Polymer Capital Management HK LTD Makes New Investment in Entergy Corporation (NYSE:ETR)

Polymer Capital Management HK LTD purchased a new stake in Entergy Corporation (NYSE:ETR) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 14,233 shares of the utilities provider’s stock, valued at approximately $1,079,000.

A number of other large investors also recently modified their holdings of ETR. IHT Wealth Management LLC bought a new position in Entergy in the third quarter valued at about $226,000. Quantinno Capital Management LP raised its holdings in Entergy by 19.1% in the 3rd quarter. Quantinno Capital Management LP now owns 31,538 shares of the utilities provider’s stock valued at $4,151,000 after buying an additional 5,057 shares during the last quarter. Stifel Financial Corp boosted its position in Entergy by 8.2% during the 3rd quarter. Stifel Financial Corp now owns 164,211 shares of the utilities provider’s stock worth $21,612,000 after buying an additional 12,383 shares during the period. EP Wealth Advisors LLC bought a new stake in Entergy during the 3rd quarter worth approximately $625,000. Finally, XTX Topco Ltd acquired a new position in Entergy in the 3rd quarter valued at approximately $958,000. 88.07% of the stock is currently owned by institutional investors.

Entergy Stock Performance

Shares of ETR opened at $79.02 on Monday. Entergy Corporation has a one year low of $50.19 and a one year high of $88.38. The company has a market cap of $34.04 billion, a PE ratio of 32.45, a P/E/G ratio of 2.34 and a beta of 0.56. The stock has a 50-day moving average of $83.52 and a 200-day moving average of $76.69. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.72 and a quick ratio of 0.59.

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

Entergy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 10th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date was Monday, February 10th. Entergy’s dividend payout ratio is currently 98.77%.

Analyst Ratings Changes

ETR has been the topic of several analyst reports. 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 note on Thursday, January 30th. 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. Wells Fargo & Company increased their price target on Entergy from $85.00 to $97.00 and gave the company an “overweight” rating in a research note on Wednesday, February 19th. Scotiabank cut their price objective on Entergy from $165.00 to $82.00 and set a “sector perform” rating on the stock in a research note on Tuesday, January 7th. Finally, JPMorgan Chase & Co. increased their target price on shares of Entergy from $87.00 to $98.00 and gave the company an “overweight” rating in a research report on Tuesday, March 11th. Six analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average 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.