Entergy Corporation (NYSE:ETR) Stake Raised by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC boosted its holdings in shares of Entergy Corporation (NYSE:ETR) by 114.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 101,574 shares of the utilities provider’s stock after acquiring an additional 54,192 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Entergy were worth $7,701,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. D.A. Davidson & CO. boosted its holdings in shares of Entergy by 7.9% during the third quarter. D.A. Davidson & CO. now owns 2,459 shares of the utilities provider’s stock worth $324,000 after purchasing an additional 181 shares during the period. Edgestream Partners L.P. boosted its stake in shares of Entergy by 167.8% during the 3rd quarter. Edgestream Partners L.P. now owns 18,920 shares of the utilities provider’s stock valued at $2,490,000 after buying an additional 11,856 shares during the period. Benjamin Edwards Inc. grew its holdings in shares of Entergy by 32.9% during the 3rd quarter. Benjamin Edwards Inc. now owns 38,006 shares of the utilities provider’s stock valued at $5,002,000 after acquiring an additional 9,417 shares in the last quarter. Hilltop Holdings Inc. increased its stake in shares of Entergy by 18.3% in the third quarter. Hilltop Holdings Inc. now owns 3,044 shares of the utilities provider’s stock worth $401,000 after acquiring an additional 471 shares during the last quarter. Finally, Investment Management Corp of Ontario boosted its position in Entergy by 48.2% during the third quarter. Investment Management Corp of Ontario now owns 7,069 shares of the utilities provider’s stock valued at $930,000 after purchasing an additional 2,300 shares during the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Entergy Stock Up 0.2 %

ETR opened at $85.63 on Wednesday. Entergy Corporation has a 1-year low of $50.19 and a 1-year high of $88.38. The business has a 50 day moving average of $83.45 and a 200-day moving average of $76.28. The stock has a market capitalization of $36.89 billion, a price-to-earnings ratio of 35.17, a P/E/G 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) last posted 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. The company had revenue of $2.74 billion for the quarter, compared to analyst estimates of $3.24 billion. Entergy had a net margin of 8.90% and a return on equity of 10.68%. During the same period last year, the business posted $0.26 EPS. As a group, sell-side analysts anticipate that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 10th were given a $0.60 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.80%. Entergy’s dividend payout ratio is currently 98.77%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. raised their price target on Entergy from $87.00 to $98.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 11th. LADENBURG THALM/SH SH raised shares of Entergy from a “neutral” rating to a “buy” rating and set a $86.50 price objective on the stock in a research report on Thursday, January 30th. StockNews.com raised shares of Entergy from a “sell” rating to a “hold” rating in a research report on Sunday, December 29th. KeyCorp downgraded shares of Entergy from an “overweight” rating to a “sector weight” rating in a report on Wednesday, December 4th. Finally, Morgan Stanley upped their price objective on shares of Entergy from $75.00 to $78.00 and gave the stock an “equal weight” rating in a report on Thursday, March 20th. Six analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company 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.