New Mexico Educational Retirement Board Purchases 400 Shares of Entergy Co. (NYSE:ETR)

New Mexico Educational Retirement Board boosted its position in shares of Entergy Co. (NYSE:ETR) by 2.6% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 15,499 shares of the utilities provider’s stock after buying an additional 400 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Entergy were worth $1,595,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Coastal Investment Advisors Inc. raised its holdings in Entergy by 142.0% during the 2nd quarter. Coastal Investment Advisors Inc. now owns 2,125 shares of the utilities provider’s stock valued at $219,000 after buying an additional 1,247 shares during the last quarter. Lantz Financial LLC increased its position in Entergy by 1.8% during the 2nd quarter. Lantz Financial LLC now owns 13,480 shares of the utilities provider’s stock valued at $1,398,000 after purchasing an additional 239 shares during the period. 6 Meridian increased its position in Entergy by 1.9% during the 2nd quarter. 6 Meridian now owns 5,606 shares of the utilities provider’s stock valued at $577,000 after purchasing an additional 104 shares during the period. Bluescape Energy Partners LLC purchased a new position in Entergy during the 2nd quarter valued at $26,176,000. Finally, Greenleaf Trust purchased a new position in Entergy during the 1st quarter valued at $209,000. Institutional investors own 83.49% of the company’s stock.

In related news, Chairman Leo P. Denault sold 24,211 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $110.00, for a total transaction of $2,663,210.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Marcus V. Brown sold 21,445 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $110.00, for a total transaction of $2,358,950.00. Following the sale, the executive vice president now directly owns 38,411 shares in the company, valued at $4,225,210. The disclosure for this sale can be found here. Insiders sold a total of 116,313 shares of company stock worth $12,299,975 over the last ninety days. Insiders own 0.27% of the company’s stock.

A number of research analysts have issued reports on the stock. Macquarie set a $100.00 price objective on shares of Entergy and gave the company a “buy” rating in a research report on Thursday, May 2nd. ValuEngine raised shares of Entergy from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st. Zacks Investment Research downgraded shares of Entergy from a “buy” rating to a “hold” rating in a research report on Tuesday, April 30th. Morgan Stanley boosted their price objective on shares of Entergy from $111.00 to $114.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, UBS Group set a $115.00 price objective on shares of Entergy and gave the company a “buy” rating in a research report on Monday, July 15th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Entergy presently has a consensus rating of “Buy” and an average price target of $99.78.

Shares of NYSE:ETR traded down $1.47 during midday trading on Friday, reaching $109.84. The company’s stock had a trading volume of 998,760 shares, compared to its average volume of 1,319,323. The firm has a 50 day moving average of $106.25 and a 200-day moving average of $98.53. The firm has a market capitalization of $22.20 billion, a P/E ratio of 15.03, a PEG ratio of 3.03 and a beta of 0.34. The company has a quick ratio of 0.52, a current ratio of 0.73 and a debt-to-equity ratio of 1.76. Entergy Co. has a 12-month low of $78.99 and a 12-month high of $112.11.

Entergy (NYSE:ETR) last released its earnings results on Wednesday, July 31st. The utilities provider reported $1.35 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.38 by ($0.03). The business had revenue of $2.67 billion during the quarter, compared to analysts’ expectations of $2.98 billion. Entergy had a return on equity of 13.75% and a net margin of 8.97%. During the same period in the prior year, the company earned $1.42 earnings per share. On average, research analysts predict that Entergy Co. will post 5.27 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 8th will be given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date is Wednesday, August 7th. Entergy’s dividend payout ratio is presently 49.79%.

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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Institutional Ownership by Quarter for Entergy (NYSE:ETR)

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