Driehaus Capital Management LLC acquired a new position in shares of Entergy Co. (NYSE:ETR) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 5,980 shares of the utilities provider’s stock, valued at approximately $487,000.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. LSV Asset Management lifted its stake in shares of Entergy by 1.4% during the 4th quarter. LSV Asset Management now owns 5,368,488 shares of the utilities provider’s stock worth $436,941,000 after purchasing an additional 74,855 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of Entergy by 32.4% during the 4th quarter. Renaissance Technologies LLC now owns 3,798,700 shares of the utilities provider’s stock worth $309,176,000 after purchasing an additional 928,800 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Entergy by 5.8% during the 4th quarter. Geode Capital Management LLC now owns 2,029,446 shares of the utilities provider’s stock worth $164,847,000 after purchasing an additional 110,386 shares during the last quarter. Bank of Montreal Can lifted its stake in shares of Entergy by 39.5% during the 4th quarter. Bank of Montreal Can now owns 2,001,135 shares of the utilities provider’s stock worth $162,873,000 after purchasing an additional 567,130 shares during the last quarter. Finally, Allianz Asset Management GmbH increased its position in Entergy by 8.7% during the 4th quarter. Allianz Asset Management GmbH now owns 1,856,073 shares of the utilities provider’s stock valued at $151,066,000 after buying an additional 147,810 shares in the last quarter. Hedge funds and other institutional investors own 88.57% of the company’s stock.
Entergy Co. (NYSE ETR) opened at $77.53 on Friday. The company has a quick ratio of 0.47, a current ratio of 0.65 and a debt-to-equity ratio of 1.79. The firm has a market capitalization of $14,009.71, a PE ratio of 10.75, a PEG ratio of 1.99 and a beta of 0.51. Entergy Co. has a 1-year low of $71.95 and a 1-year high of $87.95.
Entergy (NYSE:ETR) last announced its quarterly earnings data on Friday, February 23rd. The utilities provider reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.34. The business had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.33 billion. Entergy had a return on equity of 15.79% and a net margin of 3.81%. During the same period in the prior year, the company earned $0.31 earnings per share. sell-side analysts anticipate that Entergy Co. will post 5.58 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 1st. Stockholders of record on Thursday, February 8th were issued a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 4.59%. The ex-dividend date was Wednesday, February 7th. Entergy’s dividend payout ratio is presently 156.14%.
Several brokerages recently issued reports on ETR. Bank of America raised 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. TheStreet lowered Entergy from a “b-” rating to a “c+” rating in a research report on Wednesday, December 6th. Morgan Stanley reduced their target price on Entergy from $82.00 to $76.00 and set a “hold” rating on the stock in a research report on Tuesday, February 13th. Mizuho raised Entergy from a “neutral” rating to a “buy” rating in a research report on Friday, November 17th. Finally, Guggenheim reaffirmed a “buy” rating and set a $94.00 target price (up from $88.00) on shares of Entergy in a research report on Friday, February 23rd. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $82.57.
In other news, insider Haley Fisackerly sold 500 shares of the stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $78.02, for a total value of $39,010.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Alyson M. Mount sold 10,396 shares of the stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $78.50, for a total value of $816,086.00. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by corporate insiders.
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Entergy Company 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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