Stanley Laman Group Ltd. lowered its stake in Entergy Corporation (NYSE:ETR - Free Report) by 2.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 101,591 shares of the utilities provider's stock after selling 3,066 shares during the period. Entergy accounts for 1.3% of Stanley Laman Group Ltd.'s holdings, making the stock its 7th biggest position. Stanley Laman Group Ltd.'s holdings in Entergy were worth $8,685,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently made changes to their positions in the company. LaFleur & Godfrey LLC purchased a new position in Entergy during the 4th quarter worth approximately $217,000. Brighton Jones LLC raised its holdings in shares of Entergy by 275.6% during the fourth quarter. Brighton Jones LLC now owns 9,176 shares of the utilities provider's stock worth $696,000 after purchasing an additional 6,733 shares during the last quarter. Apollon Wealth Management LLC lifted its position in Entergy by 183.3% during the fourth quarter. Apollon Wealth Management LLC now owns 6,162 shares of the utilities provider's stock valued at $467,000 after purchasing an additional 3,987 shares during the period. Wilmington Savings Fund Society FSB lifted its position in Entergy by 104.4% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 2,720 shares of the utilities provider's stock valued at $206,000 after purchasing an additional 1,389 shares during the period. Finally, Stephens Inc. AR boosted its holdings in Entergy by 78.6% in the fourth quarter. Stephens Inc. AR now owns 15,559 shares of the utilities provider's stock valued at $1,180,000 after purchasing an additional 6,848 shares during the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.
Entergy Price Performance
ETR stock traded down $1.31 during midday trading on Friday, reaching $81.98. The stock had a trading volume of 2,540,283 shares, compared to its average volume of 3,596,126. Entergy Corporation has a 52-week low of $52.07 and a 52-week high of $88.38. The company has a current ratio of 0.72, a quick ratio of 0.59 and a debt-to-equity ratio of 1.81. The company's fifty day simple moving average is $82.60 and its 200 day simple moving average is $81.22. The company has a market cap of $35.31 billion, a price-to-earnings ratio of 33.67, a price-to-earnings-growth ratio of 2.34 and a beta of 0.59.
Entergy (NYSE:ETR - Get Free Report) last issued its earnings results on Tuesday, April 29th. The utilities provider reported $0.82 EPS for the quarter, beating analysts' consensus estimates of $0.60 by $0.22. The business had revenue of $3.02 billion during the quarter, compared to analysts' expectations of $3.13 billion. Entergy had a net margin of 8.90% and a return on equity of 10.68%. During the same period in the prior year, the business earned $0.54 earnings per share. As a group, sell-side analysts predict that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.
Entergy Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Friday, May 2nd were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date was Friday, May 2nd. Entergy's dividend payout ratio (DPR) is 77.92%.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on the company. Evercore ISI lifted their price objective on Entergy from $75.00 to $86.00 and gave the company an "in-line" rating in a research note on Wednesday, February 19th. BMO Capital Markets raised their target price on Entergy from $89.00 to $93.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Wells Fargo & Company boosted their price target on Entergy from $85.00 to $97.00 and gave the company an "overweight" rating in a report on Wednesday, February 19th. JPMorgan Chase & Co. raised their price objective 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. Finally, Raymond James began coverage on shares of Entergy in a report on Friday. They set a "market perform" rating for the company. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $86.04.
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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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