Entergy Co. (ETR) Stake Lessened by Fmr LLC
Fmr LLC lowered its stake in shares of Entergy Co. (NYSE:ETR) by 0.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,561,641 shares of the utilities provider’s stock after selling 23,913 shares during the quarter. Fmr LLC’s holdings in Entergy were worth $207,826,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Schroder Investment Management Group increased its holdings in shares of Entergy by 68.0% during the second quarter. Schroder Investment Management Group now owns 96,620 shares of the utilities provider’s stock valued at $7,851,000 after acquiring an additional 39,125 shares in the last quarter. QUANTRES ASSET MANAGEMENT Ltd acquired a new position in shares of Entergy during the third quarter valued at about $430,000. Pensionfund DSM Netherlands acquired a new position in Entergy in the 3rd quarter worth approximately $2,434,000. Riverhead Capital Management LLC increased its holdings in Entergy by 10.0% in the 2nd quarter. Riverhead Capital Management LLC now owns 27,994 shares of the utilities provider’s stock worth $2,262,000 after buying an additional 2,541 shares during the period. Finally, Argent Trust Co acquired a new position in Entergy in the 2nd quarter worth approximately $1,089,000. Hedge funds and other institutional investors own 91.31% of the company’s stock.
Several equities analysts recently weighed in on ETR shares. Bank of America increased their price target on shares of Entergy from $89.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, August 23rd. Citigroup increased their price target on shares of Entergy from $88.00 to $89.00 and gave the stock a “buy” rating in a report on Wednesday, October 17th. Morgan Stanley set a $86.00 price target on shares of Entergy and gave the stock a “hold” rating in a report on Thursday, October 11th. JPMorgan Chase & Co. increased their price target on shares of Entergy from $82.00 to $85.00 and gave the stock a “neutral” rating in a report on Wednesday, August 29th. Finally, Wells Fargo & Co increased their price target on shares of Entergy from $91.00 to $95.00 and gave the stock an “outperform” rating in a report on Monday, September 17th. Five equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $89.63.
Shares of NYSE:ETR opened at $88.98 on Thursday. Entergy Co. has a twelve month low of $71.95 and a twelve month high of $89.39. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.49 and a current ratio of 0.64. The company has a market capitalization of $15.77 billion, a P/E ratio of 12.36, a price-to-earnings-growth ratio of 1.80 and a beta of 0.42.
Entergy (NYSE:ETR) last issued its quarterly earnings results on Wednesday, October 31st. The utilities provider reported $3.77 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.83 by $0.94. The company had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $2.85 billion. Entergy had a net margin of 4.01% and a return on equity of 16.94%. During the same quarter in the prior year, the company earned $2.35 EPS. On average, analysts forecast that Entergy Co. will post 6.98 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, December 3rd. Stockholders of record on Thursday, November 8th were paid a dividend of $0.91 per share. This is a boost from Entergy’s previous quarterly dividend of $0.89. The ex-dividend date was Wednesday, November 7th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 4.09%. Entergy’s dividend payout ratio (DPR) is presently 50.56%.
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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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