Cibc World Markets Corp Purchases 38,596 Shares of Entergy Corporation (NYSE:ETR)

Cibc World Markets Corp boosted its holdings in shares of Entergy Corporation (NYSE:ETR - Free Report) by 133.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 67,599 shares of the utilities provider's stock after buying an additional 38,596 shares during the quarter. Cibc World Markets Corp's holdings in Entergy were worth $5,125,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of ETR. Signature Wealth Management Group increased its holdings in shares of Entergy by 83.3% during the 4th quarter. Signature Wealth Management Group now owns 66,845 shares of the utilities provider's stock worth $5,068,000 after acquiring an additional 30,376 shares during the last quarter. Glenview Trust co boosted its position in Entergy by 98.5% during the fourth quarter. Glenview Trust co now owns 4,288 shares of the utilities provider's stock worth $325,000 after purchasing an additional 2,128 shares during the period. Harbour Investments Inc. increased its holdings in shares of Entergy by 126.1% in the fourth quarter. Harbour Investments Inc. now owns 2,098 shares of the utilities provider's stock valued at $159,000 after purchasing an additional 1,170 shares during the last quarter. Corient Private Wealth LLC raised its position in shares of Entergy by 111.2% in the fourth quarter. Corient Private Wealth LLC now owns 148,790 shares of the utilities provider's stock valued at $11,281,000 after purchasing an additional 78,348 shares during the period. Finally, Envestnet Portfolio Solutions Inc. lifted its stake in shares of Entergy by 60.3% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 47,325 shares of the utilities provider's stock worth $3,588,000 after buying an additional 17,794 shares during the last quarter. Institutional investors and hedge funds own 88.07% of the company's stock.

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Analyst Ratings Changes

ETR has been the topic of a number of research reports. Evercore ISI upped their price target on shares of Entergy from $75.00 to $86.00 and gave the company an "in-line" rating in a research note on Wednesday, February 19th. KeyCorp downgraded Entergy from an "overweight" rating to a "sector weight" rating in a research report on Wednesday, December 4th. Morgan Stanley lifted their price target on Entergy from $75.00 to $78.00 and gave the stock an "equal weight" rating in a report on Thursday. StockNews.com raised Entergy from a "sell" rating to a "hold" rating in a report on Sunday, December 29th. Finally, Scotiabank reduced their target price on shares of Entergy from $165.00 to $82.00 and set a "sector perform" rating for the company in a research report on Tuesday, January 7th. Six equities 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 data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $84.75.

Entergy Price Performance

Shares of NYSE ETR traded up $0.16 during trading hours on Monday, hitting $84.04. 4,836,641 shares of the stock were exchanged, compared to its average volume of 3,338,679. The company's fifty day simple moving average is $82.90 and its two-hundred day simple moving average is $75.16. The company has a market cap of $36.20 billion, a PE ratio of 34.51, a price-to-earnings-growth ratio of 2.34 and a beta of 0.68. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.59 and a current ratio of 0.72. Entergy Corporation has a 1-year low of $50.19 and a 1-year high of $88.38.

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

Entergy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 10th were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date was Monday, February 10th. Entergy's dividend payout ratio is presently 98.77%.

About Entergy

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.