Ontario Teachers Pension Plan Board lowered its position in shares of Entergy Co. (NYSE:ETR) by 0.7% during the fourth quarter, HoldingsChannel reports. The firm owned 95,425 shares of the utilities provider’s stock after selling 696 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in Entergy were worth $7,767,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cerebellum GP LLC acquired a new stake in shares of Entergy during the fourth quarter worth about $123,000. Calton & Associates Inc. acquired a new stake in shares of Entergy during the fourth quarter worth about $130,000. Advisory Services Network LLC increased its position in shares of Entergy by 2.1% during the second quarter. Advisory Services Network LLC now owns 2,335 shares of the utilities provider’s stock worth $179,000 after purchasing an additional 49 shares in the last quarter. Krilogy Financial LLC increased its position in shares of Entergy by 1,116.0% during the third quarter. Krilogy Financial LLC now owns 2,432 shares of the utilities provider’s stock worth $186,000 after purchasing an additional 2,232 shares in the last quarter. Finally, NuWave Investment Management LLC acquired a new stake in shares of Entergy during the fourth quarter worth about $193,000. Institutional investors and hedge funds own 82.31% of the company’s stock.
Entergy Co. (NYSE:ETR) opened at $74.44 on Thursday. 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 twelve month low of $71.95 and a twelve month high of $87.95. The stock has a market capitalization of $13,596.36, a PE ratio of -15.07, a P/E/G ratio of 2.12 and a beta of 0.50.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Thursday, February 8th will be issued a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a dividend yield of 4.78%. The ex-dividend date is Wednesday, February 7th. Entergy’s dividend payout ratio is currently -72.06%.
ETR has been the topic of a number of research analyst reports. Wells Fargo & Co reiterated an “outperform” rating and set a $96.00 target price (up previously from $90.00) on shares of Entergy in a research report on Wednesday, October 25th. Mizuho reiterated a “hold” rating and set a $83.00 target price on shares of Entergy in a research report on Friday, October 27th. TheStreet upgraded Entergy from a “c” rating to a “b-” rating in a research report on Friday, October 27th. Bank of America upgraded Entergy from a “neutral” rating to a “buy” rating and set a $89.00 target price on the stock in a research report on Tuesday, December 12th. Finally, Morgan Stanley lifted their target price on Entergy from $86.00 to $88.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 13th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $83.50.
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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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