Diversified Trust Co acquired a new position in Entergy Co. (NYSE:ETR – Get Rating) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,724 shares of the utilities provider's stock, valued at approximately $307,000.
Several other large investors also recently added to or reduced their stakes in ETR. Capital International Investors increased its holdings in Entergy by 17.1% in the 4th quarter. Capital International Investors now owns 12,028,310 shares of the utilities provider's stock worth $1,354,989,000 after acquiring an additional 1,758,132 shares during the last quarter. BlackRock Inc. increased its holdings in Entergy by 9.0% in the 1st quarter. BlackRock Inc. now owns 18,499,101 shares of the utilities provider's stock worth $2,159,770,000 after acquiring an additional 1,533,746 shares during the last quarter. State Street Corp grew its holdings in Entergy by 8.1% during the 1st quarter. State Street Corp now owns 12,122,596 shares of the utilities provider's stock valued at $1,415,313,000 after buying an additional 908,932 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its holdings in Entergy by 35.8% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,699,404 shares of the utilities provider's stock valued at $315,156,000 after buying an additional 711,770 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in Entergy by 2.8% during the 1st quarter. Vanguard Group Inc. now owns 23,663,740 shares of the utilities provider's stock valued at $2,762,741,000 after buying an additional 650,775 shares in the last quarter. Hedge funds and other institutional investors own 90.53% of the company's stock.
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Analyst Upgrades and Downgrades
A number of research firms have weighed in on ETR. BMO Capital Markets lifted their target price on Entergy from $124.00 to $132.00 and gave the company an "outperform" rating in a report on Thursday, August 4th. Wells Fargo & Company lifted their target price on Entergy from $125.00 to $138.00 and gave the company an "overweight" rating in a report on Thursday, August 4th. Evercore ISI lifted their target price on Entergy to $130.00 in a report on Tuesday, August 9th. Morgan Stanley lifted their target price on Entergy from $106.00 to $115.00 and gave the company an "underweight" rating in a report on Tuesday, August 23rd. Finally, Mizuho dropped their price target on Entergy from $127.00 to $123.00 and set a "buy" rating for the company in a research report on Wednesday, June 29th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Entergy has an average rating of "Hold" and a consensus target price of $125.43.
Entergy Stock Performance
NYSE:ETR opened at $111.59 on Friday. The business has a 50 day moving average of $116.51 and a 200 day moving average of $115.97. The company has a market capitalization of $22.70 billion, a price-to-earnings ratio of 18.44, a PEG ratio of 2.63 and a beta of 0.57. Entergy Co. has a 1-year low of $98.50 and a 1-year high of $126.82. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.87 and a quick ratio of 0.64.
Entergy (NYSE:ETR – Get Rating) last released its earnings results on Wednesday, August 3rd. The utilities provider reported $1.78 earnings per share for the quarter, topping analysts' consensus estimates of $1.42 by $0.36. The company had revenue of $3.40 billion during the quarter, compared to the consensus estimate of $2.89 billion. Entergy had a return on equity of 11.07% and a net margin of 9.92%. During the same quarter in the previous year, the company posted $1.34 EPS. On average, sell-side analysts predict that Entergy Co. will post 6.38 earnings per share for the current fiscal year.
Entergy Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Thursday, August 11th were given a $1.01 dividend. The ex-dividend date of this dividend was Wednesday, August 10th. This represents a $4.04 dividend on an annualized basis and a yield of 3.62%. Entergy's payout ratio is 66.78%.
Entergy Company Profile
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Entergy Corporation, together with its subsidiaries, engages in the production and retail distribution of electricity in the United States. The company operates in two segments, Utility and Entergy Wholesale Commodities. The Utility segment 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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