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Natixis Advisors LLC Has $34.18 Million Holdings in Entergy Corporation (NYSE:ETR)

Entergy logo with Utilities background

Key Points

  • Natixis Advisors LLC reduced its holdings in Entergy Corporation by 19.9%, now owning approximately 399,845 shares valued at $34.18 million.
  • Entergy recently beat earnings expectations, reporting $1.05 earnings per share, exceeding the consensus estimate of $0.91.
  • The company announced a quarterly dividend of $0.60 per share, set to be paid on September 2nd, representing an annualized yield of 2.7%.
  • Five stocks we like better than Entergy.

Natixis Advisors LLC decreased its position in Entergy Corporation (NYSE:ETR - Free Report) by 19.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 399,845 shares of the utilities provider's stock after selling 99,350 shares during the quarter. Natixis Advisors LLC owned about 0.09% of Entergy worth $34,183,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. NorthRock Partners LLC boosted its stake in Entergy by 13.8% in the 1st quarter. NorthRock Partners LLC now owns 3,508 shares of the utilities provider's stock valued at $300,000 after purchasing an additional 426 shares during the period. Wellington Shields & Co. LLC bought a new stake in shares of Entergy in the first quarter valued at about $34,000. Mesirow Financial Investment Management Inc. grew its stake in shares of Entergy by 10.6% in the first quarter. Mesirow Financial Investment Management Inc. now owns 3,748 shares of the utilities provider's stock valued at $320,000 after acquiring an additional 360 shares in the last quarter. Arkadios Wealth Advisors increased its position in Entergy by 22.0% during the first quarter. Arkadios Wealth Advisors now owns 7,058 shares of the utilities provider's stock worth $603,000 after acquiring an additional 1,272 shares during the period. Finally, Bayforest Capital Ltd raised its stake in Entergy by 1,707.7% in the 1st quarter. Bayforest Capital Ltd now owns 3,525 shares of the utilities provider's stock worth $301,000 after purchasing an additional 3,330 shares in the last quarter. Institutional investors own 88.07% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on ETR shares. Barclays lowered their target price on shares of Entergy from $91.00 to $87.00 and set an "overweight" rating on the stock in a report on Thursday, July 10th. JPMorgan Chase & Co. raised their price objective on Entergy from $100.00 to $102.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 15th. KeyCorp reiterated an "overweight" rating and set a $96.00 target price (up from $88.00) on shares of Entergy in a research report on Thursday. Raymond James Financial began coverage on Entergy in a report on Friday, June 13th. They set a "market perform" rating on the stock. Finally, BMO Capital Markets boosted their price target on Entergy from $89.00 to $93.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. 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's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $88.07.

View Our Latest Stock Analysis on ETR

Entergy Trading Up 1.3%

ETR opened at $90.48 on Friday. The company has a market cap of $38.98 billion, a P/E ratio of 22.54, a PEG ratio of 2.43 and a beta of 0.59. The company has a current ratio of 0.80, a quick ratio of 0.55 and a debt-to-equity ratio of 1.73. The company's 50 day moving average is $83.41 and its 200-day moving average is $83.09. Entergy Corporation has a 1-year low of $57.47 and a 1-year high of $91.46.

Entergy (NYSE:ETR - Get Free Report) last issued its earnings results on Wednesday, July 30th. The utilities provider reported $1.05 earnings per share for the quarter, beating analysts' consensus estimates of $0.91 by $0.14. The firm had revenue of $3.02 billion for the quarter, compared to analyst estimates of $3.11 billion. Entergy had a net margin of 14.35% and a return on equity of 11.52%. During the same quarter last year, the business posted $1.92 earnings per share. Equities research analysts predict that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Wednesday, August 13th will be given a $0.60 dividend. The ex-dividend date is Wednesday, August 13th. This represents a $2.40 annualized dividend and a yield of 2.7%. Entergy's dividend payout ratio (DPR) is currently 59.85%.

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.

Further Reading

Want to see what other hedge funds are holding ETR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Entergy Corporation (NYSE:ETR - Free Report).

Institutional Ownership by Quarter for Entergy (NYSE:ETR)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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