Bank of Montreal Can Has $50.87 Million Stock Holdings in Entergy Corporation (NYSE:ETR)

Bank of Montreal Can boosted its position in shares of Entergy Corporation (NYSE:ETR - Free Report) by 74.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 670,923 shares of the utilities provider's stock after purchasing an additional 286,005 shares during the period. Bank of Montreal Can owned 0.16% of Entergy worth $50,869,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of ETR. Vanguard Group Inc. lifted its position in shares of Entergy by 101.9% in the fourth quarter. Vanguard Group Inc. now owns 52,133,646 shares of the utilities provider's stock worth $3,952,773,000 after purchasing an additional 26,312,267 shares in the last quarter. FMR LLC lifted its position in Entergy by 90.7% in the 4th quarter. FMR LLC now owns 12,612,407 shares of the utilities provider's stock worth $956,273,000 after buying an additional 5,998,760 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of Entergy by 66.7% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 11,042,159 shares of the utilities provider's stock valued at $837,216,000 after buying an additional 4,418,528 shares during the period. Geode Capital Management LLC increased its position in Entergy by 106.2% in the 4th quarter. Geode Capital Management LLC now owns 10,236,816 shares of the utilities provider's stock worth $774,103,000 after purchasing an additional 5,271,559 shares during the last quarter. Finally, Franklin Resources Inc. lifted its stake in Entergy by 76.3% in the fourth quarter. Franklin Resources Inc. now owns 10,079,631 shares of the utilities provider's stock valued at $764,238,000 after acquiring an additional 4,360,772 shares during the last quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.

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Entergy Stock Performance

ETR traded up $1.47 during trading on Tuesday, reaching $84.05. 845,681 shares of the company's stock were exchanged, compared to its average volume of 3,683,252. The company has a market capitalization of $36.20 billion, a P/E ratio of 34.51, a PEG ratio of 2.34 and a beta of 0.56. The company has a quick ratio of 0.59, a current ratio of 0.72 and a debt-to-equity ratio of 1.81. Entergy Corporation has a fifty-two week low of $50.19 and a fifty-two week high of $88.38. The business has a 50 day moving average price of $83.48 and a 200 day moving average price of $77.47.

Entergy (NYSE:ETR - Get Free Report) last posted its earnings results on Tuesday, February 18th. The utilities provider reported $0.66 EPS for the quarter, topping the consensus estimate 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 last year, the company earned $0.26 EPS. As a group, analysts predict that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Friday, May 2nd will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date of this dividend is Friday, May 2nd. Entergy's dividend payout ratio (DPR) is currently 98.77%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ETR. BMO Capital Markets reduced their price target on Entergy from $94.00 to $89.00 and set an "outperform" rating for the company in a research report on Friday. Scotiabank lowered their price target on Entergy from $165.00 to $82.00 and set a "sector perform" rating on the stock in a report on Tuesday, January 7th. StockNews.com raised shares of Entergy from a "sell" rating to a "hold" rating in a research report on Sunday, December 29th. Evercore ISI upped their price objective on shares of Entergy from $75.00 to $86.00 and gave the stock an "in-line" rating in a report on Wednesday, February 19th. Finally, Morgan Stanley lifted their target price on shares of Entergy from $75.00 to $78.00 and gave the stock an "equal weight" rating in a report on Thursday, March 20th. 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 stock. According to MarketBeat, Entergy currently has an average rating of "Moderate Buy" and an average 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.