SG Americas Securities LLC grew its position in shares of Entergy Corporation (NYSE:ETR - Free Report) by 714.7% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 77,135 shares of the utilities provider's stock after buying an additional 67,667 shares during the quarter. SG Americas Securities LLC's holdings in Entergy were worth $6,594,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Legacy Financial Advisors Inc. increased its stake in shares of Entergy by 60.0% during the 4th quarter. Legacy Financial Advisors Inc. now owns 16,077 shares of the utilities provider's stock worth $1,219,000 after purchasing an additional 6,028 shares during the last quarter. Strategic Financial Concepts LLC bought a new position in Entergy during the fourth quarter valued at $4,393,000. LaFleur & Godfrey LLC purchased a new stake in Entergy in the fourth quarter worth $217,000. Bank of Montreal Can raised its stake in shares of Entergy by 74.3% in the fourth quarter. Bank of Montreal Can now owns 670,923 shares of the utilities provider's stock valued at $50,869,000 after buying an additional 286,005 shares during the period. Finally, Braun Stacey Associates Inc. lifted its position in shares of Entergy by 88.8% during the 4th quarter. Braun Stacey Associates Inc. now owns 360,502 shares of the utilities provider's stock valued at $27,333,000 after buying an additional 169,511 shares during the last quarter. Hedge funds and other institutional investors own 88.07% of the company's stock.
Entergy Price Performance
NYSE ETR traded down $0.60 during trading on Monday, reaching $81.47. The company's stock had a trading volume of 1,122,141 shares, compared to its average volume of 3,586,483. The firm has a fifty day moving average of $82.60 and a 200 day moving average of $81.24. Entergy Corporation has a one year low of $52.07 and a one year high of $88.38. The stock has a market capitalization of $35.10 billion, a PE ratio of 33.46, a P/E/G ratio of 2.34 and a beta of 0.59. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.72 and a quick ratio of 0.59.
Entergy (NYSE:ETR - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The utilities provider reported $0.82 earnings per share for the quarter, topping 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 company had revenue of $3.02 billion for the quarter, compared to analysts' expectations of $3.13 billion. During the same period in the prior year, the business earned $0.54 earnings per share. Analysts expect that Entergy Corporation will post 3.88 EPS for the current fiscal year.
Entergy Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Friday, May 2nd were given a $0.60 dividend. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $2.40 annualized dividend and a yield of 2.95%. Entergy's dividend payout ratio (DPR) is presently 77.92%.
Analysts Set New Price Targets
A number of equities research analysts recently issued reports on the company. JPMorgan Chase & Co. boosted their price objective on Entergy from $87.00 to $98.00 and gave the company an "overweight" rating in a research note on Tuesday, March 11th. Morgan Stanley reiterated an "overweight" rating on shares of Entergy in a research note on Wednesday, April 23rd. Barclays upped their price target on shares of Entergy from $88.00 to $91.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Raymond James initiated coverage on shares of Entergy in a research note on Friday. They issued a "market perform" rating for the company. Finally, KeyCorp upgraded Entergy from a "sector weight" rating to an "overweight" rating and set a $85.00 target price on the stock in a research report on Wednesday, May 14th. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $86.04.
Check Out Our Latest Stock Report on Entergy
Entergy Company Profile
(
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.
Further Reading
Before you consider Entergy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Entergy wasn't on the list.
While Entergy currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
