Benjamin Edwards Inc. Sells 556 Shares of Entergy Co. (NYSE:ETR)

Benjamin Edwards Inc. cut its holdings in Entergy Co. (NYSE:ETR) by 1.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 34,900 shares of the utilities provider’s stock after selling 556 shares during the period. Entergy accounts for approximately 0.8% of Benjamin Edwards Inc.’s portfolio, making the stock its 29th biggest holding. Benjamin Edwards Inc.’s holdings in Entergy were worth $3,532,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of Entergy by 0.4% in the third quarter. Vanguard Group Inc. now owns 26,038,725 shares of the utilities provider’s stock worth $2,408,582,000 after purchasing an additional 104,803 shares during the period. FMR LLC increased its stake in shares of Entergy by 64.4% in the third quarter. FMR LLC now owns 4,562,369 shares of the utilities provider’s stock worth $422,019,000 after purchasing an additional 1,787,977 shares during the period. Ameriprise Financial Inc. increased its stake in shares of Entergy by 1.1% in the third quarter. Ameriprise Financial Inc. now owns 4,506,843 shares of the utilities provider’s stock worth $416,883,000 after purchasing an additional 48,047 shares during the period. Federated Hermes Inc. grew its position in Entergy by 9.8% during the fourth quarter. Federated Hermes Inc. now owns 2,904,933 shares of the utilities provider’s stock worth $293,950,000 after buying an additional 258,806 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in Entergy by 16.4% during the third 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 currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on ETR shares. Barclays decreased their target price on Entergy from $108.00 to $107.00 and set an “equal weight” rating on the stock in a research report on Monday, April 15th. Scotiabank decreased their target price 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. KeyCorp lifted 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. BMO Capital Markets lifted their target price on Entergy from $110.00 to $113.00 and gave the stock an “outperform” rating in a research report on Monday, February 26th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $117.00 price objective on shares of Entergy 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 eight have issued a buy rating to the stock. According to data from MarketBeat.com, Entergy presently has a consensus rating of “Moderate Buy” and a consensus price target of $109.45.

Entergy Trading Down 0.2 %

ETR stock traded down $0.23 during trading on Thursday, hitting $106.75. The company had a trading volume of 417,842 shares, compared to its average volume of 1,415,294. 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 firm has a 50-day moving average price of $103.80 and a 200-day moving average price of $100.99. Entergy Co. has a 12 month low of $87.10 and a 12 month high of $108.45. The stock has a market cap of $22.76 billion, a price-to-earnings ratio of 10.73, a PEG ratio of 1.98 and a beta of 0.69.

Entergy (NYSE:ETR) last posted its quarterly earnings data 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). Entergy had a return on equity of 10.20% and a net margin of 17.75%. The company had revenue of $31.17 billion during the quarter, compared to the consensus estimate of $3.16 billion. During the same quarter last year, the firm earned $1.14 EPS. The business’s revenue for the quarter was down .5% on a year-over-year basis. As a group, analysts predict that Entergy Co. will post 7.22 earnings per share for the current year.

Entergy Announces Dividend

The firm also recently announced 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 dividend yield of 4.23%. The ex-dividend date of this dividend is Wednesday, May 1st. Entergy’s payout ratio is 45.34%.

Insider Buying and Selling at Entergy

In other Entergy news, EVP Kimberly Cook-Nelson sold 2,000 shares of the company’s stock in a transaction on 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 sale, the executive vice president now owns 16,037 shares in the company, valued at approximately $1,609,312.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Deanna D. Rodriguez sold 1,500 shares of the company’s 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 approximately $348,433.66. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, 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 completion of the transaction, the executive vice president now directly owns 16,037 shares of the company’s stock, valued at $1,609,312.95. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,000 shares of company stock worth $1,226,685. 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.