Arrow Capital Pty Ltd Purchases Shares of 50,000 Entergy Corporation (NYSE:ETR)

Arrow Capital Pty Ltd acquired a new position in shares of Entergy Corporation (NYSE:ETR - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 50,000 shares of the utilities provider's stock, valued at approximately $3,791,000. Entergy makes up approximately 3.5% of Arrow Capital Pty Ltd's investment portfolio, making the stock its 9th largest position.

Several other large investors have also bought and sold shares of the stock. Fortis Group Advisors LLC raised its position in Entergy by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider's stock worth $26,000 after acquiring an additional 172 shares during the period. NBT Bank N A NY raised its stake in shares of Entergy by 100.0% in the fourth quarter. NBT Bank N A NY now owns 340 shares of the utilities provider's stock valued at $26,000 after buying an additional 170 shares during the period. Duncker Streett & Co. Inc. grew its stake in shares of Entergy by 100.0% during the 4th quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider's stock worth $27,000 after acquiring an additional 179 shares during the period. Sandy Spring Bank increased its holdings in 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 acquiring an additional 179 shares during the last quarter. Finally, Riverview Trust Co lifted its holdings in Entergy by 100.0% during the fourth quarter. Riverview Trust Co now owns 364 shares of the utilities provider's stock valued at $28,000 after purchasing an additional 182 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ETR. JPMorgan Chase & Co. boosted their price target on shares of Entergy from $87.00 to $98.00 and gave the company an "overweight" rating in a research report on Tuesday, March 11th. Wells Fargo & Company raised their price target on 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. UBS Group upped their price target on Entergy from $86.00 to $96.00 and gave the company a "buy" rating in a research report on Friday, March 21st. Finally, Morgan Stanley boosted their price objective on shares of Entergy from $75.00 to $78.00 and gave the company an "equal weight" rating in a research note on Thursday, March 20th. 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 stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $85.25.

Entergy Trading Up 3.1 %

Entergy stock traded up $2.53 during trading hours on Tuesday, reaching $83.04. The stock had a trading volume of 1,288,372 shares, compared to its average volume of 3,680,006. The stock has a market cap of $35.77 billion, a PE ratio of 34.10, a PEG ratio of 2.34 and a beta of 0.56. The company has a fifty day simple moving average of $83.49 and a 200-day simple moving average of $78.04. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.72 and a quick ratio of 0.59. Entergy Corporation has a 52 week low of $51.75 and a 52 week high of $88.38.

Entergy (NYSE:ETR - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The utilities provider reported $0.66 EPS 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 analyst estimates of $3.24 billion. Entergy had a return on equity of 10.68% and a net margin of 8.90%. During the same quarter in the prior year, the company posted $0.26 EPS. Analysts forecast that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Friday, May 2nd will be paid a $0.60 dividend. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $2.40 annualized dividend and a dividend yield of 2.89%. Entergy's payout ratio is 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.