Voya Financial Advisors Inc. lifted its stake in Entergy Corporation (NYSE:ETR - Free Report) by 73.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,105 shares of the utilities provider's stock after purchasing an additional 6,837 shares during the period. Voya Financial Advisors Inc.'s holdings in Entergy were worth $1,220,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in ETR. Fortis Group Advisors LLC grew its holdings in shares of Entergy by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider's stock worth $26,000 after purchasing an additional 172 shares during the last quarter. NBT Bank N A NY lifted its stake in Entergy by 100.0% in the fourth quarter. NBT Bank N A NY now owns 340 shares of the utilities provider's stock worth $26,000 after acquiring an additional 170 shares during the period. Duncker Streett & Co. Inc. lifted 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 acquiring an additional 179 shares during the period. Sandy Spring Bank lifted its stake in Entergy by 100.0% in the fourth quarter. Sandy Spring Bank now owns 358 shares of the utilities provider's stock worth $27,000 after acquiring an additional 179 shares during the period. Finally, Riverview Trust Co lifted its stake in Entergy by 100.0% in the fourth quarter. Riverview Trust Co now owns 364 shares of the utilities provider's stock worth $28,000 after acquiring an additional 182 shares during the period. 88.07% of the stock is currently owned by institutional investors.
Entergy Stock Performance
NYSE:ETR traded down $1.57 during midday trading on Tuesday, hitting $83.52. The company's stock had a trading volume of 3,931,219 shares, compared to its average volume of 4,266,672. Entergy Corporation has a fifty-two week low of $52.06 and a fifty-two week high of $88.38. The firm's 50 day moving average is $83.47 and its 200-day moving average is $78.71. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.72 and a quick ratio of 0.59. The firm has a market cap of $35.98 billion, a P/E ratio of 34.30, a P/E/G ratio of 2.34 and a beta of 0.56.
Entergy (NYSE:ETR - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The utilities provider reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.22. Entergy had a net margin of 8.90% and a return on equity of 10.68%. The company had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter in the prior year, the company earned $0.54 EPS. Equities analysts anticipate that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.
Entergy Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Friday, May 2nd will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.87%. The ex-dividend date is Friday, May 2nd. Entergy's dividend payout ratio (DPR) is 98.77%.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on the stock. LADENBURG THALM/SH SH raised shares of Entergy from a "neutral" rating to a "buy" rating and set a $86.50 price objective for the company in a research note on Thursday, January 30th. Evercore ISI increased their price target on shares of Entergy from $75.00 to $86.00 and gave the company an "in-line" rating in a research report on Wednesday, February 19th. Barclays increased their price target on shares of Entergy from $79.00 to $88.00 and gave the company an "overweight" rating in a research report on Tuesday, April 8th. Morgan Stanley reissued an "overweight" rating on shares of Entergy in a research report on Wednesday, April 23rd. Finally, UBS Group increased their price target on shares of Entergy from $86.00 to $96.00 and gave the company a "buy" rating in a research report on Friday, March 21st. Five analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $85.25.
Check Out Our Latest Research Report on Entergy
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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