Leeward Investments LLC MA Trims Stake in Entergy Co. (NYSE:ETR)

Leeward Investments LLC MA cut its holdings in Entergy Co. (NYSE:ETR - Free Report) by 20.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 115,507 shares of the utilities provider's stock after selling 29,967 shares during the period. Leeward Investments LLC MA owned 0.05% of Entergy worth $15,202,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the stock. Advisors Management Group Inc. ADV boosted its holdings in shares of Entergy by 0.9% in the 3rd quarter. Advisors Management Group Inc. ADV now owns 92,621 shares of the utilities provider's stock worth $12,190,000 after purchasing an additional 835 shares in the last quarter. Spinnaker Trust bought a new position in Entergy during the 3rd quarter valued at approximately $833,000. Crestwood Advisors Group LLC lifted its stake in Entergy by 21.0% in the third quarter. Crestwood Advisors Group LLC now owns 2,918 shares of the utilities provider's stock worth $384,000 after acquiring an additional 506 shares during the period. Asset Management One Co. Ltd. boosted its stake in shares of Entergy by 7.1% during the 3rd quarter. Asset Management One Co. Ltd. now owns 84,528 shares of the utilities provider's stock valued at $11,125,000 after purchasing an additional 5,575 shares in the last quarter. Finally, QRG Capital Management Inc. grew its holdings in shares of Entergy by 80.2% during the 3rd quarter. QRG Capital Management Inc. now owns 128,034 shares of the utilities provider's stock worth $16,851,000 after acquiring an additional 56,964 shares during the period. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on ETR shares. UBS Group upped their price objective on shares of Entergy from $143.00 to $144.00 and gave the stock a "buy" rating in a report on Friday, September 20th. Bank of America cut shares of Entergy from a "buy" rating to a "neutral" rating and lifted their target price for the stock from $138.00 to $154.00 in a report on Monday. BMO Capital Markets increased their price target on shares of Entergy from $146.00 to $166.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Guggenheim boosted their price objective on shares of Entergy from $145.00 to $165.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Finally, KeyCorp increased their target price on Entergy from $143.00 to $162.00 and gave the company an "overweight" rating in a research note on Friday, November 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $150.96.

Insider Transactions at Entergy

In other Entergy news, insider Eliecer Viamontes sold 200 shares of the business's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $147.00, for a total transaction of $29,400.00. Following the sale, the insider now directly owns 4,173 shares of the company's stock, valued at $613,431. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, insider Eliecer Viamontes sold 200 shares of the company's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $147.00, for a total transaction of $29,400.00. Following the transaction, the insider now directly owns 4,173 shares in the company, valued at approximately $613,431. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Andrew S. Marsh sold 19,200 shares of the business's stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $120.35, for a total value of $2,310,720.00. Following the transaction, the chief executive officer now owns 150,731 shares of the company's stock, valued at $18,140,475.85. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 36,338 shares of company stock worth $4,460,238 in the last three months. Insiders own 0.54% of the company's stock.

Entergy Price Performance

Shares of Entergy stock traded down $0.10 during trading on Thursday, reaching $145.96. 1,375,152 shares of the stock traded hands, compared to its average volume of 1,606,160. Entergy Co. has a 52-week low of $94.85 and a 52-week high of $156.85. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.89 and a quick ratio of 0.59. The business has a fifty day simple moving average of $131.25 and a two-hundred day simple moving average of $118.08. The company has a market capitalization of $31.30 billion, a price-to-earnings ratio of 17.86, a P/E/G ratio of 2.69 and a beta of 0.71.

Entergy (NYSE:ETR - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The utilities provider reported $2.99 earnings per share for the quarter, beating the consensus estimate of $2.91 by $0.08. The business 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 quarter last year, the business posted $3.27 EPS. Sell-side analysts expect that Entergy Co. will post 7.21 EPS for the current year.

Entergy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Wednesday, November 13th will be paid a $1.20 dividend. This is a boost from Entergy's previous quarterly dividend of $1.13. This represents a $4.80 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date is Wednesday, November 13th. Entergy's dividend payout ratio (DPR) is presently 55.05%.

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.