Signaturefd LLC Buys 3,991 Shares of Entergy Corporation (NYSE:ETR)

Signaturefd LLC raised its position in Entergy Corporation (NYSE:ETR - Free Report) by 152.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 6,601 shares of the utilities provider's stock after buying an additional 3,991 shares during the period. Signaturefd LLC's holdings in Entergy were worth $500,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. State Street Corp raised its stake in shares of Entergy by 1.1% during the third quarter. State Street Corp now owns 11,408,776 shares of the utilities provider's stock worth $1,501,509,000 after buying an additional 128,667 shares during the last quarter. FMR LLC raised its position in shares of Entergy by 5.0% during the 3rd quarter. FMR LLC now owns 6,613,647 shares of the utilities provider's stock valued at $870,422,000 after acquiring an additional 315,750 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of Entergy by 53.0% in the 3rd 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 during the period. Geode Capital Management LLC boosted its position in shares of Entergy by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 4,965,257 shares of the utilities provider's stock worth $651,206,000 after purchasing an additional 37,279 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Entergy by 60.6% during the third quarter. JPMorgan Chase & Co. now owns 3,589,727 shares of the utilities provider's stock worth $472,444,000 after purchasing an additional 1,354,355 shares during the period. 88.07% of the stock is owned by institutional investors and hedge funds.

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Entergy Stock Down 1.3 %

Shares of ETR stock traded down $1.09 on Tuesday, hitting $82.92. 4,658,302 shares of the stock were exchanged, compared to its average volume of 3,337,904. The business has a 50-day moving average of $83.04 and a 200 day moving average of $75.32. Entergy Corporation has a fifty-two week low of $50.19 and a fifty-two week high of $88.38. The firm has a market capitalization of $35.72 billion, a P/E ratio of 34.05, a price-to-earnings-growth ratio of 2.34 and a beta of 0.68. 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 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 10.68%. The company had revenue of $2.74 billion during the quarter, compared to analysts' expectations of $3.24 billion. During the same period last year, the business earned $0.26 EPS. Equities analysts anticipate that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 10th were paid a $0.60 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $2.40 annualized dividend and a yield of 2.89%. Entergy's payout ratio is currently 98.77%.

Analyst Upgrades and Downgrades

ETR has been the topic of several analyst reports. BMO Capital Markets increased their target price on Entergy from $79.00 to $94.00 and gave the company an "outperform" rating in a research note on Wednesday, February 19th. Evercore ISI lifted their price objective on shares of Entergy from $75.00 to $86.00 and gave the stock an "in-line" rating in a research note on Wednesday, February 19th. Morgan Stanley boosted their price objective on shares of Entergy from $75.00 to $78.00 and gave the company an "equal weight" rating in a report on Thursday, March 20th. KeyCorp lowered shares of Entergy from an "overweight" rating to a "sector weight" rating in a report on Wednesday, December 4th. Finally, StockNews.com raised shares of Entergy from a "sell" rating to a "hold" rating in a report on Sunday, December 29th. 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.com, Entergy currently has a consensus rating of "Moderate Buy" and a consensus price target of $84.75.

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.