The Manufacturers Life Insurance Company cut its holdings in shares of Entergy Co. (NYSE:ETR – Get the Badge) by 4.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 432,717 shares of the private equity firm’s stock after selling 18,861 shares during the period. The Manufacturers Life Insurance Company owned about 0.21% of Entergy worth $43,544,000 at the end of the most recent year.
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Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Entergy by 2.8% in the first quarter. The Vanguard Group Inc. now owns 23,663,740 shares of the specialty company’s stock valued at $2,762,741,000 after acquiring an additional 650,775 shares during the period. State Street Corp lifted its holdings in shares of Entergy by 4.8% in the second quarter. State Street Corp now owns 12,704,364 shares of the specialty retailer’s stock valued at $1,431,020,000 after purchasing an additional 581,768 shares during the period. FMR LLC grew its holdings in Entergy by 36.6% in the second quarter. FMR LLC now owns 7,891,697 shares of the utilities provider’s stock worth $888,921,000 after acquiring an additional 2,116,058 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of Entergy by 13.4% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 3,061,140 shares of the specialist company’s stock valued at $344,807,000 after acquiring an additional 361,736 shares during the period. Finally, Pictet Asset Management SA raised its stake in shares of Entergy by 1.5% in the second quarter. Pictet Asset Management SA now owns 2,638,545 shares of the specialty services company’s stock valued at $297,206,000 after acquiring an additional 39,839 shares during the last quarter. 89.98% of the stock is currently held by hedge funds and other institutional investors.
Explore Upgrades and Downgrades
ETR has been the subject of many research reports. Credit Suisse Group upped their price target on Entergy from $108.00 to $117.00 and gave the company an “outperform” rating in a report on Friday, November 4th. Morgan Stanley lifted their price target on shares of Entergy from $103.00 to $110.00 and gave the company an “underweight” rating in a report on Thursday, December 15th. Bank of America downgraded shares of Entergy. from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $135.00 to $119.00 in a research report on Tuesday, January 3rd. Guggenheim reduced their price target on shares of Entergy from $129.00 to $117.00 in a research report on Monday, October 24th. At last, StockNews.com raised shares of Entergy from a “buy” rating to a “hold” rating in a research report on Friday, November 11th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a hold rating to the stock. buy stock in the company’s stock. According to MarketBeat.com, the company has a rating of “Hold” and a target price of $122.93.
Entergy Stock Performance
Share of ETR opened at $107.44 on Friday. The company has a quick ratio of 0.69, a current ratio of 0.90 and a debt-to-equity ratio of 2.04. The stock has a market cap of $21.86 billion, a P/E ratio of 17.44, a P/E/G ratio of 2.65 and a beta of 0.64. The company’s 50-day price is $112.15 and its 200-day price is $111.78. Entergy Co. it has a 52-week low of $94.94 and a 52-week high of $126.82.
Entergy (NYSE:ETR – Get the Badge) last announced its earnings results on Wednesday, November 2nd. Investors reported $2.84 EPS for the quarter, topping the consensus estimate of $2.67 by $0.17. Entergy has a yield of 11.55% and a yield of 9.46%. The company’s revenue for the quarter was $4.22 billion, compared to the consensus estimate of $3.35 billion. Equities research analysts expect that Entergy Co. will give 6.38 earnings per share for the current fiscal year.
Entergy Increases Stock Rates
The company also recently announced a quarterly dividend, which was paid on Thursday, December 1st. Investors of record on Monday, November 14th were issued a dividend of $1.07 per share. The distribution date is Thursday, November 10th. The total annual dividend is $4.28 and yields 3.98%. This is an increase from Entergy’s previous quarterly dividend of $1.01. Entergy (DPR) has a dividend yield of 69.48%.
Entergy Corporation, together with its subsidiaries, is engaged in the production and sale of electricity in the United States. The company operates in two segments, Utility and Entergy Wholesale Commodities. The Utility segment generates, transmits, distributes, and sells electricity in parts of Arkansas, Louisiana, Mississippi, and Texas, including the City of New Orleans; and natural gas distribution.
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