Entergy Co. (NYSE:ETR) Stock Position Lifted by Confluence Investment Management LLC

Confluence Investment Management LLC boosted its stake in shares of Entergy Co. (NYSE:ETRGet Rating) by 1.4% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 881,730 shares of the utilities provider’s stock after purchasing an additional 11,745 shares during the period. Entergy comprises approximately 1.5% of Confluence Investment Management LLC’s holdings, making the stock its 22nd largest position. Confluence Investment Management LLC owned approximately 0.43% of Entergy worth $99,318,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. CNB Bank bought a new stake in Entergy in the first quarter worth approximately $27,000. Fairfield Bush & CO. bought a new stake in Entergy in the first quarter worth approximately $29,000. Riverview Trust Co bought a new stake in Entergy in the first quarter worth approximately $32,000. GW&K Investment Management LLC bought a new stake in Entergy in the first quarter worth approximately $32,000. Finally, TCI Wealth Advisors Inc. grew its position in Entergy by 2,863.6% in the first quarter. TCI Wealth Advisors Inc. now owns 326 shares of the utilities provider’s stock worth $38,000 after acquiring an additional 315 shares in the last quarter. 90.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Wells Fargo & Company boosted their target price on shares of Entergy from $125.00 to $138.00 and gave the stock an “overweight” rating in a research report on Thursday, August 4th. Mizuho reduced their price objective on shares of Entergy from $127.00 to $123.00 and set a “buy” rating for the company in a research note on Wednesday, June 29th. Credit Suisse Group reduced their price objective on shares of Entergy from $136.00 to $114.00 and set an “outperform” rating for the company in a research note on Tuesday, June 21st. UBS Group cut shares of Entergy from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $134.00 to $128.00 in a research note on Tuesday, September 6th. Finally, Evercore ISI boosted their price objective on shares of Entergy to $130.00 in a research note on Tuesday, August 9th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Entergy currently has an average rating of “Hold” and a consensus target price of $125.43.

Entergy Price Performance

NYSE:ETR opened at $115.42 on Monday. The stock has a market cap of $23.48 billion, a P/E ratio of 19.08, a PEG ratio of 2.69 and a beta of 0.57. Entergy Co. has a one year low of $98.50 and a one year high of $126.82. The company has a fifty day moving average price of $116.15 and a 200 day moving average price of $115.90. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.87 and a quick ratio of 0.64.

Entergy (NYSE:ETRGet Rating) last released its earnings results on Wednesday, August 3rd. The utilities provider reported $1.78 EPS for the quarter, beating the consensus estimate of $1.36 by $0.42. Entergy had a net margin of 9.92% and a return on equity of 11.07%. During the same quarter in the previous year, the company posted $1.34 earnings per share. Analysts anticipate that Entergy Co. will post 6.38 earnings per share for the current year.

Entergy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Thursday, August 11th were issued a $1.01 dividend. This represents a $4.04 annualized dividend and a yield of 3.50%. The ex-dividend date of this dividend was Wednesday, August 10th. Entergy’s dividend payout ratio (DPR) is presently 66.78%.

Entergy Company Profile

(Get Rating)

Entergy Corporation, together with its subsidiaries, engages in the production and retail distribution 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 electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, including the City of New Orleans; and distributes natural gas.

See Also

Institutional Ownership by Quarter for Entergy (NYSE:ETR)

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