $1.13 per share. The ex-dividend date was Thursday, February 8th. This represents a $4.52 annualized dividend and a yield of 4.33%. Entergy’s dividend payout ratio is currently 40.76%.

Entergy Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Entergy (NYSE:ETR)

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