First Midwest Bank Trust Division raised its position in Entergy Co. (NYSE:ETR) by 15.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,590 shares of the utilities provider’s stock after purchasing an additional 1,865 shares during the quarter. First Midwest Bank Trust Division’s holdings in Entergy were worth $1,299,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in the business. Aspire Private Capital LLC acquired a new position in Entergy in the 4th quarter worth approximately $26,000. Altshuler Shaham Ltd acquired a new position in Entergy in the 4th quarter worth approximately $27,000. American Research & Management Co. acquired a new position in Entergy in the 1st quarter worth approximately $30,000. Investec Asset Management PTY Ltd acquired a new position in Entergy in the 4th quarter worth approximately $37,000. Finally, CWM LLC boosted its stake in Entergy by 176.4% in the 4th quarter. CWM LLC now owns 445 shares of the utilities provider’s stock worth $38,000 after purchasing an additional 284 shares during the period. Institutional investors own 89.77% of the company’s stock.
In related news, COO Paul D. Hinnenkamp sold 6,600 shares of Entergy stock in a transaction on Tuesday, February 26th. The shares were sold at an average price of $92.37, for a total value of $609,642.00. Following the transaction, the chief operating officer now owns 38,848 shares in the company, valued at approximately $3,588,389.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Donald W. Vinci sold 7,300 shares of the business’s stock in a transaction dated Monday, February 25th. The stock was sold at an average price of $92.12, for a total transaction of $672,476.00. Following the transaction, the executive vice president now owns 12,530 shares in the company, valued at approximately $1,154,263.60. The disclosure for this sale can be found here. Insiders sold a total of 145,317 shares of company stock worth $14,018,970 in the last quarter. Insiders own 0.27% of the company’s stock.
Shares of ETR stock traded up $0.81 on Wednesday, hitting $98.49. The company’s stock had a trading volume of 786,286 shares, compared to its average volume of 1,443,422. The company has a current ratio of 0.70, a quick ratio of 0.52 and a debt-to-equity ratio of 1.91. Entergy Co. has a fifty-two week low of $75.83 and a fifty-two week high of $98.56. The firm has a market cap of $18.56 billion, a PE ratio of 13.47, a PEG ratio of 2.65 and a beta of 0.40.
Entergy (NYSE:ETR) last released its quarterly earnings data on Wednesday, May 1st. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by ($0.12). The business had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.67 billion. Entergy had a net margin of 9.04% and a return on equity of 15.17%. During the same period in the previous year, the firm posted $0.83 EPS. As a group, analysts forecast that Entergy Co. will post 5.28 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Thursday, May 9th will be issued a $0.91 dividend. The ex-dividend date is Wednesday, May 8th. This represents a $3.64 annualized dividend and a yield of 3.70%. Entergy’s dividend payout ratio (DPR) is presently 49.79%.
A number of brokerages have issued reports on ETR. ValuEngine lowered shares of Entergy from a “buy” rating to a “hold” rating in a research note on Monday, April 1st. Zacks Investment Research raised shares of Entergy from a “hold” rating to a “buy” rating and set a $106.00 target price for the company in a research note on Wednesday, April 24th. Morgan Stanley raised shares of Entergy from an “equal weight” rating to an “overweight” rating in a research note on Thursday, April 18th. Wells Fargo & Co lifted their target price on shares of Entergy from $99.00 to $105.00 and gave the company an “outperform” rating in a research note on Thursday, February 21st. Finally, Macquarie raised shares of Entergy from a “neutral” rating to an “outperform” rating in a research note on Monday, March 11th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $93.50.
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Entergy Company Profile
Entergy Corporation, together with its subsidiaries, engages in the production and distribution of electricity in the United States. It generates electricity through gas/oil, nuclear, coal, hydro, and solar power sources. The company's Utility segment generates, transmits, distributes, and sells electric power in portions of Arkansas, Mississippi, Texas, and Louisiana, including the City of New Orleans; and distributes natural gas.
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