Kaizen Financial Strategies Has $372,000 Stake in Entergy Corporation (NYSE:ETR)

Kaizen Financial Strategies grew its position in Entergy Corporation (NYSE:ETR) by 100.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,900 shares of the utilities provider’s stock after acquiring an additional 2,450 shares during the period. Kaizen Financial Strategies’ holdings in Entergy were worth $372,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Entergy by 101.9% during the fourth quarter. Vanguard Group Inc. now owns 52,133,646 shares of the utilities provider’s stock worth $3,952,773,000 after purchasing an additional 26,312,267 shares during the last quarter. Bank of America Corp DE lifted its position in Entergy by 142.8% during the 4th quarter. Bank of America Corp DE now owns 17,594,747 shares of the utilities provider’s stock worth $1,334,034,000 after buying an additional 10,347,926 shares in the last quarter. FMR LLC grew its holdings in Entergy by 90.7% during the 4th quarter. FMR LLC now owns 12,612,407 shares of the utilities provider’s stock worth $956,273,000 after acquiring an additional 5,998,760 shares during the last quarter. Ameriprise Financial Inc. increased its position in Entergy by 71.4% in the 4th quarter. Ameriprise Financial Inc. now owns 12,884,421 shares of the utilities provider’s stock valued at $976,895,000 after acquiring an additional 5,368,396 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Entergy by 106.2% in the fourth quarter. Geode Capital Management LLC now owns 10,236,816 shares of the utilities provider’s stock worth $774,103,000 after acquiring an additional 5,271,559 shares during the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. LADENBURG THALM/SH SH raised shares of Entergy from a “neutral” rating to a “buy” rating and set a $86.50 price target on the stock in a research note on Thursday, January 30th. Morgan Stanley restated an “overweight” rating on shares of Entergy in a research report on Wednesday, April 23rd. Barclays raised their price target on Entergy from $88.00 to $91.00 and gave the company an “overweight” rating in a report on Thursday, May 1st. Evercore ISI boosted their price objective on Entergy from $75.00 to $86.00 and gave the stock an “in-line” rating in a report on Wednesday, February 19th. Finally, Wells Fargo & Company upped their target price on shares of Entergy from $85.00 to $97.00 and gave the company an “overweight” rating in a research report on Wednesday, February 19th. Five equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $85.75.

Entergy Price Performance

ETR opened at $82.86 on Friday. The stock has a market cap of $35.69 billion, a P/E ratio of 34.03, a P/E/G ratio of 2.34 and a beta of 0.62. Entergy Corporation has a 12 month low of $52.07 and a 12 month high of $88.38. 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 company has a fifty day simple moving average of $83.07 and a 200 day simple moving average of $79.66.

Entergy (NYSE:ETR) last released its quarterly earnings results on Tuesday, April 29th. The utilities provider reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.22. Entergy had a return on equity of 10.68% and a net margin of 8.90%. The company had revenue of $3.02 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same quarter last year, the firm posted $0.54 earnings per share. On average, research analysts expect that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Friday, May 2nd will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.90%. The ex-dividend date is Friday, May 2nd. Entergy’s dividend payout ratio is 77.92%.

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.