Entergy Corporation (NYSE:ETR) Shares Bought by Rhumbline Advisers

Rhumbline Advisers raised its stake in Entergy Corporation (NYSE:ETR - Free Report) by 103.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 735,142 shares of the utilities provider's stock after buying an additional 373,692 shares during the period. Rhumbline Advisers owned about 0.17% of Entergy worth $55,738,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Global Retirement Partners LLC increased its holdings in Entergy by 4.3% during the 3rd quarter. Global Retirement Partners LLC now owns 7,629 shares of the utilities provider's stock worth $1,004,000 after purchasing an additional 317 shares during the period. Bleakley Financial Group LLC increased its stake in shares of Entergy by 2.7% during the third quarter. Bleakley Financial Group LLC now owns 10,697 shares of the utilities provider's stock valued at $1,408,000 after buying an additional 281 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in Entergy by 1.6% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,443 shares of the utilities provider's stock worth $2,822,000 after acquiring an additional 344 shares during the period. Net Worth Advisory Group bought a new position in Entergy during the 3rd quarter worth about $227,000. Finally, Blue Trust Inc. raised its holdings in shares of Entergy by 700.0% in the 3rd quarter. Blue Trust Inc. now owns 1,696 shares of the utilities provider's stock valued at $223,000 after purchasing an additional 1,484 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Entergy

In other news, insider Deanna D. Rodriguez sold 6,088 shares of the company's stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $73.94, for a total value of $450,146.72. Following the sale, the insider now owns 3,952 shares in the company, valued at $292,210.88. This represents a 60.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.39% of the stock is owned by corporate insiders.

Entergy Stock Performance

Shares of ETR stock traded down $1.51 during mid-day trading on Thursday, reaching $85.82. The stock had a trading volume of 4,006,557 shares, compared to its average volume of 3,811,568. Entergy Corporation has a 1-year low of $49.80 and a 1-year high of $88.38. The firm has a market cap of $36.80 billion, a price-to-earnings ratio of 35.24, a PEG ratio of 2.67 and a beta of 0.72. The company has a current ratio of 0.89, a quick ratio of 0.59 and a debt-to-equity ratio of 1.77. The business's fifty day moving average is $79.01 and its 200-day moving average is $71.19.

Entergy (NYSE:ETR - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share 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 10.75%. The company had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $3.24 billion. During the same quarter in the prior year, the company earned $0.26 EPS. On average, research analysts forecast that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 10th will be given a dividend of $0.60 per share. The ex-dividend date is Monday, February 10th. This represents a $2.40 dividend on an annualized basis and a yield of 2.80%. Entergy's dividend payout ratio is presently 98.77%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. LADENBURG THALM/SH SH raised shares of Entergy from a "neutral" rating to a "buy" rating and set a $86.50 price objective for the company in a research note on Thursday, January 30th. KeyCorp downgraded Entergy from an "overweight" rating to a "sector weight" rating in a research report on Wednesday, December 4th. Guggenheim boosted their target price on shares of Entergy from $72.50 to $82.50 and gave the stock a "buy" rating in a report on Friday, November 1st. Bank of America cut shares of Entergy from a "buy" rating to a "neutral" rating and raised their price target for the company from $69.00 to $77.00 in a report on Monday, November 4th. Finally, StockNews.com upgraded shares of Entergy from a "sell" rating to a "hold" rating in a research note on Sunday, December 29th. Six research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Entergy has an average rating of "Moderate Buy" and an average price target of $82.14.

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.