Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Entergy Co. (NYSE:ETR – Free Report) by 8.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 44,194 shares of the utilities provider’s stock after acquiring an additional 3,361 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Entergy were worth $4,761,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also bought and sold shares of ETR. Financial Management Professionals Inc. increased its holdings in Entergy by 1,019.0% during the 1st quarter. Financial Management Professionals Inc. now owns 235 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 214 shares during the period. Trust Co. of Vermont purchased a new position in Entergy in the 1st quarter worth approximately $26,000. Fairfield Bush & CO. purchased a new position in Entergy in the 1st quarter worth approximately $29,000. Dark Forest Capital Management LP grew its stake in Entergy by 1,618.8% in the 4th quarter. Dark Forest Capital Management LP now owns 275 shares of the utilities provider’s stock worth $31,000 after buying an additional 259 shares in the last quarter. Finally, Capital Directions Investment Advisors LLC purchased a new position in Entergy in the 4th quarter worth approximately $33,000. Institutional investors own 86.41% of the company’s stock.
Entergy Trading Up 0.2 %
NYSE:ETR opened at $96.31 on Friday. The company has a fifty day moving average of $99.81 and a 200 day moving average of $103.57. Entergy Co. has a 52 week low of $94.16 and a 52 week high of $122.46. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 1.84. The firm has a market capitalization of $20.37 billion, a P/E ratio of 14.68, a P/E/G ratio of 2.54 and a beta of 0.64.
Entergy Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 11th will be issued a $1.07 dividend. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $4.28 annualized dividend and a yield of 4.44%. Entergy’s dividend payout ratio (DPR) is presently 65.24%.
Analyst Ratings Changes
A number of research firms have commented on ETR. JPMorgan Chase & Co. cut their price target on shares of Entergy from $134.00 to $120.00 in a research note on Tuesday, June 13th. Guggenheim cut their price target on shares of Entergy from $124.00 to $110.00 in a research note on Friday, July 7th. TheStreet raised shares of Entergy from a “c+” rating to a “b-” rating in a research note on Monday, April 17th. Morgan Stanley upped their price objective on shares of Entergy from $101.00 to $102.00 and gave the company an “underweight” rating in a research note on Friday, July 21st. Finally, StockNews.com raised shares of Entergy from a “sell” rating to a “hold” rating in a research note on Friday, May 19th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $116.45.
View Our Latest Research Report on Entergy
About Entergy
Entergy Corporation, together with its subsidiaries, engages in the production and retail distribution of electricity in the United States. The company operates in two segments, Utility and Entergy Wholesale Commodities. The Utility segment generates, transmits, distributes, and sells electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, including the City of New Orleans; and distributes natural gas.
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