AAFMAA Wealth Management & Trust LLC bought a new stake in shares of Entergy Corporation (NYSE:ETR - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 16,995 shares of the utilities provider's stock, valued at approximately $1,453,000.
Several other institutional investors also recently made changes to their positions in ETR. NBT Bank N A NY increased its holdings in shares of Entergy by 100.0% in the fourth 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. Fortis Group Advisors LLC increased 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 worth $26,000 after buying an additional 172 shares during the last quarter. Duncker Streett & Co. Inc. increased its position in Entergy by 100.0% during 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 during the last quarter. Sandy Spring Bank increased 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 buying an additional 179 shares during the last quarter. Finally, Glen Eagle Advisors LLC increased its position in Entergy by 100.0% during the fourth quarter. Glen Eagle Advisors LLC now owns 360 shares of the utilities provider's stock worth $27,000 after buying an additional 180 shares during the last quarter. 88.07% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
ETR has been the topic of several research reports. UBS Group boosted their price objective on shares of Entergy from $86.00 to $96.00 and gave the stock a "buy" rating in a report on Friday, March 21st. Barclays raised 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. BMO Capital Markets raised their price objective on Entergy from $89.00 to $93.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Morgan Stanley reaffirmed an "overweight" rating on shares of Entergy in a research report on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. lifted their price target on shares of Entergy from $87.00 to $98.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 11th. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $86.04.
Check Out Our Latest Research Report on Entergy
Entergy Trading Up 0.4%
ETR stock traded up $0.31 during midday trading on Friday, reaching $82.11. The company's stock had a trading volume of 2,381,510 shares, compared to its average volume of 3,619,345. Entergy Corporation has a 52 week low of $52.07 and a 52 week high of $88.38. The stock has a market cap of $35.37 billion, a PE ratio of 33.72, a price-to-earnings-growth ratio of 2.34 and a beta of 0.59. The company has a quick ratio of 0.59, a current ratio of 0.72 and a debt-to-equity ratio of 1.81. The business's 50-day simple moving average is $82.54 and its 200-day simple moving average is $80.98.
Entergy (NYSE:ETR - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $3.13 billion. During the same period last year, the firm earned $0.54 earnings per share. As a group, sell-side analysts expect that Entergy Corporation will post 3.88 EPS for the current year.
Entergy Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Friday, May 2nd were given a dividend of $0.60 per share. The ex-dividend date was Friday, May 2nd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.92%. Entergy's dividend payout ratio is 77.92%.
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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