Mather Group LLC. Has $465,000 Stock Holdings in Entergy Co. (NYSE:ETR)

Mather Group LLC. decreased its holdings in shares of Entergy Co. (NYSE:ETR) by 6.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,597 shares of the utilities provider’s stock after selling 326 shares during the quarter. Mather Group LLC.’s holdings in Entergy were worth $465,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. FMR LLC lifted its position in Entergy by 64.4% in the 3rd quarter. FMR LLC now owns 4,562,369 shares of the utilities provider’s stock worth $422,019,000 after buying an additional 1,787,977 shares in the last quarter. Bank of Nova Scotia lifted its position in Entergy by 2,786.9% in the 3rd quarter. Bank of Nova Scotia now owns 492,613 shares of the utilities provider’s stock worth $45,567,000 after buying an additional 475,549 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in Entergy by 220.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 685,186 shares of the utilities provider’s stock worth $69,334,000 after buying an additional 471,291 shares in the last quarter. Truist Financial Corp lifted its position in Entergy by 312.3% in the 4th quarter. Truist Financial Corp now owns 573,023 shares of the utilities provider’s stock worth $57,984,000 after buying an additional 434,046 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Entergy by 16.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,506,022 shares of the utilities provider’s stock worth $231,807,000 after buying an additional 352,847 shares in the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on ETR shares. Scotiabank cut their price target on shares of Entergy from $111.00 to $104.00 and set a “sector perform” rating on the stock in a report on Monday, April 22nd. KeyCorp raised their price target on shares of Entergy from $108.00 to $112.00 and gave the company an “overweight” rating in a report on Friday, April 19th. Barclays cut their price target on shares of Entergy from $108.00 to $107.00 and set an “equal weight” rating on the stock in a report on Monday, April 15th. BMO Capital Markets raised their price target on shares of Entergy from $110.00 to $113.00 and gave the company an “outperform” rating in a report on Monday, February 26th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $117.00 price target on shares of Entergy in a report on Monday, February 26th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $109.45.

Entergy Stock Up 1.3 %

Entergy stock opened at $106.98 on Thursday. The stock has a market capitalization of $22.81 billion, a PE ratio of 10.73, a price-to-earnings-growth ratio of 1.98 and a beta of 0.69. Entergy Co. has a twelve month low of $87.10 and a twelve month high of $108.45. The company has a quick ratio of 0.45, a current ratio of 0.69 and a debt-to-equity ratio of 1.68. The company has a 50 day moving average of $103.80 and a 200-day moving average of $100.99.

Entergy (NYSE:ETR) last announced its quarterly earnings data on Wednesday, April 24th. The utilities provider reported $1.08 EPS for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.36). The business had revenue of $31.17 billion during the quarter, compared to the consensus estimate of $3.16 billion. Entergy had a return on equity of 10.20% and a net margin of 17.75%. The business’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.14 EPS. On average, equities research analysts anticipate that Entergy Co. will post 7.22 EPS for the current fiscal year.

Entergy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders 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 yield of 4.23%. The ex-dividend date of this dividend is Wednesday, May 1st. Entergy’s dividend payout ratio (DPR) is currently 45.34%.

Insiders Place Their Bets

In other Entergy news, EVP Marcus V. Brown sold 8,500 shares of the company’s stock in a transaction 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 directly owns 9,911 shares of the company’s stock, valued at $1,019,247.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Marcus V. Brown sold 8,500 shares of the stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $102.84, for a total value of $874,140.00. Following the transaction, the executive vice president now directly owns 9,911 shares of the company’s stock, valued at $1,019,247.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kimberly Cook-Nelson sold 2,000 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $100.35, for a total transaction of $200,700.00. Following the completion of the transaction, the executive vice president now directly owns 16,037 shares in the company, valued at $1,609,312.95. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,000 shares of company stock valued at $1,226,685. 0.39% of the stock is currently owned by corporate insiders.

Entergy 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.