2 weeks Ago By ABMN Staff
Summit Investment Advisors Inc. increased its holdings in Entergy Corporation ( NYSE:ETR – Free Report ) by 85.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission.
The fund owned 4,178 shares of the utilities provider’s stock after purchasing an additional 1,931 shares during the quarter. Summit Investment Advisors Inc.’s holdings in Entergy were worth $317,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Fortis Group Advisors LLC raised its position in shares of Entergy by 100.0% during the fourth quarter.
Fortis Group Advisors LLC now owns 344 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 172 shares during the last quarter. NBT Bank N A NY lifted its position in shares of Entergy by 100.0% in the 4th quarter.
NBT Bank N A NY now owns 340 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 170 shares during the period. Duncker Streett & Co. Inc.
boosted its stake in shares of Entergy by 100.0% in the 4th quarter. Duncker Streett & Co.
Inc. now owns 358 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 179 shares during the last quarter. Sandy Spring Bank raised its stake in Entergy by 100.
0% during the fourth quarter. Sandy Spring Bank now owns 358 shares of the utilities provider’s stock worth $27,000 after buying an additional 179 shares during the last quarter. Finally, Riverview Trust Co raised its stake in Entergy by 100.
0% during the fourth quarter. Riverview Trust Co now owns 364 shares of the utilities provider’s stock worth $28,000 after buying an additional 182 shares during the last quarter. 88.
07% of the stock is currently owned by institutional investors and hedge funds. Wall Street Analysts Forecast Growth ETR has been the subject of a number of recent analyst reports. JPMorgan Chase & Co.
increased their price target on Entergy from $87.00 to $98.00 and gave the stock an “overweight” rating in a report on Tuesday, March 11th.
Wells Fargo & Company lifted their target price on Entergy from $85.00 to $97.00 and gave the stock an “overweight” rating in a report on Wednesday, February 19th.
LADENBURG THALM/SH SH upgraded Entergy from a “neutral” rating to a “buy” rating and set a $86.50 price target on the stock in a report on Thursday, January 30th. UBS Group boosted their target price on shares of Entergy from $86.
00 to $96.00 and gave the company a “buy” rating in a research report on Friday, March 21st. Finally, Evercore ISI raised their price target on shares of Entergy from $75.
00 to $86.00 and gave the stock an “in-line” rating in a report on Wednesday, February 19th. Six analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company.
According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $85.25.
Entergy Stock Up 1.1 % Shares of NYSE:ETR opened at $83.11 on Monday.
The business’s 50 day moving average is $83.54 and its 200 day moving average is $77.94.
Entergy Corporation has a 12-month low of $51.75 and a 12-month high of $88.38.
The stock has a market cap of $35.80 billion, a price-to-earnings ratio of 34.13, a PEG ratio of 2.
34 and a beta of 0.56. The company has a quick ratio of 0.
59, a current ratio of 0.72 and a debt-to-equity ratio of 1.81.
Entergy ( NYSE:ETR – Get Free Report ) last posted its quarterly earnings data on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.
63 by $0.03. Entergy had a net margin of 8.
90% and a return on equity of 10.68%. The firm had revenue of $2.
74 billion for the quarter, compared to the consensus estimate of $3.24 billion. During the same period in the previous year, the firm earned $0.
26 EPS. On average, sell-side analysts forecast that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.
Entergy Dividend Announcement The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Friday, May 2nd will be issued a $0.60 dividend.
This represents a $2.40 annualized dividend and a dividend yield of 2.89%.
The ex-dividend date of this dividend is Friday, May 2nd. Entergy’s dividend payout ratio is presently 98.77%.
Entergy Profile ( Free Report ) Entergy Corporation, together with its subsidiaries, engages in the production and retail distribution of electricity in the United States. It 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. Further Reading Receive News & Ratings for Entergy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Entergy and related companies with MarketBeat.
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