Toronto Dominion Bank boosted its holdings in Entergy Corporation (NYSE:ETR) by 12.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 68,321 shares of the utilities provider’s stock after buying an additional 7,298 shares during the quarter. Toronto Dominion Bank’s holdings in Entergy Corporation were worth $5,216,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Castleton Investment Management LLC acquired a new stake in Entergy Corporation in the second quarter valued at about $16,800,000. Principal Financial Group Inc. boosted its stake in Entergy Corporation by 99.4% in the second quarter. Principal Financial Group Inc. now owns 902,639 shares of the utilities provider’s stock valued at $69,296,000 after buying an additional 449,986 shares in the last quarter. BlackRock Inc. boosted its stake in Entergy Corporation by 1.0% in the second quarter. BlackRock Inc. now owns 16,243,801 shares of the utilities provider’s stock valued at $1,247,035,000 after buying an additional 154,117 shares in the last quarter. Prudential Financial Inc. boosted its stake in Entergy Corporation by 4.3% in the second quarter. Prudential Financial Inc. now owns 585,575 shares of the utilities provider’s stock valued at $44,954,000 after buying an additional 23,946 shares in the last quarter. Finally, Swiss National Bank boosted its stake in Entergy Corporation by 3.3% in the second quarter. Swiss National Bank now owns 655,522 shares of the utilities provider’s stock valued at $50,324,000 after buying an additional 20,800 shares in the last quarter. 82.91% of the stock is currently owned by institutional investors and hedge funds.
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Entergy Corporation (ETR) opened at $86.51 on Friday. Entergy Corporation has a 1 year low of $67.40 and a 1 year high of $87.95. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.58 and a current ratio of 0.78. The stock has a market capitalization of $15,593.51, a PE ratio of 12.80, a PEG ratio of 1.78 and a beta of 0.57.
Entergy Corporation (NYSE:ETR) last issued its quarterly earnings data on Tuesday, October 24th. The utilities provider reported $2.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.24 by $0.11. Entergy Corporation had a positive return on equity of 14.76% and a negative net margin of 7.82%. The company had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same period last year, the company earned $2.31 earnings per share. research analysts predict 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 given a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a dividend yield of 4.12%. This is an increase from Entergy Corporation’s previous quarterly dividend of $0.87. The ex-dividend date is Wednesday, November 8th. Entergy Corporation’s dividend payout ratio (DPR) is -72.06%.
In other news, COO Paul D. Hinnenkamp sold 2,300 shares of the firm’s stock in a transaction dated Tuesday, October 17th. The stock was sold at an average price of $84.00, for a total transaction of $193,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Sallie T. Rainer sold 6,300 shares of Entergy Corporation stock in a transaction that occurred on Friday, October 13th. The stock was sold at an average price of $82.00, for a total value of $516,600.00. The disclosure for this sale can be found here. Insiders have sold 58,812 shares of company stock valued at $4,986,472 over the last 90 days. 0.24% of the stock is owned by corporate insiders.
Several analysts recently weighed in on the company. TheStreet raised Entergy Corporation from a “c” rating to a “b-” rating in a research note on Friday, October 27th. Mizuho reissued a “hold” rating and set a $83.00 price target on shares of Entergy Corporation in a research note on Friday, October 27th. Wells Fargo & Company reissued an “outperform” rating and set a $96.00 price target (up from $90.00) on shares of Entergy Corporation in a research note on Wednesday, October 25th. Bank of America Corporation began coverage on Entergy Corporation in a research note on Tuesday, October 24th. They set a “neutral” rating and a $86.00 price target on the stock. Finally, Jefferies Group LLC raised Entergy Corporation from a “hold” rating to a “buy” rating in a research note on Monday, October 16th. Eight equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Entergy Corporation has a consensus rating of “Hold” and a consensus price target of $82.42.
Entergy Corporation 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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