Candriam S.C.A. raised its position in shares of Entergy Corporation (NYSE:ETR – Free Report) by 83.3% in the third quarter, HoldingsChannel reports. The firm owned 11,802 shares of the utilities provider’s stock after acquiring an additional 5,364 shares during the period. Candriam S.C.A.’s holdings in Entergy were worth $1,176,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in ETR. Ethic Inc. raised its holdings in shares of Entergy by 3.8% in the 3rd quarter. Ethic Inc. now owns 24,288 shares of the utilities provider’s stock valued at $2,411,000 after purchasing an additional 886 shares in the last quarter. StoneX Group Inc. boosted its position in Entergy by 8.2% during the third quarter. StoneX Group Inc. now owns 31,653 shares of the utilities provider’s stock valued at $3,156,000 after purchasing an additional 2,394 shares in the last quarter. Pictet Asset Management Holding SA boosted its holdings in shares of Entergy by 2.2% in the 3rd quarter. Pictet Asset Management Holding SA now owns 2,592,948 shares of the utilities provider’s stock valued at $257,376,000 after buying an additional 55,021 shares in the last quarter. Alps Advisors Inc. boosted its stake in Entergy by 8.0% in the third quarter. Alps Advisors Inc. now owns 41,744 shares of the utilities provider’s stock valued at $4,144,000 after acquiring an additional 3,084 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC grew its stake in Entergy by 182.8% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 5,331 shares of the utilities provider’s stock worth $529,000 after buying an additional 3,446 shares during the last quarter. 88.07% of the stock is currently owned by hedge funds and other institutional investors.
Entergy Price Performance
NYSE:ETR opened at $111.95 on Thursday. The firm’s fifty day moving average is $105.10 and its two-hundred day moving average is $107.95. The firm has a market cap of $53.49 billion, a price-to-earnings ratio of 25.50, a PEG ratio of 2.49 and a beta of 0.44. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.93 and a current ratio of 1.18. Entergy Corporation has a one year low of $90.87 and a one year high of $118.44.
Entergy (NYSE:ETR – Get Free Report) last posted its earnings results on Monday, November 2nd. The utilities provider reported $1.98 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.25. Entergy had a net margin of 14.63% and a return on equity of 11.44%. The firm had revenue of $4.37 billion during the quarter, compared to analyst estimates of $4.12 billion. During the same period in the previous year, the firm earned $1.53 EPS. Research analysts expect that Entergy Corporation will post 4.41 EPS for the current year.
Entergy Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Friday, November 13th will be issued a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 2.4%. The ex-dividend date is Friday, November 13th. This is a positive change from Entergy’s previous quarterly dividend of $0.64. Entergy’s payout ratio is presently 58.85%.
Analyst Ratings Changes
A number of research firms recently commented on ETR. Wall Street Zen upgraded shares of Entergy from a “sell” rating to a “hold” rating in a research note on Saturday, November 7th. KeyCorp cut their price target on shares of Entergy from $123.00 to $118.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 13th. JPMorgan Chase & Co. cut their price target on shares of Entergy from $137.00 to $130.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 13th. Weiss Ratings raised shares of Entergy from a “buy (b)” rating to a “buy (b+)” rating in a report on Tuesday, November 3rd. Finally, Evercore lifted their price objective on shares of Entergy from $121.00 to $128.00 and gave the stock an “outperform” rating in a research note on Thursday, October 8th. Twenty equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $121.57.
View Our Latest Stock Analysis on Entergy
Insider Transactions at Entergy
In other news, insider Laura Landreaux sold 5,600 shares of Entergy stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $106.20, for a total value of $594,720.00. Following the sale, the insider directly owned 22,589 shares of the company’s stock, valued at $2,398,951.80. The trade was a 19.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.21% of the company’s stock.
Entergy Company Profile
Entergy Corporation is an investor-owned energy company headquartered in New Orleans. Its primary business is providing regulated electric utility service to residential, commercial and industrial customers. Through its utility subsidiaries, Entergy serves communities in Arkansas, Louisiana, Mississippi and Texas. Its operations include generating, transmitting and distributing electricity, with power produced from a mix of sources that includes nuclear energy. The company traces its corporate history to Middle South Utilities, which adopted the Entergy name in 1989.
Read More
- Five stocks we like better than Entergy
- Keeping AI Cool: AAON Rides the AI Heatwave to Record Growth
- AST SpaceMobile Has a New Rocket Plan, But Its Cash-Burn Problem Isn’t Going Away
- Powering Up the Moon: Redwire’s $40 Million NASA Award
- Can Constellation Energy’s Contracts Power a Stock Rebound?
Want to see what other hedge funds are holding ETR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Entergy Corporation (NYSE:ETR – Free Report).
Receive News & Ratings for Entergy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Entergy and related companies with MarketBeat.com's FREE daily email newsletter.
