Hartree Partners LP Buys New Shares in Entergy Corporation (NYSE:ETR)

Hartree Partners LP bought a new position in Entergy Corporation (NYSE:ETR - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 80,000 shares of the utilities provider's stock, valued at approximately $6,066,000. Entergy accounts for approximately 2.3% of Hartree Partners LP's investment portfolio, making the stock its 14th largest holding.

A number of other institutional investors also recently bought and sold shares of ETR. Summit Securities Group LLC purchased a new stake in shares of Entergy in the 4th quarter worth about $49,000. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in Entergy by 66.7% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 11,042,159 shares of the utilities provider's stock worth $837,216,000 after purchasing an additional 4,418,528 shares during the period. Schroder Investment Management Group lifted its holdings in shares of Entergy by 231.0% during the fourth quarter. Schroder Investment Management Group now owns 342,505 shares of the utilities provider's stock valued at $25,945,000 after purchasing an additional 239,017 shares during the last quarter. MV Capital Management Inc. boosted its position in shares of Entergy by 103.6% in the 4th quarter. MV Capital Management Inc. now owns 399 shares of the utilities provider's stock worth $30,000 after purchasing an additional 203 shares in the last quarter. Finally, Allianz SE bought a new position in Entergy during the 4th quarter valued at approximately $152,000. 88.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ETR. BMO Capital Markets raised their price target on Entergy from $79.00 to $94.00 and gave the company an "outperform" rating in a report on Wednesday, February 19th. Scotiabank decreased their target price on shares of Entergy from $165.00 to $82.00 and set a "sector perform" rating for the company in a report on Tuesday, January 7th. Morgan Stanley upped their target price on shares of Entergy from $75.00 to $78.00 and gave the stock an "equal weight" rating in a research note on Thursday, March 20th. Wells Fargo & Company raised their price target on shares of Entergy from $85.00 to $97.00 and gave the company an "overweight" rating in a research report on Wednesday, February 19th. Finally, StockNews.com raised Entergy from a "sell" rating to a "hold" rating in a research report on Sunday, December 29th. Six investment 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 currently has a consensus rating of "Moderate Buy" and a consensus target price of $84.75.

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Entergy Stock Performance

NYSE ETR traded up $1.01 during trading hours on Wednesday, hitting $86.67. 3,123,777 shares of the company's stock traded hands, compared to its average volume of 4,198,477. 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 Corporation has a 52 week low of $50.19 and a 52 week high of $88.38. The firm has a market capitalization of $37.34 billion, a P/E ratio of 35.59, a P/E/G ratio of 2.34 and a beta of 0.68. The business's fifty day moving average price is $83.45 and its two-hundred day moving average price is $76.28.

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, beating 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 the consensus estimate of $3.24 billion. During the same quarter in the previous year, the firm posted $0.26 EPS. Equities research analysts predict that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 10th were given a dividend of $0.60 per share. The ex-dividend date was Monday, February 10th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.77%. Entergy's payout ratio is currently 98.77%.

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.