Entergy Co. (NYSE:ETR) Stock Position Increased by Ausbil Investment Management Ltd

Ausbil Investment Management Ltd raised its position in shares of Entergy Co. (NYSE:ETR) by 11.4% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 97,218 shares of the utilities provider’s stock after acquiring an additional 9,986 shares during the period. Entergy makes up about 3.7% of Ausbil Investment Management Ltd’s investment portfolio, making the stock its 6th largest position. Ausbil Investment Management Ltd’s holdings in Entergy were worth $12,795,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in ETR. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in Entergy by 12.4% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,926,492 shares of the utilities provider’s stock valued at $741,135,000 after purchasing an additional 763,834 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Entergy by 47.1% in the second quarter. Ameriprise Financial Inc. now owns 6,479,044 shares of the utilities provider’s stock worth $693,260,000 after buying an additional 2,075,776 shares during the period. Capital International Investors lifted its stake in shares of Entergy by 64.2% during the 1st quarter. Capital International Investors now owns 4,170,045 shares of the utilities provider’s stock worth $440,690,000 after acquiring an additional 1,630,057 shares during the last quarter. ClearBridge Investments Ltd boosted its holdings in Entergy by 0.6% during the 2nd quarter. ClearBridge Investments Ltd now owns 3,137,110 shares of the utilities provider’s stock valued at $335,671,000 after acquiring an additional 20,025 shares during the period. Finally, Capital Research Global Investors grew its position in Entergy by 22.5% in the 1st quarter. Capital Research Global Investors now owns 2,753,248 shares of the utilities provider’s stock valued at $290,963,000 after acquiring an additional 505,705 shares during the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Insider Activity

In other news, CEO Andrew S. Marsh sold 19,200 shares of the company’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $120.35, for a total value of $2,310,720.00. Following the sale, the chief executive officer now owns 150,731 shares in the company, valued at $18,140,475.85. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Andrew S. Marsh sold 3,200 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $121.46, for a total transaction of $388,672.00. Following the sale, the chief executive officer now directly owns 150,731 shares in the company, valued at $18,307,787.26. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew S. Marsh sold 19,200 shares of the company’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $120.35, for a total value of $2,310,720.00. Following the completion of the transaction, the chief executive officer now directly owns 150,731 shares of the company’s stock, valued at $18,140,475.85. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 50,810 shares of company stock valued at $6,140,626 in the last ninety days. Insiders own 0.39% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on ETR. UBS Group lifted their target price on Entergy from $143.00 to $144.00 and gave the stock a “buy” rating in a research report on Friday, September 20th. Morgan Stanley lifted their price objective on shares of Entergy from $109.00 to $115.00 and gave the company an “underweight” rating in a report on Wednesday, September 25th. Argus upgraded shares of Entergy to a “strong-buy” rating in a research note on Wednesday, August 28th. Bank of America raised their target price on shares of Entergy from $135.00 to $138.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th. Finally, Royal Bank of Canada boosted their price target on Entergy from $137.00 to $140.00 and gave the company an “outperform” rating in a report on Monday, October 14th. One analyst has rated the stock with a sell rating, two have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Entergy presently has a consensus rating of “Moderate Buy” and a consensus price target of $131.19.

Entergy Stock Up 0.3 %

ETR traded up $0.47 on Thursday, hitting $137.42. The company had a trading volume of 373,677 shares, compared to its average volume of 1,546,753. The stock has a market capitalization of $29.34 billion, a price-to-earnings ratio of 13.74, a P/E/G ratio of 2.46 and a beta of 0.74. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.62 and a current ratio of 0.94. The stock has a fifty day moving average price of $126.75 and a 200-day moving average price of $115.48. Entergy Co. has a 12-month low of $90.78 and a 12-month high of $137.65.

Entergy (NYSE:ETR) last announced its earnings results on Thursday, August 1st. The utilities provider reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.16. The firm had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $2.98 billion. Entergy had a return on equity of 10.10% and a net margin of 14.75%. During the same period in the previous year, the business earned $1.84 EPS. Analysts predict that Entergy Co. will post 7.22 EPS for the current fiscal year.

Entergy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 13th were paid a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 3.29%. The ex-dividend date of this dividend was Tuesday, August 13th. Entergy’s payout ratio is 45.34%.

Entergy Company 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.