iA Global Asset Management Inc. Increases Stock Position in Entergy Corporation (NYSE:ETR)

iA Global Asset Management Inc. boosted its stake in shares of Entergy Corporation (NYSE:ETR - Free Report) by 910.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 89,563 shares of the utilities provider's stock after purchasing an additional 80,698 shares during the quarter. iA Global Asset Management Inc.'s holdings in Entergy were worth $6,791,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of ETR. Franklin Resources Inc. increased its stake in shares of Entergy by 53.0% during the third quarter. Franklin Resources Inc. now owns 5,718,859 shares of the utilities provider's stock worth $754,318,000 after buying an additional 1,981,611 shares during the period. Boston Partners increased its position in shares of Entergy by 87.3% in the 4th quarter. Boston Partners now owns 3,215,746 shares of the utilities provider's stock valued at $243,867,000 after purchasing an additional 1,498,693 shares during the last quarter. Jennison Associates LLC increased its position in shares of Entergy by 139.5% in the 4th quarter. Jennison Associates LLC now owns 2,423,556 shares of the utilities provider's stock valued at $183,754,000 after purchasing an additional 1,411,473 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Entergy by 105.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,748,828 shares of the utilities provider's stock valued at $208,416,000 after purchasing an additional 1,408,476 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Entergy by 60.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,589,727 shares of the utilities provider's stock worth $472,444,000 after purchasing an additional 1,354,355 shares during the last quarter. Institutional investors and hedge funds own 88.07% of the company's stock.

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Wall Street Analyst Weigh In

ETR has been the topic of a number of analyst reports. BMO Capital Markets raised their price target on Entergy from $79.00 to $94.00 and gave the company an "outperform" rating in a research note on Wednesday, February 19th. LADENBURG THALM/SH SH raised 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. JPMorgan Chase & Co. upped their price target on Entergy from $87.00 to $98.00 and gave the company an "overweight" rating in a report on Tuesday, March 11th. UBS Group raised 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. Finally, Wells Fargo & Company upped their target price on shares of Entergy from $85.00 to $97.00 and gave the company an "overweight" rating in a report on Wednesday, February 19th. Six investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Entergy has an average rating of "Moderate Buy" and a consensus price target of $84.75.

Entergy Stock Performance

Shares of ETR traded down $1.09 during mid-day trading on Tuesday, hitting $82.92. 4,658,302 shares of the company's stock were exchanged, compared to its average volume of 3,337,904. 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 fifty-two week low of $50.19 and a fifty-two week high of $88.38. The business's 50 day moving average is $83.04 and its two-hundred day moving average is $75.32. The firm has a market capitalization of $35.72 billion, a P/E ratio of 34.05, a P/E/G ratio of 2.34 and a beta of 0.68.

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. The company 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 period last year, the firm earned $0.26 EPS. On average, equities analysts expect that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Dividend Announcement

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 $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 dividend payout ratio is currently 98.77%.

Entergy Company 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.