Entergy Corporation (NYSE:ETR) Shares Purchased by Twin Capital Management Inc.

Twin Capital Management Inc. grew its stake in shares of Entergy Corporation (NYSE:ETR - Free Report) by 97.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,592 shares of the utilities provider's stock after purchasing an additional 3,261 shares during the quarter. Twin Capital Management Inc.'s holdings in Entergy were worth $500,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Legal & General Group Plc raised its stake in Entergy by 68.3% during the 4th quarter. Legal & General Group Plc now owns 3,614,599 shares of the utilities provider's stock worth $274,059,000 after acquiring an additional 1,466,828 shares in the last quarter. Invesco Ltd. increased its position in shares of Entergy by 63.8% during the fourth quarter. Invesco Ltd. now owns 8,514,250 shares of the utilities provider's stock worth $645,550,000 after purchasing an additional 3,316,758 shares in the last quarter. Employees Retirement System of Texas grew its stake in Entergy by 100.0% during the 4th quarter. Employees Retirement System of Texas now owns 1,191,800 shares of the utilities provider's stock worth $90,362,000 after buying an additional 595,900 shares during the last quarter. Bank of Montreal Can increased its position in Entergy by 74.3% during the fourth 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 period. Finally, Polymer Capital Management US LLC acquired a new stake in shares of Entergy in the fourth quarter valued at approximately $11,462,000. Hedge funds and other institutional investors own 88.07% of the company's stock.

Remove Ads

Entergy Price Performance

Shares of NYSE:ETR traded up $1.43 on Friday, reaching $81.71. 3,384,251 shares of the company were exchanged, compared to its average volume of 3,698,418. The company has a 50-day moving average of $83.48 and a 200-day moving average of $77.35. The company has a current ratio of 0.72, a quick ratio of 0.59 and a debt-to-equity ratio of 1.81. The firm has a market cap of $35.20 billion, a price-to-earnings ratio of 33.55, a price-to-earnings-growth ratio of 2.34 and a beta of 0.56. Entergy Corporation has a 1-year low of $50.19 and a 1-year high of $88.38.

Entergy (NYSE:ETR - Get Free Report) last issued its 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 for the quarter, compared to analyst estimates of $3.24 billion. During the same period in the prior year, the business posted $0.26 earnings per share. Equities analysts forecast that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Friday, May 2nd will be issued 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 yield of 2.94%. Entergy's dividend payout ratio is presently 98.77%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on ETR shares. Evercore ISI lifted their target price on shares of Entergy from $75.00 to $86.00 and gave the company an "in-line" rating in a report on Wednesday, February 19th. LADENBURG THALM/SH SH raised shares of Entergy from a "neutral" rating to a "buy" rating and set a $86.50 target price for the company in a report on Thursday, January 30th. UBS Group raised their price target on Entergy from $86.00 to $96.00 and gave the stock a "buy" rating in a report on Friday, March 21st. StockNews.com raised Entergy from a "sell" rating to a "hold" rating in a research note on Sunday, December 29th. Finally, Wells Fargo & Company lifted their target price on Entergy from $85.00 to $97.00 and gave the company an "overweight" rating in a research note on Wednesday, February 19th. Six 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 stock. According to data from MarketBeat, Entergy presently has an average rating of "Moderate Buy" and an average price target of $85.25.

About Entergy

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.