National Pension Service grew its holdings in shares of Entergy Co. (NYSE:ETR - Free Report) by 5.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 363,303 shares of the utilities provider's stock after acquiring an additional 18,256 shares during the quarter. National Pension Service owned 0.17% of Entergy worth $47,814,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in the business. Bank & Trust Co grew its holdings in shares of Entergy by 12.8% in the third quarter. Bank & Trust Co now owns 795 shares of the utilities provider's stock worth $105,000 after purchasing an additional 90 shares during the last quarter. Prossimo Advisors LLC raised its position in Entergy by 1.5% during the 3rd quarter. Prossimo Advisors LLC now owns 5,971 shares of the utilities provider's stock valued at $786,000 after purchasing an additional 90 shares during the last quarter. HBK Sorce Advisory LLC lifted its holdings in Entergy by 2.3% in the 2nd quarter. HBK Sorce Advisory LLC now owns 4,075 shares of the utilities provider's stock worth $436,000 after buying an additional 92 shares during the period. Alliance Wealth Advisors LLC increased its stake in shares of Entergy by 3.7% during the third quarter. Alliance Wealth Advisors LLC now owns 2,591 shares of the utilities provider's stock valued at $341,000 after buying an additional 92 shares during the period. Finally, CarsonAllaria Wealth Management Ltd. lifted its stake in Entergy by 5.4% in the third quarter. CarsonAllaria Wealth Management Ltd. now owns 1,858 shares of the utilities provider's stock worth $245,000 after acquiring an additional 95 shares during the period. Hedge funds and other institutional investors own 88.07% of the company's stock.
A number of research analysts have issued reports on the stock. Mizuho boosted their price objective on shares of Entergy from $138.00 to $165.00 and gave the company an "outperform" rating in a research report on Monday. UBS Group increased their price target on shares of Entergy from $143.00 to $144.00 and gave the stock a "buy" rating in a research note on Friday, September 20th. Scotiabank raised their target price on Entergy from $119.00 to $144.00 and gave the company a "sector perform" rating in a research note on Friday, November 1st. KeyCorp lifted their price target on shares of Entergy from $143.00 to $162.00 and gave the company an "overweight" rating in a research report on Friday, November 1st. Finally, BMO Capital Markets upped their price objective on shares of Entergy from $146.00 to $166.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $150.96.
Get Our Latest Research Report on ETR
Shares of NYSE:ETR opened at $146.06 on Thursday. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.89 and a quick ratio of 0.59. Entergy Co. has a 1 year low of $94.85 and a 1 year high of $156.85. The company has a market cap of $31.32 billion, a P/E ratio of 17.79, a PEG ratio of 2.69 and a beta of 0.71. The stock's fifty day moving average price is $131.25 and its 200-day moving average price is $118.08.
Entergy (NYSE:ETR - Get Free Report) last posted its earnings results on Thursday, October 31st. The utilities provider reported $2.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.91 by $0.08. Entergy had a net margin of 14.83% and a return on equity of 9.53%. The business had revenue of $3.39 billion for the quarter, compared to analysts' expectations of $3.46 billion. During the same quarter in the prior year, the business earned $3.27 EPS. Sell-side analysts expect that Entergy Co. will post 7.21 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Wednesday, November 13th will be paid a dividend of $1.20 per share. The ex-dividend date is Wednesday, November 13th. This is a positive change from Entergy's previous quarterly dividend of $1.13. This represents a $4.80 dividend on an annualized basis and a yield of 3.29%. Entergy's payout ratio is currently 55.05%.
In related news, COO Peter S. Norgeot, Jr. sold 7,922 shares of Entergy stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $130.00, for a total value of $1,029,860.00. Following the completion of the sale, the chief operating officer now owns 34,993 shares of the company's stock, valued at $4,549,090. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, COO Peter S. Norgeot, Jr. sold 7,922 shares of the firm's stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $130.00, for a total value of $1,029,860.00. Following the transaction, the chief operating officer now owns 34,993 shares of the company's stock, valued at approximately $4,549,090. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Andrew S. Marsh sold 600 shares of the company's stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $120.03, for a total transaction of $72,018.00. Following the sale, the chief executive officer now directly owns 150,731 shares of the company's stock, valued at approximately $18,092,241.93. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 36,138 shares of company stock valued at $4,430,838 in the last ninety days. 0.54% of the stock is currently owned by company insiders.
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.
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