APG Asset Management N.V. Has $50.56 Million Position in Entergy Co. (NYSE:ETR)

APG Asset Management N.V. lessened its stake in shares of Entergy Co. (NYSE:ETR) by 3.9% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 506,457 shares of the utilities provider’s stock after selling 20,556 shares during the quarter. APG Asset Management N.V. owned about 0.24% of Entergy worth $50,563,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of ETR. HBK Sorce Advisory LLC boosted its holdings in shares of Entergy by 2.3% during the second quarter. HBK Sorce Advisory LLC now owns 4,075 shares of the utilities provider’s stock worth $436,000 after acquiring an additional 92 shares during the period. Quent Capital LLC grew its holdings in Entergy by 21.7% in the 1st quarter. Quent Capital LLC now owns 550 shares of the utilities provider’s stock valued at $58,000 after buying an additional 98 shares in the last quarter. Delta Financial Advisors LLC grew its holdings in Entergy by 0.5% in the 2nd quarter. Delta Financial Advisors LLC now owns 22,121 shares of the utilities provider’s stock valued at $2,367,000 after buying an additional 105 shares in the last quarter. iA Global Asset Management Inc. increased its position in Entergy by 1.3% during the 1st quarter. iA Global Asset Management Inc. now owns 8,830 shares of the utilities provider’s stock worth $933,000 after buying an additional 114 shares during the period. Finally, First Bank & Trust boosted its position in shares of Entergy by 0.6% in the second quarter. First Bank & Trust now owns 20,540 shares of the utilities provider’s stock valued at $2,198,000 after acquiring an additional 116 shares during the period. Institutional investors own 88.07% of the company’s stock.

Insider Activity

In related news, CEO Andrew S. Marsh sold 3,200 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $121.46, for a total value of $388,672.00. Following the completion of the transaction, the chief executive officer now owns 150,731 shares in the company, valued at approximately $18,307,787.26. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, COO Peter S. Norgeot, Jr. sold 7,922 shares of the firm’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $130.00, for a total transaction of $1,029,860.00. Following the completion of the transaction, the chief operating officer now directly owns 34,993 shares in the company, valued at $4,549,090. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Andrew S. Marsh sold 3,200 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $121.46, for a total value of $388,672.00. Following the completion of the sale, the chief executive officer now owns 150,731 shares in the company, valued at $18,307,787.26. The disclosure for this sale can be found here. Over the last three months, insiders have sold 50,810 shares of company stock valued at $6,140,626. 0.39% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on ETR shares. Argus raised shares of Entergy to a “strong-buy” rating in a research report on Wednesday, August 28th. Scotiabank raised their target price on shares of Entergy from $115.00 to $119.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 20th. Morgan Stanley boosted their price target on Entergy from $109.00 to $115.00 and gave the company an “underweight” rating in a research note on Wednesday. KeyCorp raised their price objective on Entergy from $123.00 to $130.00 and gave the stock an “overweight” rating in a research note on Monday, September 16th. Finally, Mizuho upped their target price on Entergy from $107.00 to $114.00 and gave the company a “buy” rating in a research report on Friday, May 31st. One research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Entergy presently has a consensus rating of “Moderate Buy” and a consensus target price of $127.81.

Entergy Stock Down 0.1 %

ETR stock opened at $129.58 on Friday. The stock has a market capitalization of $27.67 billion, a P/E ratio of 13.00, a price-to-earnings-growth ratio of 2.46 and a beta of 0.73. The company has a current ratio of 0.94, a quick ratio of 0.62 and a debt-to-equity ratio of 1.81. The firm has a 50-day moving average price of $119.80 and a 200-day moving average price of $111.44. Entergy Co. has a 12 month low of $87.10 and a 12 month high of $131.03.

Entergy (NYSE:ETR) last issued its earnings results on Thursday, August 1st. The utilities provider reported $1.92 earnings per share for the quarter, beating analysts’ consensus estimates of $1.76 by $0.16. The firm had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.98 billion. Entergy had a net margin of 14.75% and a return on equity of 10.10%. During the same quarter last year, the business posted $1.84 earnings per share. As a group, equities research analysts anticipate that Entergy Co. will post 7.22 EPS for the current fiscal year.

Entergy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Tuesday, August 13th were paid a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date was Tuesday, August 13th. Entergy’s payout ratio is 45.34%.

Entergy 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.