Schwab Charles Investment Management Inc. increased its stake in Entergy Co. (NYSE:ETR) by 1.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 690,536 shares of the utilities provider’s stock after acquiring an additional 9,314 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.38% of Entergy worth $52,730,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. WINTON GROUP Ltd raised its stake in shares of Entergy by 922.8% during the third quarter. WINTON GROUP Ltd now owns 100,156 shares of the utilities provider’s stock valued at $7,648,000 after acquiring an additional 90,364 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in shares of Entergy during the third quarter valued at approximately $279,000. Zeke Capital Advisors LLC bought a new stake in shares of Entergy during the third quarter valued at approximately $296,000. Cadence Capital Management LLC raised its stake in shares of Entergy by 33.3% during the third quarter. Cadence Capital Management LLC now owns 11,000 shares of the utilities provider’s stock valued at $840,000 after acquiring an additional 2,745 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Entergy by 9.5% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,600 shares of the utilities provider’s stock valued at $1,115,000 after acquiring an additional 1,267 shares in the last quarter. Institutional investors own 82.95% of the company’s stock.
Several research firms have recently weighed in on ETR. Mizuho raised shares of Entergy from a “neutral” rating to a “buy” rating in a research note on Friday, November 17th. TheStreet raised shares of Entergy from a “c” rating to a “b-” rating in a report on Friday, October 27th. Wells Fargo & Company reissued an “outperform” rating and set a $96.00 price objective (up from $90.00) on shares of Entergy in a report on Wednesday, October 25th. Bank of America assumed coverage on shares of Entergy in a report on Tuesday, October 24th. They set a “neutral” rating and a $86.00 price objective on the stock. Finally, Jefferies Group raised shares of Entergy from a “hold” rating to a “buy” rating in a report on Monday, October 16th. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Entergy currently has an average rating of “Hold” and a consensus price target of $82.42.
Shares of Entergy Co. (NYSE ETR) opened at $83.13 on Wednesday. The firm has a market cap of $15,207.81, a price-to-earnings ratio of 12.48, a PEG ratio of 1.74 and a beta of 0.55. The company has a current ratio of 0.78, a quick ratio of 0.58 and a debt-to-equity ratio of 1.61. Entergy Co. has a 1-year low of $68.87 and a 1-year high of $87.95.
Entergy (NYSE:ETR) last announced its quarterly earnings data on Tuesday, October 24th. The utilities provider reported $2.35 earnings per share for the quarter, beating analysts’ consensus estimates of $2.24 by $0.11. The firm had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.13 billion. Entergy had a negative net margin of 7.82% and a positive return on equity of 14.76%. During the same period in the previous year, the company earned $2.31 earnings per share. analysts predict that Entergy Co. will post 6.93 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Thursday, November 9th were issued a dividend of $0.89 per share. The ex-dividend date was Wednesday, November 8th. This is a positive change from Entergy’s previous quarterly dividend of $0.87. This represents a $3.56 dividend on an annualized basis and a dividend yield of 4.28%. Entergy’s payout ratio is -72.06%.
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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