Principal Financial Group Inc. decreased its stake in shares of Entergy Corporation (NYSE:ETR - Free Report) by 1.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 543,533 shares of the utilities provider's stock after selling 5,693 shares during the quarter. Principal Financial Group Inc. owned approximately 0.13% of Entergy worth $46,467,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Entergy by 101.9% in the 4th quarter. Vanguard Group Inc. now owns 52,133,646 shares of the utilities provider's stock valued at $3,952,773,000 after acquiring an additional 26,312,267 shares during the last quarter. Bank of America Corp DE boosted its position in shares of Entergy by 142.8% in the 4th quarter. Bank of America Corp DE now owns 17,594,747 shares of the utilities provider's stock valued at $1,334,034,000 after purchasing an additional 10,347,926 shares during the period. Ameriprise Financial Inc. boosted its position in shares of Entergy by 71.4% in the 4th quarter. Ameriprise Financial Inc. now owns 12,884,421 shares of the utilities provider's stock valued at $976,895,000 after purchasing an additional 5,368,396 shares during the period. FMR LLC boosted its position in shares of Entergy by 90.7% in the 4th quarter. FMR LLC now owns 12,612,407 shares of the utilities provider's stock valued at $956,273,000 after purchasing an additional 5,998,760 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC boosted its position in shares of Entergy by 66.7% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 11,042,159 shares of the utilities provider's stock valued at $837,216,000 after purchasing an additional 4,418,528 shares during the period. Hedge funds and other institutional investors own 88.07% of the company's stock.
Analysts Set New Price Targets
A number of analysts recently issued reports on the company. Barclays decreased their target price on Entergy from $91.00 to $87.00 and set an "overweight" rating for the company in a research report on Thursday. KeyCorp raised Entergy from a "sector weight" rating to an "overweight" rating and set a $85.00 target price for the company in a research note on Wednesday, May 14th. UBS Group raised their price objective on Entergy from $86.00 to $96.00 and gave the company a "buy" rating in a research note on Friday, March 21st. Morgan Stanley dropped their price objective on Entergy from $82.00 to $81.00 and set an "equal weight" rating for the company in a research note on Wednesday, June 18th. Finally, Raymond James Financial started coverage on Entergy in a research report on Friday, June 13th. They set a "market perform" rating for the company. 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 stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $85.96.
Get Our Latest Research Report on ETR
Entergy Stock Up 0.8%
Shares of ETR traded up $0.69 during midday trading on Thursday, reaching $82.15. 1,675,969 shares of the company were exchanged, compared to its average volume of 3,553,973. The stock has a 50-day moving average price of $82.34 and a 200-day moving average price of $81.98. The company has a market cap of $35.39 billion, a price-to-earnings ratio of 26.67, a P/E/G ratio of 2.20 and a beta of 0.59. Entergy Corporation has a 1-year low of $52.46 and a 1-year high of $88.38. The company has a current ratio of 0.82, a quick ratio of 0.55 and a debt-to-equity ratio of 1.91.
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 analysts' consensus estimates of $0.60 by $0.22. Entergy had a return on equity of 11.43% and a net margin of 11.26%. The company had revenue of $3.02 billion for the quarter, compared to analysts' expectations of $3.13 billion. During the same quarter in the previous year, the firm posted $0.54 earnings per share. Research analysts expect that Entergy Corporation will post 3.88 earnings per share for the current year.
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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