Quaero Capital S.A. Increases Holdings in Entergy Corporation (NYSE:ETR)

Quaero Capital S.A. increased its stake in Entergy Corporation (NYSE:ETR - Free Report) by 84.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 17,806 shares of the utilities provider's stock after purchasing an additional 8,143 shares during the quarter. Entergy comprises about 1.7% of Quaero Capital S.A.'s holdings, making the stock its 28th largest position. Quaero Capital S.A.'s holdings in Entergy were worth $1,350,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the stock. State Street Corp grew 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 purchasing an additional 128,667 shares in the last quarter. FMR LLC grew its position in shares of Entergy by 5.0% in the third quarter. FMR LLC now owns 6,613,647 shares of the utilities provider's stock valued at $870,422,000 after purchasing an additional 315,750 shares in the last quarter. Franklin Resources Inc. grew its position in shares of Entergy by 53.0% in the third quarter. Franklin Resources Inc. now owns 5,718,859 shares of the utilities provider's stock valued at $754,318,000 after purchasing an additional 1,981,611 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Entergy by 0.8% in the third quarter. Geode Capital Management LLC now owns 4,965,257 shares of the utilities provider's stock valued at $651,206,000 after purchasing an additional 37,279 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Entergy by 60.6% in the third quarter. JPMorgan Chase & Co. now owns 3,589,727 shares of the utilities provider's stock valued at $472,444,000 after purchasing an additional 1,354,355 shares in the last quarter. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Entergy

In related news, insider Deanna D. Rodriguez sold 6,088 shares of the business's stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $73.94, for a total transaction of $450,146.72. Following the transaction, the insider now owns 3,952 shares in the company, valued at $292,210.88. The trade was a 60.64 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.54% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on ETR shares. BMO Capital Markets lifted their price objective on Entergy from $79.00 to $94.00 and gave the company an "outperform" rating in a research note on Wednesday. Guggenheim lifted their price objective on Entergy from $72.50 to $82.50 and gave the company a "buy" rating in a research note on Friday, November 1st. Mizuho lifted their price objective on Entergy from $69.00 to $82.50 and gave the company an "outperform" rating in a research note on Monday, November 4th. Evercore ISI lifted their price objective on Entergy from $75.00 to $86.00 and gave the company an "in-line" rating in a research note on Wednesday. Finally, Bank of America lowered Entergy from a "buy" rating to a "neutral" rating and lifted their price objective for the company from $69.00 to $77.00 in a research note on Monday, November 4th. Six research 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, the company presently has a consensus rating of "Moderate Buy" and an average price target of $82.14.

Entergy Trading Down 0.1 %

Shares of ETR traded down $0.10 during trading hours on Wednesday, hitting $87.31. The company had a trading volume of 4,674,967 shares, compared to its average volume of 3,805,474. The firm has a market cap of $37.44 billion, a P/E ratio of 21.27, a P/E/G ratio of 2.52 and a beta of 0.72. The stock's 50 day moving average price is $78.74 and its 200 day moving average price is $71.08. The company has a quick ratio of 0.59, a current ratio of 0.89 and a debt-to-equity ratio of 1.77. Entergy Corporation has a 52-week low of $49.80 and a 52-week high of $88.38.

Entergy (NYSE:ETR - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The utilities provider reported $0.66 EPS for the quarter, topping the consensus estimate of $0.63 by $0.03. The firm had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $3.24 billion. Entergy had a return on equity of 9.53% and a net margin of 14.83%. During the same quarter in the previous year, the business earned $0.26 earnings per share. On average, research analysts predict that Entergy Corporation will post 3.63 EPS for the current year.

Entergy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 10th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $2.40 annualized dividend and a dividend yield of 2.75%. Entergy's dividend payout ratio is currently 58.47%.

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.