Jennison Associates LLC increased its stake in shares of Entergy Co. (NYSE:ETR - Free Report) by 24.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,012,083 shares of the utilities provider's stock after buying an additional 198,391 shares during the quarter. Jennison Associates LLC owned 0.47% of Entergy worth $133,200,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in the business. Segall Bryant & Hamill LLC acquired a new position in shares of Entergy in the third quarter valued at about $3,001,000. Prospera Private Wealth LLC increased its position in shares of Entergy by 3.2% during the 3rd quarter. Prospera Private Wealth LLC now owns 5,467 shares of the utilities provider's stock valued at $720,000 after purchasing an additional 170 shares during the last quarter. New Millennium Group LLC lifted its stake in Entergy by 658.2% in the third quarter. New Millennium Group LLC now owns 1,668 shares of the utilities provider's stock worth $219,000 after acquiring an additional 1,448 shares during the period. PNC Financial Services Group Inc. lifted its position in Entergy by 1.2% in the 3rd quarter. PNC Financial Services Group Inc. now owns 89,901 shares of the utilities provider's stock valued at $11,832,000 after acquiring an additional 1,025 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Entergy during the 3rd quarter valued at $564,000. 88.07% of the stock is currently owned by institutional investors and hedge funds.
ETR stock opened at $149.83 on Wednesday. The business's fifty day simple moving average is $136.12 and its two-hundred day simple moving average is $120.78. Entergy Co. has a twelve month low of $96.15 and a twelve month high of $156.85. The firm has a market cap of $32.13 billion, a price-to-earnings ratio of 18.25, a PEG ratio of 2.49 and a beta of 0.71. The company has a quick ratio of 0.59, a current ratio of 0.89 and a debt-to-equity ratio of 1.77.
Entergy (NYSE:ETR - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The utilities provider reported $2.99 earnings per share for the quarter, topping the consensus estimate of $2.91 by $0.08. Entergy had a return on equity of 9.53% and a net margin of 14.83%. The company had revenue of $3.39 billion during the quarter, compared to analyst estimates of $3.46 billion. During the same period in the prior year, the business posted $3.27 earnings per share. Analysts predict that Entergy Co. will post 7.21 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Wednesday, November 13th will be issued a $1.20 dividend. This is a positive change from Entergy's previous quarterly dividend of $1.13. The ex-dividend date is Wednesday, November 13th. This represents a $4.80 annualized dividend and a yield of 3.20%. Entergy's dividend payout ratio (DPR) is presently 58.47%.
In other Entergy news, insider Eliecer Viamontes sold 200 shares of the company's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $147.00, for a total value of $29,400.00. Following the completion of the transaction, the insider now owns 4,173 shares of the company's stock, valued at $613,431. This represents a 4.57 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Haley Fisackerly sold 4,134 shares of the business's stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $149.03, for a total value of $616,090.02. Following the sale, the insider now directly owns 2,016 shares of the company's stock, valued at $300,444.48. This represents a 67.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 40,472 shares of company stock worth $5,076,328 in the last 90 days. 0.54% of the stock is owned by corporate insiders.
Several research analysts recently weighed in on the company. KeyCorp lifted their price target on Entergy from $143.00 to $162.00 and gave the company an "overweight" rating in a research report on Friday, November 1st. Argus raised shares of Entergy to a "strong-buy" rating in a report on Wednesday, August 28th. UBS Group boosted their price objective on Entergy from $143.00 to $144.00 and gave the stock a "buy" rating in a research note on Friday, September 20th. Royal Bank of Canada boosted their target price on shares of Entergy from $137.00 to $140.00 and gave the stock an "outperform" rating in a research report on Monday, October 14th. Finally, StockNews.com upgraded shares of Entergy from a "sell" rating to a "hold" rating in a research report on Saturday, November 9th. Five analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Entergy has a consensus rating of "Moderate Buy" and an average price target of $150.42.
Read Our Latest Research Report on Entergy
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.
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