Systematic Financial Management LP lifted its position in shares of Entergy Corporation (NYSE:ETR – Free Report) by 80.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,845 shares of the utilities provider’s stock after acquiring an additional 7,085 shares during the quarter. Systematic Financial Management LP’s holdings in Entergy were worth $1,465,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. MFA Wealth Services grew its position in Entergy by 3.8% during the third quarter. MFA Wealth Services now owns 2,891 shares of the utilities provider’s stock worth $269,000 after buying an additional 107 shares during the period. Oakworth Capital Inc. grew its position in Entergy by 7.6% during the fourth quarter. Oakworth Capital Inc. now owns 1,543 shares of the utilities provider’s stock worth $143,000 after buying an additional 109 shares during the period. Guidance Capital Inc. grew its position in Entergy by 0.8% during the third quarter. Guidance Capital Inc. now owns 13,956 shares of the utilities provider’s stock worth $1,348,000 after buying an additional 112 shares during the period. Physician Wealth Advisors Inc. grew its position in Entergy by 56.9% during 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 period. Finally, Cape Investment Advisory Inc. grew its position in Entergy by 2.9% during the third quarter. Cape Investment Advisory Inc. now owns 4,086 shares of the utilities provider’s stock worth $381,000 after buying an additional 116 shares during the period. 88.07% of the stock is currently owned by institutional investors and hedge funds.
Entergy Stock Performance
Shares of ETR opened at $112.39 on Monday. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.73 and a current ratio of 0.96. The company has a market capitalization of $51.46 billion, a price-to-earnings ratio of 28.67, a PEG ratio of 1.92 and a beta of 0.54. The company’s 50 day simple moving average is $111.30 and its 200 day simple moving average is $101.96. Entergy Corporation has a 1 year low of $80.11 and a 1 year high of $118.44.
Entergy Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 1st will be paid a dividend of $0.64 per share. The ex-dividend date of this dividend is Friday, May 1st. This represents a $2.56 dividend on an annualized basis and a yield of 2.3%. Entergy’s dividend payout ratio (DPR) is currently 65.31%.
Wall Street Analysts Forecast Growth
ETR has been the topic of several recent analyst reports. Argus upped their target price on shares of Entergy from $100.00 to $118.00 and gave the stock a “buy” rating in a research report on Monday, April 6th. Mizuho upped their target price on shares of Entergy from $112.00 to $120.00 and gave the stock an “outperform” rating in a research report on Monday, March 30th. Scotiabank restated an “outperform” rating and set a $129.00 target price (up from $114.00) on shares of Entergy in a research report on Thursday, April 30th. BMO Capital Markets upped their target price on shares of Entergy from $118.00 to $127.00 and gave the stock an “outperform” rating in a research report on Monday, April 13th. Finally, Wells Fargo & Company upped their target price on shares of Entergy from $123.00 to $128.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $119.00.
Check Out Our Latest Report on ETR
Entergy Company 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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