Ausbil Investment Management Ltd Sells 6,497 Shares of Entergy Corporation (NYSE:ETR)

Ausbil Investment Management Ltd lessened its stake in Entergy Corporation (NYSE:ETR) by 6.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 90,721 shares of the utilities provider’s stock after selling 6,497 shares during the quarter. Entergy comprises approximately 4.2% of Ausbil Investment Management Ltd’s investment portfolio, making the stock its 6th biggest holding. Ausbil Investment Management Ltd’s holdings in Entergy were worth $6,956,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. OneDigital Investment Advisors LLC increased its holdings in shares of Entergy by 2.1% in the third quarter. OneDigital Investment Advisors LLC now owns 3,427 shares of the utilities provider’s stock valued at $451,000 after purchasing an additional 69 shares in the last quarter. Acropolis Investment Management LLC increased its stake in shares of Entergy by 0.8% in the 3rd quarter. Acropolis Investment Management LLC now owns 8,836 shares of the utilities provider’s stock valued at $1,163,000 after buying an additional 69 shares during the period. Great Valley Advisor Group Inc. raised its position in shares of Entergy by 0.9% during the third quarter. Great Valley Advisor Group Inc. now owns 8,087 shares of the utilities provider’s stock worth $1,065,000 after acquiring an additional 74 shares during the last quarter. Bank & Trust Co raised its position in shares of Entergy by 12.8% during the third quarter. Bank & Trust Co now owns 795 shares of the utilities provider’s stock worth $105,000 after acquiring an additional 90 shares during the last quarter. Finally, Prossimo Advisors LLC lifted its stake in shares of Entergy by 1.5% during the third quarter. Prossimo Advisors LLC now owns 5,971 shares of the utilities provider’s stock valued at $786,000 after acquiring an additional 90 shares during the period. 88.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Morgan Stanley raised Entergy from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $58.00 to $75.00 in a report on Monday, November 4th. BMO Capital Markets dropped their price target on shares of Entergy from $83.00 to $79.50 and set an “outperform” rating for the company in a research note on Monday, November 18th. Scotiabank cut their price objective on shares of Entergy from $165.00 to $82.00 and set a “sector perform” rating on the stock in a report on Tuesday, January 7th. UBS Group increased their price target on Entergy from $72.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Finally, KeyCorp cut Entergy from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, December 4th. Five research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Entergy has a consensus rating of “Moderate Buy” and a consensus target price of $79.81.

Entergy Stock Down 0.0 %

Shares of Entergy stock opened at $81.17 on Friday. Entergy Corporation has a 1 year low of $48.08 and a 1 year high of $84.26. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.89 and a quick ratio of 0.59. The company has a market capitalization of $34.81 billion, a P/E ratio of 19.77, a price-to-earnings-growth ratio of 2.44 and a beta of 0.71. The business has a 50-day moving average of $77.11 and a two-hundred day moving average of $68.51.

Entergy (NYSE:ETR) last posted its earnings results on Thursday, October 31st. The utilities provider reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.04. Entergy had a return on equity of 9.53% and a net margin of 14.83%. The business had revenue of $3.39 billion during the quarter, compared to analysts’ expectations of $3.46 billion. During the same period in the prior year, the business earned $1.64 EPS. As a group, equities analysts predict that Entergy Corporation will post 3.59 EPS for the current year.

Entergy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 10th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.96%. Entergy’s dividend payout ratio is 58.47%.

Insider Buying and Selling

In related news, insider Deanna D. Rodriguez sold 6,088 shares of the stock in a transaction on Friday, December 13th. The shares were sold at an average price of $73.94, for a total transaction of $450,146.72. Following the completion of the transaction, the insider now owns 3,952 shares in the company, valued at approximately $292,210.88. This represents a 60.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Eliecer Viamontes sold 400 shares of Entergy stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $73.50, for a total transaction of $29,400.00. Following the completion of the sale, the insider now owns 8,346 shares in the company, valued at $613,431. The trade was a 4.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,756 shares of company stock worth $1,095,637 over the last ninety days. Company insiders own 0.39% of the company’s stock.

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.