Covalis Capital LLP raised its stake in Entergy Corporation (NYSE:ETR - Free Report) by 115.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 605,380 shares of the utilities provider's stock after purchasing an additional 324,659 shares during the quarter. Entergy comprises about 6.7% of Covalis Capital LLP's investment portfolio, making the stock its 3rd biggest position. Covalis Capital LLP owned 0.14% of Entergy worth $45,900,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently modified their holdings of ETR. Fortis Group Advisors LLC lifted its position in Entergy by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider's stock worth $26,000 after acquiring an additional 172 shares in the last quarter. NBT Bank N A NY lifted its position in shares of Entergy by 100.0% during the fourth quarter. NBT Bank N A NY now owns 340 shares of the utilities provider's stock worth $26,000 after purchasing an additional 170 shares in the last quarter. Duncker Streett & Co. Inc. grew its holdings in Entergy by 100.0% during the 4th quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider's stock valued at $27,000 after purchasing an additional 179 shares in the last quarter. Sandy Spring Bank lifted its holdings in Entergy by 100.0% in the 4th quarter. Sandy Spring Bank now owns 358 shares of the utilities provider's stock worth $27,000 after buying an additional 179 shares in the last quarter. Finally, Riverview Trust Co lifted its holdings in Entergy by 100.0% in the 4th quarter. Riverview Trust Co now owns 364 shares of the utilities provider's stock worth $28,000 after buying an additional 182 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company's stock.
Wall Street Analyst Weigh In
Several research analysts recently commented on the company. Barclays boosted their price target on Entergy from $79.00 to $88.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 8th. Morgan Stanley boosted their price objective on Entergy from $75.00 to $78.00 and gave the company an "equal weight" rating in a report on Thursday, March 20th. StockNews.com raised Entergy from a "sell" rating to a "hold" rating in a report on Sunday, December 29th. BMO Capital Markets dropped their price target on Entergy from $94.00 to $89.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. Finally, LADENBURG THALM/SH SH upgraded shares of Entergy from a "neutral" rating to a "buy" rating and set a $86.50 target price for the company in a research note on Thursday, January 30th. Six analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $85.25.
Get Our Latest Stock Report on Entergy
Entergy Stock Performance
ETR stock traded up $0.78 during trading on Thursday, reaching $85.04. 1,161,828 shares of the company's stock were exchanged, compared to its average volume of 4,275,928. The firm has a market cap of $36.63 billion, a PE ratio of 34.92, a P/E/G ratio of 2.34 and a beta of 0.56. The company has a quick ratio of 0.59, a current ratio of 0.72 and a debt-to-equity ratio of 1.81. The company's fifty day moving average price is $83.52 and its 200-day moving average price is $78.11. Entergy Corporation has a 1-year low of $52.06 and a 1-year high of $88.38.
Entergy (NYSE:ETR - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.63 by $0.03. Entergy had a return on equity of 10.68% and a net margin of 8.90%. The firm had revenue of $2.74 billion during the quarter, compared to analyst estimates of $3.24 billion. During the same period last year, the company posted $0.26 EPS. On average, research analysts expect that Entergy Corporation will post 3.88 EPS for the current fiscal year.
Entergy Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Friday, May 2nd will be issued a $0.60 dividend. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.82%. Entergy's payout ratio is currently 98.77%.
About Entergy
(
Free Report)
Entergy Corporation, together with its subsidiaries, engages in the production and retail distribution of electricity in the United States. It generates, transmits, distributes, and sells electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, including the City of New Orleans; and distributes natural gas.
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