Quad Capital Management Advisors LLC acquired a new position in shares of Entergy Co. (NYSE:ETR) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,000 shares of the utilities provider’s stock, valued at approximately $326,000.
Several other institutional investors and hedge funds also recently modified their holdings of ETR. Van ECK Associates Corp grew its stake in Entergy by 3.2% during the third quarter. Van ECK Associates Corp now owns 18,593 shares of the utilities provider’s stock worth $1,420,000 after purchasing an additional 580 shares during the period. Raymond James Trust N.A. grew its stake in Entergy by 12.4% during the fourth quarter. Raymond James Trust N.A. now owns 7,072 shares of the utilities provider’s stock worth $576,000 after purchasing an additional 779 shares during the period. Mutual of America Capital Management LLC grew its stake in Entergy by 2.2% during the fourth quarter. Mutual of America Capital Management LLC now owns 37,305 shares of the utilities provider’s stock worth $3,036,000 after purchasing an additional 786 shares during the period. E&G Advisors LP grew its stake in Entergy by 21.6% during the fourth quarter. E&G Advisors LP now owns 4,500 shares of the utilities provider’s stock worth $366,000 after purchasing an additional 800 shares during the period. Finally, NewSquare Capital LLC grew its stake in Entergy by 7.2% during the fourth quarter. NewSquare Capital LLC now owns 12,314 shares of the utilities provider’s stock worth $1,002,000 after purchasing an additional 828 shares during the period. Institutional investors own 85.42% of the company’s stock.
Several equities research analysts recently commented on ETR shares. Guggenheim reaffirmed a “buy” rating and set a $94.00 target price (up previously from $88.00) on shares of Entergy in a research note on Friday, February 23rd. Wells Fargo reaffirmed an “outperform” rating and set a $90.00 target price (down previously from $96.00) on shares of Entergy in a research note on Monday, February 26th. They noted that the move was a valuation call. Bank of America raised Entergy from a “neutral” rating to a “buy” rating and set a $89.00 target price for the company in a research note on Tuesday, December 12th. Morgan Stanley set a $76.00 price objective on Entergy and gave the company a “hold” rating in a research note on Thursday, March 8th. Finally, UBS began coverage on Entergy in a research note on Friday, February 2nd. They issued a “neutral” rating and a $82.00 price objective for the company. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $82.57.
Entergy Co. (NYSE ETR) traded up $0.05 during mid-day trading on Friday, hitting $78.40. The stock had a trading volume of 114,404 shares, compared to its average volume of 1,405,077. The company has a market capitalization of $14,145.28, a price-to-earnings ratio of 34.36, a PEG ratio of 2.00 and a beta of 0.51. Entergy Co. has a 52 week low of $71.95 and a 52 week high of $87.95. The company has a quick ratio of 0.47, a current ratio of 0.65 and a debt-to-equity ratio of 1.79.
Entergy (NYSE:ETR) last issued its quarterly earnings results on Friday, February 23rd. The utilities provider reported $0.76 EPS for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.34. The business had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.33 billion. Entergy had a return on equity of 15.79% and a net margin of 3.81%. During the same period last year, the company posted $0.31 earnings per share. research analysts expect that Entergy Co. will post 5.58 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 1st. Investors of record on Thursday, February 8th were issued a dividend of $0.89 per share. The ex-dividend date was Wednesday, February 7th. This represents a $3.56 dividend on an annualized basis and a yield of 4.54%. Entergy’s dividend payout ratio (DPR) is currently 156.14%.
Entergy Corporation is a holding company. The Company is an integrated energy company engaged in electric power production and retail electric distribution operations. The Company operates through two business segments: Utility and Entergy Wholesale Commodities. The Utility segment includes the generation, transmission, distribution and sale of electric power to retail and wholesale customers in areas of Arkansas, Mississippi, Texas and Louisiana, including the City of New Orleans and operates a natural gas distribution business.
Receive News & Ratings for Entergy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Entergy and related companies with MarketBeat.com's FREE daily email newsletter.