SG Americas Securities LLC Sells 75,947 Shares of Entergy Co. (NYSE:ETR)

SG Americas Securities LLC trimmed its holdings in Entergy Co. (NYSE:ETR) by 96.8% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 2,486 shares of the utilities provider’s stock after selling 75,947 shares during the quarter. SG Americas Securities LLC’s holdings in Entergy were worth $327,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System boosted its holdings in shares of Entergy by 6.3% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 234,595 shares of the utilities provider’s stock worth $25,275,000 after buying an additional 13,882 shares during the period. Acadian Asset Management LLC boosted its holdings in shares of Entergy by 55.4% during the 1st quarter. Acadian Asset Management LLC now owns 14,877 shares of the utilities provider’s stock worth $1,571,000 after buying an additional 5,303 shares during the period. Viking Fund Management LLC boosted its holdings in shares of Entergy by 6.3% during the 1st quarter. Viking Fund Management LLC now owns 125,600 shares of the utilities provider’s stock worth $13,273,000 after buying an additional 7,400 shares during the period. Meeder Asset Management Inc. bought a new stake in shares of Entergy during the 1st quarter worth $1,245,000. Finally, Cetera Advisors LLC boosted its holdings in shares of Entergy by 145.2% during the 1st quarter. Cetera Advisors LLC now owns 24,136 shares of the utilities provider’s stock worth $2,551,000 after buying an additional 14,293 shares during the period. 88.07% of the stock is owned by institutional investors.

Entergy Trading Up 0.5 %

Shares of Entergy stock opened at $135.28 on Friday. The stock has a market capitalization of $28.89 billion, a P/E ratio of 13.57, a price-to-earnings-growth ratio of 2.46 and a beta of 0.74. The company has a quick ratio of 0.62, a current ratio of 0.94 and a debt-to-equity ratio of 1.81. The company has a 50-day simple moving average of $125.66 and a 200 day simple moving average of $114.82. Entergy Co. has a 12-month low of $90.78 and a 12-month high of $135.79.

Entergy (NYSE:ETR) last issued its quarterly earnings data on Thursday, August 1st. The utilities provider reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.16. Entergy had a net margin of 14.75% and a return on equity of 10.10%. The firm had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.98 billion. During the same quarter in the prior year, the firm earned $1.84 EPS. Research analysts expect that Entergy Co. will post 7.22 earnings per share for the current fiscal year.

Entergy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Tuesday, August 13th were paid a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 3.34%. The ex-dividend date of this dividend was Tuesday, August 13th. Entergy’s dividend payout ratio (DPR) is presently 45.34%.

Insider Buying and Selling

In other news, COO Peter S. Norgeot, Jr. sold 11,472 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $115.16, for a total value of $1,321,115.52. Following the transaction, the chief operating officer now owns 37,888 shares of the company’s stock, valued at $4,363,182.08. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CEO Andrew S. Marsh sold 19,200 shares of the stock in a transaction on Friday, August 30th. The stock was sold at an average price of $120.35, for a total value of $2,310,720.00. Following the transaction, the chief executive officer now owns 150,731 shares of the company’s stock, valued at $18,140,475.85. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Peter S. Norgeot, Jr. sold 11,472 shares of the stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $115.16, for a total value of $1,321,115.52. Following the completion of the transaction, the chief operating officer now directly owns 37,888 shares in the company, valued at approximately $4,363,182.08. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 50,810 shares of company stock valued at $6,140,626 over the last ninety days. Insiders own 0.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on ETR shares. UBS Group upped their price objective on shares of Entergy from $143.00 to $144.00 and gave the stock a “buy” rating in a report on Friday, September 20th. Morgan Stanley upped their target price on shares of Entergy from $109.00 to $115.00 and gave the company an “underweight” rating in a research note on Wednesday, September 25th. Argus upgraded shares of Entergy to a “strong-buy” rating in a research note on Wednesday, August 28th. Wells Fargo & Company upped their target price on shares of Entergy from $125.00 to $137.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Finally, Barclays cut their target price on shares of Entergy from $138.00 to $137.00 and set an “overweight” rating for the company in a research note on Monday, October 7th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $130.96.

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.