Pegasus Partners Ltd. Has $3.43 Million Stake in Entergy Co. (ETR)

Pegasus Partners Ltd. raised its holdings in shares of Entergy Co. (NYSE:ETR) by 43.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,858 shares of the utilities provider’s stock after purchasing an additional 13,640 shares during the period. Pegasus Partners Ltd.’s holdings in Entergy were worth $3,425,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ETR. Dimensional Fund Advisors LP raised its holdings in Entergy by 2.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 406,463 shares of the utilities provider’s stock worth $30,875,000 after purchasing an additional 9,521 shares during the period. Louisiana State Employees Retirement System grew its position in shares of Entergy by 0.9% during the second quarter. Louisiana State Employees Retirement System now owns 11,100 shares of the utilities provider’s stock valued at $852,000 after purchasing an additional 100 shares in the last quarter. Russell Investments Group Ltd. grew its position in shares of Entergy by 0.9% during the second quarter. Russell Investments Group Ltd. now owns 713,194 shares of the utilities provider’s stock valued at $54,750,000 after purchasing an additional 6,293 shares in the last quarter. Paragon Capital Management Ltd grew its position in Entergy by 12.8% in the second quarter. Paragon Capital Management Ltd now owns 3,021 shares of the utilities provider’s stock worth $232,000 after acquiring an additional 343 shares in the last quarter. Finally, Hartford Investment Management Co. grew its position in Entergy by 8.0% in the second quarter. Hartford Investment Management Co. now owns 51,003 shares of the utilities provider’s stock worth $3,916,000 after acquiring an additional 3,783 shares in the last quarter. 82.95% of the stock is owned by institutional investors and hedge funds.

Shares of Entergy Co. (NYSE:ETR) opened at $83.13 on Wednesday. The stock has a market cap of $15,207.81, a P/E ratio of 12.48, a price-to-earnings-growth ratio of 1.74 and a beta of 0.55. Entergy Co. has a fifty-two week low of $68.87 and a fifty-two week high of $87.95. The company has a current ratio of 0.78, a quick ratio of 0.58 and a debt-to-equity ratio of 1.61.

Entergy (NYSE:ETR) last released its earnings results on Tuesday, October 24th. The utilities provider reported $2.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.24 by $0.11. The company had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.13 billion. Entergy had a negative net margin of 7.82% and a positive return on equity of 14.76%. During the same period in the prior year, the business earned $2.31 EPS. equities analysts predict that Entergy Co. will post 6.93 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Thursday, November 9th were issued a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 4.28%. This is a positive change from Entergy’s previous quarterly dividend of $0.87. The ex-dividend date was Wednesday, November 8th. Entergy’s dividend payout ratio (DPR) is presently -72.06%.

ETR has been the subject of several research reports. Mizuho reaffirmed a “hold” rating and set a $83.00 price objective on shares of Entergy in a research note on Friday, October 27th. Citigroup raised shares of Entergy from a “neutral” rating to a “buy” rating and set a $91.00 price target for the company in a research note on Friday, October 13th. J P Morgan Chase & Co increased their price target on shares of Entergy from $83.00 to $84.00 and gave the company a “neutral” rating in a research note on Thursday, October 12th. BidaskClub raised shares of Entergy from a “hold” rating to a “buy” rating in a research note on Saturday, August 26th. Finally, Morgan Stanley increased their price target on shares of Entergy from $79.00 to $82.00 and gave the company an “underweight” rating in a research note on Thursday, August 10th. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $82.42.

In related news, insider Charles L. Rice, Jr. sold 9,234 shares of the stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $86.24, for a total value of $796,340.16. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Marcus V. Brown sold 1,500 shares of the stock in a transaction on Friday, October 13th. The shares were sold at an average price of $82.00, for a total transaction of $123,000.00. The disclosure for this sale can be found here. Insiders sold a total of 57,812 shares of company stock worth $4,907,522 over the last 90 days. Company insiders own 0.24% of the company’s stock.

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About Entergy

Entergy Corporation is a holding company. The Company is an integrated energy company engaged in electric power production and retail electric distribution operations. The Company operates through two business segments: Utility and Entergy Wholesale Commodities. The Utility segment includes the generation, transmission, distribution and sale of electric power to retail and wholesale customers in areas of Arkansas, Mississippi, Texas and Louisiana, including the City of New Orleans and operates a natural gas distribution business.

Institutional Ownership by Quarter for Entergy (NYSE:ETR)

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