Groupama Asset Managment Grows Position in Entergy Corporation (NYSE:ETR)

Groupama Asset Managment increased its stake in Entergy Corporation (NYSE:ETR - Free Report) by 152.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 451,360 shares of the utilities provider's stock after purchasing an additional 272,612 shares during the period. Groupama Asset Managment owned 0.11% of Entergy worth $34,191,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of ETR. Fortis Group Advisors LLC lifted its stake in shares of Entergy by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider's stock worth $26,000 after buying an additional 172 shares during the period. NBT Bank N A NY lifted its position in Entergy by 100.0% during the 4th quarter. NBT Bank N A NY now owns 340 shares of the utilities provider's stock worth $26,000 after acquiring an additional 170 shares during the period. Legacy Investment Solutions LLC acquired a new stake in Entergy during the 3rd quarter worth about $27,000. Duncker Streett & Co. Inc. grew its stake in Entergy by 100.0% during the 4th quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider's stock valued at $27,000 after purchasing an additional 179 shares during the last quarter. Finally, Sandy Spring Bank increased its holdings in shares of Entergy by 100.0% in the fourth quarter. Sandy Spring Bank now owns 358 shares of the utilities provider's stock valued at $27,000 after purchasing an additional 179 shares during the period. 88.07% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

A number of equities research analysts recently commented on ETR shares. LADENBURG THALM/SH SH upgraded Entergy from a "neutral" rating to a "buy" rating and set a $86.50 target price on the stock in a research report on Thursday, January 30th. StockNews.com upgraded shares of Entergy from a "sell" rating to a "hold" rating in a research note on Sunday, December 29th. UBS Group raised their target price on shares of Entergy from $86.00 to $96.00 and gave the stock a "buy" rating in a report on Friday, March 21st. Morgan Stanley upped their price target on shares of Entergy from $75.00 to $78.00 and gave the company an "equal weight" rating in a report on Thursday, March 20th. Finally, Scotiabank reduced their price objective 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. Six equities 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 MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $84.75.

Entergy Price Performance

Shares of Entergy stock traded down $6.04 on Friday, reaching $79.02. The company's stock had a trading volume of 7,635,243 shares, compared to its average volume of 3,632,198. Entergy Corporation has a 52-week low of $50.19 and a 52-week high of $88.38. The company has a market capitalization of $34.04 billion, a P/E ratio of 32.45, a PEG ratio of 2.34 and a beta of 0.56. 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 50-day moving average price of $83.52 and a 200-day moving average price of $76.60.

Entergy (NYSE:ETR - Get Free Report) last posted 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. Entergy had a net margin of 8.90% and a return on equity of 10.68%. The company 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 business posted $0.26 earnings per share. Analysts expect that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 10th were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $2.40 annualized dividend and a yield of 3.04%. Entergy's dividend payout ratio (DPR) 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.