MetLife Investment Management LLC Buys 57,870 Shares of Entergy Corporation (NYSE:ETR)

MetLife Investment Management LLC grew its stake in shares of Entergy Corporation (NYSE:ETR - Free Report) by 104.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 113,452 shares of the utilities provider's stock after purchasing an additional 57,870 shares during the quarter. MetLife Investment Management LLC's holdings in Entergy were worth $8,602,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Fortis Group Advisors LLC raised its holdings in Entergy by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider's stock valued at $26,000 after buying an additional 172 shares during the last quarter. NBT Bank N A NY raised its stake in shares of Entergy by 100.0% during the fourth quarter. NBT Bank N A NY now owns 340 shares of the utilities provider's stock valued at $26,000 after acquiring an additional 170 shares during the last quarter. Duncker Streett & Co. Inc. boosted its holdings in shares of Entergy by 100.0% during the fourth quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider's stock worth $27,000 after purchasing an additional 179 shares during the period. Sandy Spring Bank grew its stake in shares of Entergy by 100.0% in the fourth quarter. Sandy Spring Bank now owns 358 shares of the utilities provider's stock worth $27,000 after purchasing an additional 179 shares during the last quarter. Finally, Riverview Trust Co lifted its holdings in Entergy by 100.0% in the 4th quarter. Riverview Trust Co now owns 364 shares of the utilities provider's stock worth $28,000 after buying an additional 182 shares during the period. Institutional investors own 88.07% of the company's stock.

Entergy Stock Down 0.4 %

Shares of ETR traded down $0.37 during trading hours on Friday, hitting $84.60. The company had a trading volume of 2,697,771 shares, compared to its average volume of 3,672,939. The stock has a market capitalization of $36.44 billion, a price-to-earnings ratio of 34.74, a P/E/G ratio of 2.34 and a beta of 0.56. The firm has a fifty day moving average price of $83.51 and a 200-day moving average price of $78.38. Entergy Corporation has a 52-week low of $52.07 and a 52-week high of $88.38. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.59 and a current ratio of 0.72.

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

Entergy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Friday, May 2nd will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $2.40 annualized dividend and a yield of 2.84%. Entergy's dividend payout ratio is 98.77%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Scotiabank reduced their target price on Entergy from $165.00 to $82.00 and set a "sector perform" rating on the stock in a research note on Tuesday, January 7th. StockNews.com upgraded shares of Entergy from a "sell" rating to a "hold" rating in a research report on Sunday, December 29th. Barclays raised their price objective on shares of Entergy from $79.00 to $88.00 and gave the stock an "overweight" rating in a report on Tuesday, April 8th. JPMorgan Chase & Co. upped their target price on Entergy from $87.00 to $98.00 and gave the stock an "overweight" rating in a report on Tuesday, March 11th. Finally, LADENBURG THALM/SH SH upgraded Entergy from a "neutral" rating to a "buy" rating and set a $86.50 target price for the company in a research note on Thursday, January 30th. Five investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Entergy has an average rating of "Moderate Buy" and an average price target of $85.25.

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.