Greenland Capital Management LP trimmed its position in shares of Entergy Corporation (NYSE:ETR - Free Report) by 5.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 73,040 shares of the utilities provider's stock after selling 4,313 shares during the period. Greenland Capital Management LP's holdings in Entergy were worth $5,538,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Legacy Investment Solutions LLC purchased a new position in shares of Entergy in the third quarter valued at about $27,000. NBT Bank N A NY raised its stake in Entergy by 100.0% during the 4th quarter. NBT Bank N A NY now owns 340 shares of the utilities provider's stock valued at $26,000 after purchasing an additional 170 shares during the period. Fortis Group Advisors LLC lifted its holdings in Entergy by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider's stock worth $26,000 after purchasing an additional 172 shares in the last quarter. Duncker Streett & Co. Inc. boosted its stake in Entergy by 100.0% in the 4th quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider's stock worth $27,000 after purchasing an additional 179 shares during the period. Finally, Sandy Spring Bank grew its holdings in Entergy by 100.0% during the 4th quarter. Sandy Spring Bank now owns 358 shares of the utilities provider's stock valued at $27,000 after buying an additional 179 shares in the last quarter. Hedge funds and other institutional investors own 88.07% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on ETR shares. Scotiabank dropped their target price on shares of Entergy from $165.00 to $82.00 and set a "sector perform" rating for the company in a research report on Tuesday, January 7th. UBS Group increased their price objective on shares of Entergy from $86.00 to $96.00 and gave the company a "buy" rating in a report on Friday, March 21st. 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 for the company in a research note on Friday. Finally, Morgan Stanley raised their price target on Entergy from $75.00 to $78.00 and gave the company an "equal weight" rating in a report on Thursday, March 20th. Six investment 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, Entergy presently has a consensus rating of "Moderate Buy" and an average target price of $85.25.
Get Our Latest Stock Analysis on Entergy
Entergy Trading Up 1.8 %
ETR stock traded up $1.43 during mid-day trading on Friday, reaching $81.71. 3,384,251 shares of the stock traded hands, compared to its average volume of 3,698,418. The business has a 50-day moving average price of $83.48 and a two-hundred day moving average price of $77.35. The stock has a market capitalization of $35.20 billion, a PE ratio of 33.55, a PEG ratio of 2.34 and a beta of 0.56. 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.
Entergy (NYSE:ETR - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The utilities provider reported $0.66 EPS for the quarter, beating the consensus estimate of $0.63 by $0.03. Entergy had a net margin of 8.90% and a return on equity of 10.68%. The company had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $3.24 billion. During the same period in the prior year, the firm posted $0.26 EPS. Equities research analysts expect that Entergy Corporation will post 3.88 EPS for the current year.
Entergy Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Friday, May 2nd will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.94%. The ex-dividend date of this dividend is Friday, May 2nd. Entergy's dividend payout ratio (DPR) is presently 98.77%.
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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