Advisors Asset Management Inc. Grows Position in Entergy Corporation (NYSE:ETR)

Advisors Asset Management Inc. raised its position in Entergy Corporation (NYSE:ETR - Free Report) by 125.3% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 89,028 shares of the utilities provider's stock after purchasing an additional 49,516 shares during the period. Advisors Asset Management Inc.'s holdings in Entergy were worth $6,750,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ETR. State Street Corp lifted its stake in shares of Entergy by 1.1% in the third quarter. State Street Corp now owns 11,408,776 shares of the utilities provider's stock worth $1,501,509,000 after buying an additional 128,667 shares in the last quarter. FMR LLC lifted its stake in Entergy by 5.0% in the 3rd quarter. FMR LLC now owns 6,613,647 shares of the utilities provider's stock worth $870,422,000 after purchasing an additional 315,750 shares in the last quarter. Franklin Resources Inc. lifted its stake in Entergy by 53.0% in the 3rd quarter. Franklin Resources Inc. now owns 5,718,859 shares of the utilities provider's stock worth $754,318,000 after purchasing an additional 1,981,611 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Entergy by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 4,965,257 shares of the utilities provider's stock worth $651,206,000 after purchasing an additional 37,279 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Entergy by 60.6% in the third quarter. JPMorgan Chase & Co. now owns 3,589,727 shares of the utilities provider's stock valued at $472,444,000 after purchasing an additional 1,354,355 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company's stock.

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Entergy Trading Down 1.1 %

Shares of NYSE ETR traded down $0.90 during trading on Friday, reaching $83.74. The stock had a trading volume of 9,132,300 shares, compared to its average volume of 3,332,663. 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 company has a market cap of $36.04 billion, a P/E ratio of 34.39, a PEG ratio of 2.34 and a beta of 0.68. Entergy Corporation has a fifty-two week low of $50.19 and a fifty-two week high of $88.38. The business's 50-day moving average price is $82.90 and its 200-day moving average price is $75.06.

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

Entergy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 10th were given a $0.60 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $2.40 annualized dividend and a yield of 2.87%. Entergy's dividend payout ratio is presently 98.77%.

Analyst Ratings Changes

ETR has been the topic of a number of analyst reports. Evercore ISI lifted their price objective on Entergy from $75.00 to $86.00 and gave the stock an "in-line" rating in a research report on Wednesday, February 19th. BMO Capital Markets lifted their price target on Entergy from $79.00 to $94.00 and gave the stock an "outperform" rating in a report on Wednesday, February 19th. JPMorgan Chase & Co. upped their price objective on shares of Entergy from $87.00 to $98.00 and gave the company an "overweight" rating in a report on Tuesday, March 11th. Scotiabank reduced their target price on shares of Entergy from $165.00 to $82.00 and set a "sector perform" rating on the stock in a research note on Tuesday, January 7th. Finally, UBS Group increased their price target on shares of Entergy from $86.00 to $96.00 and gave the company a "buy" rating in a research note on Friday. Six analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $84.75.

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.