Viawealth LLC raised its position in Entergy Corporation (NYSE:ETR - Free Report) by 70.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,460 shares of the utilities provider's stock after acquiring an additional 6,805 shares during the period. Viawealth LLC's holdings in Entergy were worth $1,248,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also made changes to their positions in ETR. Empowered Funds LLC grew its stake in Entergy by 40.7% during the 3rd quarter. Empowered Funds LLC now owns 18,597 shares of the utilities provider's stock valued at $2,448,000 after purchasing an additional 5,381 shares during the last quarter. Strategic Financial Concepts LLC acquired a new position in Entergy in the 4th quarter worth approximately $4,393,000. Flagship Harbor Advisors LLC raised its position in Entergy by 74.3% during the 4th quarter. Flagship Harbor Advisors LLC now owns 7,959 shares of the utilities provider's stock worth $603,000 after buying an additional 3,393 shares during the last quarter. Thompson Siegel & Walmsley LLC acquired a new stake in Entergy during the 3rd quarter valued at approximately $32,541,000. Finally, LaFleur & Godfrey LLC purchased a new stake in shares of Entergy in the 4th quarter valued at $217,000. 88.07% of the stock is owned by institutional investors and hedge funds.
Entergy Price Performance
Shares of ETR traded up $0.16 during mid-day trading on Monday, hitting $84.04. 4,836,646 shares of the company were exchanged, compared to its average volume of 3,338,679. The stock has a market cap of $36.20 billion, a price-to-earnings ratio of 34.51, a price-to-earnings-growth ratio of 2.34 and a beta of 0.68. Entergy Corporation has a 1-year low of $50.19 and a 1-year high of $88.38. The company has a 50 day moving average of $83.04 and a 200-day moving average of $75.32. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.59 and a current ratio of 0.72.
Entergy (NYSE:ETR - Get Free Report) last announced its earnings results on Tuesday, February 18th. The utilities provider reported $0.66 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 business had revenue of $2.74 billion during the quarter, compared to analysts' expectations of $3.24 billion. During the same quarter in the prior year, the firm earned $0.26 earnings per share. Analysts expect that Entergy Corporation will post 3.88 EPS for the current fiscal year.
Entergy Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 10th were given a dividend of $0.60 per share. The ex-dividend date was Monday, February 10th. This represents a $2.40 dividend on an annualized basis and a yield of 2.86%. Entergy's payout ratio is presently 98.77%.
Analyst Upgrades and Downgrades
Several research analysts recently issued reports on the stock. LADENBURG THALM/SH SH raised shares of Entergy from a "neutral" rating to a "buy" rating and set a $86.50 target price for the company in a report on Thursday, January 30th. Evercore ISI lifted their price objective on Entergy from $75.00 to $86.00 and gave the company an "in-line" rating in a research note on Wednesday, February 19th. UBS Group upped their target price on Entergy from $86.00 to $96.00 and gave the stock a "buy" rating in a research note on Friday. Morgan Stanley lifted their price target on Entergy from $75.00 to $78.00 and gave the company an "equal weight" rating in a research report on Thursday. Finally, StockNews.com upgraded Entergy from a "sell" rating to a "hold" rating in a research report on Sunday, December 29th. Six investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Entergy presently has a consensus rating of "Moderate Buy" and a consensus target price of $84.75.
Get Our Latest Stock Analysis on ETR
Entergy Profile
(
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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