Boston Partners Has $243.87 Million Stock Position in Entergy Corporation (NYSE:ETR)

Boston Partners lifted its position in Entergy Corporation (NYSE:ETR - Free Report) by 87.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,215,746 shares of the utilities provider's stock after buying an additional 1,498,693 shares during the period. Boston Partners owned approximately 0.75% of Entergy worth $243,867,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Oppenheimer Asset Management Inc. raised its holdings in shares of Entergy by 21.6% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 2,971 shares of the utilities provider's stock worth $391,000 after purchasing an additional 528 shares in the last quarter. Oppenheimer & Co. Inc. increased its stake in Entergy by 14.8% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 7,957 shares of the utilities provider's stock worth $1,047,000 after purchasing an additional 1,023 shares in the last quarter. OneDigital Investment Advisors LLC raised its holdings in Entergy by 2.1% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 3,427 shares of the utilities provider's stock worth $451,000 after buying an additional 69 shares during the period. Empowered Funds LLC boosted its holdings in shares of Entergy by 40.7% in the third quarter. Empowered Funds LLC now owns 18,597 shares of the utilities provider's stock worth $2,448,000 after buying an additional 5,381 shares during the period. Finally, Mutual of America Capital Management LLC lifted its position in shares of Entergy by 13.0% in the 3rd quarter. Mutual of America Capital Management LLC now owns 55,487 shares of the utilities provider's stock valued at $7,303,000 after acquiring an additional 6,377 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors.

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Entergy Stock Performance

ETR stock traded down $0.90 during trading on Friday, reaching $83.74. 9,132,300 shares of the stock were exchanged, compared to its average volume of 3,332,663. Entergy Corporation has a twelve month low of $50.19 and a twelve month high of $88.38. The company has a market capitalization of $36.04 billion, a P/E ratio of 34.39, a price-to-earnings-growth ratio of 2.34 and a beta of 0.68. The stock has a 50 day simple moving average of $82.90 and a 200-day simple moving average of $75.06. 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 (NYSE:ETR - Get Free Report) last announced its quarterly earnings data on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share 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 company had revenue of $2.74 billion for the quarter, compared to analyst estimates of $3.24 billion. During the same quarter last year, the firm earned $0.26 EPS. As a group, sell-side analysts anticipate that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 10th were given a dividend of $0.60 per share. The ex-dividend date was Monday, February 10th. This represents a $2.40 annualized dividend and a dividend yield of 2.87%. Entergy's dividend payout ratio (DPR) is currently 98.77%.

Analyst Upgrades and Downgrades

ETR has been the topic of a number of research reports. Scotiabank dropped their price target 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. BMO Capital Markets increased their price objective on Entergy from $79.00 to $94.00 and gave the stock an "outperform" rating in a report on Wednesday, February 19th. Evercore ISI increased their target price 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. Wells Fargo & Company increased their price objective on Entergy from $85.00 to $97.00 and gave the company an "overweight" rating in a report on Wednesday, February 19th. Finally, StockNews.com upgraded Entergy from a "sell" rating to a "hold" rating in a report on Sunday, December 29th. Six analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $84.75.

Entergy Company 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.