Global X MANAGEMENT CO LLC raised its position in Entergy Corporation (NYSE:ETR) by 2.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 121,961 shares of the utilities provider’s stock after purchasing an additional 3,273 shares during the period. Global X MANAGEMENT CO LLC owned about 0.07% of Entergy Corporation worth $9,313,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in ETR. Thrivent Financial For Lutherans lifted its holdings in Entergy Corporation by 5.6% in the 1st quarter. Thrivent Financial For Lutherans now owns 6,600 shares of the utilities provider’s stock valued at $501,000 after purchasing an additional 350 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Entergy Corporation by 2.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 406,463 shares of the utilities provider’s stock valued at $30,875,000 after purchasing an additional 9,521 shares in the last quarter. Xact Kapitalforvaltning AB lifted its holdings in Entergy Corporation by 6.6% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 14,141 shares of the utilities provider’s stock valued at $1,086,000 after purchasing an additional 879 shares in the last quarter. Capstone Asset Management Co. lifted its holdings in Entergy Corporation by 4.8% in the 2nd quarter. Capstone Asset Management Co. now owns 20,675 shares of the utilities provider’s stock valued at $1,587,000 after purchasing an additional 944 shares in the last quarter. Finally, Gateway Investment Advisers LLC lifted its holdings in Entergy Corporation by 2.8% in the 2nd quarter. Gateway Investment Advisers LLC now owns 12,675 shares of the utilities provider’s stock valued at $973,000 after purchasing an additional 349 shares in the last quarter. Institutional investors own 83.86% of the company’s stock.
A number of research firms have issued reports on ETR. Morgan Stanley upped their target price on shares of Entergy Corporation from $79.00 to $82.00 and gave the company an “underweight” rating in a report on Thursday, August 10th. BidaskClub upgraded shares of Entergy Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Jefferies Group LLC reiterated a “hold” rating on shares of Entergy Corporation in a report on Friday, August 11th. BMO Capital Markets reiterated a “hold” rating and set a $78.00 price objective on shares of Entergy Corporation in a report on Friday, August 4th. Finally, Citigroup Inc. upgraded shares of Entergy Corporation from a “neutral” rating to a “buy” rating and set a $91.00 price objective on the stock in a report on Friday, October 13th. Nine analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Entergy Corporation presently has a consensus rating of “Hold” and a consensus price target of $82.42.
Entergy Corporation (NYSE ETR) traded down $1.29 on Friday, reaching $85.13. 1,196,600 shares of the company were exchanged, compared to its average volume of 1,446,060. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.58 and a current ratio of 0.78. Entergy Corporation has a 12-month low of $66.73 and a 12-month high of $87.85. The firm has a market cap of $15,344.77, a P/E ratio of 12.59, a PEG ratio of 1.75 and a beta of 0.57.
Entergy Corporation (NYSE:ETR) last issued its quarterly earnings data on Tuesday, October 24th. The utilities provider reported $2.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.24 by $0.11. Entergy Corporation had a negative net margin of 7.82% and a positive return on equity of 14.76%. The company had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter last year, the company earned $2.31 earnings per share. analysts expect that Entergy Corporation will post 6.93 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Thursday, November 9th will be given a $0.89 dividend. This is an increase from Entergy Corporation’s previous quarterly dividend of $0.87. The ex-dividend date is Wednesday, November 8th. This represents a $3.56 annualized dividend and a yield of 4.18%. Entergy Corporation’s dividend payout ratio (DPR) is -72.06%.
Entergy Corporation Company Profile
Entergy Corporation is a holding company. The Company is an integrated energy company engaged in electric power production and retail electric distribution operations. The Company operates through two business segments: Utility and Entergy Wholesale Commodities. The Utility segment includes the generation, transmission, distribution and sale of electric power to retail and wholesale customers in areas of Arkansas, Mississippi, Texas and Louisiana, including the City of New Orleans and operates a natural gas distribution business.
Receive News & Ratings for Entergy Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Entergy Corporation and related companies with MarketBeat.com's FREE daily email newsletter.