National Bank of Canada FI Buys 217,742 Shares of Entergy Corporation (NYSE:ETR)

National Bank of Canada FI boosted its position in Entergy Corporation (NYSE:ETR - Free Report) by 124.9% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 392,132 shares of the utilities provider's stock after purchasing an additional 217,742 shares during the period. National Bank of Canada FI owned about 0.09% of Entergy worth $29,735,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in shares of Entergy by 101.9% in 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 during the period. State Street Corp increased its position in shares of Entergy by 1.1% in the third quarter. State Street Corp now owns 11,408,776 shares of the utilities provider's stock valued at $1,501,509,000 after acquiring an additional 128,667 shares during the period. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in Entergy by 66.7% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 11,042,159 shares of the utilities provider's stock worth $837,216,000 after acquiring an additional 4,418,528 shares during the period. Franklin Resources Inc. grew its holdings in shares of Entergy by 76.3% during the 4th quarter. Franklin Resources Inc. now owns 10,079,631 shares of the utilities provider's stock worth $764,238,000 after acquiring an additional 4,360,772 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Entergy by 105.1% during the 4th quarter. JPMorgan Chase & Co. now owns 7,363,219 shares of the utilities provider's stock valued at $558,279,000 after buying an additional 3,773,492 shares in the last quarter. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Scotiabank reduced their price objective on Entergy from $165.00 to $82.00 and set a "sector perform" rating for the company in a report on Tuesday, January 7th. Wells Fargo & Company boosted their price objective on Entergy from $85.00 to $97.00 and gave the company an "overweight" rating in a research report on Wednesday, February 19th. Evercore ISI boosted their price target on shares of Entergy from $75.00 to $86.00 and gave the stock an "in-line" rating in a research note on Wednesday, February 19th. Morgan Stanley boosted their price target on shares of Entergy from $75.00 to $78.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 20th. Finally, BMO Capital Markets boosted their target price on Entergy from $79.00 to $94.00 and gave the company an "outperform" rating in a research report on Wednesday, February 19th. Six research 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. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $84.75.

Entergy Price Performance

Entergy stock traded down $0.55 during midday trading on Monday, reaching $78.48. 2,364,755 shares of the company were exchanged, compared to its average volume of 4,277,411. The firm's 50-day simple moving average is $83.52 and its 200-day simple moving average is $76.69. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.59 and a current ratio of 0.72. The company has a market capitalization of $33.81 billion, a price-to-earnings ratio of 32.15, a P/E/G ratio of 2.34 and a beta of 0.56. Entergy Corporation has a 1 year low of $50.19 and a 1 year high of $88.38.

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

Entergy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 10th were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date was Monday, February 10th. Entergy's dividend payout ratio (DPR) is 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.