Diametric Capital LP Takes Position in Entergy Corporation (NYSE:ETR)

Diametric Capital LP bought a new stake in Entergy Corporation (NYSE:ETR - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 4,663 shares of the utilities provider's stock, valued at approximately $354,000.

Several other large investors have also modified their holdings of the stock. Hall Laurie J Trustee lifted its holdings in shares of 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 in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Entergy by 0.6% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 29,336 shares of the utilities provider's stock valued at $2,224,000 after acquiring an additional 162 shares during the last quarter. NBT Bank N A NY grew its stake in Entergy by 100.0% in the fourth quarter. NBT Bank N A NY now owns 340 shares of the utilities provider's stock worth $26,000 after purchasing an additional 170 shares in the last quarter. Fortis Group Advisors LLC increased its holdings in Entergy by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider's stock valued at $26,000 after buying an additional 172 shares during the last quarter. Finally, Duncker Streett & Co. Inc. raised its stake in Entergy by 100.0% during the fourth quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider's stock valued at $27,000 after buying an additional 179 shares in the last quarter. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

ETR has been the topic of a number of research reports. StockNews.com raised shares of Entergy from a "sell" rating to a "hold" rating in a report on Sunday, December 29th. BMO Capital Markets raised their target price on shares of Entergy from $79.00 to $94.00 and gave the stock an "outperform" rating in a report on Wednesday, February 19th. Evercore ISI upped their target price on Entergy from $75.00 to $86.00 and gave the company an "in-line" rating in a report on Wednesday, February 19th. Wells Fargo & Company increased their price target on Entergy from $85.00 to $97.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 19th. Finally, JPMorgan Chase & Co. boosted their price objective on Entergy from $87.00 to $98.00 and gave the company an "overweight" rating in a research report on Tuesday, March 11th. Six equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Entergy has a consensus rating of "Moderate Buy" and a consensus target price of $84.75.

Entergy Price Performance

NYSE ETR traded down $6.04 during midday trading on Friday, hitting $79.02. The company had a trading volume of 7,635,243 shares, compared to its average volume of 3,632,198. The company has a market capitalization of $34.04 billion, a PE ratio of 32.45, a P/E/G ratio of 2.34 and a beta of 0.56. Entergy Corporation has a twelve month low of $50.19 and a twelve month high of $88.38. The company has a current ratio of 0.72, a quick ratio of 0.59 and a debt-to-equity ratio of 1.81. The firm has a 50-day moving average price of $83.52 and a 200-day moving average price of $76.60.

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, topping 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 firm had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $3.24 billion. During the same period in the prior year, the company posted $0.26 earnings per share. As a group, analysts anticipate that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Dividend Announcement

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 3.04%. The ex-dividend date of this dividend was Monday, February 10th. Entergy's dividend payout ratio is presently 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.