CANADA LIFE ASSURANCE Co Purchases 121,253 Shares of Entergy Corporation (NYSE:ETR)

CANADA LIFE ASSURANCE Co boosted its position in Entergy Corporation (NYSE:ETR - Free Report) by 109.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 231,583 shares of the utilities provider's stock after acquiring an additional 121,253 shares during the quarter. CANADA LIFE ASSURANCE Co owned 0.05% of Entergy worth $17,558,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Entergy by 101.9% in the 4th quarter. Vanguard Group Inc. now owns 52,133,646 shares of the utilities provider's stock worth $3,952,773,000 after purchasing an additional 26,312,267 shares during the period. FMR LLC increased its holdings in shares of Entergy by 90.7% in the fourth quarter. FMR LLC now owns 12,612,407 shares of the utilities provider's stock worth $956,273,000 after buying an additional 5,998,760 shares during the period. Barrow Hanley Mewhinney & Strauss LLC lifted its stake 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 acquiring an additional 4,418,528 shares during the last quarter. Geode Capital Management LLC boosted 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 valued at $774,103,000 after acquiring an additional 5,271,559 shares during the period. Finally, Franklin Resources Inc. grew its position 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 during the last quarter. Hedge funds and other institutional investors own 88.07% of the company's stock.

Entergy Stock Down 0.4 %

Shares of NYSE ETR traded down $0.37 during trading on Friday, reaching $84.60. The company had a trading volume of 2,697,771 shares, compared to its average volume of 3,672,939. The business's 50-day moving average is $83.51 and its 200 day moving average is $78.38. The company has a quick ratio of 0.59, a current ratio of 0.72 and a debt-to-equity ratio of 1.81. The stock has a market cap of $36.44 billion, a PE ratio of 34.74, a P/E/G ratio of 2.34 and a beta of 0.56. Entergy Corporation has a 12-month low of $52.07 and a 12-month high of $88.38.

Entergy (NYSE:ETR - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $2.74 billion during the quarter, compared to analyst estimates of $3.24 billion. Entergy had a net margin of 8.90% and a return on equity of 10.68%. During the same period in the previous year, the business earned $0.26 EPS. As a group, equities analysts forecast that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Friday, May 2nd will be issued 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 2.84%. Entergy's payout ratio is 98.77%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Barclays increased their price objective on Entergy from $79.00 to $88.00 and gave the company an "overweight" rating in a research note on Tuesday, April 8th. Morgan Stanley reissued an "overweight" rating on shares of Entergy in a research report on Wednesday. LADENBURG THALM/SH SH raised shares of Entergy from a "neutral" rating to a "buy" rating and set a $86.50 price objective for the company in a research note 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, StockNews.com upgraded shares of Entergy from a "sell" rating to a "hold" rating in a report on Sunday, December 29th. Five equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Entergy currently has an average rating of "Moderate Buy" and a consensus price target 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.