Entergy Corporation (NYSE:ETR) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. reduced its holdings in shares of Entergy Corporation (NYSE:ETR - Free Report) by 1.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 553,506 shares of the utilities provider's stock after selling 7,106 shares during the period. Victory Capital Management Inc. owned approximately 0.13% of Entergy worth $41,967,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Fortis Group Advisors LLC increased its holdings in shares of Entergy by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider's stock valued at $26,000 after purchasing an additional 172 shares during the period. Legacy Investment Solutions LLC acquired a new position in shares of Entergy in the third quarter valued at about $27,000. Duncker Streett & Co. Inc. increased its holdings in shares of Entergy by 100.0% in the fourth quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider's stock valued at $27,000 after purchasing an additional 179 shares during the period. Riverview Trust Co increased its holdings in shares of Entergy by 100.0% in the fourth quarter. Riverview Trust Co now owns 364 shares of the utilities provider's stock valued at $28,000 after purchasing an additional 182 shares during the period. Finally, IFS Advisors LLC acquired a new position in shares of Entergy in the fourth quarter valued at about $30,000. 88.07% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Deanna D. Rodriguez sold 6,088 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $73.94, for a total value of $450,146.72. Following the completion of the sale, the insider now owns 3,952 shares of the company's stock, valued at approximately $292,210.88. This trade represents a 60.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.39% of the company's stock.

Remove Ads

Entergy Price Performance

ETR stock traded up $1.85 during mid-day trading on Tuesday, reaching $82.31. 5,745,234 shares of the company's stock were exchanged, compared to its average volume of 3,253,493. The company has a market cap of $35.43 billion, a price-to-earnings ratio of 33.80, a price-to-earnings-growth ratio of 2.34 and a beta of 0.68. The stock's 50 day moving average is $81.62 and its 200 day moving average is $73.81. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.72 and a quick ratio of 0.59. Entergy Corporation has a 12-month low of $50.19 and a 12-month high of $88.38.

Entergy (NYSE:ETR - Get Free Report) last released its earnings results on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.03. The business had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $3.24 billion. Entergy had a return on equity of 10.68% and a net margin of 8.90%. During the same quarter last year, the business posted $0.26 earnings per share. On average, research analysts expect that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 10th were given a $0.60 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $2.40 annualized dividend and a dividend yield of 2.92%. Entergy's dividend payout ratio (DPR) is presently 98.77%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on ETR. JPMorgan Chase & Co. increased their price objective on Entergy from $87.00 to $98.00 and gave the company an "overweight" rating in a report on Tuesday. KeyCorp lowered Entergy from an "overweight" rating to a "sector weight" rating in a report on Wednesday, December 4th. Wells Fargo & Company upped their target price on Entergy from $85.00 to $97.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 19th. UBS Group upped their target price on Entergy from $72.00 to $90.00 and gave the stock a "buy" rating in a research note on Tuesday, December 3rd. Finally, StockNews.com upgraded Entergy from a "sell" rating to a "hold" rating in a research note on Sunday, December 29th. Six research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $84.11.

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.