Twin Tree Management LP purchased a new position in Entergy (NYSE:ETR) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,644 shares of the utilities provider’s stock, valued at approximately $130,000.
Several other institutional investors also recently bought and sold shares of ETR. Boston Partners purchased a new stake in shares of Entergy in the 1st quarter worth approximately $160,711,000. Millennium Management LLC grew its stake in shares of Entergy by 288.4% in the 4th quarter. Millennium Management LLC now owns 2,606,814 shares of the utilities provider’s stock worth $212,169,000 after buying an additional 1,935,599 shares during the last quarter. Brookfield Asset Management Inc. purchased a new stake in shares of Entergy in the 4th quarter worth approximately $91,885,000. Renaissance Technologies LLC grew its stake in shares of Entergy by 32.4% in the 4th quarter. Renaissance Technologies LLC now owns 3,798,700 shares of the utilities provider’s stock worth $309,176,000 after buying an additional 928,800 shares during the last quarter. Finally, Systematic Financial Management LP grew its stake in shares of Entergy by 159.6% in the 4th quarter. Systematic Financial Management LP now owns 670,953 shares of the utilities provider’s stock worth $54,609,000 after buying an additional 412,477 shares during the last quarter. Institutional investors own 86.99% of the company’s stock.
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Several analysts have commented on the company. Morgan Stanley cut their target price on Entergy from $82.00 to $76.00 and set a “hold” rating on the stock in a research note on Tuesday, February 13th. TheStreet upgraded Entergy from a “c” rating to a “b” rating in a research note on Wednesday, April 25th. Mizuho reiterated a “buy” rating and set a $88.50 target price on shares of Entergy in a research note on Thursday, April 19th. Zacks Investment Research upgraded Entergy from a “hold” rating to a “strong-buy” rating and set a $90.00 target price on the stock in a research note on Tuesday, April 17th. Finally, Wolfe Research upgraded Entergy from an “underperform” rating to a “market perform” rating in a research note on Thursday, April 26th. Five research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $85.77.
In other news, insider Phillip R. May, Jr. sold 7,700 shares of the firm’s stock in a transaction on Friday, April 27th. The stock was sold at an average price of $82.00, for a total value of $631,400.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Haley Fisackerly sold 500 shares of the firm’s stock in a transaction on Monday, March 5th. The stock was sold at an average price of $78.02, for a total value of $39,010.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 18,596 shares of company stock worth $1,486,496. Company insiders own 0.24% of the company’s stock.
Shares of ETR opened at $76.14 on Friday. The firm has a market cap of $13.77 billion, a price-to-earnings ratio of 10.58, a price-to-earnings-growth ratio of 1.69 and a beta of 0.45. Entergy has a 12 month low of $71.95 and a 12 month high of $87.95. The company has a current ratio of 0.70, a quick ratio of 0.52 and a debt-to-equity ratio of 1.96.
Entergy (NYSE:ETR) last released its quarterly earnings results on Wednesday, April 25th. The utilities provider reported $1.16 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.30 by ($0.14). The firm had revenue of $2.72 billion during the quarter, compared to analysts’ expectations of $2.47 billion. Entergy had a return on equity of 16.19% and a net margin of 4.21%. During the same quarter last year, the business earned $0.99 earnings per share. equities research analysts expect that Entergy will post 6.44 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Thursday, May 10th will be paid a $0.89 dividend. The ex-dividend date is Wednesday, May 9th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 4.68%. Entergy’s dividend payout ratio (DPR) is currently 49.44%.
Entergy Corporation, together with its subsidiaries, engages in the production and distribution of electricity in the United States. It generates electricity through gas/oil, nuclear, coal, hydro, and solar power sources. The company's Utility segment generates, transmits, distributes, and sells electric power in portions of Arkansas, Mississippi, Texas, and Louisiana, including the City of New Orleans; and distributes natural gas.
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