Entergy Corp. (ETR) Shares Bought by Adams Asset Advisors LLC
Adams Asset Advisors LLC raised its stake in Entergy Corp. (NYSE:ETR) by 0.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 76,259 shares of the company’s stock after buying an additional 48 shares during the period. Entergy Corp. comprises approximately 0.8% of Adams Asset Advisors LLC’s holdings, making the stock its 19th largest position. Adams Asset Advisors LLC’s holdings in Entergy Corp. were worth $5,851,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also modified their holdings of ETR. Iowa State Bank purchased a new stake in Entergy Corp. during the second quarter valued at $103,000. Tower Research Capital LLC TRC boosted its stake in Entergy Corp. by 70.5% in the second quarter. Tower Research Capital LLC TRC now owns 1,928 shares of the company’s stock valued at $157,000 after buying an additional 797 shares during the last quarter. Washington Trust Bank boosted its stake in Entergy Corp. by 11.5% in the second quarter. Washington Trust Bank now owns 1,936 shares of the company’s stock valued at $157,000 after buying an additional 199 shares during the last quarter. Mizuho Asset Management Co. Ltd. boosted its stake in Entergy Corp. by 75.5% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 2,345 shares of the company’s stock valued at $191,000 after buying an additional 1,009 shares during the last quarter. Finally, FUKOKU MUTUAL LIFE INSURANCE Co boosted its stake in Entergy Corp. by 20.0% in the second quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 2,400 shares of the company’s stock valued at $195,000 after buying an additional 400 shares during the last quarter. Institutional investors own 85.21% of the company’s stock.
Shares of Entergy Corp. (NYSE:ETR) traded up 1.51% during trading on Monday, hitting $70.58. The stock had a trading volume of 1,313,128 shares. Entergy Corp. has a 1-year low of $64.18 and a 1-year high of $82.09. The firm’s 50 day moving average is $71.47 and its 200 day moving average is $76.76. The company has a market cap of $12.64 billion, a PE ratio of 9.85 and a beta of 0.40.
Entergy Corp. (NYSE:ETR) last announced its quarterly earnings data on Tuesday, October 25th. The company reported $2.31 earnings per share for the quarter, beating the consensus estimate of $1.96 by $0.35. Entergy Corp. had a return on equity of 15.70% and a net margin of 12.20%. During the same quarter last year, the business earned $1.90 earnings per share. Equities research analysts anticipate that Entergy Corp. will post $6.90 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Thursday, November 10th will be issued a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 5.01%. This is a positive change from Entergy Corp.’s previous quarterly dividend of $0.85. The ex-dividend date is Tuesday, November 8th. Entergy Corp.’s dividend payout ratio is 48.60%.
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Several research firms recently weighed in on ETR. Deutsche Bank AG dropped their price target on Entergy Corp. from $83.00 to $82.00 and set a “hold” rating for the company in a report on Wednesday, August 3rd. Guggenheim raised Entergy Corp. from a “neutral” rating to a “buy” rating and set a $86.00 price target for the company in a report on Monday, August 22nd. Citigroup Inc. dropped their price target on Entergy Corp. from $83.00 to $76.00 and set a “neutral” rating for the company in a report on Tuesday, October 4th. Zacks Investment Research raised Entergy Corp. from a “hold” rating to a “buy” rating and set a $84.00 price target for the company in a report on Friday, October 14th. Finally, Wolfe Research cut Entergy Corp. from a “market perform” rating to an “underperform” rating in a report on Monday, October 24th. Four analysts have rated the stock with a sell rating, six have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $77.80.
About Entergy Corp.
Entergy Corporation is a holding company. The Company is an integrated energy company engaged in electric power production and retail electric distribution operations. It operates through two business segments: Utility and Entergy Wholesale Commodities. The Utility segment includes the generation, transmission, distribution and sale of electric power to retail and wholesale customers in areas of Arkansas, Mississippi, Texas and Louisiana, including the City of New Orleans and operates a natural gas distribution business.
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