Toronto Dominion Bank Raises Stock Holdings in Entergy Co. (NYSE:ETR)

Toronto Dominion Bank grew its stake in Entergy Co. (NYSE:ETR) by 0.3% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 112,435 shares of the utilities provider’s stock after buying an additional 336 shares during the period. Toronto Dominion Bank’s holdings in Entergy were worth $11,184,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Royal London Asset Management Ltd. grew its position in shares of Entergy by 4.8% during the first quarter. Royal London Asset Management Ltd. now owns 70,903 shares of the utilities provider’s stock worth $7,053,000 after purchasing an additional 3,256 shares in the last quarter. Morgan Stanley grew its position in shares of Entergy by 53.5% during the fourth quarter. Morgan Stanley now owns 739,726 shares of the utilities provider’s stock worth $73,855,000 after purchasing an additional 257,835 shares in the last quarter. Lazard Asset Management LLC grew its position in shares of Entergy by 830.7% during the fourth quarter. Lazard Asset Management LLC now owns 95,017 shares of the utilities provider’s stock worth $9,486,000 after purchasing an additional 84,808 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of Entergy by 7.4% during the fourth quarter. Victory Capital Management Inc. now owns 186,912 shares of the utilities provider’s stock worth $18,661,000 after purchasing an additional 12,844 shares in the last quarter. Finally, Aviva PLC grew its position in shares of Entergy by 2.3% during the fourth quarter. Aviva PLC now owns 66,329 shares of the utilities provider’s stock worth $6,622,000 after purchasing an additional 1,520 shares in the last quarter. Institutional investors and hedge funds own 85.34% of the company’s stock.

In other news, EVP Marcus V. Brown sold 16,000 shares of the firm’s stock in a transaction that occurred on Monday, May 3rd. The stock was sold at an average price of $110.04, for a total value of $1,760,640.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Kimberly A. Fontan sold 1,620 shares of the firm’s stock in a transaction that occurred on Monday, May 3rd. The shares were sold at an average price of $109.47, for a total value of $177,341.40. The disclosure for this sale can be found here. Insiders sold a total of 30,041 shares of company stock valued at $3,256,149 over the last ninety days. Corporate insiders own 0.34% of the company’s stock.

NYSE:ETR opened at $108.66 on Friday. The company has a market cap of $21.85 billion, a price-to-earnings ratio of 13.63, a price-to-earnings-growth ratio of 3.51 and a beta of 0.55. Entergy Co. has a 1 year low of $85.78 and a 1 year high of $113.36. The company has a 50 day moving average of $105.66. The company has a debt-to-equity ratio of 2.19, a current ratio of 1.06 and a quick ratio of 0.81.

Entergy (NYSE:ETR) last posted its quarterly earnings data on Tuesday, April 27th. The utilities provider reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.30. The business had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.60 billion. Entergy had a return on equity of 11.30% and a net margin of 15.41%. During the same period last year, the company earned $1.14 EPS. On average, analysts expect that Entergy Co. will post 5.96 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 1st. Stockholders of record on Thursday, May 6th were paid a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.50%. The ex-dividend date was Wednesday, May 5th. Entergy’s payout ratio is 67.14%.

Several research firms recently issued reports on ETR. Morgan Stanley cut their target price on Entergy from $119.00 to $117.00 and set an “equal weight” rating for the company in a research report on Tuesday, May 18th. Vertical Research upgraded Entergy from a “hold” rating to a “buy” rating and set a $120.00 price target for the company in a report on Thursday, April 29th. KeyCorp restated a “sector weight” rating on shares of Entergy in a report on Monday, March 15th. Wells Fargo & Company raised their price target on Entergy from $105.00 to $119.00 and gave the company an “overweight” rating in a report on Thursday, April 29th. Finally, Mizuho raised their price target on Entergy from $105.00 to $120.00 and gave the company a “buy” rating in a report on Tuesday, March 30th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Entergy has an average rating of “Buy” and a consensus price target of $116.57.

About Entergy

Entergy Corporation, together with its subsidiaries, engages in the production and distribution of electricity in the United States. The company generates electricity through gas/oil, nuclear, coal, hydro, and solar power sources. It operates in two segments, Utility and Entergy Wholesale Commodities.

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Institutional Ownership by Quarter for Entergy (NYSE:ETR)

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