Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Entergy Co. (NYSE:ETR) by 19.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,957 shares of the utilities provider’s stock after buying an additional 8,960 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Entergy were worth $5,156,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. NuWave Investment Management LLC bought a new position in shares of Entergy in the 2nd quarter worth approximately $30,000. Private Ocean LLC bought a new position in Entergy in the first quarter worth about $33,000. Retirement Network purchased a new stake in shares of Entergy during the first quarter worth about $37,000. West Bancorporation Inc. purchased a new stake in shares of Entergy during the first quarter worth about $38,000. Finally, Tower Research Capital LLC TRC grew its stake in shares of Entergy by 447.9% during the first quarter. Tower Research Capital LLC TRC now owns 400 shares of the utilities provider’s stock worth $38,000 after acquiring an additional 327 shares during the last quarter. 86.13% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE ETR opened at $105.13 on Friday. The business’s 50 day moving average price is $97.55 and its 200 day moving average price is $106.16. The firm has a market cap of $21.04 billion, a P/E ratio of 17.18, a P/E/G ratio of 3.28 and a beta of 0.55. Entergy Co. has a 52 week low of $75.19 and a 52 week high of $135.55. The company has a quick ratio of 0.49, a current ratio of 0.58 and a debt-to-equity ratio of 1.75.
Entergy (NYSE:ETR) last released its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $1.37 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.26 by $0.11. Entergy had a return on equity of 11.36% and a net margin of 11.95%. The business had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.81 billion. During the same quarter in the prior year, the firm posted $1.35 EPS. As a group, research analysts expect that Entergy Co. will post 5.57 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Thursday, August 13th will be given a $0.93 dividend. This represents a $3.72 annualized dividend and a yield of 3.54%. Entergy’s dividend payout ratio is presently 68.89%.
A number of brokerages have recently weighed in on ETR. Seaport Global Securities began coverage on Entergy in a research note on Wednesday, May 20th. They set a “buy” rating and a $108.00 price target on the stock. JPMorgan Chase & Co. dropped their price target on Entergy from $127.00 to $115.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 27th. Wells Fargo & Co dropped their price target on Entergy from $150.00 to $120.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 12th. Royal Bank of Canada restated a “buy” rating and set a $109.00 price target on shares of Entergy in a research note on Thursday, April 30th. Finally, Morgan Stanley upped their target price on Entergy from $102.00 to $107.00 and gave the company an “equal weight” rating in a research report on Friday, July 17th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $116.46.
Entergy Company Profile
Entergy Corporation, together with its subsidiaries, engages in the production and distribution of electricity in the United States. It generates electricity through gas/oil, nuclear, coal, hydro, and solar power sources. The company's Utility segment generates, transmits, distributes, and sells electric power in portions of Arkansas, Mississippi, Texas, and Louisiana, including the City of New Orleans; and distributes natural gas.
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