Horizon Investments LLC Purchases 5,018 Shares of Entergy Corporation (NYSE:ETR)

Horizon Investments LLC lifted its position in Entergy Corporation (NYSE:ETR - Free Report) by 103.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,884 shares of the utilities provider's stock after buying an additional 5,018 shares during the quarter. Horizon Investments LLC's holdings in Entergy were worth $744,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Empowered Funds LLC lifted its stake in Entergy by 40.7% in the 3rd quarter. Empowered Funds LLC now owns 18,597 shares of the utilities provider's stock worth $2,448,000 after purchasing an additional 5,381 shares in the last quarter. Strategic Financial Concepts LLC purchased a new stake in shares of Entergy in the fourth quarter worth $4,393,000. Flagship Harbor Advisors LLC raised its position in shares of Entergy by 74.3% in the fourth quarter. Flagship Harbor Advisors LLC now owns 7,959 shares of the utilities provider's stock worth $603,000 after buying an additional 3,393 shares in the last quarter. Thompson Siegel & Walmsley LLC bought a new stake in Entergy during the third quarter valued at $32,541,000. Finally, LaFleur & Godfrey LLC purchased a new position in Entergy during the fourth quarter worth about $217,000. 88.07% of the stock is currently owned by institutional investors.

Entergy Trading Up 0.2 %

Shares of NYSE:ETR traded up $0.16 during midday trading on Monday, hitting $84.04. 4,836,646 shares of the stock traded hands, compared to its average volume of 3,338,679. 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 business's 50 day moving average is $82.90 and its two-hundred day moving average is $75.16. The stock has a market capitalization of $36.20 billion, a PE ratio of 34.51, a P/E/G ratio of 2.34 and a beta of 0.68. Entergy Corporation has a one year low of $50.19 and a one year high of $88.38.

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Entergy (NYSE:ETR - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.03. The business had revenue of $2.74 billion during the quarter, compared to analysts' expectations of $3.24 billion. Entergy had a return on equity of 10.68% and a net margin of 8.90%. During the same quarter last year, the business posted $0.26 EPS. As a group, research analysts forecast that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 10th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.86%. The ex-dividend date of this dividend was Monday, February 10th. Entergy's dividend payout ratio (DPR) is 98.77%.

Analysts Set New Price Targets

Several analysts have weighed in on ETR shares. StockNews.com raised Entergy from a "sell" rating to a "hold" rating in a report on Sunday, December 29th. KeyCorp cut shares of Entergy from an "overweight" rating to a "sector weight" rating in a research note on Wednesday, December 4th. Evercore ISI increased their price target on shares of Entergy from $75.00 to $86.00 and gave the stock an "in-line" rating in a report on Wednesday, February 19th. JPMorgan Chase & Co. lifted their price objective on shares of Entergy from $87.00 to $98.00 and gave the stock an "overweight" rating in a report on Tuesday, March 11th. Finally, Wells Fargo & Company increased their target price on Entergy from $85.00 to $97.00 and gave the company an "overweight" rating in a research note on Wednesday, February 19th. Six research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average 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.