Invesco Ltd. grew its holdings in shares of Entergy Corporation (NYSE:ETR - Free Report) by 63.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 8,514,250 shares of the utilities provider's stock after acquiring an additional 3,316,758 shares during the quarter. Invesco Ltd. owned about 1.99% of Entergy worth $645,550,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Legacy Investment Solutions LLC acquired a new stake in Entergy in the third quarter worth about $27,000. NBT Bank N A NY raised its holdings in Entergy by 100.0% during 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 in the last quarter. Fortis Group Advisors LLC boosted its stake in Entergy by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider's stock valued at $26,000 after purchasing an additional 172 shares in the last quarter. Duncker Streett & Co. Inc. grew its holdings in Entergy by 100.0% during the fourth quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider's stock worth $27,000 after acquiring an additional 179 shares during the period. Finally, Sandy Spring Bank lifted its holdings in Entergy by 100.0% in the 4th quarter. Sandy Spring Bank now owns 358 shares of the utilities provider's stock valued at $27,000 after acquiring an additional 179 shares during the last quarter. Institutional investors own 88.07% of the company's stock.
Entergy Stock Up 1.8 %
Shares of NYSE:ETR traded up $1.43 during midday trading on Friday, hitting $81.71. 3,384,251 shares of the stock were exchanged, compared to its average volume of 3,698,418. The company has a market capitalization of $35.20 billion, a PE ratio of 33.55, a P/E/G ratio of 2.34 and a beta of 0.56. Entergy Corporation has a 52-week low of $50.19 and a 52-week high of $88.38. 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 business's fifty day simple moving average is $83.48 and its two-hundred day simple moving average is $77.35.
Entergy (NYSE:ETR - Get Free Report) last posted its quarterly earnings results on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share for the quarter, topping analysts' consensus estimates of $0.63 by $0.03. The company had revenue of $2.74 billion during 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 last year, the business earned $0.26 EPS. As a group, research analysts predict that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.
Entergy Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Friday, May 2nd will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $2.40 annualized dividend and a dividend yield of 2.94%. Entergy's dividend payout ratio (DPR) is 98.77%.
Wall Street Analysts Forecast Growth
ETR has been the subject of several recent research reports. Scotiabank cut 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 note on Tuesday, January 7th. JPMorgan Chase & Co. increased their price objective on Entergy from $87.00 to $98.00 and gave the company an "overweight" rating in a research report on Tuesday, March 11th. UBS Group lifted their target price on Entergy from $86.00 to $96.00 and gave the stock a "buy" rating in a report on Friday, March 21st. Barclays lifted their price target on Entergy from $79.00 to $88.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 8th. Finally, Morgan Stanley raised their target price 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. Six research 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 data from MarketBeat, Entergy currently has an average rating of "Moderate Buy" and a consensus target price of $85.25.
Check Out 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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