Price T Rowe Associates Inc. MD Increases Holdings in Entergy Corporation (NYSE:ETR)

Price T Rowe Associates Inc. MD boosted its position in shares of Entergy Corporation (NYSE:ETR - Free Report) by 87.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,038,004 shares of the utilities provider's stock after purchasing an additional 953,145 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 0.48% of Entergy worth $154,522,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Hall Laurie J Trustee raised its position in Entergy by 50.0% during the fourth quarter. Hall Laurie J Trustee now owns 450 shares of the utilities provider's stock worth $34,000 after acquiring an additional 150 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Entergy by 0.6% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 29,336 shares of the utilities provider's stock valued at $2,224,000 after buying an additional 162 shares in the last quarter. NBT Bank N A NY increased its position in Entergy by 100.0% during the fourth quarter. NBT Bank N A NY now owns 340 shares of the utilities provider's stock worth $26,000 after buying an additional 170 shares in the last quarter. Fortis Group Advisors LLC raised its holdings in shares of Entergy by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider's stock worth $26,000 after acquiring an additional 172 shares during the last quarter. Finally, Legacy Investment Solutions LLC boosted its stake in shares of Entergy by 85.1% during the fourth quarter. Legacy Investment Solutions LLC now owns 374 shares of the utilities provider's stock valued at $31,000 after acquiring an additional 172 shares during the last quarter. Institutional investors and hedge funds own 88.07% of the company's stock.

Entergy Trading Down 0.4 %

NYSE ETR opened at $84.60 on Friday. 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 Corporation has a one year low of $52.07 and a one year high of $88.38. The company's 50 day moving average price is $83.51 and its 200 day moving average price is $78.48. The firm has a market capitalization of $36.44 billion, a price-to-earnings ratio of 34.74, a PEG ratio of 2.34 and a beta of 0.56.

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

Entergy Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts have issued reports on ETR shares. Evercore ISI upped their target price on shares of Entergy from $75.00 to $86.00 and gave the company an "in-line" rating in a report on Wednesday, February 19th. Barclays raised their target price on shares of Entergy from $79.00 to $88.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 8th. UBS Group increased their price target on Entergy from $86.00 to $96.00 and gave the stock a "buy" rating in a research note on Friday, March 21st. Scotiabank dropped their target price 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. Finally, BMO Capital Markets lowered their price target on Entergy from $94.00 to $89.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Five analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $85.25.

Entergy Company 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.

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