BI Asset Management Fondsmaeglerselskab A S Buys 24,818 Shares of Entergy Corporation (NYSE:ETR)

BI Asset Management Fondsmaeglerselskab A S grew its stake in shares of Entergy Corporation (NYSE:ETR - Free Report) by 435.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,522 shares of the utilities provider's stock after buying an additional 24,818 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Entergy were worth $2,314,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Hall Laurie J Trustee raised its stake in Entergy by 50.0% in the fourth quarter. Hall Laurie J Trustee now owns 450 shares of the utilities provider's stock valued at $34,000 after purchasing an additional 150 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Entergy by 0.6% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 29,336 shares of the utilities provider's stock worth $2,224,000 after acquiring an additional 162 shares during the last quarter. NBT Bank N A NY grew its position in Entergy by 100.0% in the fourth quarter. NBT Bank N A NY now owns 340 shares of the utilities provider's stock worth $26,000 after acquiring an additional 170 shares in the last quarter. Fortis Group Advisors LLC increased its stake in Entergy by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider's stock valued at $26,000 after acquiring an additional 172 shares during the last quarter. Finally, Legacy Investment Solutions LLC raised its position in Entergy by 85.1% during the fourth quarter. Legacy Investment Solutions LLC now owns 374 shares of the utilities provider's stock valued at $31,000 after purchasing an additional 172 shares in the last quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on ETR shares. JPMorgan Chase & Co. increased their price objective 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 boosted their target price on Entergy from $86.00 to $96.00 and gave the company a "buy" rating in a research note on Friday, March 21st. LADENBURG THALM/SH SH upgraded Entergy from a "neutral" rating to a "buy" rating and set a $86.50 price target on the stock in a research report on Thursday, January 30th. Evercore ISI upped their price target on Entergy from $75.00 to $86.00 and gave the company an "in-line" rating in a research report on Wednesday, February 19th. Finally, BMO Capital Markets reduced their target price on Entergy from $94.00 to $89.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. Five research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $85.25.

Entergy Stock Performance

Shares of Entergy stock traded down $0.37 during trading on Friday, hitting $84.60. 2,697,771 shares of the company's stock traded hands, compared to its average volume of 3,672,939. 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 stock has a market capitalization of $36.44 billion, a P/E ratio of 34.74, a PEG ratio of 2.34 and a beta of 0.56. The business has a 50-day simple moving average of $83.51 and a 200-day simple moving average of $78.38. Entergy Corporation has a 1 year low of $52.07 and a 1 year high of $88.38.

Entergy (NYSE:ETR - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $3.24 billion. During the same period in the previous year, the company earned $0.26 earnings per share. As a group, analysts forecast that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Dividend Announcement

The company also recently declared 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. The ex-dividend date is Friday, May 2nd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.84%. Entergy's dividend payout ratio is currently 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.