Legal & General Group Plc lifted its position in shares of Entergy Corporation (NYSE:ETR - Free Report) by 68.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,614,599 shares of the utilities provider's stock after acquiring an additional 1,466,828 shares during the quarter. Legal & General Group Plc owned approximately 0.84% of Entergy worth $274,059,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the company. Invesco Ltd. grew its position in shares of Entergy by 63.8% during the 4th quarter. Invesco Ltd. now owns 8,514,250 shares of the utilities provider's stock worth $645,550,000 after buying an additional 3,316,758 shares during the period. Employees Retirement System of Texas grew its holdings in Entergy by 100.0% during the 4th quarter. Employees Retirement System of Texas now owns 1,191,800 shares of the utilities provider's stock worth $90,362,000 after acquiring an additional 595,900 shares during the period. Bank of Montreal Can raised its position 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 valued at $50,869,000 after acquiring an additional 286,005 shares during the last quarter. Polymer Capital Management US LLC acquired a new position in shares of Entergy in the 4th quarter valued at $11,462,000. Finally, Trek Financial LLC bought a new position in shares of Entergy in the 4th quarter worth $3,151,000. Institutional investors and hedge funds own 88.07% of the company's stock.
Entergy Stock Performance
Shares of ETR stock traded up $1.43 during midday trading on Monday, hitting $83.15. 321,167 shares of the company were exchanged, compared to its average volume of 3,685,279. The firm has a market capitalization of $35.82 billion, a P/E ratio of 34.15, a PEG ratio of 2.34 and a beta of 0.56. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.59 and a current ratio of 0.72. Entergy Corporation has a 52 week low of $50.19 and a 52 week high of $88.38. The firm's 50 day moving average price is $83.48 and its two-hundred day moving average price is $77.35.
Entergy (NYSE:ETR - Get Free Report) last posted its earnings results on Tuesday, February 18th. The utilities provider reported $0.66 EPS for the quarter, beating the consensus estimate of $0.63 by $0.03. The company had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $3.24 billion. Entergy had a return on equity of 10.68% and a net margin of 8.90%. During the same quarter in the prior year, the business earned $0.26 earnings per share. As a group, equities research analysts anticipate that Entergy Corporation will post 3.88 earnings per share for the current year.
Entergy Dividend Announcement
The firm 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 $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.89%. The ex-dividend date of this dividend is Friday, May 2nd. Entergy's dividend payout ratio (DPR) is 98.77%.
Wall Street Analysts Forecast Growth
ETR has been the topic of several analyst reports. Morgan Stanley increased their target price on Entergy from $75.00 to $78.00 and gave the company an "equal weight" rating in a research note on Thursday, March 20th. JPMorgan Chase & Co. increased their price target on shares of Entergy from $87.00 to $98.00 and gave the company an "overweight" rating in a research report on Tuesday, March 11th. StockNews.com upgraded shares of Entergy from a "sell" rating to a "hold" rating in a report on Sunday, December 29th. Wells Fargo & Company increased their target price on shares of Entergy from $85.00 to $97.00 and gave the stock an "overweight" rating in a report on Wednesday, February 19th. Finally, BMO Capital Markets decreased their price target on shares of Entergy from $94.00 to $89.00 and set an "outperform" rating for the company in a report on Friday. Six research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $85.25.
Read Our Latest Research Report on ETR
About Entergy
(
Free Report)
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.
See Also
Before you consider Entergy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Entergy wasn't on the list.
While Entergy currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
