Forsta AP Fonden decreased its holdings in shares of Entergy Co. (NYSE:ETR – Free Report) by 16.0% throughout the second quarter, in keeping with its most up-to-date 13F submitting with the Securities and Change Fee. The institutional investor owned 90,100 shares of the utilities supplier’s inventory after promoting 17,100 shares throughout the quarter. Forsta AP Fonden’s holdings in Entergy have been price $9,641,000 on the finish of the newest quarter.
Different institutional traders and hedge funds additionally lately purchased and offered shares of the corporate. Capital Worldwide Traders grew its place in shares of Entergy by 64.2% within the first quarter. Capital Worldwide Traders now owns 4,170,045 shares of the utilities supplier’s inventory valued at $440,690,000 after buying a further 1,630,057 shares within the final quarter. Norges Financial institution purchased a brand new place in Entergy within the 4th quarter price about $127,675,000. Confluence Funding Administration LLC purchased a brand new place in Entergy within the 1st quarter price about $92,257,000. Franklin Assets Inc. grew its holdings in Entergy by 25.2% throughout the 4th quarter. Franklin Assets Inc. now owns 3,961,859 shares of the utilities supplier’s inventory valued at $400,901,000 after shopping for a further 796,316 shares within the final quarter. Lastly, ClearBridge Investments Ltd elevated its place in shares of Entergy by 29.3% throughout the fourth quarter. ClearBridge Investments Ltd now owns 3,115,468 shares of the utilities supplier’s inventory valued at $315,254,000 after shopping for a further 706,059 shares throughout the interval. 88.07% of the inventory is owned by institutional traders.
Entergy Inventory Efficiency
Shares of NYSE ETR opened at $127.09 on Friday. The inventory has a market cap of $27.18 billion, a price-to-earnings ratio of 12.75, a P/E/G ratio of two.31 and a beta of 0.73. The inventory’s 50-day transferring common is $116.32 and its 200 day transferring common is $109.85. The corporate has a present ratio of 0.94, a fast ratio of 0.62 and a debt-to-equity ratio of 1.81. Entergy Co. has a 1-year low of $87.10 and a 1-year excessive of $127.34.
Entergy (NYSE:ETR – Get Free Report) final posted its quarterly earnings outcomes on Thursday, August 1st. The utilities supplier reported $1.92 EPS for the quarter, topping the consensus estimate of $1.76 by $0.16. Entergy had a internet margin of 14.75% and a return on fairness of 10.10%. The agency had income of $2.95 billion for the quarter, in comparison with the consensus estimate of $2.98 billion. Throughout the identical interval final 12 months, the agency posted $1.84 earnings per share. On common, sell-side analysts anticipate that Entergy Co. will publish 7.22 EPS for the present fiscal 12 months.
Entergy Declares Dividend
The agency additionally lately declared a quarterly dividend, which was paid on Tuesday, September third. Shareholders of document on Tuesday, August thirteenth got a dividend of $1.13 per share. The ex-dividend date was Tuesday, August thirteenth. This represents a $4.52 annualized dividend and a yield of three.56%. Entergy’s payout ratio is 45.34%.
Analyst Upgrades and Downgrades
Quite a few analysis corporations have lately commented on ETR. Scotiabank raised their worth goal on shares of Entergy from $115.00 to $119.00 and gave the corporate a “sector carry out” ranking in a analysis report on Tuesday, August twentieth. BMO Capital Markets raised their worth goal on shares of Entergy from $124.00 to $131.00 and gave the corporate an “outperform” ranking in a report on Monday, August fifth. Wells Fargo & Firm upped their worth goal on shares of Entergy from $125.00 to $137.00 and gave the inventory an “chubby” ranking in a report on Friday, August 2nd. Morgan Stanley lifted their worth goal on Entergy from $100.00 to $109.00 and gave the corporate an “underweight” ranking in a analysis observe on Friday, August twenty third. Lastly, Barclays decreased their goal worth on Entergy from $116.00 to $115.00 and set an “equal weight” ranking on the inventory in a analysis observe on Monday, July twenty second. One equities analysis analyst has rated the inventory with a promote ranking, 4 have issued a maintain ranking, 9 have assigned a purchase ranking and one has given a powerful purchase ranking to the corporate. In line with information from MarketBeat.com, Entergy has a mean ranking of “Reasonable Purchase” and a mean goal worth of $123.04.
Verify Out Our Newest Evaluation on ETR
Insider Exercise
In different information, CEO Andrew S. Marsh offered 3,200 shares of the enterprise’s inventory in a transaction dated Monday, August fifth. The inventory was offered at a mean worth of $121.46, for a complete worth of $388,672.00. Following the completion of the sale, the chief govt officer now owns 150,731 shares of the corporate’s inventory, valued at roughly $18,307,787.26. The transaction was disclosed in a submitting with the SEC, which is accessible at this hyperlink. In different Entergy information, COO Peter S. Norgeot, Jr. offered 11,472 shares of the agency’s inventory in a transaction on Thursday, August eighth. The shares have been offered at a mean worth of $115.16, for a complete worth of $1,321,115.52. Following the sale, the chief working officer now owns 37,888 shares of the corporate’s inventory, valued at roughly $4,363,182.08. The sale was disclosed in a authorized submitting with the SEC, which is accessible by means of this hyperlink. Additionally, CEO Andrew S. Marsh offered 3,200 shares of the enterprise’s inventory in a transaction dated Monday, August fifth. The shares have been offered at a mean worth of $121.46, for a complete transaction of $388,672.00. Following the completion of the transaction, the chief govt officer now owns 150,731 shares within the firm, valued at roughly $18,307,787.26. The disclosure for this sale may be discovered right here. Over the past three months, insiders have offered 42,888 shares of firm inventory valued at $5,110,766. 0.39% of the inventory is presently owned by insiders.
Entergy Profile
Entergy Company, along with its subsidiaries, engages within the manufacturing and retail distribution of electrical energy in the USA. It generates, transmits, distributes, and sells electrical energy in parts of Arkansas, Louisiana, Mississippi, and Texas, together with the Metropolis of New Orleans; and distributes pure gasoline.
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