Sumitomo Mitsui Trust Group Inc. grew its holdings in Entergy Corporation (NYSE:ETR - Free Report) by 1.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 978,356 shares of the utilities provider's stock after purchasing an additional 13,278 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.23% of Entergy worth $83,640,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also modified their holdings of ETR. NBT Bank N A NY raised its holdings in Entergy by 100.0% in the 4th quarter. NBT Bank N A NY now owns 340 shares of the utilities provider's stock valued at $26,000 after buying an additional 170 shares during the period. Grove Bank & Trust raised its stake in shares of Entergy by 188.5% in the 1st quarter. Grove Bank & Trust now owns 352 shares of the utilities provider's stock valued at $30,000 after acquiring an additional 230 shares during the period. Duncker Streett & Co. Inc. raised its stake in shares of Entergy by 100.0% in the 4th 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 during the period. Sandy Spring Bank lifted its holdings in shares of Entergy by 100.0% in the 4th quarter. Sandy Spring Bank now owns 358 shares of the utilities provider's stock worth $27,000 after acquiring an additional 179 shares during the last quarter. Finally, Glen Eagle Advisors LLC boosted its position in shares of Entergy by 100.0% during the 4th 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 period. Institutional investors and hedge funds own 88.07% of the company's stock.
Entergy Stock Up 1.0%
Entergy stock traded up $0.83 during trading on Friday, reaching $82.15. The stock had a trading volume of 1,120,750 shares, compared to its average volume of 3,581,840. The company has a quick ratio of 0.55, a current ratio of 0.82 and a debt-to-equity ratio of 1.91. Entergy Corporation has a 52-week low of $52.07 and a 52-week high of $88.38. The stock has a market cap of $35.39 billion, a PE ratio of 26.67, a P/E/G ratio of 2.22 and a beta of 0.59. The business has a 50 day moving average price of $82.54 and a 200 day moving average price of $81.78.
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 for the quarter, beating analysts' consensus estimates of $0.60 by $0.22. The business had revenue of $3.02 billion for the quarter, compared to analyst estimates of $3.13 billion. Entergy had a net margin of 11.26% and a return on equity of 11.43%. During the same period last year, the business earned $0.54 EPS. On average, analysts predict that Entergy Corporation will post 3.88 EPS for the current year.
Entergy Dividend Announcement
The firm also recently disclosed 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. The ex-dividend date was Friday, May 2nd. This represents a $2.40 annualized dividend and a dividend yield of 2.92%. Entergy's dividend payout ratio is currently 77.92%.
Analyst Upgrades and Downgrades
A number of analysts have issued reports on ETR shares. Raymond James Financial assumed coverage on Entergy in a research report on Friday, June 13th. They issued a "market perform" rating on the stock. JPMorgan Chase & Co. lifted their price objective on Entergy from $87.00 to $98.00 and gave the company an "overweight" rating in a research note on Tuesday, March 11th. Barclays increased their target price on Entergy from $88.00 to $91.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. 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 report on Wednesday, May 14th. Finally, Morgan Stanley reduced their price target on shares of Entergy from $82.00 to $81.00 and set an "equal weight" rating on the stock in a research report on Wednesday, June 18th. Six analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $86.25.
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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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