Universal Beteiligungs und Servicegesellschaft mbH increased its position in Entergy Corporation (NYSE:ETR – Free Report) by 12.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 392,171 shares of the utilities provider’s stock after buying an additional 42,033 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Entergy were worth $36,311,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in ETR. Physician Wealth Advisors Inc. increased its holdings in Entergy by 56.9% in the third quarter. Physician Wealth Advisors Inc. now owns 317 shares of the utilities provider’s stock worth $30,000 after buying an additional 115 shares during the last quarter. Hantz Financial Services Inc. boosted its position in Entergy by 150.4% during the third quarter. Hantz Financial Services Inc. now owns 323 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 194 shares during the period. Valley National Advisers Inc. boosted its position in Entergy by 306.0% during the fourth quarter. Valley National Advisers Inc. now owns 341 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 257 shares during the period. JFS Wealth Advisors LLC boosted its position in Entergy by 46.1% during the third quarter. JFS Wealth Advisors LLC now owns 412 shares of the utilities provider’s stock worth $38,000 after purchasing an additional 130 shares during the period. Finally, Ameritas Advisory Services LLC boosted its position in Entergy by 44.4% during the third quarter. Ameritas Advisory Services LLC now owns 416 shares of the utilities provider’s stock worth $39,000 after purchasing an additional 128 shares during the period. Institutional investors and hedge funds own 88.07% of the company’s stock.
Entergy Stock Performance
Shares of NYSE ETR opened at $113.99 on Friday. The business has a fifty day simple moving average of $108.32 and a 200 day simple moving average of $99.69. The company has a current ratio of 0.74, a quick ratio of 0.51 and a debt-to-equity ratio of 1.65. The firm has a market capitalization of $52.18 billion, a price-to-earnings ratio of 29.15, a PEG ratio of 2.18 and a beta of 0.57. Entergy Corporation has a one year low of $79.40 and a one year high of $117.81.
Entergy Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Friday, May 1st will be paid a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Friday, May 1st. Entergy’s dividend payout ratio is presently 65.47%.
Insider Activity at Entergy
In related news, EVP John C. Dinelli sold 5,372 shares of the company’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $103.95, for a total value of $558,419.40. Following the completion of the transaction, the executive vice president directly owned 23,609 shares in the company, valued at approximately $2,454,155.55. This represents a 18.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.21% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on ETR shares. Jefferies Financial Group reaffirmed a “buy” rating and set a $131.00 target price (up from $114.00) on shares of Entergy in a research report on Monday. Seaport Research Partners cut Entergy from a “buy” rating to a “neutral” rating in a research report on Monday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Entergy in a research report on Tuesday. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $112.00 target price on shares of Entergy in a research report on Friday, January 23rd. Finally, BMO Capital Markets upped their target price on Entergy from $118.00 to $127.00 and gave the stock an “outperform” rating in a research report on Monday, April 13th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $113.74.
Get Our Latest Analysis on ETR
Entergy Profile
Entergy Corporation (NYSE:ETR) is an integrated energy company headquartered in New Orleans, Louisiana, that generates, transmits and distributes electricity. The company’s operations combine regulated utility services with competitive power production, supplying retail electricity to residential, commercial and industrial customers while also participating in wholesale energy markets. Entergy’s generation fleet includes nuclear, natural gas, hydropower and other resources, and it operates a network of transmission and distribution assets to deliver power to end users.
Entergy conducts its regulated utility business through state-based operating subsidiaries that serve customers across parts of Arkansas, Louisiana, Mississippi and southeast Texas.
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