UBS Group AG boosted its holdings in Entergy Co. (NYSE:ETR) by 124.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 581,995 shares of the utilities provider’s stock after buying an additional 322,869 shares during the period. UBS Group AG owned 0.29% of Entergy worth $57,891,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of ETR. Inspire Advisors LLC acquired a new position in shares of Entergy in the 4th quarter valued at about $32,000. Truvestments Capital LLC acquired a new position in shares of Entergy in the 4th quarter valued at about $34,000. Tompkins Financial Corp acquired a new position in shares of Entergy in the 4th quarter valued at about $35,000. Valley Brook Capital Group acquired a new position in shares of Entergy in the 4th quarter valued at about $39,000. Finally, Mach 1 Financial Group Inc. acquired a new position in shares of Entergy in the 4th quarter valued at about $40,000. 85.34% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE ETR opened at $108.66 on Friday. Entergy Co. has a twelve month low of $85.78 and a twelve month high of $113.36. The company has a quick ratio of 0.81, a current ratio of 1.06 and a debt-to-equity ratio of 2.19. The company has a market cap of $21.85 billion, a P/E ratio of 13.63, a price-to-earnings-growth ratio of 3.51 and a beta of 0.55. The firm has a 50 day moving average price of $105.66.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 1st. Investors of record on Thursday, May 6th were paid a dividend of $0.95 per share. The ex-dividend date of this dividend was Wednesday, May 5th. This represents a $3.80 dividend on an annualized basis and a yield of 3.50%. Entergy’s payout ratio is currently 67.14%.
In other Entergy news, EVP Marcus V. Brown sold 16,000 shares of the business’s stock in a transaction on Monday, May 3rd. The stock was sold at an average price of $110.04, for a total transaction of $1,760,640.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Kimberly A. Fontan sold 1,620 shares of the business’s stock in a transaction on Monday, May 3rd. The stock was sold at an average price of $109.47, for a total value of $177,341.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 30,041 shares of company stock valued at $3,256,149. 0.34% of the stock is owned by company insiders.
Several equities analysts have recently weighed in on ETR shares. Morgan Stanley reduced their price objective on Entergy from $119.00 to $117.00 and set an “equal weight” rating on the stock in a research note on Tuesday, May 18th. Vertical Research raised Entergy from a “hold” rating to a “buy” rating and set a $120.00 price target on the stock in a research report on Thursday, April 29th. KeyCorp reissued a “sector weight” rating on shares of Entergy in a research report on Monday, March 15th. Mizuho boosted their price target on Entergy from $105.00 to $120.00 and gave the stock a “buy” rating in a research report on Tuesday, March 30th. Finally, Wells Fargo & Company boosted their price target on Entergy from $105.00 to $119.00 and gave the stock an “overweight” rating in a research report on Thursday, April 29th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $116.57.
Entergy Company Profile
Entergy Corporation, together with its subsidiaries, engages in the production and distribution of electricity in the United States. The company generates electricity through gas/oil, nuclear, coal, hydro, and solar power sources. It operates in two segments, Utility and Entergy Wholesale Commodities.
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