Alliancebernstein L.P. boosted its position in shares of Entergy Corporation (NYSE:ETR - Free Report) by 69.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 488,173 shares of the utilities provider's stock after acquiring an additional 199,341 shares during the period. Alliancebernstein L.P. owned 0.11% of Entergy worth $37,013,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Legacy Investment Solutions LLC bought a new stake in Entergy during the third quarter worth about $27,000. NBT Bank N A NY raised its holdings in Entergy by 100.0% in 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 during the period. Fortis Group Advisors LLC increased its position in shares of Entergy by 100.0% during the fourth 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. Duncker Streett & Co. Inc. grew its position in Entergy by 100.0% in the fourth 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. Finally, Sandy Spring Bank grew its position in Entergy by 100.0% in the fourth quarter. Sandy Spring Bank now owns 358 shares of the utilities provider's stock valued at $27,000 after purchasing an additional 179 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company's stock.
Analysts Set New Price Targets
A number of research firms have recently issued reports on ETR. Barclays raised their target price on shares of Entergy from $79.00 to $88.00 and gave the stock an "overweight" rating in a research note on Tuesday. UBS Group boosted their target price on shares of Entergy from $86.00 to $96.00 and gave the stock a "buy" rating in a report on Friday, March 21st. Wells Fargo & Company boosted their price target on shares of Entergy from $85.00 to $97.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 19th. Morgan Stanley upped their price objective on shares of Entergy from $75.00 to $78.00 and gave the stock an "equal weight" rating in a report on Thursday, March 20th. Finally, StockNews.com upgraded shares of Entergy from a "sell" rating to a "hold" rating in a research report on Sunday, December 29th. Six equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Entergy currently has a consensus rating of "Moderate Buy" and an average price target of $85.61.
Read Our Latest Research Report on ETR
Entergy Price Performance
Shares of NYSE ETR traded down $0.45 during midday trading on Thursday, reaching $80.06. The stock had a trading volume of 596,060 shares, compared to its average volume of 3,669,955. The stock has a 50-day moving average of $83.51 and a 200-day moving average of $77.04. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.59 and a current ratio of 0.72. The company has a market capitalization of $34.49 billion, a price-to-earnings ratio of 32.89, a price-to-earnings-growth ratio of 2.34 and a beta of 0.56. Entergy Corporation has a 12-month low of $50.19 and a 12-month high of $88.38.
Entergy (NYSE:ETR - Get Free Report) last released its earnings results on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.03. The firm had revenue of $2.74 billion during the quarter, compared to analyst estimates of $3.24 billion. Entergy had a net margin of 8.90% and a return on equity of 10.68%. During the same quarter last year, the business earned $0.26 EPS. As a group, research analysts anticipate 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. Shareholders of record on Friday, May 2nd will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date of this dividend is Friday, May 2nd. Entergy's dividend payout ratio (DPR) is 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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