Koshinski Asset Management Inc. increased its holdings in shares of Entergy Co. (NYSE:ETR – Get Rating) by 13.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,682 shares of the utilities provider’s stock after buying an additional 200 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Entergy were worth $196,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. BlackRock Inc. boosted its holdings in shares of Entergy by 7.2% in the fourth quarter. BlackRock Inc. now owns 16,965,355 shares of the utilities provider’s stock valued at $1,911,147,000 after buying an additional 1,143,571 shares during the period. Capital International Investors lifted its position in Entergy by 17.1% in the 4th quarter. Capital International Investors now owns 12,028,310 shares of the utilities provider’s stock valued at $1,354,989,000 after acquiring an additional 1,758,132 shares in the last quarter. State Street Corp boosted its stake in Entergy by 0.8% in the 4th quarter. State Street Corp now owns 11,213,664 shares of the utilities provider’s stock worth $1,263,219,000 after purchasing an additional 84,065 shares during the period. Bank of America Corp DE increased its holdings in Entergy by 17.2% during the 4th quarter. Bank of America Corp DE now owns 9,152,114 shares of the utilities provider’s stock worth $1,030,986,000 after purchasing an additional 1,343,409 shares in the last quarter. Finally, Invesco Ltd. Its stake raised in shares of Entergy by 0.4% in the 4th quarter. Invesco Ltd. now owns 6,558,031 shares of the utilities provider’s stock valued at $738,762,000 after purchasing an additional 27,050 shares during the period. Hedge funds and other institutional investors own 88.94% of the company’s stock.
In other news, COO Paul D. Hinnenkamp sold 6,500 shares of the stock in a transaction that occurred on Friday, May 27th. The stock sold at an average price of $120.94, for a total transaction of $786,110.00. Following the transaction, the chief operating officer now owns 26,102 shares in the company, valued at $3,156,775.88. The sale was disclosed in a SEC filing with the SEC, which is available through the SEC website. Also, insider Deanna D. Rodriguez sold 256 shares of the business’s stock in a transaction on Friday, April 29th. The shares were sold at an average price of $120.22, for a total value of $30,776.32. Following the completion of the sale, the insider now owns 3,108 shares of the company’s stock, valued at $373,643.76. The disclosure for this sale can be found here. Insiders sold 10,824 shares of company stock worth $1,327,908 over the last three months. Insiders own 0.37% of the company’s stock.
Entergy stock opened at $115.30 on Tuesday. The stock has a 50-day simple moving average of $115.54 and a 200-day simple moving average of $113.34. The stock has a market capitalization of $23.45 billion, a P/E ratio of 22.00, a PEG ratio of 2.71 and a beta of 0.60. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.49 and a current ratio of 0.72. Entergy Co. has a 52 week low of $98.50 and a 52 week high of $126.82.
Entergy (NYSE:ETR – Get Rating) last released its quarterly earnings data on Wednesday, April 27th. The utilities provider reported $1.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.06). Entergy had a net margin of 8.99% and a return on equity of 10.44%. The business had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same period in the previous year, the business earned $1.47 earnings per share. Research analysts forecast that Entergy Co. will post 6.35 earnings per share for the current year.
The business was also recently disclosed a quarterly dividend, which paid on Wednesday, June1st. Shareholders of record on Thursday, May 5th were issued a $1.01 dividend. The ex-dividend date was Wednesday, May 4th. This represents a $4.04 annualized dividend and a dividend yield of 3.50%. Entergy’s dividend payout ratio is currently 77.10%.
ETR has been the topic of a number of recent research reports. The Goldman Sachs Group set a $224.00 target price on Entergy in a research report on Monday, May 16th. Mizuho cut their price objective on shares of Entergy from $127.00 to $123.00 and set a “buy” rating on the stock in a research report on Wednesday, June 29th. BMO Capital Markets decreased their target price on shares of Entergy from $137.00 to $125.00 in a research report on Tuesday, June 14th. Baader Bank set a $188.00 price target on shares of Entergy in a research note on Wednesday, May 18th. Finally, StockNews.com started coverage on shares of Entergy in a research note on Thursday, March 31st. They set a “hold” rating for the company. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $121.93.
Entergy Profile (Get Rating)
Entergy Corporation, together with its subsidiaries, engages in the production and distribution of electricity in the United States. It operates in two segments, Utility and Entergy Wholesale Commodities. The Utility segment 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.
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