Twin Capital Management Inc. Lowers Stake in Entergy Co. (NYSE:ETR)

Twin Capital Management Inc. reduced its holdings in shares of Entergy Co. (NYSE:ETR) by 6.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,456 shares of the utilities provider’s stock after selling 253 shares during the period. Twin Capital Management Inc.’s holdings in Entergy were worth $350,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of ETR. Fairfield Bush & CO. purchased a new position in Entergy during the 1st quarter valued at about $29,000. Dimensional Fund Advisors LP lifted its position in Entergy by 1.8% during the 1st 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 raised its holdings in Entergy by 20.0% in the first quarter. Blair William & Co. IL now owns 44,607 shares of the utilities provider’s stock worth $5,208,000 after buying an additional 7,434 shares during the last quarter. Sei Investments Co. raised its holdings in Entergy by 52.8% in the first quarter. Sei Investments Co. now owns 189,102 shares of the utilities provider’s stock worth $22,074,000 after buying an additional 65,376 shares during the last quarter. Finally, Allianz Asset Management GmbH raised its holdings in Entergy by 37.7% in the first quarter. Allianz Asset Management GmbH now owns 288,794 shares of the utilities provider’s stock worth $33,717,000 after buying an additional 79,137 shares during the last quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.

Entergy Trading Up 2.9 %

Shares of ETR opened at $106.77 on Friday. Entergy Co. has a twelve month low of $87.10 and a twelve month high of $109.70. The company has a market cap of $22.77 billion, a P/E ratio of 9.63, a P/E/G ratio of 2.05 and a beta of 0.71. The company has a current ratio of 0.57, a quick ratio of 0.32 and a debt-to-equity ratio of 1.57. The company’s fifty day simple moving average is $102.62 and its 200-day simple moving average is $100.13.

Entergy (NYSE:ETR) last announced its earnings results on Thursday, February 22nd. The utilities provider reported $0.52 earnings per share for the quarter, meeting the consensus estimate of $0.52. Entergy had a net margin of 19.41% and a return on equity of 10.54%. The business had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $3.27 billion. During the same quarter in the prior year, the firm posted $0.51 earnings per share. As a group, analysts expect that Entergy Co. will post 7.22 EPS for the current year.

Entergy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Thursday, May 2nd will be paid a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 4.23%. The ex-dividend date of this dividend is Wednesday, May 1st. Entergy’s dividend payout ratio is currently 40.76%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $117.00 target price on shares of Entergy in a report on Monday, February 26th. Barclays decreased their target price on shares of Entergy from $108.00 to $107.00 and set an “equal weight” rating for the company in a report on Monday, April 15th. KeyCorp upped their price target on shares of Entergy from $108.00 to $112.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, BMO Capital Markets upped their price target on shares of Entergy from $110.00 to $113.00 and gave the stock an “outperform” rating in a research report on Monday, February 26th. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $110.00.

Insider Activity

In other news, EVP Kimberly Cook-Nelson sold 2,000 shares of the 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 sale, the executive vice president now owns 16,037 shares of the company’s stock, valued at $1,609,312.95. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, EVP Kimberly Cook-Nelson sold 2,000 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $100.35, for a total value of $200,700.00. Following the transaction, the executive vice president now directly owns 16,037 shares in the company, valued at $1,609,312.95. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Deanna D. Rodriguez sold 1,500 shares of the company’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 transaction, the insider now owns 3,442 shares in the company, valued at $348,433.66. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,000 shares of company stock valued at $1,226,685. 0.39% of the stock is currently owned by company insiders.

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.