Entergy Corporation (NYSE:ETR) Stock Holdings Lifted by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lifted its position in Entergy Corporation (NYSE:ETR) by 94.7% in the 4th quarter, Holdings Channel reports. The fund owned 1,920,674 shares of the utilities provider’s stock after buying an additional 934,128 shares during the period. Thrivent Financial for Lutherans’ holdings in Entergy were worth $145,762,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fortis Group Advisors LLC raised its stake in Entergy by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 172 shares during the period. NBT Bank N A NY grew its holdings in shares of Entergy by 100.0% during the fourth quarter. NBT Bank N A NY now owns 340 shares of the utilities provider’s stock valued at $26,000 after buying an additional 170 shares in the last quarter. Legacy Investment Solutions LLC purchased a new position in shares of Entergy during the third quarter valued at $27,000. Duncker Streett & Co. Inc. raised its position in Entergy by 100.0% during the fourth quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider’s stock valued at $27,000 after buying an additional 179 shares during the period. Finally, Riverview Trust Co lifted its stake in Entergy by 100.0% in the 4th quarter. Riverview Trust Co now owns 364 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 182 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Entergy Trading Up 0.6 %

Entergy stock opened at $85.53 on Tuesday. Entergy Corporation has a one year low of $50.19 and a one year high of $88.38. The company’s fifty day moving average price is $82.28 and its two-hundred day moving average price is $74.50. The company has a market capitalization of $36.81 billion, a price-to-earnings ratio of 35.12, a PEG ratio of 2.34 and a beta of 0.68. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.72 and a quick ratio of 0.59.

Entergy (NYSE:ETR) last issued its quarterly earnings data on Tuesday, February 18th. The utilities provider reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.03. Entergy had a return on equity of 10.68% and a net margin of 8.90%. The business had revenue of $2.74 billion for the quarter, compared to analyst estimates of $3.24 billion. During the same quarter in the prior year, the firm posted $0.26 EPS. On average, analysts forecast that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 10th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date was Monday, February 10th. Entergy’s payout ratio is 98.77%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on ETR shares. StockNews.com upgraded Entergy from a “sell” rating to a “hold” rating in a report on Sunday, December 29th. BMO Capital Markets upped their price objective on shares of Entergy from $79.00 to $94.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th. Scotiabank cut their target price on shares of Entergy from $165.00 to $82.00 and set a “sector perform” rating for the company in a research report on Tuesday, January 7th. UBS Group boosted their price target on shares of Entergy from $72.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. Finally, KeyCorp downgraded shares of Entergy from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, December 4th. Six research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $84.11.

Entergy Profile

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.