DRW Securities LLC Has $11.86 Million Stock Position in Entergy Corporation (NYSE:ETR)

DRW Securities LLC increased its stake in Entergy Corporation (NYSE:ETR - Free Report) by 1,410.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 156,370 shares of the utilities provider's stock after purchasing an additional 146,016 shares during the quarter. Entergy makes up 0.4% of DRW Securities LLC's investment portfolio, making the stock its 26th largest holding. DRW Securities LLC's holdings in Entergy were worth $11,856,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of ETR. Vanguard Group Inc. boosted its holdings in shares of Entergy by 101.9% during 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 grew its holdings in shares of Entergy by 90.7% during the 4th quarter. FMR LLC now owns 12,612,407 shares of the utilities provider's stock valued at $956,273,000 after acquiring an additional 5,998,760 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Entergy by 106.2% in the fourth quarter. Geode Capital Management LLC now owns 10,236,816 shares of the utilities provider's stock worth $774,103,000 after acquiring an additional 5,271,559 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in shares of Entergy by 66.7% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 11,042,159 shares of the utilities provider's stock valued at $837,216,000 after purchasing an additional 4,418,528 shares in the last quarter. Finally, Franklin Resources Inc. boosted its holdings in Entergy by 76.3% in the fourth quarter. Franklin Resources Inc. now owns 10,079,631 shares of the utilities provider's stock worth $764,238,000 after purchasing an additional 4,360,772 shares in the last quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on ETR shares. UBS Group increased their price objective on Entergy from $86.00 to $96.00 and gave the company a "buy" rating in a report on Friday, March 21st. Barclays upped their price objective on shares of Entergy from $79.00 to $88.00 and gave the company an "overweight" rating in a research report on Tuesday, April 8th. StockNews.com upgraded Entergy from a "sell" rating to a "hold" rating in a research report on Sunday, December 29th. LADENBURG THALM/SH SH upgraded shares of Entergy from a "neutral" rating to a "buy" rating and set a $86.50 price objective for the company in a research note on Thursday, January 30th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Entergy from $87.00 to $98.00 and gave the company an "overweight" rating in a report on Tuesday, March 11th. Six analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Entergy presently has a consensus rating of "Moderate Buy" and an average price target of $85.25.

Entergy Trading Up 1.5 %

Shares of NYSE:ETR traded up $1.21 during mid-day trading on Monday, reaching $82.93. The stock had a trading volume of 485,218 shares, compared to its average volume of 3,685,765. Entergy Corporation has a twelve month low of $50.19 and a twelve month high of $88.38. The firm has a market cap of $35.72 billion, a PE ratio of 34.06, a price-to-earnings-growth ratio of 2.34 and a beta of 0.56. 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 simple moving average of $83.48 and a two-hundred day simple moving average of $77.35.

Entergy (NYSE:ETR - Get Free Report) last issued its quarterly earnings data on Tuesday, February 18th. The utilities provider reported $0.66 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 business had revenue of $2.74 billion for the quarter, compared to analyst estimates of $3.24 billion. During the same period last year, the business posted $0.26 earnings per share. On average, research analysts predict 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. Stockholders of record on Friday, May 2nd will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.89%. The ex-dividend date is Friday, May 2nd. Entergy's payout ratio is presently 98.77%.

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.