Entergy Corporation (NYSE:ETR) Shares Purchased by Fmr LLC

FMR LLC boosted its stake in shares of Entergy Corporation (NYSE:ETR - Free Report) by 90.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,612,407 shares of the utilities provider's stock after acquiring an additional 5,998,760 shares during the quarter. FMR LLC owned about 2.94% of Entergy worth $956,273,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. grew 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 valued at $3,952,773,000 after buying an additional 26,312,267 shares during the last quarter. 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 worth $837,216,000 after acquiring an additional 4,418,528 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Entergy by 106.2% in the fourth 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 in the last quarter. Franklin Resources Inc. increased its stake in shares of Entergy by 76.3% during the fourth 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 period. Finally, JPMorgan Chase & Co. raised its holdings in Entergy by 105.1% during the fourth quarter. JPMorgan Chase & Co. now owns 7,363,219 shares of the utilities provider's stock worth $558,279,000 after purchasing an additional 3,773,492 shares in the last quarter. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ETR. Wells Fargo & Company lifted their price objective on Entergy from $85.00 to $97.00 and gave the company an "overweight" rating in a report on Wednesday, February 19th. Scotiabank decreased their price target on Entergy from $165.00 to $82.00 and set a "sector perform" rating on the stock in a research note on Tuesday, January 7th. Morgan Stanley upped their price objective on Entergy from $75.00 to $78.00 and gave the stock an "equal weight" rating in a report on Thursday, March 20th. UBS Group raised their target price on Entergy from $86.00 to $96.00 and gave the company a "buy" rating in a report on Friday, March 21st. Finally, Evercore ISI upped their price target on shares of Entergy from $75.00 to $86.00 and gave the stock an "in-line" rating in a research note on Wednesday, February 19th. Six investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $85.25.

Entergy Price Performance

Shares of NYSE:ETR traded up $1.43 on Friday, hitting $81.71. The company had a trading volume of 3,384,251 shares, compared to its average volume of 3,698,418. The business has a 50 day moving average of $83.48 and a 200 day moving average of $77.35. Entergy Corporation has a 52-week low of $50.19 and a 52-week high of $88.38. The company has a market cap of $35.20 billion, a PE ratio of 33.55, a PEG ratio of 2.34 and a beta of 0.56. The company has a current ratio of 0.72, a quick ratio of 0.59 and a debt-to-equity ratio of 1.81.

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, beating the consensus estimate of $0.63 by $0.03. The company had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $3.24 billion. Entergy had a return on equity of 10.68% and a net margin of 8.90%. During the same period in the previous year, the firm posted $0.26 EPS. As a group, equities analysts anticipate that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Friday, May 2nd will be issued a $0.60 dividend. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.94%. Entergy's dividend payout ratio (DPR) 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.