B. Metzler seel. Sohn & Co. AG Buys 4,284 Shares of Entergy Corporation (NYSE:ETR)

B. Metzler seel. Sohn & Co. AG raised its holdings in Entergy Corporation (NYSE:ETR - Free Report) by 100.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,568 shares of the utilities provider's stock after buying an additional 4,284 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in Entergy were worth $650,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Strategic Financial Concepts LLC acquired a new stake in shares of Entergy during the 4th quarter worth approximately $4,393,000. Flagship Harbor Advisors LLC boosted its stake in Entergy by 74.3% during the fourth quarter. Flagship Harbor Advisors LLC now owns 7,959 shares of the utilities provider's stock worth $603,000 after buying an additional 3,393 shares in the last quarter. LaFleur & Godfrey LLC acquired a new stake in Entergy during the fourth quarter worth $217,000. Avior Wealth Management LLC increased its holdings in Entergy by 324.3% in the 4th quarter. Avior Wealth Management LLC now owns 734 shares of the utilities provider's stock valued at $56,000 after buying an additional 561 shares during the period. Finally, Braun Stacey Associates Inc. raised its stake in shares of Entergy by 88.8% in the 4th quarter. Braun Stacey Associates Inc. now owns 360,502 shares of the utilities provider's stock valued at $27,333,000 after buying an additional 169,511 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Entergy Trading Down 1.2 %

Shares of Entergy stock traded down $0.95 on Thursday, hitting $79.57. 694,784 shares of the company's stock traded hands, compared to its average volume of 3,670,298. The firm's 50-day moving average price is $83.51 and its two-hundred day moving average price is $77.04. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.72 and a quick ratio of 0.59. The stock has a market capitalization of $34.27 billion, a PE ratio of 32.81, a price-to-earnings-growth ratio of 2.34 and a beta of 0.56. Entergy Corporation has a one year low of $50.19 and a one year high of $88.38.

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Entergy (NYSE:ETR - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The utilities provider reported $0.66 EPS for the quarter, beating 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 business had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $3.24 billion. During the same quarter in the prior year, the company posted $0.26 earnings per share. On average, research analysts expect that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Friday, May 2nd will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 3.02%. The ex-dividend date is Friday, May 2nd. Entergy's payout ratio is presently 98.77%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ETR. LADENBURG THALM/SH SH raised shares of Entergy from a "neutral" rating to a "buy" rating and set a $86.50 target price on the stock in a research note on Thursday, January 30th. Wells Fargo & Company increased their target price 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 research note on Sunday, December 29th. UBS Group increased their price objective on Entergy from $86.00 to $96.00 and gave the stock a "buy" rating in a research note on Friday, March 21st. Finally, 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. Six research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Entergy has an average rating of "Moderate Buy" and an average price target of $85.61.

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.