Entergy Corporation (NYSE:ETR) Shares Purchased by Gabelli Funds LLC

Gabelli Funds LLC boosted its position in shares of Entergy Corporation (NYSE:ETR - Free Report) by 98.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 31,600 shares of the utilities provider's stock after acquiring an additional 15,650 shares during the period. Gabelli Funds LLC's holdings in Entergy were worth $2,396,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of ETR. Vanguard Group Inc. boosted its holdings in Entergy by 101.9% in the fourth quarter. Vanguard Group Inc. now owns 52,133,646 shares of the utilities provider's stock valued at $3,952,773,000 after purchasing an additional 26,312,267 shares in the last quarter. FMR LLC boosted its holdings in shares of Entergy by 90.7% in the 4th quarter. FMR LLC now owns 12,612,407 shares of the utilities provider's stock valued at $956,273,000 after buying an additional 5,998,760 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Entergy by 106.2% in the 4th quarter. Geode Capital Management LLC now owns 10,236,816 shares of the utilities provider's stock valued at $774,103,000 after buying an additional 5,271,559 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its position in shares of Entergy by 66.7% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 11,042,159 shares of the utilities provider's stock valued at $837,216,000 after buying an additional 4,418,528 shares during the last quarter. Finally, Franklin Resources Inc. raised its stake in Entergy by 76.3% during the 4th quarter. Franklin Resources Inc. now owns 10,079,631 shares of the utilities provider's stock worth $764,238,000 after acquiring an additional 4,360,772 shares in the last quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on ETR shares. Evercore ISI upped their price objective on shares of Entergy from $75.00 to $86.00 and gave the company an "in-line" rating in a research note on Wednesday, February 19th. JPMorgan Chase & Co. raised their price target on Entergy from $87.00 to $98.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 11th. StockNews.com upgraded Entergy from a "sell" rating to a "hold" rating in a research note on Sunday, December 29th. Scotiabank lowered their target price on shares of Entergy from $165.00 to $82.00 and set a "sector perform" rating on the stock in a research report on Tuesday, January 7th. Finally, LADENBURG THALM/SH SH upgraded shares of Entergy from a "neutral" rating to a "buy" rating and set a $86.50 price target for the company in a research report on Thursday, January 30th. 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. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $85.25.

Entergy Price Performance

Shares of NYSE:ETR opened at $83.11 on Friday. Entergy Corporation has a 52 week low of $51.75 and a 52 week high of $88.38. The company has a 50-day moving average price of $83.54 and a 200 day moving average price of $77.78. The company has a market cap of $35.80 billion, a P/E ratio of 34.13, a PEG ratio of 2.34 and a beta of 0.56. The company has a quick ratio of 0.59, a current ratio of 0.72 and a debt-to-equity ratio of 1.81.

Entergy (NYSE:ETR - Get Free Report) last posted its quarterly 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. Entergy had a return on equity of 10.68% and a net margin of 8.90%. The business had revenue of $2.74 billion during the quarter, compared to analysts' expectations of $3.24 billion. During the same period last year, the firm earned $0.26 EPS. Research analysts predict that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Friday, May 2nd will be issued a $0.60 dividend. The ex-dividend date is Friday, May 2nd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.89%. Entergy's dividend payout ratio is presently 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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