Lord Abbett & CO. LLC lifted its holdings in shares of Entergy Corporation (NYSE:ETR - Free Report) by 98.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,090,648 shares of the utilities provider's stock after buying an additional 1,534,290 shares during the period. Entergy makes up approximately 0.7% of Lord Abbett & CO. LLC's holdings, making the stock its 27th largest position. Lord Abbett & CO. LLC owned approximately 0.72% of Entergy worth $234,333,000 as of its most recent filing with the SEC.
Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Entergy by 101.9% during the fourth quarter. Vanguard Group Inc. now owns 52,133,646 shares of the utilities provider's stock worth $3,952,773,000 after purchasing an additional 26,312,267 shares in the last quarter. FMR LLC boosted its stake in shares of Entergy by 90.7% during the 4th quarter. FMR LLC now owns 12,612,407 shares of the utilities provider's stock worth $956,273,000 after acquiring an additional 5,998,760 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Entergy by 106.2% during the fourth quarter. Geode Capital Management LLC now owns 10,236,816 shares of the utilities provider's stock valued at $774,103,000 after acquiring an additional 5,271,559 shares during the period. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in shares of Entergy by 66.7% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 11,042,159 shares of the utilities provider's stock valued at $837,216,000 after buying an additional 4,418,528 shares in the last quarter. Finally, Franklin Resources Inc. grew its stake in shares of Entergy by 76.3% in the 4th quarter. Franklin Resources Inc. now owns 10,079,631 shares of the utilities provider's stock valued at $764,238,000 after buying an additional 4,360,772 shares in the last quarter. Hedge funds and other institutional investors own 88.07% of the company's stock.
Entergy Stock Performance
Shares of NYSE ETR traded down $1.57 during trading on Tuesday, reaching $83.52. 3,931,219 shares of the company traded hands, compared to its average volume of 3,668,904. The firm's fifty day simple moving average is $83.47 and its 200 day simple moving average is $78.71. Entergy Corporation has a 12-month low of $52.07 and a 12-month high of $88.38. The stock has a market cap of $35.98 billion, a P/E ratio of 34.30, a PEG ratio of 2.34 and a beta of 0.56. 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 (NYSE:ETR - Get Free Report) last released its earnings results on Tuesday, April 29th. The utilities provider reported $0.82 earnings per share for the quarter, topping analysts' consensus estimates of $0.60 by $0.22. The business had revenue of $3.02 billion for the quarter, compared to analyst estimates of $3.13 billion. Entergy had a net margin of 8.90% and a return on equity of 10.68%. During the same period last year, the company posted $0.54 EPS. As a group, research analysts anticipate that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.
Entergy Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Friday, May 2nd will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date of this dividend is Friday, May 2nd. Entergy's dividend payout ratio (DPR) is 98.77%.
Analyst Ratings Changes
Several equities analysts have commented on the company. LADENBURG THALM/SH SH raised Entergy from a "neutral" rating to a "buy" rating and set a $86.50 price target for the company in a report on Thursday, January 30th. Morgan Stanley reaffirmed an "overweight" rating on shares of Entergy in a research note on Wednesday, April 23rd. JPMorgan Chase & Co. upped their price objective on shares of Entergy from $87.00 to $98.00 and gave the company an "overweight" rating in a research report on Tuesday, March 11th. Barclays lifted their target price on Entergy from $79.00 to $88.00 and gave the company an "overweight" rating in a research report on Tuesday, April 8th. Finally, BMO Capital Markets decreased their price target on Entergy from $94.00 to $89.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. Five investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Entergy presently has a consensus rating of "Moderate Buy" and a consensus target price of $85.25.
Check Out Our Latest Stock Report on ETR
About Entergy
(
Free Report)
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.
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