Natixis Advisors L.P. Purchases 5,025 Shares of Entergy Co. (NYSE:ETR)

Natixis Advisors L.P. increased its position in shares of Entergy Co. (NYSE:ETR) by 4.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 129,661 shares of the utilities provider’s stock after acquiring an additional 5,025 shares during the quarter. Natixis Advisors L.P.’s holdings in Entergy were worth $13,120,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its position in Entergy by 157.1% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 270 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 165 shares during the period. Fortis Group Advisors LLC acquired a new position in Entergy in the third quarter valued at approximately $32,000. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in Entergy in the 3rd quarter worth approximately $32,000. CVA Family Office LLC purchased a new position in Entergy in the fourth quarter valued at $41,000. Finally, Millburn Ridgefield Corp acquired a new position in shares of Entergy in the third quarter worth about $43,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Insider Transactions at Entergy

In other Entergy news, EVP Kimberly Cook-Nelson sold 2,000 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $100.35, for a total transaction of $200,700.00. Following the completion of the sale, the executive vice president now directly owns 16,037 shares of the company’s stock, valued at approximately $1,609,312.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Kimberly Cook-Nelson sold 2,000 shares of Entergy stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $100.35, for a total value of $200,700.00. Following the sale, the executive vice president now owns 16,037 shares of the company’s stock, valued at $1,609,312.95. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Deanna D. Rodriguez sold 1,500 shares of the stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $101.23, for a total transaction of $151,845.00. Following the transaction, the insider now directly owns 3,442 shares of the company’s stock, valued at $348,433.66. The disclosure for this sale can be found here. Over the last quarter, insiders sold 21,229 shares of company stock worth $2,229,970. Company insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on ETR shares. BMO Capital Markets raised their price objective on Entergy from $110.00 to $113.00 and gave the company an “outperform” rating in a report on Monday, February 26th. Barclays decreased their target price on Entergy from $108.00 to $107.00 and set an “equal weight” rating on the stock in a research report on Monday, April 15th. KeyCorp increased their price objective on Entergy from $108.00 to $112.00 and gave the company an “overweight” rating in a research note on Friday, April 19th. Scotiabank dropped their target price on shares of Entergy from $111.00 to $104.00 and set a “sector perform” rating for the company in a report on Monday, April 22nd. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $117.00 price target on shares of Entergy in a research note on Monday, February 26th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $109.45.

Entergy Trading Up 1.4 %

Shares of Entergy stock opened at $110.58 on Wednesday. The company has a fifty day simple moving average of $104.40 and a 200-day simple moving average of $101.44. Entergy Co. has a 12-month low of $87.10 and a 12-month high of $110.72. The company has a current ratio of 0.69, a quick ratio of 0.45 and a debt-to-equity ratio of 1.68. The stock has a market cap of $23.61 billion, a price-to-earnings ratio of 11.09, a PEG ratio of 2.01 and a beta of 0.69.

Entergy (NYSE:ETR) last announced its earnings results on Wednesday, April 24th. The utilities provider reported $1.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.36). The firm had revenue of $31.17 billion during the quarter, compared to analyst estimates of $3.16 billion. Entergy had a net margin of 17.75% and a return on equity of 10.20%. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period last year, the company earned $1.14 earnings per share. On average, equities analysts forecast that Entergy Co. will post 7.22 EPS for the current fiscal year.

Entergy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Thursday, May 2nd will be issued a $1.13 dividend. The ex-dividend date of this dividend is Wednesday, May 1st. This represents a $4.52 dividend on an annualized basis and a dividend yield of 4.09%. 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.