Louisiana State Employees Retirement System Invests $1.30 Million in Entergy Co. (NYSE:ETR)

Louisiana State Employees Retirement System purchased a new stake in shares of Entergy Co. (NYSE:ETR) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 12,800 shares of the utilities provider’s stock, valued at approximately $1,295,000.

Other institutional investors also recently bought and sold shares of the company. Fairfield Bush & CO. purchased a new stake in shares of Entergy in the first quarter valued at $29,000. EverSource Wealth Advisors LLC raised its position in Entergy by 157.1% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 270 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 165 shares during the period. Fortis Group Advisors LLC bought a new stake in Entergy in the third quarter worth about $32,000. Annis Gardner Whiting Capital Advisors LLC purchased a new position in shares of Entergy during the third quarter valued at approximately $32,000. Finally, Harbour Investments Inc. grew its stake in shares of Entergy by 17,550.0% during the third quarter. Harbour Investments Inc. now owns 353 shares of the utilities provider’s stock valued at $33,000 after buying an additional 351 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Marcus V. Brown sold 8,500 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $102.84, for a total value of $874,140.00. Following the completion of the transaction, the executive vice president now directly owns 9,911 shares in the company, valued at approximately $1,019,247.24. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Entergy news, EVP Kimberly Cook-Nelson sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $100.35, for a total value of $200,700.00. Following the sale, the executive vice president now directly owns 16,037 shares of the company’s stock, valued at $1,609,312.95. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Marcus V. Brown sold 8,500 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $102.84, for a total value of $874,140.00. Following the completion of the sale, the executive vice president now owns 9,911 shares of the company’s stock, valued at $1,019,247.24. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,000 shares of company stock worth $1,226,685. Corporate insiders own 0.39% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Royal Bank of Canada reissued an “outperform” rating and set a $117.00 price target on shares of Entergy in a research note on Monday, February 26th. KeyCorp lifted their target price on Entergy from $108.00 to $112.00 and gave the stock an “overweight” rating in a research report on Friday. Barclays cut 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, April 15th. Finally, BMO Capital Markets lifted their price objective on shares of Entergy from $110.00 to $113.00 and gave the company an “outperform” rating in a report on Monday, February 26th. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Entergy presently has a consensus rating of “Moderate Buy” and an average price target of $110.00.

Entergy Stock Up 2.9 %

ETR stock opened at $106.77 on Monday. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.57 and a quick ratio of 0.32. The firm’s fifty day simple moving average is $102.62 and its 200-day simple moving average is $100.27. Entergy Co. has a 12 month low of $87.10 and a 12 month high of $109.70. The company has a market capitalization of $22.77 billion, a P/E ratio of 9.63, a price-to-earnings-growth ratio of 2.11 and a beta of 0.71.

Entergy (NYSE:ETR) last released its quarterly earnings data on Thursday, February 22nd. The utilities provider reported $0.52 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.52. Entergy had a return on equity of 10.54% and a net margin of 19.41%. The business had revenue of $2.72 billion during the quarter, compared to analyst estimates of $3.27 billion. During the same quarter last year, the business posted $0.51 EPS. As a group, equities research analysts forecast that Entergy Co. will post 7.22 earnings per share for the current year.

Entergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Thursday, May 2nd will be given a $1.13 dividend. The ex-dividend date is Wednesday, May 1st. This represents a $4.52 annualized dividend and a yield of 4.23%. Entergy’s dividend payout ratio is presently 40.76%.

About Entergy

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.