Knights of Columbus Asset Advisors LLC raised its position in shares of Entergy Corporation (NYSE:ETR - Free Report) by 102.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 236,916 shares of the utilities provider's stock after acquiring an additional 120,030 shares during the period. Entergy makes up approximately 1.2% of Knights of Columbus Asset Advisors LLC's holdings, making the stock its 12th biggest holding. Knights of Columbus Asset Advisors LLC owned approximately 0.06% of Entergy worth $17,963,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Strategic Financial Concepts LLC bought a new stake in Entergy during the fourth quarter worth approximately $4,393,000. Flagship Harbor Advisors LLC boosted its holdings in shares of Entergy by 74.3% in the 4th quarter. Flagship Harbor Advisors LLC now owns 7,959 shares of the utilities provider's stock worth $603,000 after purchasing an additional 3,393 shares during the period. LaFleur & Godfrey LLC bought a new position in shares of Entergy during the 4th quarter valued at approximately $217,000. Avior Wealth Management LLC raised its holdings in Entergy by 324.3% during the 4th quarter. Avior Wealth Management LLC now owns 734 shares of the utilities provider's stock valued at $56,000 after buying an additional 561 shares during the period. Finally, Braun Stacey Associates Inc. lifted its position in Entergy by 88.8% in the fourth quarter. Braun Stacey Associates Inc. now owns 360,502 shares of the utilities provider's stock worth $27,333,000 after buying an additional 169,511 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of research analysts have weighed in on the stock. Morgan Stanley boosted their price objective on shares of Entergy from $75.00 to $78.00 and gave the company an "equal weight" rating in a research report on Thursday, March 20th. StockNews.com upgraded shares of Entergy from a "sell" rating to a "hold" rating in a report on Sunday, December 29th. KeyCorp cut Entergy from an "overweight" rating to a "sector weight" rating in a research note on Wednesday, December 4th. JPMorgan Chase & Co. raised their price target on Entergy from $87.00 to $98.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 11th. Finally, LADENBURG THALM/SH SH upgraded Entergy from a "neutral" rating to a "buy" rating and set a $86.50 price objective for the company in a report on Thursday, January 30th. Six equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $84.75.
Read Our Latest Stock Analysis on Entergy
Entergy Stock Up 1.4 %
NYSE:ETR traded up $1.13 during mid-day trading on Wednesday, reaching $84.05. The company's stock had a trading volume of 3,732,479 shares, compared to its average volume of 3,351,675. The company has a quick ratio of 0.59, a current ratio of 0.72 and a debt-to-equity ratio of 1.81. The firm has a market capitalization of $36.20 billion, a PE ratio of 34.52, a price-to-earnings-growth ratio of 2.34 and a beta of 0.68. The stock has a fifty day moving average of $83.15 and a 200-day moving average of $75.47. Entergy Corporation has a 1 year low of $50.19 and a 1 year high of $88.38.
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 for the quarter, topping the consensus estimate of $0.63 by $0.03. The firm had revenue of $2.74 billion during the quarter, compared to analysts' expectations of $3.24 billion. Entergy had a net margin of 8.90% and a return on equity of 10.68%. During the same quarter in the prior year, the company earned $0.26 EPS. Equities research analysts forecast that Entergy Corporation will post 3.88 earnings per share for the current year.
Entergy Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 10th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.86%. The ex-dividend date was Monday, February 10th. Entergy's payout ratio is 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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