Capital International Inc. CA Grows Stake in Entergy Corporation (NYSE:ETR)

Capital International Inc. CA raised its holdings in Entergy Corporation (NYSE:ETR - Free Report) by 152.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 72,676 shares of the utilities provider's stock after buying an additional 43,832 shares during the period. Capital International Inc. CA's holdings in Entergy were worth $5,510,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Legacy Financial Advisors Inc. increased its position in shares of Entergy by 60.0% during the fourth quarter. Legacy Financial Advisors Inc. now owns 16,077 shares of the utilities provider's stock valued at $1,219,000 after acquiring an additional 6,028 shares during the last quarter. Strategic Financial Concepts LLC purchased a new stake in Entergy during the fourth quarter valued at about $4,393,000. Flagship Harbor Advisors LLC boosted its stake in shares of Entergy by 74.3% during the fourth quarter. Flagship Harbor Advisors LLC now owns 7,959 shares of the utilities provider's stock valued at $603,000 after purchasing an additional 3,393 shares during the period. LaFleur & Godfrey LLC bought a new stake in Entergy during the 4th quarter valued at $217,000. Finally, Avior Wealth Management LLC increased its position in shares of Entergy by 324.3% in the fourth quarter. Avior Wealth Management LLC now owns 734 shares of the utilities provider's stock valued at $56,000 after acquiring an additional 561 shares during the period. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Entergy Stock Performance

NYSE:ETR traded up $0.92 during trading hours on Wednesday, hitting $84.20. 3,037,212 shares of the company were exchanged, compared to its average volume of 3,685,705. The stock has a market capitalization of $36.27 billion, a price-to-earnings ratio of 34.58, a PEG ratio of 2.34 and a beta of 0.56. 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. The company's 50 day moving average price is $83.49 and its 200-day moving average price is $78.07.

Entergy (NYSE:ETR - Get Free Report) last posted its quarterly earnings results on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $3.24 billion. During the same quarter in the previous year, the business earned $0.26 EPS. As a group, research analysts forecast that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Friday, May 2nd will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.85%. The ex-dividend date is Friday, May 2nd. Entergy's dividend payout ratio (DPR) is 98.77%.

Analyst Ratings Changes

A number of research analysts have issued reports on ETR shares. JPMorgan Chase & Co. boosted their price objective 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. Morgan Stanley boosted their price target on Entergy from $75.00 to $78.00 and gave the stock an "equal weight" rating in a research note on Thursday, March 20th. Barclays boosted their price objective on shares of Entergy from $79.00 to $88.00 and gave the company an "overweight" rating in a research report on Tuesday, April 8th. Evercore ISI increased their price objective on shares of Entergy from $75.00 to $86.00 and gave the company an "in-line" rating in a report on Wednesday, February 19th. Finally, Wells Fargo & Company upped their target price on shares of Entergy from $85.00 to $97.00 and gave the company an "overweight" rating in a research report on Wednesday, February 19th. Six investment 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. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $85.25.

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.