Lmcg Investments LLC Has $20.20 Million Stock Holdings in Entergy Co. (NYSE:ETR)

Lmcg Investments LLC reduced its holdings in shares of Entergy Co. (NYSE:ETR) by 7.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 153,467 shares of the utilities provider’s stock after selling 13,227 shares during the quarter. Entergy accounts for about 1.2% of Lmcg Investments LLC’s holdings, making the stock its 16th biggest position. Lmcg Investments LLC owned approximately 0.07% of Entergy worth $20,198,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. State Board of Administration of Florida Retirement System lifted its position in shares of Entergy by 6.3% during the first quarter. State Board of Administration of Florida Retirement System now owns 234,595 shares of the utilities provider’s stock valued at $25,275,000 after purchasing an additional 13,882 shares in the last quarter. Acadian Asset Management LLC raised its position in Entergy by 55.4% in the first quarter. Acadian Asset Management LLC now owns 14,877 shares of the utilities provider’s stock worth $1,571,000 after acquiring an additional 5,303 shares during the period. Meeder Asset Management Inc. bought a new stake in Entergy in the first quarter worth about $1,245,000. Cetera Advisors LLC raised its position in Entergy by 145.2% in the first quarter. Cetera Advisors LLC now owns 24,136 shares of the utilities provider’s stock worth $2,551,000 after acquiring an additional 14,293 shares during the period. Finally, O Shaughnessy Asset Management LLC raised its position in Entergy by 17.5% in the first quarter. O Shaughnessy Asset Management LLC now owns 41,605 shares of the utilities provider’s stock worth $4,397,000 after acquiring an additional 6,197 shares during the period. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Entergy

In other news, CEO Andrew S. Marsh sold 3,200 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $121.46, for a total value of $388,672.00. Following the transaction, the chief executive officer now owns 150,731 shares in the company, valued at $18,307,787.26. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Andrew S. Marsh sold 600 shares of the firm’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $120.03, for a total value of $72,018.00. Following the completion of the transaction, the chief executive officer now directly owns 150,731 shares of the company’s stock, valued at approximately $18,092,241.93. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Andrew S. Marsh sold 3,200 shares of the firm’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $121.46, for a total transaction of $388,672.00. Following the completion of the transaction, the chief executive officer now directly owns 150,731 shares of the company’s stock, valued at approximately $18,307,787.26. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 50,810 shares of company stock worth $6,140,626 in the last quarter. Company insiders own 0.39% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on ETR. Barclays lowered their price target on shares of Entergy from $138.00 to $137.00 and set an “overweight” rating on the stock in a research report on Monday, October 7th. KeyCorp boosted their price target on shares of Entergy from $143.00 to $162.00 and gave the company an “overweight” rating in a research report on Friday. Guggenheim boosted their price target on shares of Entergy from $145.00 to $165.00 and gave the company a “buy” rating in a research report on Friday. Wells Fargo & Company boosted their price target on shares of Entergy from $137.00 to $170.00 and gave the company an “overweight” rating in a research report on Friday. Finally, Argus raised shares of Entergy to a “strong-buy” rating in a research report on Wednesday, August 28th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Entergy has a consensus rating of “Moderate Buy” and a consensus target price of $141.96.

Entergy Trading Down 6.5 %

NYSE ETR traded down $9.99 during trading on Friday, hitting $144.79. The company had a trading volume of 3,871,509 shares, compared to its average volume of 1,598,875. The company has a current ratio of 0.94, a quick ratio of 0.62 and a debt-to-equity ratio of 1.81. Entergy Co. has a one year low of $94.85 and a one year high of $156.85. The company has a market cap of $30.96 billion, a price-to-earnings ratio of 17.64, a price-to-earnings-growth ratio of 2.54 and a beta of 0.74. The company’s fifty day moving average is $129.72 and its 200-day moving average is $117.12.

Entergy (NYSE:ETR) last released its earnings results on Thursday, October 31st. The utilities provider reported $2.99 earnings per share for the quarter, topping analysts’ consensus estimates of $2.91 by $0.08. The firm had revenue of $3.39 billion for the quarter, compared to the consensus estimate of $3.46 billion. Entergy had a net margin of 14.75% and a return on equity of 10.10%. During the same period in the prior year, the firm earned $3.27 EPS. On average, sell-side analysts predict that Entergy Co. will post 7.21 earnings per share for the current year.

Entergy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Wednesday, November 13th will be issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date of this dividend is Wednesday, November 13th. This is an increase from Entergy’s previous quarterly dividend of $1.13. Entergy’s dividend payout ratio (DPR) is presently 58.47%.

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.