Dimensional Fund Advisors LP Has $133.35 Million Stake in Entergy Corporation (NYSE:ETR)

Dimensional Fund Advisors LP boosted its holdings in Entergy Corporation (NYSE:ETR - Free Report) by 103.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,758,819 shares of the utilities provider's stock after purchasing an additional 893,688 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.41% of Entergy worth $133,354,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Entergy by 101.9% in the fourth quarter. Vanguard Group Inc. now owns 52,133,646 shares of the utilities provider's stock worth $3,952,773,000 after purchasing an additional 26,312,267 shares during the period. FMR LLC boosted its holdings in Entergy by 90.7% in the fourth quarter. FMR LLC now owns 12,612,407 shares of the utilities provider's stock worth $956,273,000 after purchasing an additional 5,998,760 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in Entergy by 66.7% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 11,042,159 shares of the utilities provider's stock worth $837,216,000 after purchasing an additional 4,418,528 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Entergy by 106.2% during the fourth quarter. Geode Capital Management LLC now owns 10,236,816 shares of the utilities provider's stock valued at $774,103,000 after acquiring an additional 5,271,559 shares during the period. Finally, Franklin Resources Inc. grew its position in shares of Entergy by 76.3% during the fourth quarter. Franklin Resources Inc. now owns 10,079,631 shares of the utilities provider's stock worth $764,238,000 after acquiring an additional 4,360,772 shares during the last quarter. Institutional investors and hedge funds own 88.07% of the company's stock.

Entergy Price Performance

NYSE:ETR traded down $1.57 during trading hours on Tuesday, reaching $83.52. 3,931,221 shares of the company's stock were exchanged, compared to its average volume of 3,668,904. The company has a market capitalization of $35.98 billion, a P/E ratio of 34.30, a price-to-earnings-growth ratio of 2.34 and a beta of 0.56. Entergy Corporation has a 12 month low of $52.07 and a 12 month 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 business's 50-day simple moving average is $83.47 and its two-hundred day simple moving average is $78.71.

Entergy (NYSE:ETR - Get Free Report) last issued its earnings results on Tuesday, April 29th. The utilities provider reported $0.82 earnings per share for the quarter, topping analysts' consensus estimates of $0.60 by $0.22. The firm had revenue of $3.02 billion during the quarter, compared to analysts' expectations of $3.13 billion. Entergy had a net margin of 8.90% and a return on equity of 10.68%. During the same period last year, the firm posted $0.54 earnings per share. Sell-side analysts expect that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Friday, May 2nd will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date of this dividend is Friday, May 2nd. Entergy's dividend payout ratio is 98.77%.

Analyst Ratings Changes

ETR has been the topic of several analyst reports. Morgan Stanley restated an "overweight" rating on shares of Entergy in a research note on Wednesday, April 23rd. Wells Fargo & Company raised their price target on shares of Entergy from $85.00 to $97.00 and gave the company an "overweight" rating in a research note on Wednesday, February 19th. LADENBURG THALM/SH SH upgraded shares of Entergy from a "neutral" rating to a "buy" rating and set a $86.50 price target on the stock in a research note on Thursday, January 30th. Scotiabank dropped their price target on shares of Entergy from $165.00 to $82.00 and set a "sector perform" rating on the stock in a research note on Tuesday, January 7th. Finally, Evercore ISI raised 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. Five analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Entergy currently has an average rating of "Moderate Buy" and an average price target of $85.25.

Entergy Company 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.