Canada Post Corp Registered Pension Plan Makes New $503,000 Investment in Entergy Corporation (NYSE:ETR)

Canada Post Corp Registered Pension Plan purchased a new position in shares of Entergy Corporation (NYSE:ETR - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,634 shares of the utilities provider's stock, valued at approximately $503,000.

Other institutional investors also recently made changes to their positions in the company. Orion Portfolio Solutions LLC lifted its holdings in Entergy by 5.3% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 4,308 shares of the utilities provider's stock valued at $567,000 after purchasing an additional 216 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Entergy in the third quarter valued at approximately $175,000. Synovus Financial Corp lifted its stake in shares of Entergy by 78.3% during the third quarter. Synovus Financial Corp now owns 4,269 shares of the utilities provider's stock valued at $562,000 after buying an additional 1,875 shares during the period. Peapack Gladstone Financial Corp grew its stake in Entergy by 181.5% in the 3rd quarter. Peapack Gladstone Financial Corp now owns 14,310 shares of the utilities provider's stock worth $1,884,000 after acquiring an additional 9,227 shares during the period. Finally, Franklin Resources Inc. raised its holdings in Entergy by 53.0% in the 3rd quarter. Franklin Resources Inc. now owns 5,718,859 shares of the utilities provider's stock valued at $754,318,000 after acquiring an additional 1,981,611 shares during the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ETR. LADENBURG THALM/SH SH raised Entergy from a "neutral" rating to a "buy" rating and set a $86.50 price objective for the company in a research report on Thursday, January 30th. JPMorgan Chase & Co. increased their price objective on shares of Entergy from $87.00 to $98.00 and gave the stock an "overweight" rating in a report on Tuesday, March 11th. UBS Group boosted their target price on shares of Entergy from $86.00 to $96.00 and gave the company a "buy" rating in a report on Friday, March 21st. Morgan Stanley upped their price objective on Entergy from $75.00 to $78.00 and gave the stock an "equal weight" rating in a report on Thursday, March 20th. Finally, StockNews.com upgraded shares of Entergy from a "sell" rating to a "hold" rating in a research note on Sunday, December 29th. Six investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $85.25.

Entergy Trading Down 2.2 %

Entergy stock traded down $1.82 during mid-day trading on Monday, hitting $81.45. The stock had a trading volume of 229,550 shares, compared to its average volume of 3,677,525. The company has a current ratio of 0.72, a quick ratio of 0.59 and a debt-to-equity ratio of 1.81. The stock has a market capitalization of $35.09 billion, a PE ratio of 33.45, a P/E/G ratio of 2.34 and a beta of 0.56. The stock has a 50-day simple moving average of $83.54 and a two-hundred day simple moving average of $77.94. Entergy Corporation has a 12 month low of $51.75 and a 12 month high of $88.38.

Entergy (NYSE:ETR - Get Free Report) last posted its earnings results on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.63 by $0.03. The business had revenue of $2.74 billion during the quarter, compared to analysts' expectations of $3.24 billion. Entergy had a return on equity of 10.68% and a net margin of 8.90%. During the same period in the prior year, the business earned $0.26 EPS. As a group, sell-side analysts forecast that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Friday, May 2nd will be given a dividend of $0.60 per share. The ex-dividend date is Friday, May 2nd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.95%. 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.