NorthRock Partners LLC purchased a new stake in shares of Entergy Corporation (NYSE:ETR - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 3,082 shares of the utilities provider's stock, valued at approximately $234,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Fortis Group Advisors LLC boosted its holdings in Entergy by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider's stock valued at $26,000 after acquiring an additional 172 shares in the last quarter. NBT Bank N A NY boosted its holdings in Entergy by 100.0% in the fourth quarter. NBT Bank N A NY now owns 340 shares of the utilities provider's stock valued at $26,000 after acquiring an additional 170 shares in the last quarter. Duncker Streett & Co. Inc. boosted its holdings in Entergy by 100.0% in the fourth quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider's stock valued at $27,000 after acquiring an additional 179 shares in the last quarter. Sandy Spring Bank boosted its holdings in Entergy by 100.0% in the fourth quarter. Sandy Spring Bank now owns 358 shares of the utilities provider's stock valued at $27,000 after acquiring an additional 179 shares in the last quarter. Finally, Riverview Trust Co boosted its holdings in Entergy by 100.0% in the fourth quarter. Riverview Trust Co now owns 364 shares of the utilities provider's stock valued at $28,000 after acquiring an additional 182 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors.
Entergy Price Performance
Shares of NYSE:ETR opened at $83.10 on Monday. Entergy Corporation has a fifty-two week low of $52.07 and a fifty-two week high of $88.38. The business has a 50-day simple moving average of $83.03 and a two-hundred day simple moving average of $80.16. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.59 and a current ratio of 0.72. The firm has a market cap of $35.80 billion, a price-to-earnings ratio of 34.13, a price-to-earnings-growth ratio of 2.34 and a beta of 0.62.
Entergy (NYSE:ETR - Get Free Report) last issued its earnings results on Tuesday, April 29th. The utilities provider reported $0.82 earnings per share for the quarter, topping analysts' consensus estimates of $0.60 by $0.22. Entergy had a return on equity of 10.68% and a net margin of 8.90%. The business had revenue of $3.02 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same quarter in the previous year, the firm earned $0.54 EPS. On average, analysts expect that Entergy Corporation will post 3.88 earnings per share for the current year.
Entergy Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Friday, May 2nd will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date of this dividend is Friday, May 2nd. Entergy's dividend payout ratio (DPR) is 77.92%.
Wall Street Analyst Weigh In
A number of analysts have recently commented on ETR shares. Barclays boosted their target price on shares of Entergy from $88.00 to $91.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Evercore ISI boosted their target price on shares of Entergy from $75.00 to $86.00 and gave the company an "in-line" rating in a report on Wednesday, February 19th. Morgan Stanley restated an "overweight" rating on shares of Entergy in a report on Wednesday, April 23rd. UBS Group boosted their target price on shares of Entergy from $86.00 to $96.00 and gave the company a "buy" rating in a report on Friday, March 21st. Finally, Wells Fargo & Company lifted their price target on Entergy from $85.00 to $97.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 19th. Four equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Entergy presently has a consensus rating of "Moderate Buy" and a consensus target price of $86.04.
Check Out Our Latest Stock Analysis 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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