Dean Investment Associates LLC Has $3.70 Million Stock Position in Entergy Corporation (NYSE:ETR)

Dean Investment Associates LLC increased its position in Entergy Corporation (NYSE:ETR - Free Report) by 54.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 48,837 shares of the utilities provider's stock after acquiring an additional 17,200 shares during the quarter. Dean Investment Associates LLC's holdings in Entergy were worth $3,703,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in ETR. Hall Laurie J Trustee boosted its holdings in Entergy by 50.0% during the 4th quarter. Hall Laurie J Trustee now owns 450 shares of the utilities provider's stock valued at $34,000 after acquiring an additional 150 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in Entergy by 0.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 29,336 shares of the utilities provider's stock worth $2,224,000 after acquiring an additional 162 shares in the last quarter. NBT Bank N A NY increased its position in Entergy by 100.0% during the 4th 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 in the last quarter. Fortis Group Advisors LLC grew its position 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 during the last quarter. Finally, Legacy Investment Solutions LLC increased its position in shares of Entergy by 85.1% during the fourth quarter. Legacy Investment Solutions LLC now owns 374 shares of the utilities provider's stock valued at $31,000 after acquiring an additional 172 shares in the last quarter. Institutional investors own 88.07% of the company's stock.

Entergy Price Performance

Shares of NYSE:ETR traded up $2.52 during trading hours on Tuesday, hitting $83.03. 1,288,372 shares of the company's stock traded hands, compared to its average volume of 3,680,006. Entergy Corporation has a 52 week low of $51.75 and a 52 week high of $88.38. The company has a market cap of $35.76 billion, a price-to-earnings ratio of 34.10, a price-to-earnings-growth ratio of 2.34 and a beta of 0.56. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.59 and a current ratio of 0.72. The company's fifty day simple moving average is $83.49 and its two-hundred day simple moving average is $78.04.

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 (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 analyst estimates of $3.24 billion. Entergy had a net margin of 8.90% and a return on equity of 10.68%. During the same period in the prior year, the firm earned $0.26 earnings per share. As a group, equities analysts anticipate that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Friday, May 2nd will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $2.40 annualized dividend and a yield of 2.89%. Entergy's dividend payout ratio is currently 98.77%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on ETR shares. BMO Capital Markets cut their price target on Entergy from $94.00 to $89.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. JPMorgan Chase & Co. increased 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. Scotiabank cut their price objective on shares of Entergy from $165.00 to $82.00 and set a "sector perform" rating on the stock in a research report on Tuesday, January 7th. LADENBURG THALM/SH SH raised shares of 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. Finally, Morgan Stanley lifted their price objective on Entergy from $75.00 to $78.00 and gave the company an "equal weight" rating in a report on Thursday, March 20th. Six investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $85.25.

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.