Generali Asset Management SPA SGR Makes New $1.11 Million Investment in Entergy Corporation (NYSE:ETR)

Generali Asset Management SPA SGR acquired a new position in shares of Entergy Corporation (NYSE:ETR) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 14,586 shares of the utilities provider’s stock, valued at approximately $1,106,000.

A number of other large investors have also made changes to their positions in the stock. Fortis Group Advisors LLC grew its position in shares of Entergy by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 172 shares in the last quarter. NBT Bank N A NY grew its position in shares of Entergy by 100.0% in the fourth quarter. NBT Bank N A NY now owns 340 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 170 shares in the last quarter. Legacy Investment Solutions LLC purchased a new stake in shares of Entergy in the third quarter valued at approximately $27,000. Duncker Streett & Co. Inc. grew its position in shares of Entergy by 100.0% in the fourth quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 179 shares in the last quarter. Finally, Riverview Trust Co grew its position in shares of Entergy by 100.0% in the fourth quarter. Riverview Trust Co now owns 364 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 182 shares in the last quarter. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on ETR shares. Evercore ISI upped their price target on Entergy from $75.00 to $86.00 and gave the company an “in-line” rating in a research report on Wednesday, February 19th. Morgan Stanley upped their price target on Entergy from $75.00 to $78.00 and gave the company an “equal weight” rating in a research report on Thursday. UBS Group upped their price objective on Entergy from $72.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. BMO Capital Markets upped their price objective on Entergy from $79.00 to $94.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. Finally, StockNews.com upgraded Entergy from a “sell” rating to a “hold” rating in a report on Sunday, December 29th. Six equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Entergy currently has a consensus rating of “Moderate Buy” and an average target price of $84.32.

Entergy Stock Down 0.0 %

NYSE:ETR opened at $84.62 on Friday. 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 stock’s fifty day moving average is $82.75 and its two-hundred day moving average is $74.80. Entergy Corporation has a 52 week low of $50.19 and a 52 week high of $88.38. The stock has a market capitalization of $36.42 billion, a price-to-earnings ratio of 34.75, a price-to-earnings-growth ratio of 2.34 and a beta of 0.68.

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

Entergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 10th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.84%. The ex-dividend date was Monday, February 10th. Entergy’s 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.