Cerity Partners LLC Cuts Stake in Entergy Corporation (NYSE:ETR)

Cerity Partners LLC lessened its holdings in shares of Entergy Corporation (NYSE:ETR - Free Report) by 10.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 110,503 shares of the utilities provider's stock after selling 13,052 shares during the period. Cerity Partners LLC's holdings in Entergy were worth $8,996,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of 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 buying an additional 26,312,267 shares during the period. FMR LLC boosted its holdings in Entergy by 90.7% in the fourth quarter. FMR LLC now owns 12,612,407 shares of the utilities provider's stock valued at $956,273,000 after acquiring an additional 5,998,760 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its position in Entergy by 66.7% during 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 purchasing an additional 4,418,528 shares during the period. Geode Capital Management LLC raised its holdings in Entergy by 106.2% during the 4th quarter. Geode Capital Management LLC now owns 10,236,816 shares of the utilities provider's stock worth $774,103,000 after purchasing an additional 5,271,559 shares during the last quarter. Finally, Franklin Resources Inc. raised its holdings 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 purchasing an additional 4,360,772 shares during the last quarter. Institutional investors own 88.07% of the company's stock.

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Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. StockNews.com raised shares of Entergy from a "sell" rating to a "hold" rating in a research note on Sunday, December 29th. Evercore ISI lifted their price objective on Entergy from $75.00 to $86.00 and gave the stock an "in-line" rating in a research report on Wednesday, February 19th. Scotiabank cut their target price on Entergy from $165.00 to $82.00 and set a "sector perform" rating on the stock in a research report on Tuesday, January 7th. Wells Fargo & Company lifted their target price on Entergy from $85.00 to $97.00 and gave the stock an "overweight" rating in a report on Wednesday, February 19th. Finally, JPMorgan Chase & Co. increased their price target on Entergy from $87.00 to $98.00 and gave the stock an "overweight" rating in a report on Tuesday, March 11th. Six analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Entergy currently has a consensus rating of "Moderate Buy" and a consensus price target of $85.25.

Entergy Stock Up 1.3 %

Shares of ETR stock traded up $1.10 during trading hours on Tuesday, reaching $83.68. The company had a trading volume of 1,717,013 shares, compared to its average volume of 3,686,881. The company has a market cap of $36.05 billion, a price-to-earnings ratio of 34.35, a price-to-earnings-growth ratio of 2.34 and a beta of 0.56. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.72 and a quick ratio of 0.59. Entergy Corporation has a 12 month low of $50.19 and a 12 month high of $88.38. The business has a fifty day simple moving average of $83.48 and a 200-day simple moving average of $77.47.

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

Entergy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders 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 annualized dividend and a dividend yield of 2.87%. Entergy's dividend payout ratio is currently 98.77%.

Entergy 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.