Harvest Fund Management Co. Ltd Buys New Shares in Entergy Corporation (NYSE:ETR)

Harvest Fund Management Co. Ltd acquired a new stake in Entergy Corporation (NYSE:ETR - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 12,580 shares of the utilities provider's stock, valued at approximately $954,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. OneDigital Investment Advisors LLC lifted its holdings in shares of Entergy by 2.1% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 3,427 shares of the utilities provider's stock valued at $451,000 after buying an additional 69 shares during the period. LMR Partners LLP acquired a new stake in Entergy in the third quarter valued at $329,000. Pathstone Holdings LLC lifted its holdings in Entergy by 6.9% in the third quarter. Pathstone Holdings LLC now owns 16,862 shares of the utilities provider's stock valued at $2,219,000 after acquiring an additional 1,081 shares during the period. Caprock Group LLC boosted its position in shares of Entergy by 10.1% during the 3rd quarter. Caprock Group LLC now owns 5,281 shares of the utilities provider's stock worth $695,000 after purchasing an additional 485 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Entergy during the 3rd quarter worth $564,000. Hedge funds and other institutional investors own 88.07% of the company's stock.

Entergy Trading Down 1.3 %

NYSE:ETR traded down $1.09 on Tuesday, reaching $82.92. The stock had a trading volume of 4,658,302 shares, compared to its average volume of 3,337,904. The company has a market cap of $35.72 billion, a price-to-earnings ratio of 34.05, a P/E/G ratio of 2.34 and a beta of 0.68. Entergy Corporation has a 12-month low of $50.19 and a 12-month high of $88.38. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.72 and a quick ratio of 0.59. The firm's fifty day moving average is $83.04 and its two-hundred day moving average is $75.32.

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Entergy (NYSE:ETR - Get Free Report) last announced its earnings results 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. The firm had revenue of $2.74 billion for the quarter, compared to analyst estimates of $3.24 billion. Entergy had a net margin of 8.90% and a return on equity of 10.68%. During the same quarter last year, the business earned $0.26 earnings per share. Equities analysts expect that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 10th were paid a $0.60 dividend. The ex-dividend date was Monday, February 10th. This represents a $2.40 annualized dividend and a yield of 2.89%. Entergy's payout ratio is currently 98.77%.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. UBS Group boosted their price objective on shares of Entergy from $86.00 to $96.00 and gave the stock a "buy" rating in a report on Friday. 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. Wells Fargo & Company raised their price objective on Entergy from $85.00 to $97.00 and gave the company an "overweight" rating in a research note on Wednesday, February 19th. Morgan Stanley boosted 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. Finally, Evercore ISI upped their target price on Entergy from $75.00 to $86.00 and gave the company an "in-line" rating in a 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 assigned a strong buy rating to the stock. According to MarketBeat, Entergy has a consensus rating of "Moderate Buy" and a consensus price target of $84.75.

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.