Field & Main Bank boosted its position in Entergy Corporation (NYSE:ETR - Free Report) by 1,001.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,505 shares of the utilities provider's stock after purchasing an additional 5,005 shares during the period. Field & Main Bank's holdings in Entergy were worth $471,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. NBT Bank N A NY boosted its position in shares of Entergy by 100.0% during the 4th quarter. NBT Bank N A NY now owns 340 shares of the utilities provider's stock valued at $26,000 after purchasing an additional 170 shares in the last quarter. Duncker Streett & Co. Inc. lifted its stake in Entergy by 100.0% during the fourth quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider's stock valued at $27,000 after buying an additional 179 shares in the last quarter. Sandy Spring Bank boosted its holdings in shares of Entergy by 100.0% in 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 period. Glen Eagle Advisors LLC increased its position in shares of Entergy by 100.0% in the fourth quarter. Glen Eagle Advisors LLC now owns 360 shares of the utilities provider's stock worth $27,000 after acquiring an additional 180 shares in the last quarter. Finally, Riverview Trust Co lifted its stake in Entergy by 100.0% in the 4th quarter. Riverview Trust Co now owns 364 shares of the utilities provider's stock worth $28,000 after acquiring an additional 182 shares in the last quarter. 88.07% of the stock is owned by institutional investors.
Entergy Price Performance
Shares of ETR stock opened at $83.00 on Wednesday. Entergy Corporation has a 52 week low of $52.07 and a 52 week high of $88.38. The stock has a market capitalization of $35.75 billion, a PE ratio of 26.95, a PEG ratio of 2.25 and a beta of 0.59. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.55 and a current ratio of 0.82. The stock's fifty day moving average is $82.67 and its 200-day moving average is $81.45.
Entergy (NYSE:ETR - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.22. The business had revenue of $3.02 billion for the quarter, compared to analyst estimates of $3.13 billion. Entergy had a return on equity of 11.43% and a net margin of 11.26%. During the same quarter in the prior year, the firm posted $0.54 earnings per share. Equities research analysts expect that Entergy Corporation will post 3.88 EPS for the current fiscal year.
Entergy Dividend Announcement
The firm 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. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date was Friday, May 2nd. Entergy's dividend payout ratio is currently 77.92%.
Wall Street Analyst Weigh In
Several analysts recently commented on the stock. KeyCorp upgraded shares of Entergy from a "sector weight" rating to an "overweight" rating and set a $85.00 price target for the company in a report on Wednesday, May 14th. Barclays increased their price objective on Entergy from $88.00 to $91.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Morgan Stanley dropped their target price on Entergy from $82.00 to $81.00 and set an "equal weight" rating on the stock in a research report on Wednesday, June 18th. BMO Capital Markets raised 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. Finally, Raymond James Financial initiated coverage on Entergy in a research report on Friday, June 13th. They set a "market perform" rating for the company. Six 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 company presently has an average rating of "Moderate Buy" and an average target price of $86.25.
Read Our Latest Analysis on ETR
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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