NEOS Investment Management LLC raised its holdings in shares of Entergy Corporation (NYSE:ETR - Free Report) by 158.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,864 shares of the utilities provider's stock after buying an additional 13,417 shares during the quarter. NEOS Investment Management LLC's holdings in Entergy were worth $1,658,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Fortis Group Advisors LLC raised its position in 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 purchasing an additional 172 shares in the last quarter. NBT Bank N A NY raised its holdings in shares of 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 buying an additional 170 shares in the last quarter. Legacy Investment Solutions LLC bought a new stake in Entergy in the 3rd quarter worth approximately $27,000. Duncker Streett & Co. Inc. boosted its stake in Entergy by 100.0% in the fourth quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider's stock worth $27,000 after buying an additional 179 shares in the last quarter. Finally, Sandy Spring Bank grew its position in Entergy by 100.0% during the fourth 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. 88.07% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on ETR shares. LADENBURG THALM/SH SH upgraded shares of 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. Wells Fargo & Company boosted their price target on shares of Entergy from $85.00 to $97.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 19th. BMO Capital Markets raised their price objective on Entergy from $79.00 to $94.00 and gave the company an "outperform" rating in a research note on Wednesday, February 19th. KeyCorp lowered Entergy from an "overweight" rating to a "sector weight" rating in a research note on Wednesday, December 4th. Finally, Morgan Stanley raised their price target on Entergy from $75.00 to $78.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 20th. Six equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $84.75.
Check Out Our Latest Research Report on ETR
Entergy Trading Down 0.9 %
Shares of NYSE ETR traded down $0.76 during midday trading on Thursday, hitting $85.85. 1,463,463 shares of the company traded hands, compared to its average volume of 3,593,778. Entergy Corporation has a 12-month low of $50.19 and a 12-month high of $88.38. The stock has a 50-day moving average price of $83.53 and a 200 day moving average price of $76.36. 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 firm has a market cap of $36.98 billion, a P/E ratio of 35.26, a P/E/G ratio of 2.34 and a beta of 0.56.
Entergy (NYSE:ETR - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.03. The company had revenue of $2.74 billion for the quarter, compared to analyst estimates 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 previous year, the company posted $0.26 earnings per share. As a group, analysts expect that Entergy Corporation will post 3.88 earnings per share for the current 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 2.80%. Entergy's dividend payout ratio (DPR) is currently 98.77%.
Entergy Company 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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