Fox Hill Wealth Management boosted its stake in Entergy Corporation (NYSE:ETR - Free Report) by 96.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,840 shares of the utilities provider's stock after purchasing an additional 10,739 shares during the period. Fox Hill Wealth Management's holdings in Entergy were worth $1,656,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of the stock. Legacy Investment Solutions LLC purchased a new position in shares of Entergy during the third quarter valued at approximately $27,000. NBT Bank N A NY increased its stake 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 valued at $26,000 after buying an additional 170 shares during the period. Fortis Group Advisors LLC increased its stake 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 valued at $26,000 after buying an additional 172 shares during the period. Duncker Streett & Co. Inc. increased its stake in shares of Entergy by 100.0% during the fourth quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider's stock valued at $27,000 after buying an additional 179 shares during the period. Finally, Riverview Trust Co increased its stake in shares of Entergy by 100.0% during the fourth quarter. Riverview Trust Co now owns 364 shares of the utilities provider's stock valued at $28,000 after buying an additional 182 shares during the period. 88.07% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several research firms have recently issued reports on ETR. JPMorgan Chase & Co. boosted their target price on Entergy from $87.00 to $98.00 and gave the company an "overweight" rating in a research note on Tuesday, March 11th. LADENBURG THALM/SH SH raised Entergy from a "neutral" rating to a "buy" rating and set a $86.50 price target on the stock in a research note on Thursday, January 30th. BMO Capital Markets upped their price target on Entergy from $79.00 to $94.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 19th. Scotiabank reduced their price target on Entergy from $165.00 to $82.00 and set a "sector perform" rating on the stock in a research note on Tuesday, January 7th. Finally, Wells Fargo & Company upped their price target on Entergy from $85.00 to $97.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 19th. Six investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Entergy currently has an average rating of "Moderate Buy" and a consensus target price of $84.75.
Get Our Latest Research Report on ETR
Entergy Stock Performance
Shares of NYSE:ETR traded down $0.90 during midday trading on Friday, reaching $83.74. 9,132,300 shares of the company's stock traded hands, compared to its average volume of 3,332,663. The company has a market cap of $36.04 billion, a price-to-earnings ratio of 34.39, a P/E/G ratio of 2.34 and a beta of 0.68. 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 Corporation has a one year low of $50.19 and a one year high of $88.38. The stock has a 50 day moving average of $82.90 and a 200 day moving average of $75.06.
Entergy (NYSE:ETR - Get Free Report) last announced 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. The firm 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 period in the prior year, the company posted $0.26 earnings per share. As a group, equities research analysts anticipate that Entergy Corporation will post 3.88 EPS for the current fiscal year.
Entergy Dividend Announcement
The company also recently disclosed 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. This represents a $2.40 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date was Monday, February 10th. Entergy's dividend payout ratio (DPR) is presently 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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