Deutsche Bank AG Has $109.52 Million Stock Holdings in Entergy Corporation (NYSE:ETR)

Deutsche Bank AG increased its holdings in shares of Entergy Corporation (NYSE:ETR) by 128.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,444,500 shares of the utilities provider’s stock after acquiring an additional 813,319 shares during the period. Deutsche Bank AG’s holdings in Entergy were worth $109,522,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. NBT Bank N A NY boosted its holdings in Entergy by 100.0% during the fourth quarter. NBT Bank N A NY now owns 340 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 170 shares in the last quarter. Fortis Group Advisors LLC lifted its position in shares of Entergy by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider’s stock worth $26,000 after buying an additional 172 shares during the period. Duncker Streett & Co. Inc. boosted its stake in Entergy by 100.0% in the 4th quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider’s stock valued at $27,000 after buying an additional 179 shares in the last quarter. Sandy Spring Bank grew its position in Entergy by 100.0% in the fourth quarter. Sandy Spring Bank now owns 358 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 179 shares during the period. Finally, Riverview Trust Co raised its stake in Entergy by 100.0% during the fourth quarter. Riverview Trust Co now owns 364 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 182 shares in the last quarter. Institutional investors own 88.07% of the company’s stock.

Entergy Price Performance

Shares of ETR stock opened at $82.86 on Friday. The firm has a market cap of $35.69 billion, a price-to-earnings ratio of 34.03, a PEG ratio of 2.34 and a beta of 0.62. Entergy Corporation has a 12 month low of $52.07 and a 12 month high of $88.38. The company has a quick ratio of 0.59, a current ratio of 0.72 and a debt-to-equity ratio of 1.81. The stock has a 50-day moving average price of $83.07 and a 200 day moving average price of $79.66.

Entergy (NYSE:ETR) last issued its quarterly earnings results on Tuesday, April 29th. The utilities provider reported $0.82 EPS for the quarter, topping the consensus estimate of $0.60 by $0.22. Entergy had a net margin of 8.90% and a return on equity of 10.68%. The company had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $3.13 billion. During the same quarter in the previous year, the company earned $0.54 EPS. Research analysts expect that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Friday, May 2nd will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date is Friday, May 2nd. Entergy’s dividend payout ratio (DPR) is currently 77.92%.

Analyst Upgrades and Downgrades

ETR has been the topic of several recent analyst reports. Wells Fargo & Company boosted their target price on shares of Entergy from $85.00 to $97.00 and gave the company an “overweight” rating in a research note on Wednesday, February 19th. LADENBURG THALM/SH SH upgraded shares of Entergy from a “neutral” rating to a “buy” rating and set a $86.50 price target on the stock in a research report on Thursday, January 30th. Evercore ISI raised their price objective on shares of Entergy from $75.00 to $86.00 and gave the stock an “in-line” rating in a report on Wednesday, February 19th. Barclays boosted their target price on Entergy from $88.00 to $91.00 and gave the stock an “overweight” rating in a report on Thursday, May 1st. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Entergy in a report on Wednesday, April 23rd. Five analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $85.75.

About 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.