Allworth Financial LP grew its holdings in shares of Entergy Co. (NYSE:ETR – Get Rating) by 152.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 2,054 shares of the utilities provider's stock after acquiring an additional 1,241 shares during the period. Allworth Financial LP's holdings in Entergy were worth $231,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. CNB Bank bought a new position in shares of Entergy during the first quarter valued at $27,000. Fairfield Bush & CO. bought a new position in shares of Entergy during the first quarter valued at $29,000. Riverview Trust Co bought a new position in shares of Entergy during the first quarter valued at $32,000. GW&K Investment Management LLC bought a new position in shares of Entergy during the first quarter valued at $32,000. Finally, TCI Wealth Advisors Inc. raised its stake in shares of Entergy by 2,863.6% during the first quarter. TCI Wealth Advisors Inc. now owns 326 shares of the utilities provider's stock valued at $38,000 after acquiring an additional 315 shares during the last quarter. Institutional investors own 90.53% of the company's stock.
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Analysts Set New Price Targets
Several research firms have recently weighed in on ETR. Credit Suisse Group decreased their price objective on shares of Entergy from $136.00 to $114.00 and set an "outperform" rating for the company in a research report on Tuesday, June 21st. Morgan Stanley increased their price objective on shares of Entergy from $106.00 to $115.00 and gave the stock an "underweight" rating in a research report on Tuesday, August 23rd. Wells Fargo & Company increased their price objective on shares of Entergy from $125.00 to $138.00 and gave the stock an "overweight" rating in a research report on Thursday, August 4th. BMO Capital Markets increased their price objective on shares of Entergy from $124.00 to $132.00 and gave the stock an "outperform" rating in a research report on Thursday, August 4th. Finally, Mizuho decreased their price objective on shares of 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 issued a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, Entergy has a consensus rating of "Hold" and an average price target of $125.43.
Entergy Stock Performance
ETR opened at $111.59 on Monday. The company has a current ratio of 0.87, a quick ratio of 0.64 and a debt-to-equity ratio of 2.10. The company's fifty day moving average price is $116.51 and its two-hundred day moving average price is $116.08. Entergy Co. has a 1-year low of $98.50 and a 1-year high of $126.82. The company has a market cap of $22.70 billion, a price-to-earnings ratio of 18.44, a PEG ratio of 2.59 and a beta of 0.57.
Entergy (NYSE:ETR – Get Rating) last released its quarterly earnings data on Wednesday, August 3rd. The utilities provider reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.36. Entergy had a net margin of 9.92% and a return on equity of 11.07%. The firm had revenue of $3.40 billion for the quarter, compared to the consensus estimate of $2.89 billion. During the same quarter in the prior year, the company posted $1.34 earnings per share. On average, analysts expect that Entergy Co. will post 6.39 EPS for the current fiscal year.
Entergy Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Thursday, August 11th were issued a dividend of $1.01 per share. 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 dividend payout ratio (DPR) is currently 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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