Entergy Co. (NYSE:ETR) Shares Sold by Sentry Investment Management LLC

Sentry Investment Management LLC trimmed its holdings in Entergy Co. (NYSE:ETR) by 9.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 1,112 shares of the utilities provider’s stock after selling 119 shares during the period. Sentry Investment Management LLC’s holdings in Entergy were worth $113,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in ETR. FMR LLC lifted its holdings in shares of Entergy by 64.4% in the third quarter. FMR LLC now owns 4,562,369 shares of the utilities provider’s stock valued at $422,019,000 after purchasing an additional 1,787,977 shares in the last quarter. Zimmer Partners LP lifted its stake in Entergy by 16,815.8% in the 2nd quarter. Zimmer Partners LP now owns 1,319,436 shares of the utilities provider’s stock worth $128,473,000 after acquiring an additional 1,311,636 shares in the last quarter. State Street Corp boosted its position in Entergy by 8.1% during the 1st quarter. State Street Corp now owns 12,122,596 shares of the utilities provider’s stock worth $1,415,313,000 after acquiring an additional 908,932 shares during the period. Price T Rowe Associates Inc. MD grew its stake in Entergy by 64.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,944,167 shares of the utilities provider’s stock valued at $209,465,000 after acquiring an additional 762,393 shares in the last quarter. Finally, Millennium Management LLC increased its holdings in shares of Entergy by 86.0% in the 4th quarter. Millennium Management LLC now owns 1,633,335 shares of the utilities provider’s stock valued at $183,750,000 after purchasing an additional 754,971 shares during the period. Institutional investors own 88.07% of the company’s stock.

Insider Transactions at Entergy

In related news, insider Deanna D. Rodriguez sold 1,500 shares of the firm’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $101.23, for a total value of $151,845.00. Following the transaction, the insider now directly owns 3,442 shares in the company, valued at approximately $348,433.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Marcus V. Brown sold 8,500 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $102.84, for a total transaction of $874,140.00. Following the completion of the sale, the executive vice president now owns 9,911 shares in the company, valued at approximately $1,019,247.24. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Deanna D. Rodriguez sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $101.23, for a total value of $151,845.00. Following the completion of the sale, the insider now directly owns 3,442 shares in the company, valued at approximately $348,433.66. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,000 shares of company stock worth $1,226,685. 0.39% of the stock is owned by insiders.

Entergy Stock Up 2.6 %

ETR stock opened at $103.19 on Thursday. The firm has a market cap of $22.00 billion, a PE ratio of 9.30, a PEG ratio of 1.99 and a beta of 0.71. Entergy Co. has a 1 year low of $87.10 and a 1 year high of $109.85. The company has a fifty day simple moving average of $102.31 and a 200 day simple moving average of $99.98. The company has a current ratio of 0.57, a quick ratio of 0.32 and a debt-to-equity ratio of 1.57.

Entergy (NYSE:ETR) last posted its earnings results on Thursday, February 22nd. The utilities provider reported $0.52 earnings per share for the quarter, meeting the consensus estimate of $0.52. The company had revenue of $2.72 billion for the quarter, compared to analyst estimates of $3.27 billion. Entergy had a return on equity of 10.54% and a net margin of 19.41%. During the same period last year, the company earned $0.51 earnings per share. Sell-side analysts anticipate that Entergy Co. will post 7.22 EPS for the current fiscal year.

Entergy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Thursday, May 2nd will be given a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 4.38%. The ex-dividend date of this dividend is Wednesday, May 1st. Entergy’s dividend payout ratio is 40.76%.

Analyst Upgrades and Downgrades

ETR has been the topic of a number of research analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $117.00 price objective on shares of Entergy in a research report on Monday, February 26th. Barclays lowered their price target on shares of Entergy from $108.00 to $107.00 and set an “equal weight” rating on the stock in a report on Monday. Finally, BMO Capital Markets increased their price objective on Entergy from $110.00 to $113.00 and gave the stock an “outperform” rating in a report on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $109.78.

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.