Voya Investment Management LLC lifted its position in Entergy Corporation (NYSE:ETR - Free Report) by 74.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 318,121 shares of the utilities provider's stock after acquiring an additional 136,256 shares during the period. Voya Investment Management LLC owned 0.07% of Entergy worth $24,120,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fortis Group Advisors LLC raised its stake 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 increased its holdings in Entergy by 100.0% in the 4th quarter. NBT Bank N A NY now owns 340 shares of the utilities provider's stock worth $26,000 after buying an additional 170 shares during the period. Duncker Streett & Co. Inc. raised its position in Entergy by 100.0% during the 4th quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider's stock worth $27,000 after buying an additional 179 shares during the last quarter. Sandy Spring Bank lifted its stake in Entergy by 100.0% during 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 period. Finally, Riverview Trust Co boosted its holdings in shares of Entergy by 100.0% in the 4th quarter. Riverview Trust Co now owns 364 shares of the utilities provider's stock valued at $28,000 after acquiring an additional 182 shares during the last quarter. Hedge funds and other institutional investors own 88.07% of the company's stock.
Analysts Set New Price Targets
A number of research analysts recently issued reports on ETR shares. Wells Fargo & Company boosted their target price on shares of Entergy from $85.00 to $97.00 and gave the company an "overweight" rating in a research report on Wednesday, February 19th. JPMorgan Chase & Co. boosted their price objective on Entergy from $87.00 to $98.00 and gave the company an "overweight" rating in a report on Tuesday, March 11th. Barclays lifted their price target on Entergy from $88.00 to $91.00 and gave the company an "overweight" rating in a research report on Thursday. Morgan Stanley restated an "overweight" rating on shares of Entergy in a research report on Wednesday, April 23rd. Finally, UBS Group lifted their target price on shares of Entergy from $86.00 to $96.00 and gave the company a "buy" rating in a report on Friday, March 21st. Five research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $85.75.
Read Our Latest Stock Report on ETR
Entergy Price Performance
Shares of NYSE:ETR traded up $0.26 during trading on Thursday, reaching $83.43. The stock had a trading volume of 3,649,234 shares, compared to its average volume of 3,677,234. The business has a fifty day moving average price of $83.38 and a 200-day moving average price of $78.78. Entergy Corporation has a 1-year low of $52.07 and a 1-year 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 stock has a market cap of $35.94 billion, a PE ratio of 34.26, a PEG ratio of 2.34 and a beta of 0.56.
Entergy (NYSE:ETR - Get Free Report) last posted 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 firm had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $3.13 billion. During the same period last year, the firm posted $0.54 earnings per share. On average, equities analysts forecast 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. Shareholders of record on Friday, May 2nd will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date is Friday, May 2nd. Entergy's dividend payout ratio (DPR) is presently 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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