Robeco Institutional Asset Management B.V. Has $6.04 Million Stake in Entergy Co. (NYSE:ETR)

Robeco Institutional Asset Management B.V. cut its holdings in shares of Entergy Co. (NYSE:ETR - Free Report) by 73.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,901 shares of the utilities provider's stock after selling 129,493 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Entergy were worth $6,041,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Iron Horse Wealth Management LLC bought a new position in Entergy during the 2nd quarter worth $25,000. Heritage Wealth Advisors increased its holdings in Entergy by 2,172.7% in the 1st quarter. Heritage Wealth Advisors now owns 250 shares of the utilities provider's stock valued at $26,000 after buying an additional 239 shares during the period. Cetera Trust Company N.A acquired a new position in Entergy during the 3rd quarter worth approximately $29,000. Fortitude Family Office LLC grew its position in Entergy by 423.8% during the 3rd quarter. Fortitude Family Office LLC now owns 220 shares of the utilities provider's stock worth $29,000 after acquiring an additional 178 shares during the last quarter. Finally, American National Bank increased its stake in shares of Entergy by 93.7% in the second quarter. American National Bank now owns 277 shares of the utilities provider's stock valued at $30,000 after buying an additional 134 shares during the period. 88.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. BMO Capital Markets upped their price target on Entergy from $146.00 to $166.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. Scotiabank boosted their price objective on Entergy from $119.00 to $144.00 and gave the company a "sector perform" rating in a research note on Friday, November 1st. Guggenheim boosted their target price on Entergy from $145.00 to $165.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Royal Bank of Canada boosted their target price on Entergy from $137.00 to $140.00 and gave the stock an "outperform" rating in a research report on Monday, October 14th. Finally, Wells Fargo & Company increased their target price on Entergy from $137.00 to $170.00 and gave the company an "overweight" rating in a report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $150.96.

Entergy Trading Up 2.1 %

Shares of Entergy stock traded up $3.08 during trading hours on Friday, hitting $149.04. The company's stock had a trading volume of 1,117,141 shares, compared to its average volume of 1,602,719. Entergy Co. has a twelve month low of $94.85 and a twelve month high of $156.85. The firm has a fifty day moving average of $131.25 and a 200-day moving average of $118.08. The stock has a market cap of $31.96 billion, a price-to-earnings ratio of 17.78, a P/E/G ratio of 2.69 and a beta of 0.71. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.59 and a current ratio of 0.89.

Entergy (NYSE:ETR - Get Free Report) last announced its earnings results on Thursday, October 31st. The utilities provider reported $2.99 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.91 by $0.08. The firm had revenue of $3.39 billion during the quarter, compared to analysts' expectations of $3.46 billion. Entergy had a return on equity of 9.53% and a net margin of 14.83%. During the same period in the prior year, the firm earned $3.27 EPS. Research analysts forecast that Entergy Co. will post 7.21 EPS for the current year.

Entergy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Wednesday, November 13th will be issued a $1.20 dividend. This is a boost from Entergy's previous quarterly dividend of $1.13. This represents a $4.80 annualized dividend and a dividend yield of 3.22%. The ex-dividend date of this dividend is Wednesday, November 13th. Entergy's dividend payout ratio (DPR) is currently 55.05%.

Insider Activity at Entergy

In other Entergy news, insider Eliecer Viamontes sold 5,166 shares of the firm's stock in a transaction on Friday, August 30th. The stock was sold at an average price of $120.00, for a total transaction of $619,920.00. Following the completion of the transaction, the insider now owns 5,117 shares of the company's stock, valued at approximately $614,040. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Entergy news, CEO Andrew S. Marsh sold 19,200 shares of the company's stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $120.35, for a total transaction of $2,310,720.00. Following the sale, the chief executive officer now owns 150,731 shares in the company, valued at $18,140,475.85. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Eliecer Viamontes sold 5,166 shares of the company's stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $120.00, for a total value of $619,920.00. Following the sale, the insider now owns 5,117 shares in the company, valued at $614,040. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 36,338 shares of company stock valued at $4,460,238 in the last ninety days. Corporate insiders own 0.54% 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.