Harbour Investments Inc. raised its holdings in Entergy Corporation (NYSE:ETR – Free Report) by 464.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,193 shares of the utilities provider’s stock after purchasing an additional 11,680 shares during the quarter. Harbour Investments Inc.’s holdings in Entergy were worth $1,312,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. New York State Common Retirement Fund lifted its stake in shares of Entergy by 3.9% in the 3rd quarter. New York State Common Retirement Fund now owns 184,690 shares of the utilities provider’s stock valued at $17,211,000 after acquiring an additional 7,000 shares during the last quarter. Nordea Investment Management AB lifted its stake in shares of Entergy by 66.0% in the 4th quarter. Nordea Investment Management AB now owns 800,258 shares of the utilities provider’s stock valued at $74,512,000 after acquiring an additional 318,221 shares during the last quarter. TD Waterhouse Canada Inc. lifted its stake in shares of Entergy by 124.6% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 24,949 shares of the utilities provider’s stock valued at $2,335,000 after acquiring an additional 13,841 shares during the last quarter. ANTIPODES PARTNERS Ltd bought a new position in shares of Entergy in the 3rd quarter valued at $108,005,000. Finally, Aurora Investment Counsel bought a new position in shares of Entergy in the 3rd quarter valued at $3,120,000. Institutional investors and hedge funds own 88.07% of the company’s stock.
Entergy Stock Performance
ETR stock opened at $108.89 on Friday. The stock has a 50-day moving average price of $111.85 and a 200-day moving average price of $102.43. Entergy Corporation has a 1-year low of $80.11 and a 1-year high of $118.44. The company has a current ratio of 0.96, a quick ratio of 0.73 and a debt-to-equity ratio of 1.80. The firm has a market cap of $49.86 billion, a PE ratio of 27.78, a price-to-earnings-growth ratio of 1.87 and a beta of 0.54.
Entergy Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 1st will be given a $0.64 dividend. The ex-dividend date of this dividend is Friday, May 1st. This represents a $2.56 annualized dividend and a dividend yield of 2.4%. Entergy’s dividend payout ratio (DPR) is 65.31%.
Analyst Ratings Changes
ETR has been the subject of a number of research reports. UBS Group reiterated a “buy” rating and issued a $135.00 price target (up from $131.00) on shares of Entergy in a research note on Thursday, April 30th. Weiss Ratings upgraded Entergy from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday, May 14th. Mizuho increased their price target on Entergy from $112.00 to $120.00 and gave the company an “outperform” rating in a research note on Monday, March 30th. Morgan Stanley set a $94.00 price target on Entergy in a research note on Thursday, May 21st. Finally, KeyCorp reiterated an “overweight” rating and issued a $123.00 price target (up from $118.00) on shares of Entergy in a research note on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $118.84.
Get Our Latest Stock 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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