Entergy Corporation (NYSE:ETR) Shares Bought by QRG Capital Management Inc.

QRG Capital Management Inc. lifted its position in shares of Entergy Corporation (NYSE:ETR) by 125.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 289,187 shares of the utilities provider’s stock after acquiring an additional 161,153 shares during the quarter. QRG Capital Management Inc. owned 0.07% of Entergy worth $21,926,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of ETR. Franklin Resources Inc. boosted its stake in shares of Entergy by 53.0% during the 3rd quarter. Franklin Resources Inc. now owns 5,718,859 shares of the utilities provider’s stock worth $754,318,000 after acquiring an additional 1,981,611 shares in the last quarter. Jennison Associates LLC boosted its stake in shares of Entergy by 139.5% during the 4th quarter. Jennison Associates LLC now owns 2,423,556 shares of the utilities provider’s stock worth $183,754,000 after acquiring an additional 1,411,473 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Entergy by 60.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,589,727 shares of the utilities provider’s stock worth $472,444,000 after acquiring an additional 1,354,355 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Entergy by 87.4% during the 4th quarter. Bank of New York Mellon Corp now owns 2,848,293 shares of the utilities provider’s stock worth $215,958,000 after acquiring an additional 1,328,694 shares in the last quarter. Finally, Truist Financial Corp boosted its stake in shares of Entergy by 105.0% during the 4th quarter. Truist Financial Corp now owns 2,072,950 shares of the utilities provider’s stock worth $157,171,000 after acquiring an additional 1,061,527 shares in the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Insider Transactions at Entergy

In related news, insider Deanna D. Rodriguez sold 6,088 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $73.94, for a total value of $450,146.72. Following the completion of the sale, the insider now directly owns 3,952 shares in the company, valued at approximately $292,210.88. This represents a 60.64 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.39% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Bank of America lowered Entergy from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $69.00 to $77.00 in a research note on Monday, November 4th. Mizuho upped their target price on Entergy from $69.00 to $82.50 and gave the company an “outperform” rating in a research note on Monday, November 4th. UBS Group upped their target price on Entergy from $72.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Guggenheim upped their target price on Entergy from $72.50 to $82.50 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, BMO Capital Markets upped 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. Six investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Entergy currently has a consensus rating of “Moderate Buy” and a consensus target price of $82.14.

Entergy Trading Up 0.8 %

Shares of Entergy stock opened at $86.09 on Thursday. The firm has a market cap of $37.05 billion, a PE ratio of 35.36, a P/E/G ratio of 2.34 and a beta of 0.72. The company has a quick ratio of 0.59, a current ratio of 0.72 and a debt-to-equity ratio of 1.81. The business’s fifty day moving average is $80.13 and its two-hundred day moving average is $72.15. Entergy Corporation has a fifty-two week low of $49.80 and a fifty-two week high of $88.38.

Entergy (NYSE:ETR) last released its quarterly earnings data on Tuesday, February 18th. The utilities provider reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.03. The business had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $3.24 billion. Entergy had a return on equity of 10.68% and a net margin of 8.90%. During the same period in the prior year, the firm posted $0.26 EPS. Analysts anticipate that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 10th will be issued 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 dividend yield of 2.79%. Entergy’s payout ratio is 98.77%.

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.