Zurcher Kantonalbank Zurich Cantonalbank Sells 241 Shares of Entergy Co. (NYSE:ETR)

Zurcher Kantonalbank Zurich Cantonalbank reduced its holdings in shares of Entergy Co. (NYSE:ETR) by 0.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 47,719 shares of the utilities provider’s stock after selling 241 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Entergy were worth $4,829,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of ETR. FMR LLC lifted its holdings in Entergy by 64.4% in the third quarter. FMR LLC now owns 4,562,369 shares of the utilities provider’s stock valued at $422,019,000 after acquiring an additional 1,787,977 shares during the period. Zimmer Partners LP lifted its holdings in Entergy by 16,815.8% in the second quarter. Zimmer Partners LP now owns 1,319,436 shares of the utilities provider’s stock valued at $128,473,000 after acquiring an additional 1,311,636 shares during the period. State Street Corp lifted its holdings in Entergy by 8.1% in the first quarter. State Street Corp now owns 12,122,596 shares of the utilities provider’s stock valued at $1,415,313,000 after acquiring an additional 908,932 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Entergy by 64.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,944,167 shares of the utilities provider’s stock valued at $209,465,000 after acquiring an additional 762,393 shares during the period. Finally, Millennium Management LLC lifted its holdings in Entergy by 86.0% in the fourth quarter. Millennium Management LLC now owns 1,633,335 shares of the utilities provider’s stock valued at $183,750,000 after acquiring an additional 754,971 shares during the period. Institutional investors own 88.07% of the company’s stock.

Insider Buying and Selling at Entergy

In other Entergy news, EVP Marcus V. Brown sold 8,500 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $102.84, for a total transaction of $874,140.00. Following the completion of the transaction, the executive vice president now owns 9,911 shares in the company, valued at approximately $1,019,247.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Marcus V. Brown sold 8,500 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $102.84, for a total value of $874,140.00. Following the sale, the executive vice president now directly owns 9,911 shares of the company’s stock, valued at $1,019,247.24. The disclosure for this sale can be found here. Insiders sold 12,000 shares of company stock worth $1,226,685 in the last quarter. 0.54% of the stock is owned by corporate insiders.

Entergy Stock Performance

NYSE:ETR opened at $106.77 on Monday. The company has a current ratio of 0.57, a quick ratio of 0.32 and a debt-to-equity ratio of 1.57. Entergy Co. has a 12-month low of $87.10 and a 12-month high of $109.70. The stock has a 50-day moving average price of $102.62 and a 200 day moving average price of $100.27. The stock has a market capitalization of $22.77 billion, a P/E ratio of 9.63, a P/E/G ratio of 2.11 and a beta of 0.71.

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

Entergy Announces Dividend

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

Analyst Upgrades and Downgrades

ETR has been the topic of a number of recent research reports. KeyCorp increased their target price on Entergy from $108.00 to $112.00 and gave the company an “overweight” rating in a report on Friday. Royal Bank of Canada restated an “outperform” rating and issued a $117.00 price target on shares of Entergy in a research report on Monday, February 26th. Barclays reduced their price target on Entergy from $108.00 to $107.00 and set an “equal weight” rating for the company in a research report on Monday, April 15th. Finally, BMO Capital Markets upped their price target on Entergy from $110.00 to $113.00 and gave the stock an “outperform” rating in a research report on Monday, February 26th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $110.00.

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.