Carnegie Capital Asset Management LLC lessened its holdings in shares of Entergy Co. (NYSE:ETR – Get Rating) by 13.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,043 shares of the utilities provider's stock after selling 1,050 shares during the period. Carnegie Capital Asset Management LLC's holdings in Entergy were worth $702,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Mutual of America Capital Management LLC boosted its position in shares of Entergy by 1.9% during the first quarter. Mutual of America Capital Management LLC now owns 41,402 shares of the utilities provider's stock valued at $4,834,000 after buying an additional 753 shares during the period. Atria Investments LLC boosted its holdings in shares of Entergy by 6.9% in the first quarter. Atria Investments LLC now owns 10,183 shares of the utilities provider's stock valued at $1,189,000 after purchasing an additional 661 shares during the period. Marshall Wace LLP purchased a new stake in shares of Entergy in the fourth quarter valued at approximately $20,667,000. Capital Group Private Client Services Inc. boosted its holdings in shares of Entergy by 9.2% in the first quarter. Capital Group Private Client Services Inc. now owns 96,895 shares of the utilities provider's stock valued at $11,312,000 after purchasing an additional 8,165 shares during the period. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of Entergy by 6.5% in the first quarter. Nisa Investment Advisors LLC now owns 16,335 shares of the utilities provider's stock valued at $1,907,000 after purchasing an additional 1,000 shares during the period. Hedge funds and other institutional investors own 90.53% of the company's stock.
Get Entergy alerts:Analysts Set New Price Targets
A number of analysts recently issued reports on the company. Evercore ISI boosted their price target on Entergy to $130.00 in a report on Tuesday, August 9th. Mizuho lowered their price target on Entergy from $127.00 to $123.00 and set a "buy" rating for the company in a report on Wednesday, June 29th. Morgan Stanley boosted their price target on Entergy from $106.00 to $115.00 and gave the company an "underweight" rating in a report on Tuesday, August 23rd. Credit Suisse Group reduced their price objective on shares of Entergy from $136.00 to $114.00 and set an "outperform" rating for the company in a research note on Tuesday, June 21st. Finally, Wells Fargo & Company boosted their price objective on shares of Entergy from $125.00 to $138.00 and gave the stock an "overweight" rating in a research note on Thursday, August 4th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $125.43.
Entergy Stock Performance
Shares of ETR stock opened at $111.59 on Friday. The business's fifty day simple moving average is $116.51 and its 200-day simple moving average is $115.97. The company has a market cap of $22.70 billion, a PE ratio of 18.44, a PEG ratio of 2.63 and a beta of 0.57. The company has a current ratio of 0.87, a quick ratio of 0.64 and a debt-to-equity ratio of 2.10. Entergy Co. has a 12-month low of $98.50 and a 12-month high of $126.82.Entergy (NYSE:ETR – Get Rating) last issued its quarterly earnings results on Wednesday, August 3rd. The utilities provider reported $1.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.42 by $0.36. The business had revenue of $3.40 billion for 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 period in the prior year, the firm posted $1.34 earnings per share. Analysts expect that Entergy Co. will post 6.38 earnings per share for the current fiscal year.
Entergy Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Thursday, August 11th were given a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date of this dividend was Wednesday, August 10th. Entergy's payout ratio is presently 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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