Kentucky Retirement Systems Insurance Trust Fund increased its holdings in shares of Entergy Corporation (NYSE:ETR - Free Report) by 96.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,398 shares of the utilities provider's stock after buying an additional 6,083 shares during the period. Kentucky Retirement Systems Insurance Trust Fund's holdings in Entergy were worth $1,060,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently made changes to their positions in ETR. NBT Bank N A NY lifted its holdings in Entergy by 100.0% in 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 holdings in Entergy by 100.0% in the 4th quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider's stock valued at $27,000 after purchasing an additional 179 shares in the last quarter. Sandy Spring Bank raised its holdings in shares of Entergy by 100.0% during the 4th quarter. Sandy Spring Bank now owns 358 shares of the utilities provider's stock worth $27,000 after acquiring an additional 179 shares during the period. Glen Eagle Advisors LLC raised its holdings in shares of Entergy by 100.0% during the 4th quarter. Glen Eagle Advisors LLC now owns 360 shares of the utilities provider's stock worth $27,000 after acquiring an additional 180 shares during the period. Finally, Riverview Trust Co raised its holdings in shares of Entergy by 100.0% during 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 during the period. Hedge funds and other institutional investors own 88.07% of the company's stock.
Entergy Trading Up 0.5%
NYSE ETR traded up $0.39 during trading on Tuesday, hitting $83.00. The stock had a trading volume of 2,990,995 shares, compared to its average volume of 3,592,686. The company 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 quick ratio of 0.55, a current ratio of 0.82 and a debt-to-equity ratio of 1.91. The firm has a 50 day moving average price of $82.67 and a 200 day moving average price of $81.45. Entergy Corporation has a twelve month low of $52.07 and a twelve month high of $88.38.
Entergy (NYSE:ETR - Get Free Report) last released its earnings results on Tuesday, April 29th. The utilities provider reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.22. The company had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $3.13 billion. Entergy had a return on equity of 11.43% and a net margin of 11.26%. During the same period in the previous year, the company posted $0.54 EPS. As a group, equities research analysts forecast that Entergy Corporation will post 3.88 earnings per share for the current year.
Entergy Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Friday, May 2nd were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.89%. The ex-dividend date was Friday, May 2nd. Entergy's payout ratio is presently 77.92%.
Wall Street Analyst Weigh In
ETR has been the topic of several analyst reports. Barclays lifted their price target on Entergy from $88.00 to $91.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. BMO Capital Markets lifted their price target on Entergy from $89.00 to $93.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. KeyCorp upgraded Entergy from a "sector weight" rating to an "overweight" rating and set a $85.00 price target on the stock in a report on Wednesday, May 14th. Raymond James Financial initiated coverage on Entergy in a report on Friday, June 13th. They set a "market perform" rating on the stock. Finally, Morgan Stanley reduced their price target on Entergy from $82.00 to $81.00 and set an "equal weight" rating on the stock in a report on Wednesday, June 18th. Six investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Entergy has a consensus rating of "Moderate Buy" and a consensus target price of $86.25.
Check Out Our Latest Stock Report on Entergy
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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