8,018 Shares in Entergy Corporation (NYSE:ETR) Acquired by Stevens Capital Management LP

Key Points

• Stevens Capital Management LP has acquired a new stake in Entergy Corporation, purchasing 8,018 shares valued at approximately $685,000 during the 1st quarter.
• Entergy reported a quarterly EPS of $0.82, exceeding analysts' estimates of $0.60, while achieving revenue of $3.02 billion, slightly below expectations.
• Recent analyst reports indicate mixed sentiments, with price targets for Entergy ranging from $81 to $102, and a consensus rating of "Moderate Buy" based on multiple analyst assessments.

Stevens Capital Management LP purchased a new stake in shares of Entergy Corporation (NYSE:ETR - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 8,018 shares of the utilities provider's stock, valued at approximately $685,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Glen Eagle Advisors LLC increased its holdings in shares of 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 purchasing an additional 180 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Entergy in the first quarter worth about $28,000. Glass Jacobson Investment Advisors llc bought a new stake in shares of Entergy in the fourth quarter worth about $29,000. MV Capital Management Inc. increased its holdings in shares of Entergy by 103.6% in the fourth quarter. MV Capital Management Inc. now owns 399 shares of the utilities provider's stock worth $30,000 after purchasing an additional 203 shares during the last quarter. Finally, Fourth Dimension Wealth LLC bought a new stake in Entergy during the fourth quarter worth approximately $30,000. 88.07% of the stock is owned by institutional investors.

Entergy Trading Up 2.0%

Shares of NYSE ETR traded up $1.71 during trading hours on Tuesday, reaching $88.39. The stock had a trading volume of 1,162,321 shares, compared to its average volume of 3,621,493. The company has a current ratio of 0.82, a quick ratio of 0.55 and a debt-to-equity ratio of 1.91. The firm has a market cap of $38.08 billion, a price-to-earnings ratio of 28.70, a P/E/G ratio of 2.40 and a beta of 0.59. The business's fifty day moving average price is $83.01 and its two-hundred day moving average price is $82.92. Entergy Corporation has a 52-week low of $56.98 and a 52-week high of $89.35.

Entergy (NYSE:ETR - Get Free Report) last announced its quarterly earnings results 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 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 business earned $0.54 earnings per share. Analysts expect that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Wednesday, August 13th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Wednesday, August 13th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.72%. Entergy's payout ratio is 77.92%.

Analysts Set New Price Targets

ETR has been the topic of several analyst reports. JPMorgan Chase & Co. boosted 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. Raymond James Financial initiated coverage on Entergy in a research note on Friday, June 13th. They set a "market perform" rating on the stock. Morgan Stanley reduced their price objective on Entergy from $82.00 to $81.00 and set an "equal weight" rating on the stock in a research note on Wednesday, June 18th. BMO Capital Markets boosted their price objective on Entergy from $89.00 to $93.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Finally, Barclays reduced their price objective on Entergy from $91.00 to $87.00 and set an "overweight" rating on the stock in a research note on Thursday, July 10th. 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 company has a consensus rating of "Moderate Buy" and a consensus target price of $86.46.

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.