Entergy Corporation (NYSE:ETR) Holdings Lifted by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in Entergy Corporation (NYSE:ETR - Free Report) by 64.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 390,848 shares of the utilities provider's stock after acquiring an additional 153,705 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.09% of Entergy worth $33,414,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Acropolis Investment Management LLC boosted its stake in shares of Entergy by 0.7% during the 1st quarter. Acropolis Investment Management LLC now owns 17,954 shares of the utilities provider's stock valued at $1,535,000 after buying an additional 129 shares during the last quarter. Gen Wealth Partners Inc boosted its stake in Entergy by 27.5% during the 4th quarter. Gen Wealth Partners Inc now owns 668 shares of the utilities provider's stock valued at $51,000 after acquiring an additional 144 shares during the last quarter. Legacy Investment Solutions LLC increased its position in shares of Entergy by 85.1% in the 4th quarter. Legacy Investment Solutions LLC now owns 374 shares of the utilities provider's stock worth $31,000 after purchasing an additional 172 shares during the last quarter. Glen Eagle Advisors LLC lifted its position in shares of Entergy by 100.0% during 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. Finally, Mark Sheptoff Financial Planning LLC grew its stake in Entergy by 100.0% in the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 400 shares of the utilities provider's stock worth $30,000 after purchasing an additional 200 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company's stock.

Entergy Price Performance

Entergy stock traded up $0.05 during mid-day trading on Friday, hitting $88.20. The company's stock had a trading volume of 1,804,809 shares, compared to its average volume of 2,388,739. The stock has a market capitalization of $37.99 billion, a P/E ratio of 28.64, a P/E/G ratio of 2.40 and a beta of 0.59. Entergy Corporation has a twelve month low of $56.00 and a twelve month high of $89.35. The stock's fifty day moving average price is $82.94 and its two-hundred day moving average price is $82.80. 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 (NYSE:ETR - Get Free Report) last issued its earnings results on Tuesday, April 29th. The utilities provider reported $0.82 earnings per share (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 business had revenue of $3.02 billion for the quarter, compared to analysts' expectations of $3.13 billion. During the same period in the previous year, the firm posted $0.54 EPS. Research analysts forecast that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on ETR shares. Raymond James Financial assumed coverage on Entergy in a research note on Friday, June 13th. They set a "market perform" rating on the stock. BMO Capital Markets raised their price target on shares of Entergy from $89.00 to $93.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Barclays dropped their price objective on shares of Entergy from $91.00 to $87.00 and set an "overweight" rating on the stock in a research note on Thursday, July 10th. JPMorgan Chase & Co. raised their target price on Entergy from $100.00 to $102.00 and gave the company an "overweight" rating in a research note on Tuesday, July 15th. Finally, KeyCorp lifted their price target on Entergy from $85.00 to $88.00 and gave the company an "overweight" rating in a report on Wednesday, July 16th. Six research 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. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $86.46.

Entergy 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.