Pegasus Partners Ltd. Grows Position in Entergy (ETR)

Pegasus Partners Ltd. increased its holdings in Entergy (NYSE:ETR) by 34.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 40,155 shares of the utilities provider’s stock after acquiring an additional 10,337 shares during the quarter. Pegasus Partners Ltd.’s holdings in Entergy were worth $3,163,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new stake in Entergy in the fourth quarter worth about $4,395,000. Acadian Asset Management LLC lifted its stake in Entergy by 190.5% in the fourth quarter. Acadian Asset Management LLC now owns 30,030 shares of the utilities provider’s stock worth $2,444,000 after acquiring an additional 19,693 shares during the period. Global Financial Private Capital LLC lifted its stake in Entergy by 23.9% in the fourth quarter. Global Financial Private Capital LLC now owns 9,996 shares of the utilities provider’s stock worth $814,000 after acquiring an additional 1,928 shares during the period. Suntrust Banks Inc. lifted its stake in Entergy by 5.2% in the fourth quarter. Suntrust Banks Inc. now owns 51,624 shares of the utilities provider’s stock worth $4,199,000 after acquiring an additional 2,549 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in Entergy by 32.4% in the fourth quarter. Renaissance Technologies LLC now owns 3,798,700 shares of the utilities provider’s stock worth $309,176,000 after acquiring an additional 928,800 shares during the period. 86.99% of the stock is owned by institutional investors.

In other news, insider Haley Fisackerly sold 500 shares of the company’s stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $78.02, for a total transaction of $39,010.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Alyson M. Mount sold 10,396 shares of the company’s stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $78.50, for a total transaction of $816,086.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,596 shares of company stock worth $1,486,496. Corporate insiders own 0.24% of the company’s stock.

ETR stock opened at $76.14 on Friday. The stock has a market cap of $13.77 billion, a price-to-earnings ratio of 10.58, a PEG ratio of 1.69 and a beta of 0.45. Entergy has a one year low of $71.95 and a one year high of $87.95. The company has a quick ratio of 0.52, a current ratio of 0.70 and a debt-to-equity ratio of 1.96.

Entergy (NYSE:ETR) last released its quarterly earnings results on Wednesday, April 25th. The utilities provider reported $1.16 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.30 by ($0.14). The firm had revenue of $2.72 billion for the quarter, compared to analysts’ expectations of $2.47 billion. Entergy had a net margin of 4.21% and a return on equity of 16.19%. During the same period in the previous year, the company posted $0.99 earnings per share. analysts predict that Entergy will post 6.44 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Thursday, May 10th will be issued a dividend of $0.89 per share. The ex-dividend date of this dividend is Wednesday, May 9th. This represents a $3.56 annualized dividend and a dividend yield of 4.68%. Entergy’s dividend payout ratio (DPR) is currently 49.44%.

A number of analysts recently weighed in on ETR shares. Guggenheim reaffirmed a “buy” rating and issued a $94.00 price objective (up from $88.00) on shares of Entergy in a research note on Friday, February 23rd. Zacks Investment Research raised shares of Entergy from a “hold” rating to a “strong-buy” rating and set a $90.00 price objective for the company in a research note on Tuesday, April 17th. ValuEngine lowered shares of Entergy from a “buy” rating to a “hold” rating in a research note on Thursday, April 12th. Wells Fargo reissued an “outperform” rating and set a $90.00 price target (down from $96.00) on shares of Entergy in a research report on Monday, February 26th. They noted that the move was a valuation call. Finally, Morgan Stanley set a $76.00 price target on shares of Entergy and gave the company a “hold” rating in a research report on Thursday, March 8th. Five analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $85.77.

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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