Entergy Corporation (NYSE:ETR) Shares Purchased by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. lifted its stake in shares of Entergy Corporation (NYSE:ETR - Free Report) by 93.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,534 shares of the utilities provider's stock after purchasing an additional 6,060 shares during the period. Cornercap Investment Counsel Inc.'s holdings in Entergy were worth $950,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Entergy by 101.9% during the 4th quarter. Vanguard Group Inc. now owns 52,133,646 shares of the utilities provider's stock valued at $3,952,773,000 after acquiring an additional 26,312,267 shares during the last quarter. State Street Corp raised its stake in Entergy by 1.1% during the third quarter. State Street Corp now owns 11,408,776 shares of the utilities provider's stock worth $1,501,509,000 after purchasing an additional 128,667 shares during the period. JPMorgan Chase & Co. boosted its holdings in Entergy by 105.1% in the 4th quarter. JPMorgan Chase & Co. now owns 7,363,219 shares of the utilities provider's stock valued at $558,279,000 after purchasing an additional 3,773,492 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of Entergy by 53.0% in the 3rd quarter. Franklin Resources Inc. now owns 5,718,859 shares of the utilities provider's stock valued at $754,318,000 after buying an additional 1,981,611 shares during the period. Finally, Geode Capital Management LLC increased its holdings in shares of Entergy by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 4,965,257 shares of the utilities provider's stock worth $651,206,000 after buying an additional 37,279 shares during the last quarter. Institutional investors and hedge funds own 88.07% of the company's stock.

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Analysts Set New Price Targets

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. lifted their target price on Entergy from $87.00 to $98.00 and gave the company an "overweight" rating in a research report on Tuesday, March 11th. UBS Group upped their target price on shares of Entergy from $86.00 to $96.00 and gave the company a "buy" rating in a research report on Friday, March 21st. Scotiabank dropped their price target on shares of Entergy from $165.00 to $82.00 and set a "sector perform" rating for the company in a research report on Tuesday, January 7th. StockNews.com upgraded shares of Entergy from a "sell" rating to a "hold" rating in a report on Sunday, December 29th. Finally, Evercore ISI lifted their target price on shares of Entergy from $75.00 to $86.00 and gave the company an "in-line" rating in a report on Wednesday, February 19th. Six research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $84.75.

Entergy Stock Up 0.6 %

NYSE ETR traded up $0.55 during trading hours on Wednesday, hitting $86.21. 1,051,850 shares of the company were exchanged, compared to its average volume of 3,587,547. 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 firm has a market cap of $37.14 billion, a price-to-earnings ratio of 35.40, a PEG ratio of 2.34 and a beta of 0.68. The company has a 50 day moving average of $83.45 and a two-hundred day moving average of $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 released its earnings results on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share 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 analyst estimates of $3.24 billion. During the same period in the prior year, the firm earned $0.26 earnings per share. Equities research analysts anticipate that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 10th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.78%. The ex-dividend date was Monday, February 10th. Entergy's dividend payout ratio (DPR) is presently 98.77%.

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.