Principal Financial Group Inc. decreased its position in Entergy Co. (NYSE:ETR) by 22.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 272,983 shares of the utilities provider’s stock after selling 78,937 shares during the quarter. Principal Financial Group Inc.’s holdings in Entergy were worth $27,254,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of ETR. Nissay Asset Management Corp Japan ADV lifted its stake in Entergy by 0.5% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 21,734 shares of the utilities provider’s stock worth $2,170,000 after purchasing an additional 113 shares during the last quarter. Horrell Capital Management Inc. raised its holdings in shares of Entergy by 0.4% during the fourth quarter. Horrell Capital Management Inc. now owns 31,699 shares of the utilities provider’s stock worth $3,165,000 after purchasing an additional 117 shares during the period. Eaton Vance Management lifted its position in shares of Entergy by 2.3% in the 4th quarter. Eaton Vance Management now owns 6,158 shares of the utilities provider’s stock worth $615,000 after buying an additional 136 shares during the last quarter. Eqis Capital Management Inc. boosted its holdings in shares of Entergy by 4.0% in the 4th quarter. Eqis Capital Management Inc. now owns 3,766 shares of the utilities provider’s stock valued at $376,000 after buying an additional 146 shares during the period. Finally, 180 Wealth Advisors LLC grew its position in shares of Entergy by 6.4% during the 4th quarter. 180 Wealth Advisors LLC now owns 2,463 shares of the utilities provider’s stock valued at $234,000 after buying an additional 149 shares during the last quarter. Institutional investors and hedge funds own 84.58% of the company’s stock.
A number of equities analysts have commented on ETR shares. KeyCorp restated a “sector weight” rating on shares of Entergy in a research note on Monday, March 15th. Evercore ISI upgraded Entergy from an “in-line” rating to an “outperform” rating in a research report on Thursday, January 21st. Mizuho boosted their price target on shares of Entergy from $105.00 to $120.00 and gave the company a “buy” rating in a report on Tuesday, March 30th. Finally, Morgan Stanley increased their price objective on shares of Entergy from $106.00 to $109.00 and gave the stock an “equal weight” rating in a report on Thursday, March 25th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $113.58.
Entergy stock opened at $101.72 on Thursday. Entergy Co. has a 12-month low of $85.78 and a 12-month high of $113.36. The company has a debt-to-equity ratio of 1.82, a current ratio of 0.59 and a quick ratio of 0.44. The stock has a market capitalization of $20.45 billion, a PE ratio of 14.76, a price-to-earnings-growth ratio of 2.93 and a beta of 0.50. The firm has a 50 day simple moving average of $94.53 and a 200-day simple moving average of $99.75.
Entergy (NYSE:ETR) last released its earnings results on Tuesday, February 23rd. The utilities provider reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.04. Entergy had a return on equity of 11.01% and a net margin of 13.75%. The firm had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.95 billion. During the same period in the prior year, the firm posted $0.68 earnings per share. On average, analysts forecast that Entergy Co. will post 5.63 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, March 1st. Investors of record on Friday, February 12th were paid a dividend of $0.95 per share. The ex-dividend date of this dividend was Thursday, February 11th. This represents a $3.80 annualized dividend and a yield of 3.74%. Entergy’s dividend payout ratio is currently 70.37%.
Entergy Company Profile
Entergy Corporation, together with its subsidiaries, engages in the production and distribution of electricity in the United States. The company generates electricity through gas/oil, nuclear, coal, hydro, and solar power sources. It operates in two segments, Utility and Entergy Wholesale Commodities.
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