Commonwealth of Pennsylvania Public School Empls Retrmt SYS Acquires 402,641 Shares of Entergy Corporation (NYSE:ETR)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Entergy Corporation (NYSE:ETR - Free Report) by 99.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 808,283 shares of the utilities provider's stock after acquiring an additional 402,641 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned approximately 0.19% of Entergy worth $61,284,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of ETR. Fortis Group Advisors LLC increased its stake in Entergy by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider's stock valued at $26,000 after purchasing an additional 172 shares in the last quarter. NBT Bank N A NY grew its holdings in shares of Entergy by 100.0% during the fourth quarter. NBT Bank N A NY now owns 340 shares of the utilities provider's stock valued at $26,000 after buying an additional 170 shares during the last quarter. Legacy Investment Solutions LLC bought a new stake in shares of Entergy during the third quarter valued at approximately $27,000. Duncker Streett & Co. Inc. raised its holdings in Entergy by 100.0% in 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. Finally, Sandy Spring Bank lifted its position in Entergy by 100.0% in the 4th quarter. Sandy Spring Bank now owns 358 shares of the utilities provider's stock valued at $27,000 after acquiring an additional 179 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors.

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Entergy Stock Performance

ETR traded up $0.16 during midday trading on Monday, reaching $84.04. The company had a trading volume of 4,836,646 shares, compared to its average volume of 3,338,679. The business has a 50-day moving average of $83.04 and a two-hundred day moving average of $75.32. The company has a quick ratio of 0.59, a current ratio of 0.72 and a debt-to-equity ratio of 1.81. Entergy Corporation has a 1 year low of $50.19 and a 1 year high of $88.38. The company has a market cap of $36.20 billion, a P/E ratio of 34.51, a P/E/G ratio of 2.34 and a beta of 0.68.

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 (EPS) 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 company had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $3.24 billion. During the same period in the previous year, the company posted $0.26 EPS. As a group, equities research analysts predict that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Announces Dividend

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

Analysts Set New Price Targets

A number of analysts have commented on the company. Scotiabank reduced their target price on Entergy from $165.00 to $82.00 and set a "sector perform" rating for the company in a report on Tuesday, January 7th. BMO Capital Markets boosted their target price on Entergy from $79.00 to $94.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 19th. LADENBURG THALM/SH SH raised shares of Entergy from a "neutral" rating to a "buy" rating and set a $86.50 price target on the stock in a report on Thursday, January 30th. UBS Group boosted their price objective on shares of Entergy from $86.00 to $96.00 and gave the company a "buy" rating in a report on Friday. Finally, Wells Fargo & Company increased their price objective 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 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 company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $84.75.

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.