Generali Asset Management SPA SGR Makes New Investment in Entergy Corporation (NYSE:ETR)

Generali Asset Management SPA SGR purchased a new stake in Entergy Corporation (NYSE:ETR - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,586 shares of the utilities provider's stock, valued at approximately $1,106,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. State Street Corp boosted its stake in Entergy by 1.1% in the third quarter. State Street Corp now owns 11,408,776 shares of the utilities provider's stock valued at $1,501,509,000 after acquiring an additional 128,667 shares during the period. FMR LLC lifted its position in shares of Entergy by 5.0% during the 3rd quarter. FMR LLC now owns 6,613,647 shares of the utilities provider's stock valued at $870,422,000 after acquiring an additional 315,750 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of Entergy by 53.0% during the 3rd quarter. Franklin Resources Inc. now owns 5,718,859 shares of the utilities provider's stock worth $754,318,000 after acquiring an additional 1,981,611 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Entergy by 0.8% during the third quarter. Geode Capital Management LLC now owns 4,965,257 shares of the utilities provider's stock worth $651,206,000 after purchasing an additional 37,279 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Entergy by 60.6% during the third quarter. JPMorgan Chase & Co. now owns 3,589,727 shares of the utilities provider's stock valued at $472,444,000 after purchasing an additional 1,354,355 shares during the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

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Entergy Stock Down 1.3 %

NYSE ETR traded down $1.09 during trading on Tuesday, reaching $82.92. The company's stock had a trading volume of 4,658,302 shares, compared to its average volume of 4,218,467. The company has a current ratio of 0.72, a quick ratio of 0.59 and a debt-to-equity ratio of 1.81. The stock has a market capitalization of $35.72 billion, a PE ratio of 34.05, a PEG ratio of 2.34 and a beta of 0.68. Entergy Corporation has a 1-year low of $50.19 and a 1-year high of $88.38. The business has a 50-day moving average price of $83.04 and a 200-day moving average price of $75.32.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.63 by $0.03. Entergy had a net margin of 8.90% and a return on equity of 10.68%. The firm had revenue of $2.74 billion during the quarter, compared to analysts' expectations of $3.24 billion. During the same period in the prior year, the company posted $0.26 earnings per share. On average, research analysts forecast that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 10th were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date of this dividend was Monday, February 10th. Entergy's dividend payout ratio is 98.77%.

Analyst Ratings Changes

Several research firms have issued reports on ETR. BMO Capital Markets boosted their price objective on Entergy from $79.00 to $94.00 and gave the stock an "outperform" rating in a report on Wednesday, February 19th. StockNews.com upgraded shares of Entergy from a "sell" rating to a "hold" rating in a research report on Sunday, December 29th. Wells Fargo & Company raised their price objective on shares of Entergy from $85.00 to $97.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 19th. KeyCorp downgraded shares of Entergy from an "overweight" rating to a "sector weight" rating in a research note on Wednesday, December 4th. Finally, Morgan Stanley raised their target price on Entergy from $75.00 to $78.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 20th. Six analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $84.75.

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.