Verition Fund Management LLC trimmed its holdings in Entergy Co. (NYSE:ETR) by 52.1% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 35,894 shares of the utilities provider’s stock after selling 39,031 shares during the period. Verition Fund Management LLC’s holdings in Entergy were worth $2,921,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the company. Van ECK Associates Corp raised its holdings in shares of Entergy by 3.2% in the third quarter. Van ECK Associates Corp now owns 18,593 shares of the utilities provider’s stock valued at $1,420,000 after buying an additional 580 shares during the last quarter. Raymond James Trust N.A. increased its stake in shares of Entergy by 12.4% during the fourth quarter. Raymond James Trust N.A. now owns 7,072 shares of the utilities provider’s stock worth $576,000 after acquiring an additional 779 shares during the period. Mutual of America Capital Management LLC increased its stake in shares of Entergy by 2.2% during the fourth quarter. Mutual of America Capital Management LLC now owns 37,305 shares of the utilities provider’s stock worth $3,036,000 after acquiring an additional 786 shares during the period. E&G Advisors LP increased its stake in shares of Entergy by 21.6% during the fourth quarter. E&G Advisors LP now owns 4,500 shares of the utilities provider’s stock worth $366,000 after acquiring an additional 800 shares during the period. Finally, NewSquare Capital LLC increased its stake in shares of Entergy by 7.2% during the fourth quarter. NewSquare Capital LLC now owns 12,314 shares of the utilities provider’s stock worth $1,002,000 after acquiring an additional 828 shares during the period. 85.42% of the stock is owned by institutional investors and hedge funds.
In other Entergy news, 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 value of $816,086.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 disclosure for this sale can be found here. Corporate insiders own 0.24% of the company’s stock.
Shares of Entergy stock traded up $0.10 on Thursday, reaching $78.35. 1,127,807 shares of the company’s stock traded hands, compared to its average volume of 1,428,468. The company has a quick ratio of 0.47, a current ratio of 0.65 and a debt-to-equity ratio of 1.79. Entergy Co. has a one year low of $71.95 and a one year high of $87.95. The firm has a market capitalization of $14,237.48, a price-to-earnings ratio of 34.32, a P/E/G ratio of 2.02 and a beta of 0.51.
Entergy (NYSE:ETR) last issued its earnings results on Friday, February 23rd. The utilities provider reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.34. Entergy had a net margin of 3.81% and a return on equity of 15.79%. The company had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.33 billion. During the same period in the prior year, the business posted $0.31 earnings per share. sell-side analysts predict that Entergy Co. will post 5.58 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, March 1st. Shareholders of record on Thursday, February 8th were given a dividend of $0.89 per share. The ex-dividend date of this dividend was Wednesday, February 7th. This represents a $3.56 annualized dividend and a yield of 4.54%. Entergy’s payout ratio is currently 156.14%.
TRADEMARK VIOLATION WARNING: “Verition Fund Management LLC Sells 39,031 Shares of Entergy Co. (ETR)” was reported by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this report on another site, it was illegally copied and republished in violation of US and international copyright and trademark legislation. The correct version of this report can be viewed at https://stocknewstimes.com/2018/03/22/verition-fund-management-llc-has-2-92-million-stake-in-entergy-co-etr.html.
Entergy Company Profile
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.
Receive News & Ratings for Entergy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Entergy and related companies with MarketBeat.com's FREE daily email newsletter.