UNIVEST FINANCIAL Corp Has $1.26 Million Stock Holdings in Entergy Corporation (NYSE:ETR)

UNIVEST FINANCIAL Corp increased its stake in Entergy Corporation (NYSE:ETR - Free Report) by 94.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 16,550 shares of the utilities provider's stock after purchasing an additional 8,041 shares during the period. UNIVEST FINANCIAL Corp's holdings in Entergy were worth $1,255,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the company. Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of Entergy by 54.1% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 202,299 shares of the utilities provider's stock worth $15,338,000 after buying an additional 71,001 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its stake in shares of Entergy by 96.3% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 7,418 shares of the utilities provider's stock worth $562,000 after purchasing an additional 3,639 shares in the last quarter. Zions Bancorporation N.A. boosted its holdings in shares of Entergy by 44.2% in the 4th quarter. Zions Bancorporation N.A. now owns 66,727 shares of the utilities provider's stock valued at $5,059,000 after buying an additional 20,460 shares during the last quarter. TIAA Trust National Association grew its stake in shares of Entergy by 1.1% in the fourth quarter. TIAA Trust National Association now owns 179,347 shares of the utilities provider's stock valued at $13,598,000 after buying an additional 1,872 shares in the last quarter. Finally, Segall Bryant & Hamill LLC grew its stake in shares of Entergy by 100.0% in the fourth quarter. Segall Bryant & Hamill LLC now owns 45,600 shares of the utilities provider's stock valued at $3,457,000 after buying an additional 22,800 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors.

Entergy Stock Performance

NYSE ETR traded up $1.22 during trading on Monday, reaching $85.63. The company's stock had a trading volume of 6,230,783 shares, compared to its average volume of 3,586,407. The firm has a 50 day moving average price of $83.41 and a 200 day moving average price of $76.13. Entergy Corporation has a 12 month low of $50.19 and a 12 month high of $88.38. The firm has a market capitalization of $36.89 billion, a price-to-earnings ratio of 35.17, a price-to-earnings-growth ratio of 2.34 and a beta of 0.68. The company has a current ratio of 0.72, a quick ratio of 0.59 and a debt-to-equity ratio of 1.81.

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, topping analysts' consensus estimates of $0.63 by $0.03. The business had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $3.24 billion. Entergy had a return on equity of 10.68% and a net margin of 8.90%. During the same quarter in the prior year, the business posted $0.26 earnings per share. As a group, equities analysts anticipate that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 10th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.80%. The ex-dividend date was Monday, February 10th. Entergy's dividend payout ratio is currently 98.77%.

Analyst Ratings Changes

A number of brokerages have commented on ETR. Scotiabank cut their price target on shares of Entergy from $165.00 to $82.00 and set a "sector perform" rating for the company in a research note on Tuesday, January 7th. 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. Evercore ISI boosted their price target on Entergy from $75.00 to $86.00 and gave the stock an "in-line" rating in a research report on Wednesday, February 19th. Morgan Stanley upped their price objective on Entergy from $75.00 to $78.00 and gave the company an "equal weight" rating in a research note on Thursday, March 20th. Finally, UBS Group lifted their target price on Entergy from $86.00 to $96.00 and gave the stock a "buy" rating in a research note on Friday, March 21st. Six research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Entergy presently has an average rating of "Moderate Buy" and an average target price of $84.75.

About Entergy

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.