F M Investments LLC Has $2.42 Million Stock Position in Entergy Corporation (NYSE:ETR)

F M Investments LLC grew its stake in Entergy Corporation (NYSE:ETR - Free Report) by 144.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 31,866 shares of the utilities provider's stock after purchasing an additional 18,849 shares during the quarter. F M Investments LLC's holdings in Entergy were worth $2,416,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Bessemer Group Inc. grew its position in shares of Entergy by 97.5% in the 4th quarter. Bessemer Group Inc. now owns 56,525 shares of the utilities provider's stock worth $4,286,000 after acquiring an additional 27,904 shares in the last quarter. Estabrook Capital Management lifted its position in shares of Entergy by 100.0% in the 4th quarter. Estabrook Capital Management now owns 830 shares of the utilities provider's stock worth $63,000 after buying an additional 415 shares during the last quarter. DRW Securities LLC grew its position in shares of Entergy by 1,410.2% during the 4th quarter. DRW Securities LLC now owns 156,370 shares of the utilities provider's stock valued at $11,856,000 after buying an additional 146,016 shares during the last quarter. Texas Yale Capital Corp. raised its stake in Entergy by 100.0% during the fourth quarter. Texas Yale Capital Corp. now owns 3,080 shares of the utilities provider's stock worth $234,000 after acquiring an additional 1,540 shares during the period. Finally, Martingale Asset Management L P raised its stake in Entergy by 55.2% during the fourth quarter. Martingale Asset Management L P now owns 259,250 shares of the utilities provider's stock worth $19,656,000 after acquiring an additional 92,220 shares during the period. Institutional investors own 88.07% of the company's stock.

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Entergy Price Performance

Shares of ETR traded up $0.79 during trading hours on Tuesday, hitting $83.37. 2,993,982 shares of the company were exchanged, compared to its average volume of 4,383,031. The firm has a fifty day simple moving average of $83.48 and a 200-day simple moving average of $77.47. The company has a market capitalization of $35.91 billion, a PE ratio of 34.24, a PEG 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 one year low of $50.19 and a one year high of $88.38.

Entergy (NYSE:ETR - Get Free Report) last issued its quarterly 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 firm 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 quarter last year, the business posted $0.26 EPS. As a group, sell-side analysts predict that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Friday, May 2nd will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.88%. The ex-dividend date of this dividend is Friday, May 2nd. Entergy's payout ratio is presently 98.77%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ETR. BMO Capital Markets reduced their price objective on Entergy from $94.00 to $89.00 and set an "outperform" rating for the company in a research report on Friday. Morgan Stanley boosted their price target on Entergy from $75.00 to $78.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 20th. Scotiabank decreased their price target on Entergy from $165.00 to $82.00 and set a "sector perform" rating for the company in a research note on Tuesday, January 7th. JPMorgan Chase & Co. upped their price objective on shares of Entergy from $87.00 to $98.00 and gave the stock an "overweight" rating in a report on Tuesday, March 11th. Finally, Wells Fargo & Company boosted their price target on shares of Entergy from $85.00 to $97.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 19th. Six research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $85.25.

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.