State of Wisconsin Investment Board boosted its holdings in shares of Entergy Corporation (NYSE:ETR) by 0.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 241,896 shares of the utilities provider’s stock after acquiring an additional 2,230 shares during the period. State of Wisconsin Investment Board owned 0.13% of Entergy Corporation worth $18,471,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of ETR. Franklin Resources Inc. lifted its position in Entergy Corporation by 43.9% during the 2nd quarter. Franklin Resources Inc. now owns 1,888,643 shares of the utilities provider’s stock valued at $144,991,000 after acquiring an additional 576,426 shares during the period. AJO LP lifted its position in Entergy Corporation by 16.0% during the 2nd quarter. AJO LP now owns 3,518,543 shares of the utilities provider’s stock valued at $270,119,000 after acquiring an additional 485,602 shares during the period. Principal Financial Group Inc. lifted its position in Entergy Corporation by 99.4% during the 2nd quarter. Principal Financial Group Inc. now owns 902,639 shares of the utilities provider’s stock valued at $69,296,000 after acquiring an additional 449,986 shares during the period. Parametric Portfolio Associates LLC lifted its position in Entergy Corporation by 71.1% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 973,379 shares of the utilities provider’s stock valued at $74,726,000 after acquiring an additional 404,399 shares during the period. Finally, Nomura Holdings Inc. lifted its position in Entergy Corporation by 4,433.0% during the 2nd quarter. Nomura Holdings Inc. now owns 245,415 shares of the utilities provider’s stock valued at $18,842,000 after acquiring an additional 240,001 shares during the period. 83.86% of the stock is owned by institutional investors.
Entergy Corporation (ETR) opened at $85.13 on Friday. The company has a current ratio of 0.78, a quick ratio of 0.58 and a debt-to-equity ratio of 1.61. Entergy Corporation has a twelve month low of $66.73 and a twelve month high of $87.85. The firm has a market cap of $15,344.77, a P/E ratio of 12.59, a PEG ratio of 1.75 and a beta of 0.57.
Entergy Corporation (NYSE:ETR) last released its quarterly earnings data on Tuesday, October 24th. The utilities provider reported $2.35 earnings per share for the quarter, beating the consensus estimate of $2.24 by $0.11. Entergy Corporation had a negative net margin of 7.82% and a positive return on equity of 14.76%. The firm had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $3.13 billion. During the same period in the previous year, the company earned $2.31 earnings per share. analysts anticipate that Entergy Corporation will post 6.93 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Thursday, November 9th will be issued a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 4.18%. This is a boost from Entergy Corporation’s previous quarterly dividend of $0.87. The ex-dividend date of this dividend is Wednesday, November 8th. Entergy Corporation’s payout ratio is presently -72.06%.
In other news, EVP Marcus V. Brown sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, October 13th. The shares were sold at an average price of $82.00, for a total transaction of $123,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Charles L. Rice, Jr. sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $78.95, for a total transaction of $78,950.00. The disclosure for this sale can be found here. Insiders have sold 40,578 shares of company stock valued at $3,408,022 over the last three months. 0.24% of the stock is owned by corporate insiders.
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Several research analysts have issued reports on the stock. Mizuho reaffirmed a “hold” rating and issued a $83.00 target price on shares of Entergy Corporation in a report on Friday, October 27th. Citigroup Inc. raised shares of Entergy Corporation from a “neutral” rating to a “buy” rating and set a $91.00 target price for the company in a report on Friday, October 13th. BMO Capital Markets reaffirmed a “hold” rating and issued a $78.00 target price on shares of Entergy Corporation in a report on Friday, August 4th. J P Morgan Chase & Co lifted their target price on shares of Entergy Corporation from $83.00 to $84.00 and gave the stock a “neutral” rating in a report on Thursday, October 12th. Finally, BidaskClub raised shares of Entergy Corporation from a “hold” rating to a “buy” rating in a report on Saturday, August 26th. Nine research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $82.42.
Entergy Corporation Company Profile
Entergy Corporation is a holding company. The Company is an integrated energy company engaged in electric power production and retail electric distribution operations. The Company operates through two business segments: Utility and Entergy Wholesale Commodities. The Utility segment includes the generation, transmission, distribution and sale of electric power to retail and wholesale customers in areas of Arkansas, Mississippi, Texas and Louisiana, including the City of New Orleans and operates a natural gas distribution business.
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