First Republic Investment Management Inc. increased its stake in shares of Entergy Co. (NYSE:ETR) by 10.3% in the 1st quarter, HoldingsChannel reports. The firm owned 2,977 shares of the utilities provider’s stock after purchasing an additional 278 shares during the period. First Republic Investment Management Inc.’s holdings in Entergy were worth $285,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Steward Partners Investment Advisory LLC boosted its position in shares of Entergy by 5.8% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 10,657 shares of the utilities provider’s stock worth $1,019,000 after acquiring an additional 586 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new stake in shares of Entergy in the 1st quarter valued at about $139,000. Dupont Capital Management Corp acquired a new stake in shares of Entergy in the 1st quarter valued at about $124,000. First Midwest Bank Trust Division boosted its position in shares of Entergy by 15.9% in the 1st quarter. First Midwest Bank Trust Division now owns 13,590 shares of the utilities provider’s stock valued at $1,299,000 after purchasing an additional 1,865 shares during the period. Finally, Naples Global Advisors LLC acquired a new stake in shares of Entergy in the 1st quarter valued at about $211,000. 89.77% of the stock is owned by hedge funds and other institutional investors.
A number of analysts recently issued reports on the company. ValuEngine raised Entergy from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st. Zacks Investment Research raised Entergy from a “hold” rating to a “buy” rating and set a $106.00 price objective for the company in a research note on Wednesday, April 24th. Morgan Stanley upped their price objective on Entergy from $104.00 to $105.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, Macquarie raised Entergy from a “neutral” rating to an “outperform” rating in a research note on Monday, March 11th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $93.50.
ETR opened at $97.89 on Monday. The company has a quick ratio of 0.52, a current ratio of 0.70 and a debt-to-equity ratio of 1.91. The company has a market cap of $18.56 billion, a price-to-earnings ratio of 13.39, a P/E/G ratio of 2.65 and a beta of 0.40. Entergy Co. has a 52 week low of $75.45 and a 52 week high of $98.01.
Entergy (NYSE:ETR) last posted its quarterly earnings data on Wednesday, May 1st. The utilities provider reported $0.82 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.94 by ($0.12). The company had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.67 billion. Entergy had a net margin of 9.04% and a return on equity of 15.17%. During the same period in the prior year, the company earned $0.83 earnings per share. On average, equities research analysts expect that Entergy Co. will post 5.28 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Thursday, May 9th will be paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date of this dividend is Wednesday, May 8th. Entergy’s dividend payout ratio (DPR) is 49.79%.
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Entergy Company Profile
Entergy Corporation, together with its subsidiaries, engages in the production and distribution of electricity in the United States. It generates electricity through gas/oil, nuclear, coal, hydro, and solar power sources. The company's Utility segment generates, transmits, distributes, and sells electric power in portions of Arkansas, Mississippi, Texas, and Louisiana, including the City of New Orleans; and distributes natural gas.
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