Capital International Inc. CA increased its stake in Entergy Corporation (NYSE:ETR - Free Report) by 152.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 72,676 shares of the utilities provider's stock after purchasing an additional 43,832 shares during the quarter. Capital International Inc. CA's holdings in Entergy were worth $5,510,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. NBT Bank N A NY increased its stake in Entergy by 100.0% in 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 in the last quarter. Fortis Group Advisors LLC boosted its position in shares of 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 buying an additional 172 shares in the last quarter. Duncker Streett & Co. Inc. grew 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 valued at $27,000 after acquiring an additional 179 shares during the last quarter. Sandy Spring Bank raised its position in Entergy by 100.0% during 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 last quarter. Finally, Riverview Trust Co lifted its holdings in shares of Entergy by 100.0% in the fourth quarter. Riverview Trust Co now owns 364 shares of the utilities provider's stock valued at $28,000 after purchasing an additional 182 shares in the last quarter. Hedge funds and other institutional investors own 88.07% of the company's stock.
Entergy Trading Down 0.6 %
Shares of ETR traded down $0.49 during trading hours on Friday, hitting $84.49. The stock had a trading volume of 723,452 shares, compared to its average volume of 3,666,639. Entergy Corporation has a 12-month low of $52.07 and a 12-month high of $88.38. The firm has a market cap of $36.39 billion, a P/E ratio of 34.70, a P/E/G 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. The company's fifty day simple moving average is $83.57 and its 200 day simple moving average is $78.25.
Entergy (NYSE:ETR - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The utilities provider reported $0.66 EPS for the quarter, topping analysts' consensus estimates of $0.63 by $0.03. Entergy had a return on equity of 10.68% and a net margin of 8.90%. The company had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $3.24 billion. During the same period last year, the business posted $0.26 EPS. Equities research analysts forecast that Entergy Corporation will post 3.88 EPS for the current fiscal year.
Entergy Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Friday, May 2nd will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date is Friday, May 2nd. Entergy's dividend payout ratio is presently 98.77%.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on ETR shares. Morgan Stanley reaffirmed an "overweight" rating on shares of Entergy in a research note on Wednesday. Barclays increased their price objective on Entergy from $79.00 to $88.00 and gave the company an "overweight" rating in a research note on Tuesday, April 8th. LADENBURG THALM/SH SH raised shares of Entergy from a "neutral" rating to a "buy" rating and set a $86.50 target price for the company in a research note on Thursday, January 30th. Scotiabank reduced their target price on shares of Entergy from $165.00 to $82.00 and set a "sector perform" rating on the stock in a report on Tuesday, January 7th. Finally, BMO Capital Markets lowered their price target on shares of Entergy from $94.00 to $89.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Five equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $85.25.
Get Our Latest Analysis on ETR
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.
See Also
Before you consider Entergy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Entergy wasn't on the list.
While Entergy currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
