Principal Financial Group Inc. raised its stake in Entergy Corporation (NYSE:ETR) by 64.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 452,653 shares of the utilities provider’s stock after buying an additional 177,881 shares during the period. Principal Financial Group Inc. owned 0.25% of Entergy Corporation worth $34,384,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in ETR. Hudock Capital Group LLC boosted its position in Entergy Corporation by 0.4% in the first quarter. Hudock Capital Group LLC now owns 4,994 shares of the utilities provider’s stock worth $379,000 after buying an additional 20 shares during the last quarter. Ffcm LLC raised its stake in Entergy Corporation by 0.4% in the first quarter. Ffcm LLC now owns 8,282 shares of the utilities provider’s stock worth $629,000 after buying an additional 31 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Entergy Corporation by 0.5% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,268 shares of the utilities provider’s stock valued at $754,000 after buying an additional 46 shares during the last quarter. Outfitter Advisors LTD. raised its stake in Entergy Corporation by 0.8% in the first quarter. Outfitter Advisors LTD. now owns 6,440 shares of the utilities provider’s stock valued at $489,000 after buying an additional 50 shares in the last quarter. Finally, WBI Investments Inc. increased its position in shares of Entergy Corporation by 0.9% in the first quarter. WBI Investments Inc. now owns 8,136 shares of the utilities provider’s stock valued at $618,000 after buying an additional 72 shares during the last quarter. Institutional investors and hedge funds own 84.18% of the company’s stock.
Entergy Corporation (NYSE:ETR) traded up 0.23% during trading on Tuesday, hitting $79.68. 201,719 shares of the company’s stock traded hands. Entergy Corporation has a 12-month low of $66.71 and a 12-month high of $82.08. The firm’s 50-day moving average price is $77.68 and its 200 day moving average price is $74.65. The stock’s market cap is $14.30 billion.
Entergy Corporation (NYSE:ETR) last announced its quarterly earnings data on Wednesday, April 26th. The utilities provider reported $0.99 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.06 by $0.07. The business had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.57 billion. Entergy Corporation had a positive return on equity of 13.52% and a negative net margin of 6.63%. During the same period in the prior year, the firm earned $1.35 EPS. Analysts anticipate that Entergy Corporation will post $4.88 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, June 1st. Stockholders of record on Thursday, May 11th were given a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 4.38%. The ex-dividend date was Tuesday, May 9th. Entergy Corporation’s dividend payout ratio (DPR) is currently -84.88%.
A number of research firms have recently commented on ETR. TheStreet raised Entergy Corporation from a “c+” rating to a “b-” rating in a research note on Thursday, April 27th. Goldman Sachs Group, Inc. (The) cut Entergy Corporation from a “buy” rating to a “neutral” rating and set a $76.00 price objective on the stock. in a research note on Thursday, March 23rd. They noted that the move was a valuation call. Deutsche Bank AG increased their price objective on Entergy Corporation from $75.00 to $77.00 and gave the stock a “hold” rating in a research note on Tuesday, April 11th. Royal Bank Of Canada reiterated a “hold” rating and set a $80.00 price objective on shares of Entergy Corporation in a report on Tuesday, May 2nd. Finally, Wells Fargo & Co upgraded Entergy Corporation from a “market perform” rating to an “outperform” rating in a report on Thursday, March 16th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $78.00.
In other news, insider Haley Fisackerly sold 600 shares of Entergy Corporation stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $75.92, for a total value of $45,552.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.24% of the company’s stock.
Entergy Corporation Company Profile
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.
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