Entergy Corporation $ETR Shares Sold by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH reduced its stake in shares of Entergy Corporation (NYSE:ETR) by 13.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 528,403 shares of the utilities provider’s stock after selling 82,115 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned 0.12% of Entergy worth $49,242,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in ETR. Vanguard Group Inc. boosted its stake in shares of Entergy by 3.0% during the 2nd quarter. Vanguard Group Inc. now owns 56,459,668 shares of the utilities provider’s stock worth $4,692,928,000 after acquiring an additional 1,630,674 shares in the last quarter. State Street Corp raised its holdings in Entergy by 4.5% during the second quarter. State Street Corp now owns 22,920,881 shares of the utilities provider’s stock worth $1,905,184,000 after purchasing an additional 981,750 shares during the last quarter. Ameriprise Financial Inc. boosted its position in Entergy by 3.6% during the second quarter. Ameriprise Financial Inc. now owns 13,652,982 shares of the utilities provider’s stock worth $1,134,850,000 after purchasing an additional 479,093 shares in the last quarter. Geode Capital Management LLC grew its holdings in Entergy by 4.7% in the second quarter. Geode Capital Management LLC now owns 11,242,611 shares of the utilities provider’s stock valued at $930,541,000 after purchasing an additional 505,344 shares during the last quarter. Finally, Boston Partners increased its position in shares of Entergy by 114.9% in the second quarter. Boston Partners now owns 6,940,628 shares of the utilities provider’s stock valued at $578,531,000 after buying an additional 3,710,814 shares in the last quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Entergy

In other news, Director Ralph Lewis Ropp acquired 1,000 shares of the firm’s stock in a transaction on Wednesday, November 12th. The stock was bought at an average cost of $96.69 per share, with a total value of $96,690.00. Following the transaction, the director directly owned 1,050 shares in the company, valued at approximately $101,524.50. This represents a 2,000.00% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Anastasia Minor sold 5,000 shares of Entergy stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $96.39, for a total value of $481,950.00. Following the sale, the insider directly owned 10,122 shares in the company, valued at approximately $975,659.58. The trade was a 33.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 10,179 shares of company stock valued at $981,707. Corporate insiders own 0.47% of the company’s stock.

Entergy Price Performance

ETR stock opened at $93.04 on Tuesday. The firm has a market cap of $41.55 billion, a P/E ratio of 22.97, a price-to-earnings-growth ratio of 2.33 and a beta of 0.62. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.48 and a current ratio of 0.71. Entergy Corporation has a 1 year low of $74.72 and a 1 year high of $98.58. The stock has a 50-day simple moving average of $94.65 and a 200-day simple moving average of $90.54.

Entergy (NYSE:ETR) last released its quarterly earnings results on Friday, July 8th. The utilities provider reported $0.71 EPS for the quarter. Entergy had a return on equity of 11.53% and a net margin of 14.26%.The firm had revenue of $2.37 billion for the quarter. On average, equities analysts predict that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Thursday, November 13th were paid a $0.64 dividend. This represents a $2.56 annualized dividend and a dividend yield of 2.8%. This is a boost from Entergy’s previous quarterly dividend of $0.60. The ex-dividend date was Thursday, November 13th. Entergy’s payout ratio is currently 63.21%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Citigroup boosted their price objective on shares of Entergy from $91.00 to $106.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 18th. Scotiabank set a $105.00 price target on shares of Entergy and gave the company an “outperform” rating in a report on Friday, October 3rd. UBS Group reissued a “buy” rating and set a $105.00 price objective (up from $96.00) on shares of Entergy in a research note on Wednesday, December 17th. BTIG Research upgraded Entergy to a “strong-buy” rating in a research report on Wednesday, October 22nd. Finally, Wall Street Zen cut Entergy from a “hold” rating to a “sell” rating in a report on Monday, December 22nd. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Entergy currently has an average rating of “Moderate Buy” and a consensus target price of $103.09.

Entergy Company Profile

Entergy Corporation (NYSE:ETR) is an integrated energy company headquartered in New Orleans, Louisiana, that generates, transmits and distributes electricity. The company’s operations combine regulated utility services with competitive power production, supplying retail electricity to residential, commercial and industrial customers while also participating in wholesale energy markets. Entergy’s generation fleet includes nuclear, natural gas, hydropower and other resources, and it operates a network of transmission and distribution assets to deliver power to end users.

Entergy conducts its regulated utility business through state-based operating subsidiaries that serve customers across parts of Arkansas, Louisiana, Mississippi and southeast Texas.