BNP Paribas Arbitrage SNC raised its holdings in Entergy Co. (NYSE:ETR – Free Report) by 2.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 344,604 shares of the utilities provider’s stock after acquiring an additional 7,093 shares during the quarter. BNP Paribas Arbitrage SNC owned about 0.16% of Entergy worth $33,554,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake 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 buying an additional 650,775 shares during the period. State Street Corp increased its stake in shares of Entergy by 8.1% in the 1st quarter. State Street Corp now owns 12,122,596 shares of the utilities provider’s stock valued at $1,415,313,000 after acquiring an additional 908,932 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Entergy by 9.0% in the 1st quarter. Bank of America Corp DE now owns 9,045,944 shares of the utilities provider’s stock valued at $974,610,000 after acquiring an additional 745,974 shares during the last quarter. FMR LLC increased its stake in shares of Entergy by 1.7% in the 1st quarter. FMR LLC now owns 6,382,275 shares of the utilities provider’s stock valued at $687,626,000 after acquiring an additional 104,914 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Entergy by 11.9% in the 1st quarter. JPMorgan Chase & Co. now owns 4,664,512 shares of the utilities provider’s stock valued at $502,556,000 after acquiring an additional 497,482 shares during the last quarter. Institutional investors and hedge funds own 86.52% of the company’s stock.
Entergy Price Performance
NYSE:ETR opened at $98.32 on Thursday. Entergy Co. has a one year low of $87.10 and a one year high of $120.78. The company has a market cap of $20.79 billion, a P/E ratio of 14.13, a P/E/G ratio of 2.43 and a beta of 0.67. The firm’s fifty day moving average price is $94.96 and its two-hundred day moving average price is $98.00. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.91 and a quick ratio of 0.65.
Entergy Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Tuesday, November 14th will be given a dividend of $1.13 per share. This is a boost from Entergy’s previous quarterly dividend of $1.07. The ex-dividend date of this dividend is Monday, November 13th. This represents a $4.52 annualized dividend and a yield of 4.60%. Entergy’s dividend payout ratio (DPR) is presently 64.94%.
Insiders Place Their Bets
In other Entergy news, EVP Marcus V. Brown sold 13,500 shares of the stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $95.40, for a total transaction of $1,287,900.00. Following the transaction, the executive vice president now owns 9,251 shares in the company, valued at approximately $882,545.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.37% of the company’s stock.
Analyst Ratings Changes
A number of analysts have recently commented on ETR shares. StockNews.com started coverage on Entergy in a research note on Thursday, October 5th. They issued a “hold” rating for the company. Royal Bank of Canada lowered Entergy from an “outperform” rating to a “sector perform” rating and set a $117.00 price target on the stock. in a research report on Wednesday, November 8th. Morgan Stanley dropped their price target on Entergy from $97.00 to $92.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 25th. Bank of America cut their price target on Entergy from $107.00 to $94.00 in a report on Wednesday, October 11th. Finally, Mizuho cut their price target on Entergy from $113.00 to $105.00 and set a “buy” rating on the stock in a report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $110.17.
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.
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