Martingale Asset Management L P Boosts Holdings in Entergy Corporation (NYSE:ETR)

Martingale Asset Management L P raised its stake in Entergy Corporation (NYSE:ETR - Free Report) by 55.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 259,250 shares of the utilities provider's stock after acquiring an additional 92,220 shares during the quarter. Martingale Asset Management L P owned approximately 0.06% of Entergy worth $19,656,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of ETR. Fortis Group Advisors LLC grew its position in Entergy by 100.0% during 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 period. NBT Bank N A NY grew its position in shares of Entergy by 100.0% during the 4th quarter. NBT Bank N A NY now owns 340 shares of the utilities provider's stock valued at $26,000 after acquiring an additional 170 shares during the period. Duncker Streett & Co. Inc. increased its stake in shares of Entergy by 100.0% in the 4th quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider's stock valued at $27,000 after purchasing an additional 179 shares in the last quarter. Sandy Spring Bank raised its holdings in Entergy by 100.0% in the 4th quarter. Sandy Spring Bank now owns 358 shares of the utilities provider's stock worth $27,000 after purchasing an additional 179 shares during the period. Finally, Riverview Trust Co boosted its position in Entergy by 100.0% during the fourth quarter. Riverview Trust Co now owns 364 shares of the utilities provider's stock worth $28,000 after purchasing an additional 182 shares in the last quarter. Hedge funds and other institutional investors own 88.07% of the company's stock.

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Entergy Trading Up 1.6 %

ETR traded up $1.27 during trading hours on Monday, reaching $82.99. The company's stock had a trading volume of 410,584 shares, compared to its average volume of 3,685,471. The stock has a market cap of $35.75 billion, a PE ratio of 34.08, a P/E/G ratio of 2.34 and a beta of 0.56. Entergy Corporation has a fifty-two week low of $50.19 and a fifty-two week high of $88.38. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.72 and a quick ratio of 0.59. The business's 50-day moving average is $83.48 and its 200-day moving average is $77.35.

Entergy (NYSE:ETR - Get Free Report) last issued 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 return on equity of 10.68% and a net margin of 8.90%. The firm had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $3.24 billion. During the same period last year, the company earned $0.26 EPS. As a group, equities research analysts predict that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Friday, May 2nd will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date of this dividend is Friday, May 2nd. Entergy's payout ratio is 98.77%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Evercore ISI upped their target price on Entergy from $75.00 to $86.00 and gave the stock an "in-line" rating in a research note on Wednesday, February 19th. StockNews.com upgraded shares of Entergy from a "sell" rating to a "hold" rating in a research report on Sunday, December 29th. Wells Fargo & Company upped their price target on shares of Entergy from $85.00 to $97.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 19th. JPMorgan Chase & Co. boosted their price objective on Entergy from $87.00 to $98.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 11th. Finally, BMO Capital Markets decreased their target price on Entergy from $94.00 to $89.00 and set an "outperform" rating on the stock in a research report on Friday. Six 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. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus 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.