Capital Group Private Client Services Inc. Increases Stake in Entergy Corporation (NYSE:ETR)

Capital Group Private Client Services Inc. lifted its position in shares of Entergy Corporation (NYSE:ETR - Free Report) by 97.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 582,105 shares of the utilities provider's stock after buying an additional 286,947 shares during the period. Capital Group Private Client Services Inc. owned about 0.14% of Entergy worth $44,135,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Capital International Investors raised its holdings in shares of Entergy by 103.6% during the fourth quarter. Capital International Investors now owns 7,773,654 shares of the utilities provider's stock valued at $589,389,000 after acquiring an additional 3,956,122 shares in the last quarter. Capital International Sarl lifted its position in Entergy by 85.6% during the 4th quarter. Capital International Sarl now owns 23,759 shares of the utilities provider's stock valued at $1,801,000 after acquiring an additional 10,959 shares during the period. Arrow Capital Pty Ltd purchased a new stake in Entergy in the fourth quarter worth about $3,791,000. CANADA LIFE ASSURANCE Co boosted its position in shares of Entergy by 109.9% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 231,583 shares of the utilities provider's stock worth $17,558,000 after purchasing an additional 121,253 shares in the last quarter. Finally, Dean Investment Associates LLC raised its stake in Entergy by 54.4% during the fourth quarter. Dean Investment Associates LLC now owns 48,837 shares of the utilities provider's stock valued at $3,703,000 after buying an additional 17,200 shares during the last quarter. Institutional investors own 88.07% of the company's stock.

Entergy Price Performance

Shares of ETR traded up $0.91 during mid-day trading on Wednesday, hitting $84.19. 1,239,093 shares of the stock were exchanged, compared to its average volume of 3,676,193. The firm has a 50-day moving average of $83.49 and a two-hundred day moving average of $78.07. 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 $51.75 and a 52-week high of $88.38. The company has a market cap of $36.27 billion, a PE ratio of 34.58, a price-to-earnings-growth ratio of 2.34 and a beta of 0.56.

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. The business had revenue of $2.74 billion for the quarter, compared to analyst estimates of $3.24 billion. Entergy had a return on equity of 10.68% and a net margin of 8.90%. During the same quarter last year, the firm posted $0.26 earnings per share. On average, equities analysts predict that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Friday, May 2nd will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $2.40 dividend on an annualized basis and a yield of 2.85%. Entergy's payout ratio is 98.77%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. lifted their price target on Entergy from $87.00 to $98.00 and gave the stock 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 stock a "buy" rating in a research note on Friday, March 21st. Scotiabank reduced 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. Barclays boosted their price objective on shares of Entergy from $79.00 to $88.00 and gave the stock an "overweight" rating in a report on Tuesday, April 8th. Finally, Evercore ISI lifted their target price on Entergy from $75.00 to $86.00 and gave the stock an "in-line" rating in a report on Wednesday, February 19th. Six equities 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. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $85.25.

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.