Stanley Laman Group Ltd. Cuts Stock Position in Entergy Co. (NYSE:ETR)

Stanley Laman Group Ltd. reduced its position in Entergy Co. (NYSE:ETR) by 2.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,282 shares of the utilities provider’s stock after selling 1,058 shares during the quarter. Stanley Laman Group Ltd.’s holdings in Entergy were worth $4,886,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in ETR. EverSource Wealth Advisors LLC increased its stake in Entergy by 157.1% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 270 shares of the utilities provider’s stock worth $25,000 after buying an additional 165 shares during the period. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Entergy in the third quarter valued at $32,000. Fortis Group Advisors LLC acquired a new position in Entergy during the 3rd quarter worth $32,000. CVA Family Office LLC acquired a new stake in Entergy in the 4th quarter valued at about $41,000. Finally, Millburn Ridgefield Corp purchased a new position in shares of Entergy in the 3rd quarter valued at about $43,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

Insider Transactions at Entergy

In other Entergy news, EVP Marcus V. Brown sold 8,500 shares of the business’s stock in a transaction on 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 approximately $1,019,247.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Kimberly Cook-Nelson sold 2,000 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at $1,609,312.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 transaction of $874,140.00. Following the completion of the transaction, the executive vice president now owns 9,911 shares of the company’s stock, valued at approximately $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 90 days. 0.39% of the stock is currently owned by insiders.

Entergy Stock Performance

Shares of ETR stock traded up $1.07 during trading hours on Thursday, hitting $107.53. The stock had a trading volume of 1,972,147 shares, compared to its average volume of 1,421,156. The stock’s 50 day moving average is $103.28 and its 200 day moving average is $100.57. The firm has a market capitalization of $22.93 billion, a PE ratio of 9.70, a PEG ratio of 2.12 and a beta of 0.71. Entergy Co. has a twelve month low of $87.10 and a twelve month high of $108.97. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.57 and a quick ratio of 0.32.

Entergy (NYSE:ETR) last posted 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). Entergy had a net margin of 19.41% and a return on equity of 10.54%. The business had revenue of $31.17 billion during the quarter, compared to analyst estimates of $3.16 billion. During the same quarter in the prior year, the firm posted $1.14 earnings per share. The company’s revenue for the quarter was down .5% compared to the same quarter last year. As a group, research analysts forecast that Entergy Co. will post 7.22 earnings per share for the current fiscal year.

Entergy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Thursday, May 2nd will be issued a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 4.20%. The ex-dividend date of this dividend is Wednesday, May 1st. Entergy’s payout ratio is currently 40.76%.

Analysts Set New Price Targets

ETR has been the topic of several analyst reports. 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 lowered their target price on shares of Entergy from $108.00 to $107.00 and set an “equal weight” rating for the company in a research note on Monday, April 15th. Scotiabank decreased their price target on Entergy from $111.00 to $104.00 and set a “sector perform” rating for the company in a report on Monday. KeyCorp raised their target price on Entergy from $108.00 to $112.00 and gave the stock an “overweight” rating in a research report on Friday, April 19th. Finally, BMO Capital Markets increased their price target on shares of Entergy from $110.00 to $113.00 and gave the company an “outperform” rating in a research note on Monday, February 26th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $109.45.

About Entergy

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.