Adage Capital Partners GP L.L.C. Has $37.96 Million Stock Holdings in Entergy Corporation (NYSE:ETR)

Adage Capital Partners GP L.L.C. raised its stake in shares of Entergy Corporation (NYSE:ETR - Free Report) by 148.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 500,604 shares of the utilities provider's stock after acquiring an additional 299,102 shares during the quarter. Adage Capital Partners GP L.L.C. owned approximately 0.12% of Entergy worth $37,956,000 at the end of the most recent quarter.

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

Entergy Price Performance

ETR stock traded up $0.49 during trading on Monday, hitting $85.10. The stock had a trading volume of 3,018,592 shares, compared to its average volume of 3,667,854. Entergy Corporation has a twelve month low of $52.07 and a twelve month high of $88.38. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.72 and a quick ratio of 0.59. The company's 50-day moving average price is $83.51 and its two-hundred day moving average price is $78.57. The stock has a market capitalization of $36.66 billion, a P/E ratio of 34.95, a PEG ratio of 2.34 and a beta of 0.56.

Entergy (NYSE:ETR - Get Free Report) last announced its quarterly earnings results on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share for the quarter, beating analysts' consensus estimates of $0.63 by $0.03. The business 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 business earned $0.26 earnings per share. As a group, research analysts predict that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Friday, May 2nd will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date of this dividend is Friday, May 2nd. Entergy's dividend payout ratio is presently 98.77%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on ETR shares. StockNews.com upgraded Entergy from a "sell" rating to a "hold" rating in a report on Sunday, December 29th. Barclays boosted their price objective on shares of Entergy from $79.00 to $88.00 and gave the company an "overweight" rating in a report on Tuesday, April 8th. UBS Group raised their target price on Entergy from $86.00 to $96.00 and gave the company a "buy" rating in a report on Friday, March 21st. Morgan Stanley restated an "overweight" rating on shares of Entergy in a report on Wednesday, April 23rd. Finally, Scotiabank lowered their target price on shares of Entergy from $165.00 to $82.00 and set a "sector perform" rating for the company in a research note on Tuesday, January 7th. Five investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $85.25.

Entergy 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.