Caisse DE Depot ET Placement DU Quebec raised its position in shares of Entergy Co. (NYSE:ETR) by 283.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 326,226 shares of the utilities provider’s stock after buying an additional 241,100 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned 0.18% of Entergy worth $25,015,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the business. CIBC Asset Management Inc lifted its position in shares of Entergy by 0.3% in the second quarter. CIBC Asset Management Inc now owns 18,961 shares of the utilities provider’s stock worth $1,456,000 after purchasing an additional 62 shares in the last quarter. Bessemer Group Inc. lifted its position in shares of Entergy by 2.0% in the second quarter. Bessemer Group Inc. now owns 5,360 shares of the utilities provider’s stock worth $411,000 after purchasing an additional 103 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in shares of Entergy by 1.0% in the second quarter. Daiwa Securities Group Inc. now owns 5,050 shares of the utilities provider’s stock worth $388,000 after purchasing an additional 50 shares in the last quarter. Candriam Luxembourg S.C.A. lifted its position in shares of Entergy by 35.5% in the second quarter. Candriam Luxembourg S.C.A. now owns 19,116 shares of the utilities provider’s stock worth $1,468,000 after purchasing an additional 5,009 shares in the last quarter. Finally, Retirement Systems of Alabama lifted its position in shares of Entergy by 0.3% in the second quarter. Retirement Systems of Alabama now owns 87,015 shares of the utilities provider’s stock worth $6,680,000 after purchasing an additional 298 shares in the last quarter. 82.95% of the stock is owned by institutional investors.
A number of research firms have recently issued reports on ETR. TheStreet raised shares of Entergy from a “c” rating to a “b-” rating in a research report on Friday, October 27th. Mizuho restated a “hold” rating and issued a $83.00 price objective on shares of Entergy in a report on Friday, October 27th. Wells Fargo & Company restated an “outperform” rating and issued a $96.00 price objective (up previously from $90.00) on shares of Entergy in a report on Wednesday, October 25th. Bank of America initiated coverage on Entergy in a report on Tuesday, October 24th. They issued a “neutral” rating and a $86.00 price objective on the stock. Finally, Jefferies Group upgraded Entergy from a “hold” rating to a “buy” rating in a report on Monday, October 16th. Eight investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $82.42.
Entergy Co. (NYSE ETR) opened at $83.13 on Wednesday. Entergy Co. has a twelve month low of $68.87 and a twelve month high of $87.95. The company has a current ratio of 0.78, a quick ratio of 0.58 and a debt-to-equity ratio of 1.61. The company has a market capitalization of $15,207.81, a P/E ratio of 12.48, a price-to-earnings-growth ratio of 1.74 and a beta of 0.55.
Entergy (NYSE:ETR) last announced its quarterly earnings results on Tuesday, October 24th. The utilities provider reported $2.35 EPS for the quarter, beating the consensus estimate of $2.24 by $0.11. Entergy 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 for the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter last year, the company posted $2.31 earnings per share. equities research analysts forecast that Entergy Co. will post 6.93 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Thursday, November 9th were issued a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a yield of 4.28%. The ex-dividend date was Wednesday, November 8th. This is an increase from Entergy’s previous quarterly dividend of $0.87. Entergy’s dividend payout ratio (DPR) is -72.06%.
In other news, EVP Marcus V. Brown sold 1,500 shares of the firm’s stock in a transaction on Friday, October 13th. The shares were sold at an average price of $82.00, for a total value of $123,000.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Sallie T. Rainer sold 6,300 shares of the firm’s stock in a transaction on Friday, October 13th. The stock was sold at an average price of $82.00, for a total transaction of $516,600.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 57,812 shares of company stock worth $4,907,522. Corporate insiders own 0.24% of the company’s stock.
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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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