Entergy Corporation (NYSE:ETR) Shares Sold by New Millennium Group LLC

New Millennium Group LLC trimmed its stake in Entergy Corporation (NYSE:ETR) by 75.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 405 shares of the utilities provider’s stock after selling 1,263 shares during the quarter. New Millennium Group LLC’s holdings in Entergy were worth $31,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of ETR. Creative Planning increased its holdings in shares of Entergy by 11.5% during the 2nd quarter. Creative Planning now owns 28,910 shares of the utilities provider’s stock worth $3,093,000 after buying an additional 2,992 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Entergy by 2.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 12,827 shares of the utilities provider’s stock worth $1,373,000 after acquiring an additional 276 shares during the last quarter. Sunbelt Securities Inc. raised its holdings in shares of Entergy by 24.7% in the 2nd quarter. Sunbelt Securities Inc. now owns 1,276 shares of the utilities provider’s stock worth $137,000 after purchasing an additional 253 shares during the period. Clearbridge Investments LLC lifted its stake in shares of Entergy by 15.5% in the 2nd quarter. Clearbridge Investments LLC now owns 3,181 shares of the utilities provider’s stock valued at $340,000 after purchasing an additional 427 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Entergy during the 2nd quarter worth about $3,876,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

Entergy Stock Performance

Shares of ETR opened at $81.17 on Friday. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.59 and a current ratio of 0.89. The firm has a fifty day moving average of $77.11 and a 200-day moving average of $68.51. The company has a market cap of $34.81 billion, a price-to-earnings ratio of 19.77, a price-to-earnings-growth ratio of 2.44 and a beta of 0.71. Entergy Corporation has a 1 year low of $48.08 and a 1 year high of $84.26.

Entergy (NYSE:ETR) last posted its earnings results on Thursday, October 31st. The utilities provider reported $1.50 EPS for the quarter, beating the consensus estimate of $1.46 by $0.04. Entergy had a return on equity of 9.53% and a net margin of 14.83%. The firm had revenue of $3.39 billion for the quarter, compared to analysts’ expectations of $3.46 billion. During the same period last year, the firm earned $1.64 EPS. As a group, equities analysts anticipate that Entergy Corporation will post 3.59 earnings per share for the current year.

Entergy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 10th will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.96%. Entergy’s payout ratio is 58.47%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Scotiabank reduced their price target on shares of Entergy from $165.00 to $82.00 and set a “sector perform” rating on the stock in a research report on Tuesday, January 7th. Wells Fargo & Company boosted their price objective on Entergy from $68.50 to $85.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. BMO Capital Markets dropped their target price on Entergy from $83.00 to $79.50 and set an “outperform” rating on the stock in a report on Monday, November 18th. KeyCorp downgraded Entergy from an “overweight” rating to a “sector weight” rating in a report on Wednesday, December 4th. Finally, StockNews.com upgraded shares of Entergy from a “sell” rating to a “hold” rating in a research note on Sunday, December 29th. Five analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Entergy currently has an average rating of “Moderate Buy” and an average price target of $79.81.

Insider Activity

In other Entergy news, insider Deanna D. Rodriguez sold 6,088 shares of the business’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $73.94, for a total transaction of $450,146.72. Following the sale, the insider now directly owns 3,952 shares of the company’s stock, valued at $292,210.88. The trade was a 60.64 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Eliecer Viamontes sold 400 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $73.50, for a total value of $29,400.00. Following the completion of the sale, the insider now directly owns 8,346 shares of the company’s stock, valued at approximately $613,431. This trade represents a 4.57 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,756 shares of company stock worth $1,095,637. 0.39% of the stock is owned by company insiders.

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.