Raymond James Trust N.A. increased its position in shares of Entergy Co. (NYSE:ETR – Get Rating) by 3.9% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,797 shares of the utilities provider's stock after purchasing an additional 142 shares during the period. Raymond James Trust N.A.'s holdings in Entergy were worth $428,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in Entergy by 2.8% in the first 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. BlackRock Inc. increased its holdings in Entergy by 9.0% in the first quarter. BlackRock Inc. now owns 18,499,101 shares of the utilities provider's stock valued at $2,159,770,000 after buying an additional 1,533,746 shares in the last quarter. State Street Corp increased its holdings in Entergy by 8.1% in the first 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. Capital International Investors increased its holdings in Entergy by 17.1% in the fourth quarter. Capital International Investors now owns 12,028,310 shares of the utilities provider's stock valued at $1,354,989,000 after buying an additional 1,758,132 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in Entergy by 2.0% in the first quarter. Bank of America Corp DE now owns 9,333,869 shares of the utilities provider's stock valued at $1,089,729,000 after buying an additional 181,755 shares in the last quarter. 90.53% of the stock is owned by hedge funds and other institutional investors.
Get Entergy alerts:Entergy Stock Performance
Entergy stock opened at $108.81 on Tuesday. The stock's 50-day moving average is $116.50 and its 200-day moving average is $116.08. The company has a market cap of $22.13 billion, a price-to-earnings ratio of 17.99, a price-to-earnings-growth ratio of 2.59 and a beta of 0.57. 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 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 data on Wednesday, August 3rd. The utilities provider reported $1.78 earnings per share for the quarter, beating analysts' consensus estimates of $1.42 by $0.36. Entergy had a return on equity of 11.07% and a net margin of 9.92%. The firm had revenue of $3.40 billion during the quarter, compared to analyst estimates of $2.89 billion. During the same quarter last year, the firm earned $1.34 EPS. Equities analysts anticipate that Entergy Co. will post 6.39 earnings per share for the current year.Entergy Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Thursday, August 11th were paid 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 3.71%. Entergy's dividend payout ratio (DPR) is presently 66.78%.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on ETR shares. Mizuho dropped their target price on shares of Entergy from $127.00 to $123.00 and set a "buy" rating for the company in a report on Wednesday, June 29th. Evercore ISI increased their price target on shares of Entergy to $130.00 in a research report on Tuesday, August 9th. BMO Capital Markets increased their price target on shares of Entergy from $124.00 to $132.00 and gave the company an "outperform" rating in a research report on Thursday, August 4th. Morgan Stanley increased their price target on shares of Entergy from $106.00 to $115.00 and gave the company an "underweight" rating in a research report on Tuesday, August 23rd. Finally, Credit Suisse Group lowered their price target on shares of Entergy from $136.00 to $114.00 and set an "outperform" rating on the stock in a research report on Tuesday, June 21st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $125.43.
About Entergy
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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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