Barrow Hanley Mewhinney & Strauss LLC Has $837.22 Million Position in Entergy Corporation (NYSE:ETR)

Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of Entergy Corporation (NYSE:ETR - Free Report) by 66.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,042,159 shares of the utilities provider's stock after acquiring an additional 4,418,528 shares during the period. Entergy makes up 2.9% of Barrow Hanley Mewhinney & Strauss LLC's investment portfolio, making the stock its 2nd biggest holding. Barrow Hanley Mewhinney & Strauss LLC owned 2.58% of Entergy worth $837,216,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. D.A. Davidson & CO. increased its stake in shares of Entergy by 7.9% during the 3rd quarter. D.A. Davidson & CO. now owns 2,459 shares of the utilities provider's stock worth $324,000 after purchasing an additional 181 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Entergy by 5.2% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 52,880 shares of the utilities provider's stock valued at $6,960,000 after acquiring an additional 2,620 shares during the period. Public Sector Pension Investment Board increased its position in Entergy by 3.0% during the 3rd quarter. Public Sector Pension Investment Board now owns 37,272 shares of the utilities provider's stock worth $4,905,000 after purchasing an additional 1,100 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Entergy by 8.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,075,044 shares of the utilities provider's stock valued at $141,487,000 after purchasing an additional 84,374 shares in the last quarter. Finally, Vinva Investment Management Ltd lifted its position in Entergy by 9.0% during the 3rd quarter. Vinva Investment Management Ltd now owns 4,551 shares of the utilities provider's stock worth $597,000 after acquiring an additional 375 shares in the last quarter. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

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Entergy Stock Performance

ETR traded up $1.01 during trading hours on Wednesday, reaching $86.67. The company's stock had a trading volume of 3,117,440 shares, compared to its average volume of 3,595,550. The firm has a market cap of $37.34 billion, a PE ratio of 35.59, a price-to-earnings-growth ratio of 2.34 and a beta of 0.68. 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 50-day moving average is $83.45 and its 200-day moving average is $76.28. Entergy Corporation has a 52 week low of $50.19 and a 52 week high of $88.38.

Entergy (NYSE:ETR - Get Free Report) last announced its 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 firm had revenue of $2.74 billion for 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 quarter in the prior year, the business posted $0.26 EPS. On average, equities analysts forecast that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 10th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date was Monday, February 10th. Entergy's dividend payout ratio is presently 98.77%.

Analysts Set New Price Targets

ETR has been the topic of several research reports. JPMorgan Chase & Co. upped their price objective on Entergy from $87.00 to $98.00 and gave the company an "overweight" rating in a research note on Tuesday, March 11th. Morgan Stanley upped their price objective on shares of Entergy from $75.00 to $78.00 and gave the stock an "equal weight" rating in a report on Thursday, March 20th. UBS Group boosted their price objective on Entergy from $86.00 to $96.00 and gave the stock a "buy" rating in a research note on Friday, March 21st. Evercore ISI raised their target price on shares of Entergy from $75.00 to $86.00 and gave the stock an "in-line" rating in a report on Wednesday, February 19th. Finally, 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 report on Thursday, January 30th. Six analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus 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.