Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in shares of Entergy Co. (NYSE:ETR) by 19.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,402 shares of the utilities provider’s stock after purchasing an additional 5,610 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Entergy were worth $2,627,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. grew its holdings in Entergy by 46.1% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,300 shares of the utilities provider’s stock worth $100,000 after acquiring an additional 410 shares during the period. Advisory Services Network LLC grew its holdings in Entergy by 2.1% in the second quarter. Advisory Services Network LLC now owns 2,335 shares of the utilities provider’s stock valued at $179,000 after purchasing an additional 49 shares during the last quarter. Parallel Advisors LLC grew its holdings in Entergy by 3.0% in the second quarter. Parallel Advisors LLC now owns 2,448 shares of the utilities provider’s stock valued at $188,000 after purchasing an additional 71 shares during the last quarter. BlueMountain Capital Management LLC acquired a new stake in Entergy in the second quarter valued at $204,000. Finally, IBM Retirement Fund grew its holdings in Entergy by 34.1% in the second quarter. IBM Retirement Fund now owns 2,669 shares of the utilities provider’s stock valued at $205,000 after purchasing an additional 678 shares during the last quarter. Institutional investors and hedge funds own 82.95% of the company’s stock.
Shares of Entergy Co. (NYSE ETR) traded up $0.46 during midday trading on Wednesday, reaching $83.59. The company’s stock had a trading volume of 1,148,476 shares, compared to its average volume of 1,208,600. The firm has a market cap of $15,207.81, a price-to-earnings ratio of 12.48, a PEG ratio of 1.74 and a beta of 0.55. 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 Co. has a 12-month low of $69.49 and a 12-month high of $87.95.
Entergy (NYSE:ETR) last issued its earnings results on Tuesday, October 24th. The utilities provider reported $2.35 EPS for the quarter, topping the consensus estimate of $2.24 by $0.11. The company had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.13 billion. Entergy had a positive return on equity of 14.76% and a negative net margin of 7.82%. During the same quarter last year, the firm earned $2.31 EPS. equities analysts anticipate 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. Investors of record on Thursday, November 9th were issued a $0.89 dividend. This is an increase from Entergy’s previous quarterly dividend of $0.87. The ex-dividend date of this dividend was Wednesday, November 8th. This represents a $3.56 annualized dividend and a dividend yield of 4.26%. Entergy’s dividend payout ratio (DPR) is -72.06%.
Several research firms have weighed in on ETR. Morgan Stanley upped their target price on Entergy from $79.00 to $82.00 and gave the company an “underweight” rating in a report on Thursday, August 10th. Jefferies Group reaffirmed a “hold” rating on shares of Entergy in a research note on Friday, August 11th. BidaskClub upgraded Entergy from a “hold” rating to a “buy” rating in a research report on Saturday, August 26th. Citigroup upgraded Entergy from a “neutral” rating to a “buy” rating and set a $91.00 target price on the stock in a research report on Friday, October 13th. Finally, Mizuho upgraded Entergy from a “neutral” rating to a “buy” rating in a research report on Friday, November 17th. Eight equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $82.42.
In other Entergy news, EVP Donald W. Vinci sold 5,416 shares of Entergy stock in a transaction on Monday, October 16th. The stock was sold at an average price of $83.00, for a total transaction of $449,528.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Charles L. Rice, Jr. sold 9,234 shares of Entergy stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $86.24, for a total value of $796,340.16. The disclosure for this sale can be found here. In the last three months, insiders sold 57,812 shares of company stock worth $4,907,522. Company 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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