Entergy Corporation (NYSE:ETR) Shares Sold by DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main trimmed its stake in shares of Entergy Corporation (NYSE:ETR - Free Report) by 87.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,028 shares of the utilities provider's stock after selling 14,637 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main's holdings in Entergy were worth $154,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Principal Financial Group Inc. grew its holdings in Entergy by 4.0% in the third quarter. Principal Financial Group Inc. now owns 280,262 shares of the utilities provider's stock valued at $36,885,000 after purchasing an additional 10,697 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Entergy by 60.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,589,727 shares of the utilities provider's stock valued at $472,444,000 after acquiring an additional 1,354,355 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Entergy by 0.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 29,336 shares of the utilities provider's stock worth $2,224,000 after acquiring an additional 162 shares during the last quarter. Graypoint LLC purchased a new stake in shares of Entergy in the fourth quarter valued at about $285,000. Finally, Czech National Bank grew its position in shares of Entergy by 113.5% in the fourth quarter. Czech National Bank now owns 92,976 shares of the utilities provider's stock valued at $7,049,000 after purchasing an additional 49,421 shares during the last quarter. Hedge funds and other institutional investors own 88.07% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on ETR. BMO Capital Markets increased their target price on Entergy from $89.00 to $93.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Barclays lifted their price objective on Entergy from $88.00 to $91.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. UBS Group upped 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. JPMorgan Chase & Co. upped their price objective on shares of Entergy from $87.00 to $98.00 and gave the company an "overweight" rating in a research note on Tuesday, March 11th. Finally, Evercore ISI lifted their target price on shares of Entergy from $75.00 to $86.00 and gave the stock an "in-line" rating in a research note on Wednesday, February 19th. Five equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $85.75.

Entergy Stock Performance

Entergy stock opened at $81.27 on Tuesday. The company has a market cap of $35.01 billion, a price-to-earnings ratio of 33.38, a price-to-earnings-growth ratio of 2.34 and a beta of 0.62. Entergy Corporation has a 12 month low of $52.07 and a 12 month high of $88.38. 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 stock's 50-day moving average is $83.00 and its 200-day moving average is $79.83.

Entergy (NYSE:ETR - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The utilities provider reported $0.82 EPS for the quarter, beating 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 analyst estimates of $3.13 billion. During the same quarter last year, the firm posted $0.54 earnings per share. Equities analysts anticipate that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Announces Dividend

The business 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. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.95%. Entergy's dividend payout ratio (DPR) is currently 77.92%.

Entergy Company Profile

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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