Money Concepts Capital Corp acquired a new stake in Entergy Corporation (NYSE:ETR - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 5,078 shares of the utilities provider's stock, valued at approximately $434,000.
Other institutional investors also recently modified their holdings of the company. Bartlett & CO. Wealth Management LLC raised its holdings in Entergy by 138.9% during the first quarter. Bartlett & CO. Wealth Management LLC now owns 7,646 shares of the utilities provider's stock worth $654,000 after buying an additional 4,446 shares during the last quarter. Diversified Trust Co lifted its position in Entergy by 15.0% in the 1st quarter. Diversified Trust Co now owns 6,900 shares of the utilities provider's stock valued at $590,000 after acquiring an additional 898 shares in the last quarter. Total Wealth Planning & Management Inc. bought a new position in Entergy in the 1st quarter valued at about $217,000. Bank of Stockton boosted its stake in Entergy by 5.0% during the 1st quarter. Bank of Stockton now owns 8,442 shares of the utilities provider's stock valued at $722,000 after purchasing an additional 401 shares during the last quarter. Finally, KG&L Capital Management LLC bought a new stake in Entergy during the 1st quarter worth approximately $239,000. Institutional investors and hedge funds own 88.07% of the company's stock.
Entergy Price Performance
Entergy stock traded down $1.07 during midday trading on Wednesday, hitting $81.46. 980,311 shares of the company's stock were exchanged, compared to its average volume of 3,579,203. The company has a market cap of $35.09 billion, a P/E ratio of 26.49, a PEG ratio of 2.26 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 has a 50-day moving average price of $82.66 and a two-hundred day moving average price of $81.73. Entergy Corporation has a 52-week low of $52.07 and a 52-week high of $88.38.
Entergy (NYSE:ETR - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The utilities provider reported $0.82 EPS for the quarter, topping the consensus estimate 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 return on equity of 11.43% and a net margin of 11.26%. During the same quarter in the previous year, the firm earned $0.54 earnings per share. On average, equities research analysts forecast that Entergy Corporation will post 3.88 earnings per share for the current year.
Entergy Announces Dividend
The business also recently disclosed 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 annualized dividend and a dividend yield of 2.95%. The ex-dividend date of this dividend was Friday, May 2nd. Entergy's dividend payout ratio (DPR) is currently 77.92%.
Wall Street Analysts Forecast Growth
Several research analysts recently issued reports on ETR shares. Morgan Stanley cut 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 lifted their price objective on shares of Entergy from $89.00 to $93.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. JPMorgan Chase & Co. increased their price objective on shares of Entergy from $87.00 to $98.00 and gave the company an "overweight" rating in a research note on Tuesday, March 11th. Barclays raised their price objective on shares of Entergy from $88.00 to $91.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Finally, UBS Group upped their price target on Entergy from $86.00 to $96.00 and gave the company a "buy" rating in a research report on Friday, March 21st. Six investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $86.25.
Check Out Our Latest Research 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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