Mesirow Financial Investment Management Inc. Invests $257,000 in Entergy Corporation (NYSE:ETR)

Mesirow Financial Investment Management Inc. purchased a new stake in Entergy Corporation (NYSE:ETR - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 3,388 shares of the utilities provider's stock, valued at approximately $257,000.

Other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp increased its position in shares of Entergy by 1.1% during the third quarter. State Street Corp now owns 11,408,776 shares of the utilities provider's stock worth $1,501,509,000 after buying an additional 128,667 shares during the period. FMR LLC boosted its holdings in shares of Entergy by 5.0% during the 3rd quarter. FMR LLC now owns 6,613,647 shares of the utilities provider's stock worth $870,422,000 after buying an additional 315,750 shares in the last quarter. Franklin Resources Inc. grew its position in shares of Entergy by 53.0% during the 3rd 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. Geode Capital Management LLC increased its stake in shares of Entergy by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 4,965,257 shares of the utilities provider's stock valued at $651,206,000 after acquiring an additional 37,279 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 valued at $472,444,000 after acquiring an additional 1,354,355 shares during the period. Institutional investors and hedge funds own 88.07% of the company's stock.

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Insider Activity at Entergy

In related news, insider Deanna D. Rodriguez sold 6,088 shares of Entergy stock in a transaction on Friday, December 13th. The shares were sold at an average price of $73.94, for a total value of $450,146.72. Following the sale, the insider now owns 3,952 shares in the company, valued at $292,210.88. The trade was a 60.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.39% of the stock is owned by company insiders.

Entergy Trading Up 2.1 %

Shares of NYSE ETR traded up $1.65 during midday trading on Tuesday, reaching $82.11. The company had a trading volume of 2,708,243 shares, compared to its average volume of 3,237,207. The firm's fifty day moving average price is $81.49 and its 200-day moving average price is $73.65. The company has a quick ratio of 0.59, a current ratio of 0.72 and a debt-to-equity ratio of 1.81. Entergy Corporation has a one year low of $50.19 and a one year high of $88.38. The stock has a market cap of $35.34 billion, a PE ratio of 33.67, a price-to-earnings-growth ratio of 2.34 and a beta of 0.68.

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, beating analysts' consensus estimates of $0.63 by $0.03. Entergy had a return on equity of 10.68% and a net margin of 8.90%. The firm had revenue of $2.74 billion during the quarter, compared to analyst estimates of $3.24 billion. During the same quarter in the prior year, the firm posted $0.26 earnings per share. On average, equities research analysts anticipate that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Dividend Announcement

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 dividend yield of 2.92%. Entergy's payout ratio is presently 98.77%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on ETR shares. Scotiabank reduced their price objective on Entergy from $165.00 to $82.00 and set a "sector perform" rating for the company in a research note on Tuesday, January 7th. JPMorgan Chase & Co. boosted their price target on shares of Entergy from $87.00 to $98.00 and gave the company an "overweight" rating in a research note on Tuesday. KeyCorp cut shares of Entergy from an "overweight" rating to a "sector weight" rating in a report on Wednesday, December 4th. BMO Capital Markets upped their target price on shares of Entergy from $79.00 to $94.00 and gave the stock an "outperform" rating in a report on Wednesday, February 19th. Finally, StockNews.com upgraded Entergy from a "sell" rating to a "hold" rating in a research note on Sunday, December 29th. Six investment 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 data from MarketBeat, Entergy currently has an average rating of "Moderate Buy" and an average target price of $84.11.

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.