Archford Capital Strategies LLC trimmed its position in shares of Entergy Co. (NYSE:ETR – Get Rating) by 5.9% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,722 shares of the utilities provider’s stock after selling 171 shares during the period. Archford Capital Strategies LLC’s holdings in Entergy were worth $307,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Capital International Investors raised its stake in Entergy by 17.1% in the fourth quarter. Capital International Investors now owns 12,028,310 shares of the utilities provider’s stock valued at $1,354,989,000 after buying an additional 1,758,132 shares in the last quarter. BlackRock Inc. lifted its position in Entergy by 9.0% in the first quarter. BlackRock Inc. now owns 18,499,101 shares of the utilities provider’s stock valued at $2,159,770,000 after purchasing an additional 1,533,746 shares during the period. State Street Corp lifted its position in Entergy by 8.1% in the first quarter. State Street Corp now owns 12,122,596 shares of the utilities provider’s stock valued at $1,415,313,000 after purchasing an additional 908,932 shares during the period. Mitsubishi UFJ Trust & Banking Corp lifted its position in Entergy by 35.8% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,699,404 shares of the utilities provider’s stock valued at $315,156,000 after purchasing an additional 711,770 shares during the period. Finally, Vanguard Group Inc. lifted its position in Entergy by 2.8% in the first quarter. Vanguard Group Inc. now owns 23,663,740 shares of the utilities provider’s stock valued at $2,762,741,000 after purchasing an additional 650,775 shares during the period. 90.53% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of research firms have recently issued reports on ETR. Morgan Stanley lifted their price target on shares of Entergy from $106.00 to $115.00 and gave the company an “underweight” rating in a research report on Tuesday, August 23rd. Wells Fargo & Company boosted their price objective on shares of Entergy from $125.00 to $138.00 and gave the company an “overweight” rating in a research note on Thursday, August 4th. Credit Suisse Group lowered 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. Evercore ISI upped their price target on shares of Entergy to $130.00 in a research report on Tuesday, August 9th. Finally, UBS Group lowered shares of Entergy from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $134.00 to $128.00 in a report on Tuesday, September 6th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $125.43.
Entergy Price Performance
Entergy (NYSE:ETR – Get Rating) last released its quarterly earnings data on Wednesday, August 3rd. The utilities provider reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.42. Entergy had a return on equity of 11.07% and a net margin of 9.92%. During the same quarter last year, the company earned $1.34 earnings per share. On average, analysts predict that Entergy Co. will post 6.38 EPS for the current year.
Entergy Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Thursday, August 11th were paid a $1.01 dividend. The ex-dividend date of this dividend was Wednesday, August 10th. This represents a $4.04 annualized dividend and a yield of 3.53%. Entergy’s dividend payout ratio (DPR) is presently 66.78%.
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.
- Get a free copy of the StockNews.com research report on Entergy (ETR)
- 3 Airline Stocks Stuck in a Holding Pattern
- Roku Stock is Down but Not Out
- Is Ford Rolling To A Rebound After Its Q3 Warning
- If You’re Hungry for Value, Take a Bite on Ruth’s Hospitality Grp
- Has AMD stock stock fallen too far?
Receive News & Ratings for Entergy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Entergy and related companies with MarketBeat.com's FREE daily email newsletter.