Polymer Capital Management HK LTD Makes New $1.08 Million Investment in Entergy Corporation (NYSE:ETR)

Polymer Capital Management HK LTD bought a new position in shares of Entergy Corporation (NYSE:ETR - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 14,233 shares of the utilities provider's stock, valued at approximately $1,079,000.

Several other institutional investors have also modified their holdings of ETR. Vanguard Group Inc. increased its holdings in Entergy by 101.9% during the 4th 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. Geode Capital Management LLC raised its holdings in Entergy by 106.2% in 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 in the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in Entergy by 66.7% during the 4th 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 in the last quarter. Franklin Resources Inc. increased its position 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 purchasing an additional 4,360,772 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Entergy by 105.1% in the 4th quarter. JPMorgan Chase & Co. now owns 7,363,219 shares of the utilities provider's stock valued at $558,279,000 after purchasing an additional 3,773,492 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company's stock.

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Entergy Price Performance

Shares of ETR traded up $1.43 during trading hours on Friday, reaching $81.71. The company had a trading volume of 3,384,251 shares, compared to its average volume of 3,694,283. The company has a market capitalization of $35.20 billion, a price-to-earnings ratio of 33.55, a PEG ratio of 2.34 and a beta of 0.56. Entergy Corporation has a 12-month low of $50.19 and a 12-month high of $88.38. The firm has a 50 day simple moving average of $83.48 and a 200-day simple moving average of $77.26. 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 announced its quarterly earnings results on Tuesday, February 18th. The utilities provider reported $0.66 EPS for the quarter, topping the consensus estimate of $0.63 by $0.03. Entergy had a return on equity of 10.68% and a net margin of 8.90%. The business had revenue of $2.74 billion for the quarter, compared to analyst estimates of $3.24 billion. During the same quarter in the previous year, the company earned $0.26 EPS. Research analysts expect that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Friday, May 2nd will be given a $0.60 dividend. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $2.40 annualized dividend and a dividend yield of 2.94%. Entergy's dividend payout ratio is presently 98.77%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. increased their price objective on Entergy from $87.00 to $98.00 and gave the company an "overweight" rating in a report on Tuesday, March 11th. Barclays increased their target price on shares of Entergy from $79.00 to $88.00 and gave the company an "overweight" rating in a research report on Tuesday. UBS Group raised their price objective on Entergy from $86.00 to $96.00 and gave the stock a "buy" rating in a report on Friday, March 21st. Evercore ISI boosted their target price on Entergy from $75.00 to $86.00 and gave the company an "in-line" rating in a report on Wednesday, February 19th. Finally, Morgan Stanley lifted their price target on Entergy from $75.00 to $78.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 20th. Six research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus 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.