Carnegie Capital Asset Management LLC increases stake in Entergy Co. (NYSE:ETR)


Carnegie Capital Asset Management LLC increased its stake in Entergy Co. (NYSE:ETR – Get Rating) by 14.1% during Q1, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The company owned 8,093 shares of the utility provider after acquiring a further 1,000 shares during the period. Carnegie Capital Asset Management LLC’s stakes in Entergy were worth $945,000 in its most recent SEC filing.

Other hedge funds and other institutional investors also bought and sold shares in the company. Deseret Mutual Benefit Administrators increased its stake in Entergy by 7.8% in Q4. Deseret Mutual Benefit Administrators now owns 1,266 shares of the utility provider worth $143,000 after purchasing an additional 92 shares last quarter. Louisiana State Employees Retirement System increased its stake in Entergy by 0.8% in Q4. The Louisiana State Employee Retirement System now owns 12,600 shares of the utility provider worth $1,419,000 after purchasing an additional 100 shares last quarter. Denali Advisors LLC increased its stake in Entergy by 50.0% in Q4. Denali Advisors LLC now owns 300 shares of the utility provider worth $34,000 after purchasing an additional 100 shares in the last quarter. Bailard Inc. increased its stake in Entergy by 5.2% in the 4th quarter. Bailard Inc. now owns 2,336 shares of the utility provider worth $263,000 after buying an additional 115 shares in the last quarter. Finally, Delta Financial Advisors LLC increased its stake in Entergy by 0.5% in Q4. Delta Financial Advisors LLC now owns 23,484 shares of the utility company worth $2,645,000 after purchasing an additional 116 shares last quarter. Hedge funds and other institutional investors own 88.94% of the company’s shares.

In other news, CEO Leo P. Denault sold 57,889 shares of the company in a transaction that took place on Friday, April 1st. The share sold at an average price of $120.10 for a total transaction of $6,952,468.90. After the sale, the CEO now directly owns 389,393 shares of the company, valued at $46,766,099.30. The transaction was disclosed in a document filed with the SEC, which can be accessed on the SEC’s website. Additionally, insider Phillip R. May Jr. sold 9,772 shares of the company in a transaction that took place on Friday, April 1. The shares were sold at an average price of $120.00 for a total value of $1,172,640.00. After the sale, the insider now owns 12,092 shares of the company, valued at $1,451,040. Disclosure for this sale can be found here. In the last 90 days, insiders sold 201,089 shares of the company worth $23,854,658. Currently, 0.37% of the shares are owned by company members.

ETR has been the subject of several research analyst reports. Wells Fargo & Company lowered its Entergy price target from $140.00 to $125.00 in a research note on Tuesday. Hauck Aufhäuser In… set a price target of $28.00 for Entergy in a research note on Wednesday, May 18. Morgan Stanley lowered its price target on Entergy from $115.00 to $111.00 and set an “underweight” rating for the company in a research note on Monday, May 23. StockNews.com began coverage of Entergy in a research note on Thursday, March 31. They issued a “hold” rating for the company. Finally, Credit Suisse Group lowered its price target on Entergy from $136.00 to $114.00 and set a “superior performance” rating for the company in a report on Tuesday. One analyst rated the stock a sell rating, four assigned a hold rating, and four gave the company’s stock a buy rating. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $121.50.

ETR shares opened at $105.91 on Friday. Entergy Co. has a 12-month low of $98.50 and a 12-month high of $126.82. The company has a market cap of $21.54 billion, a PE ratio of 20.21, a price-earnings-growth ratio of 2.72 and a beta of 0.58. The stock has a 50-day moving average of $117.15 and a 200-day moving average of $113.01. The company has an immediate liquidity ratio of 0.49, a current liquidity ratio of 0.72 and a debt-to-equity ratio of 2.24.

Entergy (NYSE:ETR – Get Rating) released its quarterly results on Wednesday, April 27. The utility provider reported $1.32 per EPS for the quarter, missing analyst consensus estimates of $1.38 per ($0.06). Entergy had a return on equity of 10.44% and a net margin of 8.99%. The business had revenue of $2.88 billion for the quarter, compared with analyst estimates of $2.90 billion. During the same quarter last year, the company earned $1.47 per share. As a group, equity analysts predict that Entergy Co. will record 6.35 EPS for the current fiscal year.

The company also recently released a quarterly dividend, which was paid on Wednesday, June 1. Shareholders of record on Thursday, May 5, received a dividend of $1.01 per share. This represents a dividend of $4.04 on an annualized basis and a dividend yield of 3.81%. The ex-dividend date was Wednesday, May 4th. Entergy’s dividend payout ratio is currently 77.10%.

Entergy Company Profile (Get Rating)

Entergy Corporation, along with its subsidiaries, is active in the production and distribution of electricity in the United States. It operates in two segments, Utility and Entergy Wholesale Commodities. The utilities segment generates, transmits, distributes and sells electrical energy in parts of Arkansas, Louisiana, Mississippi and Texas, including the city of New Orleans; and distributes natural gas.

recommended stories

Want to see which other hedge funds are holding ETR? Visit HoldingsChannel.com for the latest 13F filings and insider trading from Entergy Co. (NYSE:ETR – Get Rating).

Institutional Ownership by Quarter for Entergy (NYSE:ETR)



Get news and reviews from Entergy Daily – Enter your email address below to receive a concise daily summary of the latest news and ratings from Entergy analysts and related companies in MarketBeat.com’s free daily email newsletter.

Leave a Reply

%d bloggers like this: