Entergy Co. (ETR) Shares Sold by Piedmont Investment Advisors LLC

Piedmont Investment Advisors LLC decreased its holdings in shares of Entergy Co. (NYSE:ETR) by 12.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,457 shares of the utilities provider’s stock after selling 1,055 shares during the quarter. Piedmont Investment Advisors LLC’s holdings in Entergy were worth $569,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Hudock Capital Group LLC raised its stake in Entergy by 0.4% during the second quarter. Hudock Capital Group LLC now owns 5,014 shares of the utilities provider’s stock worth $384,000 after acquiring an additional 20 shares in the last quarter. Regal Investment Advisors LLC grew its holdings in shares of Entergy by 0.4% during the second quarter. Regal Investment Advisors LLC now owns 6,824 shares of the utilities provider’s stock worth $524,000 after purchasing an additional 27 shares during the last quarter. Advisory Services Network LLC grew its holdings in shares of Entergy by 2.1% during the second quarter. Advisory Services Network LLC now owns 2,335 shares of the utilities provider’s stock worth $179,000 after purchasing an additional 49 shares during the last quarter. Parallel Advisors LLC grew its holdings in shares of Entergy by 3.0% during the second quarter. Parallel Advisors LLC now owns 2,448 shares of the utilities provider’s stock worth $188,000 after purchasing an additional 71 shares during the last quarter. Finally, Bessemer Group Inc. grew its holdings in shares of Entergy by 2.0% during the second quarter. Bessemer Group Inc. now owns 5,360 shares of the utilities provider’s stock worth $411,000 after purchasing an additional 103 shares during the last quarter. 82.95% of the stock is owned by hedge funds and other institutional investors.

In related news, EVP Marcus V. Brown sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, October 13th. The stock was sold at an average price of $82.00, for a total value of $123,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Paul D. Hinnenkamp sold 2,300 shares of the company’s stock in a transaction that occurred on Tuesday, October 17th. The shares were sold at an average price of $84.00, for a total value of $193,200.00. The disclosure for this sale can be found here. Insiders sold 57,812 shares of company stock worth $4,907,522 over the last quarter. 0.24% of the stock is currently owned by company insiders.

ETR has been the topic of several research reports. J P Morgan Chase & Co boosted their price target on Entergy from $83.00 to $84.00 and gave the stock a “neutral” rating in a report on Thursday, October 12th. Bank of America initiated coverage on Entergy in a report on Tuesday, October 24th. They set a “neutral” rating and a $86.00 price target on the stock. Wells Fargo & Company restated an “outperform” rating and set a $96.00 price target (up from $90.00) on shares of Entergy in a report on Wednesday, October 25th. Morgan Stanley boosted their price target on Entergy from $82.00 to $84.00 and gave the stock an “underweight” rating in a report on Friday, September 8th. Finally, TheStreet upgraded Entergy from a “c” rating to a “b-” rating in a report on Friday, October 27th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $83.17.

Shares of Entergy Co. (NYSE ETR) opened at $83.80 on Friday. Entergy Co. has a twelve month low of $69.63 and a twelve month high of $87.95. The company has a market capitalization of $15,105.04, a P/E ratio of 12.40, a P/E/G ratio of 1.73 and a beta of 0.55. The company has a quick ratio of 0.58, a current ratio of 0.78 and a debt-to-equity ratio of 1.61.

Entergy (NYSE:ETR) last announced its earnings results on Tuesday, October 24th. The utilities provider reported $2.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.24 by $0.11. Entergy had a positive return on equity of 14.76% and a negative net margin of 7.82%. The business had revenue of $3.24 billion for the quarter, compared to analysts’ expectations of $3.13 billion. During the same period in the prior year, the business posted $2.31 earnings per share. equities analysts predict that Entergy Co. will post 6.91 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Thursday, November 9th were issued a $0.89 dividend. The ex-dividend date of this dividend was Wednesday, November 8th. This is a boost from Entergy’s previous quarterly dividend of $0.87. This represents a $3.56 annualized dividend and a yield of 4.25%. Entergy’s dividend payout ratio is presently -72.06%.

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Entergy Company Profile

Entergy Corporation is a holding company. The Company is an integrated energy company engaged in electric power production and retail electric distribution operations. The Company operates through two business segments: Utility and Entergy Wholesale Commodities. The Utility segment includes the generation, transmission, distribution and sale of electric power to retail and wholesale customers in areas of Arkansas, Mississippi, Texas and Louisiana, including the City of New Orleans and operates a natural gas distribution business.

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Institutional Ownership by Quarter for Entergy (NYSE:ETR)

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