Duff & Phelps Investment Management Co. Boosts Holdings in Entergy Corporation (NYSE:ETR)

Duff & Phelps Investment Management Co. raised its position in shares of Entergy Corporation (NYSE:ETR) by 117.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,563,177 shares of the utilities provider’s stock after buying an additional 843,752 shares during the quarter. Entergy comprises 1.4% of Duff & Phelps Investment Management Co.’s portfolio, making the stock its 21st biggest holding. Duff & Phelps Investment Management Co. owned approximately 0.36% of Entergy worth $118,520,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the business. Norges Bank purchased a new position in shares of Entergy during the fourth quarter valued at $259,944,000. Blair William & Co. IL raised its position in Entergy by 137.1% during the fourth quarter. Blair William & Co. IL now owns 21,297 shares of the utilities provider’s stock worth $1,615,000 after acquiring an additional 12,315 shares during the period. Providence Wealth Advisors LLC grew its stake in Entergy by 249.8% during the 4th quarter. Providence Wealth Advisors LLC now owns 7,006 shares of the utilities provider’s stock valued at $526,000 after acquiring an additional 5,003 shares in the last quarter. Loomis Sayles & Co. L P purchased a new stake in Entergy in the fourth quarter valued at $101,000. Finally, Delta Asset Management LLC TN boosted its holdings in Entergy by 87.3% during the 4th quarter. Delta Asset Management LLC TN now owns 1,006 shares of the utilities provider’s stock valued at $76,000 after acquiring an additional 469 shares during the period. Institutional investors own 88.07% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on ETR shares. BMO Capital Markets increased their price objective on Entergy from $79.00 to $94.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. JPMorgan Chase & Co. raised their price objective on Entergy from $87.00 to $98.00 and gave the company an “overweight” rating in a research report on Tuesday, March 11th. Morgan Stanley lifted their price target on shares of Entergy from $75.00 to $78.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 20th. UBS Group increased their price objective on shares of Entergy from $86.00 to $96.00 and gave the stock a “buy” rating in a research note on Friday, March 21st. Finally, Wells Fargo & Company increased their target price on shares of Entergy from $85.00 to $97.00 and gave the company an “overweight” rating in a research report on Wednesday, February 19th. Six analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $84.75.

Entergy Trading Down 0.2 %

Shares of ETR stock opened at $83.96 on Friday. Entergy Corporation has a 52-week low of $50.19 and a 52-week high of $88.38. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.59 and a current ratio of 0.72. The business’s fifty day moving average is $83.30 and its 200 day moving average is $75.59. The company has a market capitalization of $36.17 billion, a PE ratio of 34.48, a price-to-earnings-growth ratio of 2.34 and a beta of 0.68.

Entergy (NYSE:ETR) last issued its quarterly earnings results on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.03. The company had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $3.24 billion. Entergy had a net margin of 8.90% and a return on equity of 10.68%. During the same period last year, the company posted $0.26 EPS. On average, equities research analysts anticipate that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 10th were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $2.40 dividend on an annualized basis and a yield of 2.86%. Entergy’s payout ratio is 98.77%.

Entergy Company Profile

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.