Employers Holdings Inc. acquired a new position in Entergy Co. (NYSE:ETR) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,700 shares of the utilities provider’s stock, valued at approximately $175,000.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. FMR LLC grew its holdings in Entergy by 13.5% in the first quarter. FMR LLC now owns 3,784,148 shares of the utilities provider’s stock worth $361,878,000 after purchasing an additional 448,737 shares during the period. Northern Trust Corp grew its holdings in shares of Entergy by 2.5% during the first quarter. Northern Trust Corp now owns 2,553,047 shares of the utilities provider’s stock valued at $244,148,000 after buying an additional 61,297 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Entergy by 7.3% during the fourth quarter. Geode Capital Management LLC now owns 2,475,894 shares of the utilities provider’s stock valued at $212,751,000 after buying an additional 168,371 shares during the last quarter. Janus Henderson Group PLC grew its holdings in shares of Entergy by 16.0% during the second quarter. Janus Henderson Group PLC now owns 1,723,736 shares of the utilities provider’s stock valued at $177,423,000 after buying an additional 237,855 shares during the last quarter. Finally, Pictet Asset Management Ltd. grew its holdings in shares of Entergy by 36.2% during the first quarter. Pictet Asset Management Ltd. now owns 1,601,350 shares of the utilities provider’s stock valued at $153,137,000 after buying an additional 425,288 shares during the last quarter. Institutional investors and hedge funds own 87.82% of the company’s stock.
A number of research firms have recently commented on ETR. Zacks Investment Research cut shares of Entergy from a “buy” rating to a “hold” rating in a report on Tuesday, April 30th. Morgan Stanley increased their price target on shares of Entergy from $105.00 to $109.00 and gave the company an “overweight” rating in a report on Friday, June 14th. ValuEngine upgraded shares of Entergy from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st. UBS Group set a $115.00 price target on shares of Entergy and gave the company a “buy” rating in a report on Monday, July 15th. Finally, Macquarie set a $100.00 price target on shares of Entergy and gave the company a “buy” rating in a report on Thursday, May 2nd. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $99.22.
Entergy stock traded up $0.19 during midday trading on Friday, reaching $109.19. 866,600 shares of the company traded hands, compared to its average volume of 1,347,239. The firm has a market capitalization of $21.27 billion, a price-to-earnings ratio of 14.94, a price-to-earnings-growth ratio of 2.90 and a beta of 0.34. The business has a 50 day moving average of $105.25 and a two-hundred day moving average of $97.92. Entergy Co. has a 12 month low of $78.99 and a 12 month high of $109.65. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.73 and a quick ratio of 0.52.
Entergy (NYSE:ETR) last issued its quarterly earnings data on Wednesday, July 31st. The utilities provider reported $1.35 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.38 by ($0.03). Entergy had a net margin of 8.97% and a return on equity of 13.75%. The company had revenue of $2.67 billion for the quarter, compared to the consensus estimate of $2.98 billion. During the same quarter last year, the company earned $1.42 EPS. As a group, equities analysts forecast that Entergy Co. will post 5.27 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 8th will be given a dividend of $0.91 per share. The ex-dividend date of this dividend is Wednesday, August 7th. This represents a $3.64 annualized dividend and a dividend yield of 3.33%. Entergy’s payout ratio is 49.79%.
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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