Entergy Co. (NYSE:ETR) Shares Sold by Amalgamated Bank

Amalgamated Bank lessened its stake in shares of Entergy Co. (NYSE:ETR) by 15.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 43,767 shares of the utilities provider’s stock after selling 8,255 shares during the period. Amalgamated Bank’s holdings in Entergy were worth $4,625,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of ETR. FMR LLC grew its stake in Entergy by 64.4% during the 3rd quarter. FMR LLC now owns 4,562,369 shares of the utilities provider’s stock valued at $422,019,000 after acquiring an additional 1,787,977 shares in the last quarter. Norges Bank purchased a new stake in Entergy during the 4th quarter valued at about $127,675,000. Confluence Investment Management LLC purchased a new stake in Entergy during the 1st quarter valued at about $92,257,000. Franklin Resources Inc. grew its stake in Entergy by 25.2% during the 4th quarter. Franklin Resources Inc. now owns 3,961,859 shares of the utilities provider’s stock valued at $400,901,000 after acquiring an additional 796,316 shares in the last quarter. Finally, ClearBridge Investments Ltd grew its stake in shares of Entergy by 29.3% in the 4th quarter. ClearBridge Investments Ltd now owns 3,115,468 shares of the utilities provider’s stock valued at $315,254,000 after buying an additional 706,059 shares during the period. Institutional investors and hedge funds own 88.07% of the company’s stock.

Insiders Place Their Bets

In other Entergy news, insider Haley Fisackerly sold 1,500 shares of the stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $110.23, for a total transaction of $165,345.00. Following the sale, the insider now directly owns 2,479 shares in the company, valued at approximately $273,260.17. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, insider Haley Fisackerly sold 1,500 shares of the firm’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $110.23, for a total value of $165,345.00. Following the sale, the insider now directly owns 2,479 shares in the company, valued at approximately $273,260.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Reginald T. Jackson sold 9,229 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $108.71, for a total transaction of $1,003,284.59. Following the completion of the sale, the chief accounting officer now owns 2,166 shares in the company, valued at $235,465.86. The disclosure for this sale can be found here. Insiders have sold a total of 22,729 shares of company stock worth $2,395,315 in the last ninety days. 0.39% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Barclays dropped their price target on shares of Entergy from $108.00 to $107.00 and set an “equal weight” rating for the company in a research note on Monday, April 15th. BMO Capital Markets increased their price target on shares of Entergy from $110.00 to $113.00 and gave the company an “outperform” rating in a research note on Monday, February 26th. KeyCorp increased their price target on shares of Entergy from $112.00 to $123.00 and gave the company an “overweight” rating in a research note on Monday. Royal Bank of Canada reissued an “outperform” rating and issued a $117.00 price target on shares of Entergy in a research note on Monday, February 26th. Finally, Scotiabank lowered their price objective on shares of Entergy from $111.00 to $104.00 and set a “sector perform” rating for the company in a research report on Monday, April 22nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Entergy has an average rating of “Moderate Buy” and an average target price of $110.45.

Entergy Stock Down 2.9 %

Entergy stock traded down $3.32 during mid-day trading on Thursday, reaching $109.38. 1,628,051 shares of the company’s stock were exchanged, compared to its average volume of 1,466,823. The company has a market cap of $23.36 billion, a P/E ratio of 11.31, a P/E/G ratio of 2.16 and a beta of 0.69. Entergy Co. has a twelve month low of $87.10 and a twelve month high of $114.28. 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 company has a fifty day moving average of $106.63 and a 200-day moving average of $102.77.

Entergy (NYSE:ETR) last released its earnings results on Wednesday, April 24th. The utilities provider reported $1.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.36). The business had revenue of $31.17 billion for the quarter, compared to analyst estimates of $3.16 billion. Entergy had a return on equity of 10.20% and a net margin of 17.75%. Entergy’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter last year, the company earned $1.14 earnings per share. Sell-side analysts expect that Entergy Co. will post 7.23 EPS for the current year.

Entergy Dividend Announcement

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 issued a dividend of $1.13 per share. The ex-dividend date is Wednesday, May 1st. This represents a $4.52 dividend on an annualized basis and a yield of 4.13%. Entergy’s dividend payout ratio (DPR) is presently 45.34%.

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.