Intech Investment Management LLC Sells 4,351 Shares of Entergy Corporation (NYSE:ETR)

Intech Investment Management LLC reduced its stake in Entergy Corporation (NYSE:ETR - Free Report) by 13.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,728 shares of the utilities provider's stock after selling 4,351 shares during the quarter. Intech Investment Management LLC's holdings in Entergy were worth $2,178,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. OneDigital Investment Advisors LLC increased its stake in Entergy by 2.1% in the third quarter. OneDigital Investment Advisors LLC now owns 3,427 shares of the utilities provider's stock valued at $451,000 after acquiring an additional 69 shares during the last quarter. Acropolis Investment Management LLC lifted its position in Entergy by 0.8% in the 3rd quarter. Acropolis Investment Management LLC now owns 8,836 shares of the utilities provider's stock worth $1,163,000 after buying an additional 69 shares during the last quarter. Great Valley Advisor Group Inc. boosted its stake in Entergy by 0.9% in the third quarter. Great Valley Advisor Group Inc. now owns 8,087 shares of the utilities provider's stock worth $1,065,000 after buying an additional 74 shares in the last quarter. Brown Brothers Harriman & Co. boosted its stake in Entergy by 1.3% in the third quarter. Brown Brothers Harriman & Co. now owns 7,233 shares of the utilities provider's stock worth $952,000 after buying an additional 91 shares in the last quarter. Finally, Hall Laurie J Trustee lifted its holdings in shares of Entergy by 50.0% in the 4th quarter. Hall Laurie J Trustee now owns 450 shares of the utilities provider's stock worth $34,000 after acquiring an additional 150 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. LADENBURG THALM/SH SH raised shares of Entergy from a "neutral" rating to a "buy" rating and set a $86.50 target price on the stock in a report on Thursday, January 30th. BMO Capital Markets lifted their price objective on Entergy from $79.00 to $94.00 and gave the stock an "outperform" rating in a report on Wednesday, February 19th. Morgan Stanley boosted their target price on Entergy from $75.00 to $78.00 and gave the company an "equal weight" rating in a research note on Thursday, March 20th. UBS Group increased their price target on shares of Entergy from $86.00 to $96.00 and gave the company a "buy" rating in a research report on Friday. Finally, KeyCorp downgraded shares of Entergy from an "overweight" rating to a "sector weight" rating in a research report on Wednesday, December 4th. Six investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $84.75.

Entergy Stock Down 1.3 %

Shares of Entergy stock traded down $1.09 on Tuesday, reaching $82.92. The company's stock had a trading volume of 4,658,302 shares, compared to its average volume of 3,337,904. Entergy Corporation has a 52 week low of $50.19 and a 52 week high of $88.38. The firm's fifty day simple moving average is $83.04 and its two-hundred day simple moving average is $75.32. 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 company has a market capitalization 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 (NYSE:ETR - Get Free Report) last issued its earnings results 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 business had revenue of $2.74 billion during the quarter, compared to analyst estimates of $3.24 billion. Entergy had a return on equity of 10.68% and a net margin of 8.90%. During the same quarter in the previous year, the firm earned $0.26 EPS. Equities analysts anticipate that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 10th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.89%. The ex-dividend date of this dividend was Monday, February 10th. Entergy's dividend payout ratio (DPR) is presently 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.