Stanley Laman Group Ltd. Trims Stake in Entergy Co. (NYSE:ETR)

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

Several other institutional investors and hedge funds have also modified their holdings of ETR. EverSource Wealth Advisors LLC grew its holdings in Entergy by 157.1% during the third quarter. EverSource Wealth Advisors LLC now owns 270 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 165 shares during the period. Annis Gardner Whiting Capital Advisors LLC bought a new stake in Entergy during the 3rd quarter worth approximately $32,000. Fortis Group Advisors LLC purchased a new position in Entergy during the third quarter valued at approximately $32,000. CVA Family Office LLC bought a new position in shares of Entergy in the fourth quarter worth approximately $41,000. Finally, Millburn Ridgefield Corp bought a new stake in shares of Entergy during the 3rd quarter valued at $43,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Entergy Trading Up 1.0 %

Shares of Entergy stock traded up $1.07 on Thursday, reaching $107.53. The company had a trading volume of 1,972,147 shares, compared to its average volume of 1,421,156. The firm’s 50-day moving average price is $103.28 and its two-hundred day moving average price is $100.57. Entergy Co. has a 1 year low of $87.10 and a 1 year high of $108.97. The firm has a market cap of $22.93 billion, a price-to-earnings ratio of 9.70, a P/E/G ratio of 2.12 and a beta of 0.71. 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 announced its earnings results 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). The firm had revenue of $31.17 billion during the quarter, compared to analysts’ expectations of $3.16 billion. Entergy had a net margin of 19.41% and a return on equity of 10.54%. The company’s revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.14 EPS. As a group, research analysts predict that Entergy Co. will post 7.22 earnings per share for the current fiscal year.

Entergy Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms have commented on ETR. BMO Capital Markets raised their price target on Entergy from $110.00 to $113.00 and gave the company an “outperform” rating in a report on Monday, February 26th. Barclays reduced their price objective on shares of Entergy from $108.00 to $107.00 and set an “equal weight” rating on the stock in a research report on Monday, April 15th. KeyCorp raised their target price on shares of Entergy from $108.00 to $112.00 and gave the company an “overweight” rating in a research note on Friday, April 19th. Royal Bank of Canada reiterated an “outperform” rating and issued a $117.00 price target on shares of Entergy in a research note on Monday, February 26th. Finally, Scotiabank reduced their target price on Entergy from $111.00 to $104.00 and set a “sector perform” rating on the stock in a report on Monday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Entergy has an average rating of “Moderate Buy” and a consensus target price of $109.45.

Insider Activity

In other news, EVP Kimberly Cook-Nelson sold 2,000 shares of Entergy stock in a transaction that occurred 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 of the company’s stock, valued at $1,609,312.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Kimberly Cook-Nelson sold 2,000 shares of the firm’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 in the company, valued at $1,609,312.95. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Marcus V. Brown sold 8,500 shares of Entergy stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $102.84, for a total value of $874,140.00. Following the completion of the sale, the executive vice president now owns 9,911 shares of the company’s stock, valued at $1,019,247.24. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,000 shares of company stock valued at $1,226,685. 0.39% of the stock is currently owned by company insiders.

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.