Susquehanna Fundamental Investments LLC Buys New Shares in Entergy Corporation (NYSE:ETR)

Susquehanna Fundamental Investments LLC acquired a new position in shares of Entergy Corporation (NYSE:ETR - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 397,418 shares of the utilities provider's stock, valued at approximately $30,132,000. Susquehanna Fundamental Investments LLC owned about 0.09% of Entergy as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Legacy Financial Advisors Inc. raised its position in Entergy by 60.0% during the 4th quarter. Legacy Financial Advisors Inc. now owns 16,077 shares of the utilities provider's stock worth $1,219,000 after buying an additional 6,028 shares during the last quarter. Strategic Financial Concepts LLC purchased a new position in Entergy during the 4th quarter worth $4,393,000. Flagship Harbor Advisors LLC raised its position in Entergy by 74.3% during the 4th quarter. Flagship Harbor Advisors LLC now owns 7,959 shares of the utilities provider's stock worth $603,000 after buying an additional 3,393 shares during the last quarter. LaFleur & Godfrey LLC purchased a new position in Entergy during the 4th quarter worth $217,000. Finally, Bank of Montreal Can raised its position in Entergy by 74.3% during the 4th quarter. Bank of Montreal Can now owns 670,923 shares of the utilities provider's stock worth $50,869,000 after buying an additional 286,005 shares during the last quarter. Hedge funds and other institutional investors own 88.07% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on ETR shares. Evercore ISI upped their price target 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. Wells Fargo & Company upped their price target on shares of Entergy from $85.00 to $97.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 19th. Scotiabank lowered their price target 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. LADENBURG THALM/SH SH raised shares of Entergy from a "neutral" rating to a "buy" rating and set a $86.50 price target on the stock in a research note on Thursday, January 30th. Finally, JPMorgan Chase & Co. upped their price target on shares of Entergy from $87.00 to $98.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 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. Based on data from MarketBeat, Entergy presently has a consensus rating of "Moderate Buy" and an average price target of $85.25.

Entergy Price Performance

NYSE ETR traded up $0.49 during trading hours on Monday, reaching $85.10. The company's stock had a trading volume of 3,018,592 shares, compared to its average volume of 3,667,854. Entergy Corporation has a fifty-two week low of $52.07 and a fifty-two week high of $88.38. The stock has a market cap of $36.66 billion, a PE ratio of 34.95, a PEG ratio of 2.34 and a beta of 0.56. The company's 50-day moving average is $83.47 and its two-hundred day moving average is $78.71. 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 (NYSE:ETR - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share (EPS) 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 for the quarter, compared to analysts' expectations of $3.24 billion. During the same period last year, the company earned $0.26 EPS. Analysts forecast that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Friday, May 2nd will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $2.40 annualized dividend and a dividend yield of 2.82%. Entergy's dividend payout ratio is currently 98.77%.

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.