Allianz Asset Management GmbH Increases Position in Entergy Corporation (NYSE:ETR)

Allianz Asset Management GmbH grew its holdings in Entergy Corporation (NYSE:ETR - Free Report) by 1.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 440,160 shares of the utilities provider's stock after purchasing an additional 5,108 shares during the quarter. Allianz Asset Management GmbH owned about 0.10% of Entergy worth $37,629,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in ETR. Glen Eagle Advisors LLC raised its position in Entergy by 100.0% in the 4th quarter. Glen Eagle Advisors LLC now owns 360 shares of the utilities provider's stock valued at $27,000 after buying an additional 180 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Entergy in the first quarter valued at about $28,000. Glass Jacobson Investment Advisors llc bought a new position in shares of Entergy during the fourth quarter valued at about $29,000. Mark Sheptoff Financial Planning LLC increased its stake in Entergy by 100.0% in the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 400 shares of the utilities provider's stock valued at $30,000 after buying an additional 200 shares during the last quarter. Finally, MV Capital Management Inc. lifted its position in shares of Entergy by 103.6% during the 4th quarter. MV Capital Management Inc. now owns 399 shares of the utilities provider's stock worth $30,000 after buying an additional 203 shares in the last quarter. Institutional investors own 88.07% of the company's stock.

Entergy Trading Up 0.1%

Shares of NYSE:ETR traded up $0.05 on Friday, reaching $88.20. 1,804,809 shares of the company traded hands, compared to its average volume of 3,645,497. The business's 50-day simple moving average is $82.83 and its 200 day simple moving average is $82.68. The company has a current ratio of 0.82, a quick ratio of 0.55 and a debt-to-equity ratio of 1.91. Entergy Corporation has a 52 week low of $56.00 and a 52 week high of $89.35. The stock has a market capitalization of $37.99 billion, a P/E ratio of 28.64, a price-to-earnings-growth ratio of 2.40 and a beta of 0.59.

Entergy (NYSE:ETR - Get Free Report) last posted its earnings results on Tuesday, April 29th. The utilities provider reported $0.82 earnings per share for the quarter, topping analysts' consensus estimates of $0.60 by $0.22. The company had revenue of $3.02 billion during the quarter, compared to analyst estimates of $3.13 billion. Entergy had a net margin of 11.26% and a return on equity of 11.43%. During the same period in the prior year, the business posted $0.54 earnings per share. As a group, equities analysts anticipate that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Wednesday, August 13th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.72%. Entergy's dividend payout ratio is presently 77.92%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ETR. JPMorgan Chase & Co. lifted their price target on Entergy from $100.00 to $102.00 and gave the stock an "overweight" rating in a report on Tuesday, July 15th. Barclays decreased their price target on shares of Entergy from $91.00 to $87.00 and set an "overweight" rating for the company in a research note on Thursday, July 10th. BMO Capital Markets lifted their price target on shares of Entergy from $89.00 to $93.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Morgan Stanley lowered their price target on shares of Entergy from $82.00 to $81.00 and set an "equal weight" rating on the stock in a research report on Wednesday, June 18th. Finally, KeyCorp boosted their target price on shares of Entergy from $85.00 to $88.00 and gave the company an "overweight" rating in a report on Wednesday, July 16th. Six investment 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 company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $86.46.

Entergy 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.