Brasada Capital Management LP Sells 4,394 Shares of Entergy Co. (ETR)

Brasada Capital Management LP cut its holdings in shares of Entergy Co. (NYSE:ETR) by 8.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 49,785 shares of the utilities provider’s stock after selling 4,394 shares during the period. Entergy makes up approximately 1.4% of Brasada Capital Management LP’s holdings, making the stock its 20th biggest position. Brasada Capital Management LP’s holdings in Entergy were worth $4,761,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Bank of The West lifted its position in shares of Entergy by 4.0% in the 1st quarter. Bank of The West now owns 2,777 shares of the utilities provider’s stock valued at $266,000 after acquiring an additional 108 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Entergy by 4.1% in the 1st quarter. Victory Capital Management Inc. now owns 2,777 shares of the utilities provider’s stock valued at $266,000 after acquiring an additional 110 shares in the last quarter. CWM Advisors LLC lifted its position in shares of Entergy by 1.9% in the 4th quarter. CWM Advisors LLC now owns 6,479 shares of the utilities provider’s stock valued at $558,000 after acquiring an additional 123 shares in the last quarter. Bessemer Group Inc. lifted its position in shares of Entergy by 2.1% in the 4th quarter. Bessemer Group Inc. now owns 6,323 shares of the utilities provider’s stock valued at $543,000 after acquiring an additional 128 shares in the last quarter. Finally, Horrell Capital Management Inc. lifted its position in shares of Entergy by 0.4% in the 1st quarter. Horrell Capital Management Inc. now owns 31,197 shares of the utilities provider’s stock valued at $2,983,000 after acquiring an additional 138 shares in the last quarter. 90.50% of the stock is owned by institutional investors and hedge funds.

In other news, COO Paul D. Hinnenkamp sold 6,600 shares of the stock in a transaction on Tuesday, February 26th. The shares were sold at an average price of $92.37, for a total transaction 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 document filed with the SEC, which is accessible through the SEC website. Also, insider Haley Fisackerly sold 1,500 shares of the stock in a transaction on Tuesday, February 26th. The stock was sold at an average price of $92.59, for a total transaction of $138,885.00. Following the transaction, the insider now owns 2,434 shares in the company, valued at approximately $225,364.06. The disclosure for this sale can be found here. In the last quarter, insiders sold 54,104 shares of company stock worth $5,102,235. Company insiders own 0.27% of the company’s stock.

ETR has been the subject of several research analyst reports. Zacks Investment Research downgraded shares of Entergy from a “buy” rating to a “hold” rating in a research report on Wednesday, January 23rd. Macquarie set a $100.00 price target on shares of Entergy and gave the company a “buy” rating in a research report on Thursday, May 2nd. Royal Bank of Canada restated a “hold” rating and issued a $91.00 price target on shares of Entergy in a research report on Wednesday, January 23rd. Wells Fargo & Co upped their price target on shares of Entergy from $99.00 to $105.00 and gave the company an “outperform” rating in a research report on Thursday, February 21st. Finally, Morgan Stanley upped their price target on shares of Entergy from $88.00 to $91.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 12th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Entergy presently has an average rating of “Buy” and an average target price of $92.33.

Entergy stock opened at $97.47 on Tuesday. The company has a market capitalization of $17.88 billion, a price-to-earnings ratio of 13.33, a P/E/G ratio of 2.55 and a beta of 0.40. 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 twelve month low of $75.45 and a twelve month high of $97.62.

Entergy (NYSE:ETR) last released its quarterly earnings data on Wednesday, May 1st. The utilities provider reported $0.82 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.94 by ($0.12). The company 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 quarter in the prior year, the company posted $0.83 EPS. Equities research analysts forecast that Entergy Co. will post 5.28 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Thursday, May 9th will be paid a $0.91 dividend. The ex-dividend date is Wednesday, May 8th. This represents a $3.64 annualized dividend and a yield of 3.73%. Entergy’s dividend payout ratio is presently 49.79%.

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Entergy 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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Institutional Ownership by Quarter for Entergy (NYSE:ETR)

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