Capital Research Global Investors Has $483.39 Million Stock Position in Entergy Corporation (NYSE:ETR)

Capital Research Global Investors grew its holdings in Entergy Corporation (NYSE:ETR - Free Report) by 58.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,375,510 shares of the utilities provider's stock after purchasing an additional 2,359,445 shares during the quarter. Capital Research Global Investors owned approximately 1.49% of Entergy worth $483,391,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of ETR. Fortis Group Advisors LLC boosted its position in shares of Entergy by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider's stock worth $26,000 after purchasing an additional 172 shares during the last quarter. NBT Bank N A NY increased its stake in shares of Entergy by 100.0% in the 4th quarter. NBT Bank N A NY now owns 340 shares of the utilities provider's stock valued at $26,000 after acquiring an additional 170 shares during the last quarter. Duncker Streett & Co. Inc. boosted its stake in Entergy by 100.0% during the 4th quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider's stock worth $27,000 after acquiring an additional 179 shares during the last quarter. Sandy Spring Bank increased its stake in Entergy by 100.0% in the fourth quarter. Sandy Spring Bank now owns 358 shares of the utilities provider's stock valued at $27,000 after purchasing an additional 179 shares in the last quarter. Finally, Riverview Trust Co raised its holdings in Entergy by 100.0% in the fourth quarter. Riverview Trust Co now owns 364 shares of the utilities provider's stock worth $28,000 after purchasing an additional 182 shares during the period. 88.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ETR. Morgan Stanley upped their price objective on shares of Entergy from $75.00 to $78.00 and gave the company an "equal weight" rating in a research report on Thursday, March 20th. Evercore ISI boosted their price objective on Entergy from $75.00 to $86.00 and gave the company an "in-line" rating in a research report on Wednesday, February 19th. StockNews.com upgraded shares of Entergy from a "sell" rating to a "hold" rating in a report on Sunday, December 29th. BMO Capital Markets reduced their price target on shares of Entergy from $94.00 to $89.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Finally, Barclays raised their price objective on shares of Entergy from $79.00 to $88.00 and gave the stock an "overweight" rating in a report on Tuesday, April 8th. Six analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $85.25.

Entergy Stock Up 1.1 %

Shares of NYSE ETR traded up $0.92 during trading hours on Wednesday, hitting $84.20. The company had a trading volume of 3,037,212 shares, compared to its average volume of 3,685,705. Entergy Corporation has a 1-year low of $51.75 and a 1-year high of $88.38. The company has a quick ratio of 0.59, a current ratio of 0.72 and a debt-to-equity ratio of 1.81. The firm's 50 day moving average is $83.49 and its 200-day moving average is $78.07. The stock has a market capitalization of $36.27 billion, a P/E ratio of 34.58, a price-to-earnings-growth ratio of 2.34 and a beta of 0.56.

Entergy (NYSE:ETR - Get Free Report) last announced 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 net margin of 8.90% and a return on equity of 10.68%. The company 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 firm posted $0.26 EPS. On average, analysts expect that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders 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 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.