Guidance Capital Inc. Has $596,000 Stock Position in Entergy Co. (NYSE:ETR)

Guidance Capital Inc. reduced its stake in Entergy Co. (NYSE:ETR) by 54.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,822 shares of the utilities provider’s stock after selling 7,033 shares during the quarter. Guidance Capital Inc.’s holdings in Entergy were worth $596,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Wealth Alliance increased its holdings in Entergy by 1.2% in the fourth quarter. Wealth Alliance now owns 8,201 shares of the utilities provider’s stock worth $830,000 after purchasing an additional 101 shares in the last quarter. Marino Stram & Associates LLC increased its holdings in Entergy by 1.8% in the fourth quarter. Marino Stram & Associates LLC now owns 5,778 shares of the utilities provider’s stock worth $585,000 after purchasing an additional 102 shares in the last quarter. Prossimo Advisors LLC increased its holdings in Entergy by 2.5% in the fourth quarter. Prossimo Advisors LLC now owns 4,512 shares of the utilities provider’s stock worth $457,000 after purchasing an additional 110 shares in the last quarter. Stratos Wealth Partners LTD. increased its holdings in Entergy by 1.9% in the fourth quarter. Stratos Wealth Partners LTD. now owns 6,657 shares of the utilities provider’s stock worth $674,000 after purchasing an additional 124 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC increased its holdings in Entergy by 2.3% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 5,550 shares of the utilities provider’s stock worth $562,000 after purchasing an additional 126 shares in the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Entergy news, insider Haley Fisackerly sold 1,500 shares of the business’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $110.23, for a total value of $165,345.00. Following the transaction, the insider now owns 2,479 shares of the company’s stock, valued at $273,260.17. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Entergy news, insider Haley Fisackerly sold 1,500 shares of the business’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $110.23, for a total value of $165,345.00. Following the transaction, the insider now owns 2,479 shares of the company’s stock, valued at $273,260.17. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Reginald T. Jackson sold 9,229 shares of the business’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $108.71, for a total value of $1,003,284.59. Following the completion of the transaction, the chief accounting officer now directly owns 2,166 shares in the company, valued at approximately $235,465.86. The disclosure for this sale can be found here. Insiders own 0.39% of the company’s stock.

Entergy Stock Up 0.2 %

Shares of NYSE:ETR traded up $0.24 during mid-day trading on Friday, hitting $107.00. 2,553,346 shares of the company traded hands, compared to its average volume of 1,711,242. The stock has a market cap of $22.85 billion, a P/E ratio of 10.73, a P/E/G ratio of 2.02 and a beta of 0.73. The company has a current ratio of 0.69, a quick ratio of 0.45 and a debt-to-equity ratio of 1.68. Entergy Co. has a 12-month low of $87.10 and a 12-month high of $114.28. The stock has a 50-day moving average price of $108.89 and a two-hundred day moving average price of $104.31.

Entergy (NYSE:ETR) last announced its earnings results on Wednesday, April 24th. The utilities provider reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.44 by ($0.36). The company had revenue of $31.17 billion for the quarter, compared to analysts’ expectations of $3.16 billion. Entergy had a net margin of 17.75% and a return on equity of 10.20%. The firm’s quarterly revenue was down .5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.14 EPS. On average, equities research analysts forecast that Entergy Co. will post 7.22 earnings per share for the current year.

Entergy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Thursday, May 2nd were given a $1.13 dividend. The ex-dividend date was Wednesday, May 1st. This represents a $4.52 annualized dividend and a yield of 4.22%. Entergy’s dividend payout ratio is currently 45.34%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ETR. Barclays lifted their target price on Entergy from $107.00 to $116.00 and gave the stock an “equal weight” rating in a report on Wednesday, June 5th. BMO Capital Markets boosted their price objective on Entergy from $118.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday, June 6th. Mizuho boosted their price objective on Entergy from $107.00 to $114.00 and gave the company a “buy” rating in a report on Friday, May 31st. Wells Fargo & Company boosted their price objective on Entergy from $122.00 to $125.00 and gave the company an “overweight” rating in a report on Wednesday, June 5th. Finally, Scotiabank decreased their price objective on Entergy from $111.00 to $104.00 and set a “sector perform” rating for the company in a report on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $113.73.

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.