Entergy Corporation (NYSE:ETR) Shares Acquired by Pinebridge Investments L.P.

Pinebridge Investments L.P. boosted its stake in Entergy Corporation (NYSE:ETR - Free Report) by 55.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 32,284 shares of the utilities provider's stock after purchasing an additional 11,493 shares during the quarter. Pinebridge Investments L.P.'s holdings in Entergy were worth $2,448,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Legacy Financial Advisors Inc. increased its holdings in shares of Entergy by 60.0% during the 4th quarter. Legacy Financial Advisors Inc. now owns 16,077 shares of the utilities provider's stock worth $1,219,000 after buying an additional 6,028 shares during the last quarter. Strategic Financial Concepts LLC purchased a new stake in Entergy during the fourth quarter valued at about $4,393,000. Flagship Harbor Advisors LLC increased its stake in Entergy by 74.3% during the fourth quarter. Flagship Harbor Advisors LLC now owns 7,959 shares of the utilities provider's stock worth $603,000 after acquiring an additional 3,393 shares during the last quarter. LaFleur & Godfrey LLC purchased a new position in shares of Entergy in the 4th quarter worth about $217,000. Finally, Bank of Montreal Can grew its holdings in shares of Entergy by 74.3% during the 4th quarter. Bank of Montreal Can now owns 670,923 shares of the utilities provider's stock worth $50,869,000 after purchasing an additional 286,005 shares during the period. Institutional investors and hedge funds own 88.07% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. 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 report on Wednesday, February 19th. JPMorgan Chase & Co. lifted their target price on shares of Entergy from $87.00 to $98.00 and gave the company an "overweight" rating in a report on Tuesday, March 11th. UBS Group increased their price target on Entergy from $86.00 to $96.00 and gave the company a "buy" rating in a report on Friday, March 21st. Evercore ISI boosted their price objective on Entergy from $75.00 to $86.00 and gave the stock an "in-line" rating in a research note on Wednesday, February 19th. Finally, Barclays increased their target price on Entergy from $79.00 to $88.00 and gave the company an "overweight" rating in a research note on Tuesday, April 8th. Five research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Entergy has an average rating of "Moderate Buy" and an average target price of $85.25.

Entergy Stock Performance

Entergy stock opened at $84.60 on Friday. 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 stock has a 50 day moving average of $83.51 and a 200-day moving average of $78.48. The stock has a market cap of $36.44 billion, a P/E ratio of 34.74, a price-to-earnings-growth ratio of 2.34 and a beta of 0.56. Entergy Corporation has a 52 week low of $52.07 and a 52 week high of $88.38.

Entergy (NYSE:ETR - Get Free Report) last announced its quarterly earnings data on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.03. The company had revenue of $2.74 billion during 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 period last year, the business earned $0.26 EPS. On average, 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. Shareholders of record on Friday, May 2nd will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.84%. The ex-dividend date of this dividend is Friday, May 2nd. Entergy's payout ratio is currently 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.

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