Swiss National Bank boosted its holdings in Entergy Corporation (NYSE:ETR) by 0.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 660,922 shares of the utilities provider’s stock after purchasing an additional 5,400 shares during the period. Swiss National Bank owned about 367,996.66% of Entergy Corporation worth $50,468,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Benjamin F. Edwards & Company Inc. boosted its holdings in Entergy Corporation by 46.1% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,300 shares of the utilities provider’s stock valued at $100,000 after purchasing an additional 410 shares during the last quarter. V Wealth Management LLC purchased a new position in Entergy Corporation in the second quarter valued at about $106,000. Advisory Services Network LLC boosted its holdings in Entergy Corporation by 2.1% in the second quarter. Advisory Services Network LLC now owns 2,335 shares of the utilities provider’s stock valued at $179,000 after purchasing an additional 49 shares during the last quarter. Parallel Advisors LLC boosted its holdings in Entergy Corporation by 3.0% in the second quarter. Parallel Advisors LLC now owns 2,448 shares of the utilities provider’s stock valued at $188,000 after purchasing an additional 71 shares during the last quarter. Finally, BlueMountain Capital Management LLC purchased a new position in Entergy Corporation in the second quarter valued at about $204,000. 82.91% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts recently commented on ETR shares. TheStreet raised Entergy Corporation from a “c” rating to a “b-” rating in a report on Friday, October 27th. BidaskClub raised Entergy Corporation from a “hold” rating to a “buy” rating in a report on Saturday, August 26th. ValuEngine raised Entergy Corporation from a “hold” rating to a “buy” rating in a report on Monday, August 7th. Jefferies Group LLC raised Entergy Corporation from a “hold” rating to a “buy” rating in a report on Monday, October 16th. Finally, Citigroup Inc. raised Entergy Corporation from a “neutral” rating to a “buy” rating and set a $91.00 price target for the company in a report on Friday, October 13th. Nine equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Entergy Corporation currently has a consensus rating of “Hold” and an average target price of $82.42.
In other news, insider Charles L. Rice, Jr. sold 1,000 shares of the stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $78.95, for a total transaction of $78,950.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Donald W. Vinci sold 6,594 shares of the stock in a transaction that occurred on Thursday, October 19th. The stock was sold at an average price of $85.00, for a total value of $560,490.00. Following the sale, the executive vice president now owns 14,867 shares in the company, valued at $1,263,695. The disclosure for this sale can be found here. Insiders have sold a total of 59,812 shares of company stock worth $5,064,252 over the last quarter. Insiders own 0.24% of the company’s stock.
Shares of Entergy Corporation (ETR) opened at $86.64 on Tuesday. The company has a current ratio of 0.78, a quick ratio of 0.58 and a debt-to-equity ratio of 1.61. The firm has a market capitalization of $15,344.80, a P/E ratio of 12.59, a PEG ratio of 1.75 and a beta of 0.57. Entergy Corporation has a 1 year low of $66.73 and a 1 year high of $87.85.
Entergy Corporation (NYSE:ETR) last announced its quarterly earnings results on Tuesday, October 24th. The utilities provider reported $2.35 earnings per share for the quarter, topping analysts’ consensus estimates of $2.24 by $0.11. The business had revenue of $3.24 billion for the quarter, compared to analysts’ expectations of $3.13 billion. Entergy Corporation had a positive return on equity of 14.76% and a negative net margin of 7.82%. During the same period in the prior year, the firm earned $2.31 EPS. research analysts predict that Entergy Corporation will post 6.93 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Thursday, November 9th will be given a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a dividend yield of 4.11%. This is a boost from Entergy Corporation’s previous quarterly dividend of $0.87. The ex-dividend date of this dividend is Wednesday, November 8th. Entergy Corporation’s dividend payout ratio is presently -72.06%.
Entergy Corporation Profile
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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