First Trust Advisors LP lessened its stake in shares of Entergy Co. (NYSE:ETR) by 12.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 222,686 shares of the utilities provider’s stock after selling 31,523 shares during the quarter. First Trust Advisors LP’s holdings in Entergy were worth $18,124,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of ETR. Dimensional Fund Advisors LP grew its stake in shares of Entergy by 1.1% during the second quarter. Dimensional Fund Advisors LP now owns 410,942 shares of the utilities provider’s stock worth $31,549,000 after buying an additional 4,479 shares during the last quarter. Mutual of America Capital Management LLC grew its stake in shares of Entergy by 4.2% during the third quarter. Mutual of America Capital Management LLC now owns 36,519 shares of the utilities provider’s stock worth $2,789,000 after buying an additional 1,486 shares during the last quarter. Aperio Group LLC grew its stake in shares of Entergy by 2.7% during the third quarter. Aperio Group LLC now owns 183,232 shares of the utilities provider’s stock worth $13,992,000 after buying an additional 4,744 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in shares of Entergy by 112.7% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 30,186 shares of the utilities provider’s stock worth $2,305,000 after buying an additional 15,994 shares during the last quarter. Finally, Crossmark Global Holdings Inc. bought a new stake in shares of Entergy during the third quarter worth $1,595,000. 82.31% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms have weighed in on ETR. Guggenheim reaffirmed a “buy” rating and set a $101.00 target price on shares of Entergy in a research note on Wednesday, January 3rd. Mizuho raised shares of Entergy from a “neutral” rating to a “buy” rating in a research note on Friday, November 17th. Morgan Stanley boosted their target price on shares of Entergy from $86.00 to $88.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 13th. TheStreet cut shares of Entergy from a “b-” rating to a “c+” rating in a research note on Wednesday, December 6th. Finally, UBS Group began coverage on shares of Entergy in a research note on Friday, February 2nd. They set a “neutral” rating and a $82.00 target price on the stock. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $82.57.
Entergy (NYSE:ETR) last issued its quarterly earnings data on Friday, February 23rd. The utilities provider reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.34. Entergy had a net margin of 3.81% and a return on equity of 15.79%. The company had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.33 billion. During the same quarter in the previous year, the firm posted $0.31 earnings per share. analysts forecast that Entergy Co. will post 4.8 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Thursday, February 8th will be paid a $0.89 dividend. The ex-dividend date is Wednesday, February 7th. This represents a $3.56 annualized dividend and a dividend yield of 4.58%. Entergy’s dividend payout ratio is 156.14%.
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Entergy Corporation is a holding company. The Company is an integrated energy company engaged in electric power production and retail electric distribution operations. The Company operates through two business segments: Utility and Entergy Wholesale Commodities. The Utility segment includes the generation, transmission, distribution and sale of electric power to retail and wholesale customers in areas of Arkansas, Mississippi, Texas and Louisiana, including the City of New Orleans and operates a natural gas distribution business.
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