Rockefeller Capital Management L.P. Increases Stock Holdings in Entergy Corporation (NYSE:ETR)

Rockefeller Capital Management L.P. grew its position in shares of Entergy Corporation (NYSE:ETR - Free Report) by 104.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 266,383 shares of the utilities provider's stock after buying an additional 136,062 shares during the quarter. Rockefeller Capital Management L.P. owned 0.06% of Entergy worth $20,200,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Entergy by 101.9% during the 4th quarter. Vanguard Group Inc. now owns 52,133,646 shares of the utilities provider's stock valued at $3,952,773,000 after purchasing an additional 26,312,267 shares during the last quarter. FMR LLC grew its position in Entergy by 90.7% during the fourth quarter. FMR LLC now owns 12,612,407 shares of the utilities provider's stock valued at $956,273,000 after buying an additional 5,998,760 shares during the period. Geode Capital Management LLC raised its position 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 worth $774,103,000 after acquiring an additional 5,271,559 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of 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 during the last quarter. Finally, Franklin Resources Inc. grew its position 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 valued at $764,238,000 after acquiring an additional 4,360,772 shares during the period. Institutional investors own 88.07% of the company's stock.

Entergy Price Performance

ETR stock traded up $0.87 during mid-day trading on Friday, hitting $83.11. The company had a trading volume of 3,228,172 shares, compared to its average volume of 3,692,924. The company has a 50-day moving average price of $83.51 and a 200 day moving average price of $77.66. Entergy Corporation has a 12-month low of $51.17 and a 12-month high of $88.38. The company has a market capitalization of $35.80 billion, a price-to-earnings ratio of 34.13, a P/E/G ratio of 2.34 and a beta of 0.56. The company has a quick ratio of 0.59, a current ratio of 0.72 and a debt-to-equity ratio of 1.81.

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

Entergy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Friday, May 2nd will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date is Friday, May 2nd. Entergy's payout ratio is 98.77%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Barclays raised their target price on Entergy from $79.00 to $88.00 and gave the stock an "overweight" rating in a report on Tuesday, April 8th. Wells Fargo & Company lifted 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. JPMorgan Chase & Co. boosted their price objective on Entergy from $87.00 to $98.00 and gave the company an "overweight" rating in a research note on Tuesday, March 11th. Scotiabank decreased their target price on shares of Entergy from $165.00 to $82.00 and set a "sector perform" rating on the stock in a research note on Tuesday, January 7th. Finally, UBS Group upped their price target on shares of Entergy from $86.00 to $96.00 and gave the stock a "buy" rating in a research report on Friday, March 21st. Six research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Entergy has an average rating of "Moderate Buy" and an average price target of $85.25.

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.