Van ECK Associates Corp Has $4.86 Million Position in Entergy Co. (NYSE:ETR)

Van ECK Associates Corp lessened its holdings in shares of Entergy Co. (NYSE:ETR) by 3.1% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 47,995 shares of the utilities provider’s stock after selling 1,531 shares during the period. Van ECK Associates Corp’s holdings in Entergy were worth $4,857,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Commonwealth Equity Services LLC increased its stake in shares of Entergy by 1.2% in the 3rd quarter. Commonwealth Equity Services LLC now owns 38,239 shares of the utilities provider’s stock valued at $3,537,000 after buying an additional 467 shares during the period. SVB Wealth LLC raised its holdings in Entergy by 7.1% during the 3rd quarter. SVB Wealth LLC now owns 2,513 shares of the utilities provider’s stock worth $232,000 after purchasing an additional 166 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in Entergy by 14.8% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 26,021 shares of the utilities provider’s stock valued at $2,407,000 after purchasing an additional 3,345 shares during the period. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Entergy by 5.5% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 49,951 shares of the utilities provider’s stock valued at $4,620,000 after purchasing an additional 2,588 shares during the last quarter. Finally, Stratos Wealth Partners LTD. grew its position in shares of Entergy by 6.2% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 6,533 shares of the utilities provider’s stock worth $604,000 after buying an additional 382 shares during the period. 88.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on ETR. Scotiabank reduced their price target on Entergy from $111.00 to $104.00 and set a “sector perform” rating on the stock in a research report on Monday, April 22nd. 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 reiterated an “outperform” rating and set a $117.00 target price on shares of Entergy in a report on Monday, February 26th. BMO Capital Markets increased their price target on Entergy from $110.00 to $113.00 and gave the stock an “outperform” rating in a report on Monday, February 26th. Finally, KeyCorp raised their price target on Entergy from $108.00 to $112.00 and gave the stock an “overweight” rating in a research report on Friday, April 19th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $109.45.

Entergy Stock Up 0.9 %

NYSE:ETR opened at $108.08 on Monday. The company has a market cap of $23.05 billion, a PE ratio of 10.84, a PEG ratio of 2.01 and a beta of 0.69. The stock has a 50-day simple moving average of $104.02 and a 200 day simple moving average of $101.21. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.45 and a current ratio of 0.69. Entergy Co. has a 52-week low of $87.10 and a 52-week high of $108.45.

Entergy (NYSE:ETR) last issued its quarterly earnings results on Wednesday, April 24th. The utilities provider reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.44 by ($0.36). The business had revenue of $31.17 billion for 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%. Entergy’s revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.14 earnings per share. On average, sell-side analysts expect that Entergy Co. will post 7.22 EPS for the current fiscal year.

Entergy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Thursday, May 2nd will be paid a dividend of $1.13 per share. The ex-dividend date is Wednesday, May 1st. This represents a $4.52 dividend on an annualized basis and a dividend yield of 4.18%. Entergy’s dividend payout ratio is 45.34%.

Insider Activity

In related news, EVP Kimberly Cook-Nelson sold 2,000 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $100.35, for a total transaction of $200,700.00. Following the sale, the executive vice president now owns 16,037 shares in the company, valued at $1,609,312.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Entergy news, insider Deanna D. Rodriguez sold 1,500 shares of the stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $101.23, for a total value of $151,845.00. Following the completion of the sale, the insider now owns 3,442 shares in the company, valued at $348,433.66. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Kimberly Cook-Nelson sold 2,000 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $100.35, for a total transaction of $200,700.00. Following the transaction, the executive vice president now owns 16,037 shares in the company, valued at $1,609,312.95. The disclosure for this sale can be found here. Insiders sold 12,000 shares of company stock worth $1,226,685 in the last quarter. Corporate insiders own 0.39% 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.