APG Asset Management N.V. Has $16.90 Million Holdings in Entergy Corporation (NYSE:ETR)

APG Asset Management N.V. trimmed its position in Entergy Corporation (NYSE:ETR - Free Report) by 49.2% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 230,800 shares of the utilities provider's stock after selling 223,423 shares during the period. APG Asset Management N.V. owned 0.05% of Entergy worth $16,899,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ETR. Fortis Group Advisors LLC increased its holdings in shares of Entergy by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider's stock valued at $26,000 after acquiring an additional 172 shares during the last quarter. NBT Bank N A NY increased its stake 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 during the last quarter. Duncker Streett & Co. Inc. raised its holdings in shares of Entergy by 100.0% during the fourth quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider's stock worth $27,000 after purchasing an additional 179 shares during the period. Sandy Spring Bank lifted its position in shares of Entergy by 100.0% in the 4th quarter. Sandy Spring Bank now owns 358 shares of the utilities provider's stock worth $27,000 after buying an additional 179 shares during the last quarter. Finally, Riverview Trust Co boosted its holdings in shares of Entergy by 100.0% in the 4th quarter. Riverview Trust Co now owns 364 shares of the utilities provider's stock valued at $28,000 after buying an additional 182 shares during the period. 88.07% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

ETR has been the topic of a number of recent research reports. Wells Fargo & Company raised their target price on shares of Entergy from $85.00 to $97.00 and gave the stock an "overweight" rating in a report on Wednesday, February 19th. StockNews.com raised Entergy from a "sell" rating to a "hold" rating in a report on Sunday, December 29th. Scotiabank lowered their price objective on Entergy from $165.00 to $82.00 and set a "sector perform" rating for the company in a research note on Tuesday, January 7th. Barclays raised their target price on Entergy from $79.00 to $88.00 and gave the company an "overweight" rating in a research note on Tuesday, April 8th. Finally, Evercore ISI upped their price target on shares of Entergy from $75.00 to $86.00 and gave the stock an "in-line" rating in a research report on Wednesday, February 19th. Six research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $85.25.

Entergy Price Performance

NYSE:ETR traded up $1.41 during midday trading on Tuesday, hitting $83.99. 1,095,783 shares of the stock were exchanged, compared to its average volume of 3,684,008. The company has a market capitalization of $36.18 billion, a price-to-earnings ratio of 34.49, a P/E/G ratio of 2.34 and a beta of 0.56. The company has a current ratio of 0.72, a quick ratio of 0.59 and a debt-to-equity ratio of 1.81. Entergy Corporation has a one year low of $50.19 and a one year high of $88.38. The business has a 50-day moving average price of $83.48 and a two-hundred day moving average price of $77.47.

Entergy (NYSE:ETR - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The utilities provider reported $0.66 EPS for the quarter, topping analysts' consensus estimates of $0.63 by $0.03. Entergy had a return on equity of 10.68% and a net margin of 8.90%. The company had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $3.24 billion. During the same quarter in the previous year, the business earned $0.26 EPS. Sell-side analysts predict that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Friday, May 2nd will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.86%. The ex-dividend date of this dividend is Friday, May 2nd. Entergy's dividend payout ratio is presently 98.77%.

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.