Praxis Investment Management Inc. Has $1.34 Million Position in Entergy Corporation (NYSE:ETR)

Praxis Investment Management Inc. increased its stake in shares of Entergy Corporation (NYSE:ETR - Free Report) by 94.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,650 shares of the utilities provider's stock after acquiring an additional 7,610 shares during the quarter. Praxis Investment Management Inc.'s holdings in Entergy were worth $1,338,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. NBT Bank N A NY boosted its position in shares of Entergy by 100.0% during the 4th quarter. NBT Bank N A NY now owns 340 shares of the utilities provider's stock worth $26,000 after purchasing an additional 170 shares in the last quarter. Duncker Streett & Co. Inc. raised its stake in Entergy by 100.0% during the 4th quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider's stock worth $27,000 after buying an additional 179 shares during the period. Sandy Spring Bank raised its stake in 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 buying an additional 179 shares during the period. Glen Eagle Advisors LLC boosted its holdings in Entergy by 100.0% in the fourth quarter. Glen Eagle Advisors LLC now owns 360 shares of the utilities provider's stock worth $27,000 after acquiring an additional 180 shares in the last quarter. Finally, Riverview Trust Co grew its stake 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 during the period. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Entergy Stock Performance

ETR stock opened at $80.99 on Friday. 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 market cap of $34.89 billion, a PE ratio of 26.30, a P/E/G ratio of 2.21 and a beta of 0.59. The business has a 50 day moving average of $82.68 and a 200-day moving average of $81.36. Entergy Corporation has a 12-month low of $52.07 and a 12-month high of $88.38.

Entergy (NYSE:ETR - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.60 by $0.22. The firm 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 quarter in the prior year, the company earned $0.54 EPS. As a group, sell-side analysts expect that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date was Friday, May 2nd. Entergy's dividend payout ratio is currently 77.92%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on ETR shares. Barclays upped their target price on Entergy from $88.00 to $91.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. BMO Capital Markets upped 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. Morgan Stanley dropped their price objective on shares of Entergy from $82.00 to $81.00 and set an "equal weight" rating on the stock in a research note on Wednesday. UBS Group lifted their price objective 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, KeyCorp raised shares of Entergy from a "sector weight" rating to an "overweight" rating and set a $85.00 target price for the company in a research report on Wednesday, May 14th. Six equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $86.25.

About Entergy

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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