Natixis Advisors LLC grew its holdings in shares of Entergy Corporation (NYSE:ETR – Free Report) by 6.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 385,256 shares of the utilities provider’s stock after buying an additional 22,694 shares during the period. Natixis Advisors LLC’s holdings in Entergy were worth $35,609,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in shares of Entergy by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 58,537,223 shares of the utilities provider’s stock valued at $5,410,596,000 after buying an additional 589,317 shares in the last quarter. State Street Corp boosted its holdings in shares of Entergy by 1.8% during the 3rd quarter. State Street Corp now owns 23,337,958 shares of the utilities provider’s stock valued at $2,174,864,000 after buying an additional 417,077 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Entergy by 2.9% during the 3rd quarter. Bank of America Corp DE now owns 16,034,738 shares of the utilities provider’s stock valued at $1,494,277,000 after buying an additional 452,562 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Entergy by 3.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 14,648,707 shares of the utilities provider’s stock valued at $1,365,113,000 after buying an additional 472,761 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Entergy by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 11,607,806 shares of the utilities provider’s stock valued at $1,068,725,000 after buying an additional 126,625 shares in the last quarter. Institutional investors own 88.07% of the company’s stock.
Entergy Price Performance
ETR opened at $109.40 on Friday. The stock has a 50-day moving average price of $112.31 and a 200-day moving average price of $102.81. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.96 and a quick ratio of 0.73. The firm has a market cap of $50.09 billion, a PE ratio of 27.91, a P/E/G ratio of 1.85 and a beta of 0.50. Entergy Corporation has a 1 year low of $80.11 and a 1 year high of $118.44.
Entergy Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 1st were given a $0.64 dividend. The ex-dividend date of this dividend was Friday, May 1st. This represents a $2.56 dividend on an annualized basis and a yield of 2.3%. Entergy’s payout ratio is 65.31%.
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on ETR. Jefferies Financial Group restated a “buy” rating and set a $131.00 target price (up from $114.00) on shares of Entergy in a report on Monday, April 20th. Weiss Ratings raised Entergy from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, May 14th. Seaport Research Partners lowered Entergy from a “buy” rating to a “neutral” rating in a research report on Monday, April 20th. Barclays lowered their price target on Entergy from $124.00 to $119.00 and set an “overweight” rating for the company in a research report on Wednesday. Finally, Argus lifted their price target on Entergy from $100.00 to $118.00 and gave the stock a “buy” rating in a research report on Monday, April 6th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $118.58.
Check Out Our Latest Analysis on ETR
About Entergy
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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