Universal Beteiligungs und Servicegesellschaft mbH Buys New Holdings in Entergy Corporation (NYSE:ETR)

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Entergy Corporation (NYSE:ETR - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 237,143 shares of the utilities provider's stock, valued at approximately $17,980,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.06% of Entergy at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Legacy Financial Advisors Inc. lifted its position in shares of Entergy by 60.0% during the fourth quarter. Legacy Financial Advisors Inc. now owns 16,077 shares of the utilities provider's stock worth $1,219,000 after purchasing an additional 6,028 shares during the last quarter. Strategic Financial Concepts LLC bought a new stake in shares of Entergy in the fourth quarter valued at about $4,393,000. LaFleur & Godfrey LLC bought a new stake in shares of Entergy in the fourth quarter valued at about $217,000. Bank of Montreal Can raised its holdings in shares of Entergy by 74.3% in the fourth quarter. Bank of Montreal Can now owns 670,923 shares of the utilities provider's stock valued at $50,869,000 after acquiring an additional 286,005 shares in the last quarter. Finally, Avior Wealth Management LLC raised its holdings in shares of Entergy by 324.3% in the fourth quarter. Avior Wealth Management LLC now owns 734 shares of the utilities provider's stock valued at $56,000 after acquiring an additional 561 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ETR. BMO Capital Markets lifted their price objective on Entergy from $89.00 to $93.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Barclays lifted their price objective on Entergy from $88.00 to $91.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Morgan Stanley reiterated an "overweight" rating on shares of Entergy in a research note on Wednesday, April 23rd. Wells Fargo & Company lifted their target price on Entergy from $85.00 to $97.00 and gave the company an "overweight" rating in a research note on Wednesday, February 19th. Finally, KeyCorp upgraded Entergy from a "sector weight" rating to an "overweight" rating and set a $85.00 target price on the stock in a research note on Wednesday, May 14th. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Entergy has a consensus rating of "Moderate Buy" and an average target price of $86.04.

Entergy Stock Down 1.3%

Shares of ETR stock traded down $1.08 during trading hours on Tuesday, reaching $82.06. 639,922 shares of the company's stock were exchanged, compared to its average volume of 3,629,777. Entergy Corporation has a 1 year low of $52.07 and a 1 year high of $88.38. The stock has a market cap of $35.35 billion, a PE ratio of 33.70, a PEG ratio of 2.34 and a beta of 0.62. The company has a current ratio of 0.72, a quick ratio of 0.59 and a debt-to-equity ratio of 1.81. The stock's fifty day moving average price is $82.75 and its two-hundred day moving average price is $80.86.

Entergy (NYSE:ETR - Get Free Report) last issued its quarterly 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 for the quarter, compared to analyst estimates of $3.13 billion. During the same quarter in the previous year, the firm earned $0.54 earnings per share. Research analysts predict that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Friday, May 2nd were given a $0.60 dividend. The ex-dividend date was Friday, May 2nd. This represents a $2.40 dividend on an annualized basis and a yield of 2.92%. Entergy's dividend payout ratio is currently 77.92%.

Entergy Company Profile

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.