Epoch Investment Partners Inc. trimmed its position in Entergy Co. (NYSE:ETR) by 12.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,085,205 shares of the utilities provider’s stock after selling 151,010 shares during the quarter. Epoch Investment Partners Inc.’s holdings in Entergy were worth $108,195,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of ETR. WealthShield Partners LLC boosted its holdings in Entergy by 182.3% in the 2nd quarter. WealthShield Partners LLC now owns 271 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 175 shares during the last quarter. Eagle Bay Advisors LLC acquired a new position in Entergy in the 2nd quarter valued at about $32,000. Alpha Paradigm Partners LLC acquired a new position in Entergy in the 1st quarter valued at about $34,000. CSat Investment Advisory L.P. boosted its holdings in Entergy by 61.4% in the 1st quarter. CSat Investment Advisory L.P. now owns 447 shares of the utilities provider’s stock valued at $44,000 after purchasing an additional 170 shares during the last quarter. Finally, Pflug Koory LLC acquired a new position in Entergy in the 2nd quarter valued at about $45,000. Institutional investors own 86.16% of the company’s stock.
ETR traded up $0.77 during trading hours on Thursday, hitting $103.33. 4,786 shares of the company’s stock were exchanged, compared to its average volume of 1,336,959. Entergy Co. has a 12-month low of $85.78 and a 12-month high of $115.01. The firm has a 50 day moving average of $108.27 and a 200 day moving average of $105.81. The firm has a market cap of $20.76 billion, a P/E ratio of 16.80, a price-to-earnings-growth ratio of 13.78 and a beta of 0.57. The company has a current ratio of 1.00, a quick ratio of 0.70 and a debt-to-equity ratio of 2.22.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 1st. Shareholders of record on Thursday, August 12th were given a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date of this dividend was Wednesday, August 11th. Entergy’s dividend payout ratio is presently 67.14%.
Several research firms have weighed in on ETR. Mizuho decreased their target price on shares of Entergy from $127.00 to $114.00 and set a “buy” rating on the stock in a report on Tuesday, September 21st. Wells Fargo & Company boosted their price target on shares of Entergy from $120.00 to $125.00 and gave the company an “overweight” rating in a research note on Tuesday, August 17th. Morgan Stanley reduced their price target on shares of Entergy from $123.00 to $122.00 and set an “equal weight” rating on the stock in a research note on Friday, September 17th. Citigroup boosted their price target on shares of Entergy from $101.00 to $110.00 and gave the company a “neutral” rating in a research note on Thursday, August 5th. Finally, BMO Capital Markets reduced their price target on shares of Entergy from $121.00 to $117.00 and set an “outperform” rating on the stock in a research note on Monday, September 27th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $117.57.
Entergy Corp. is a holding company, which engages in electric power generation and distribution. It operates through the following segments: Utility and Entergy Wholesale Commodities. The Utility segment includes the generation, transmission, distribution, and sale of electric power; and operations of a natural gas distribution business.
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