Two Sigma Investments LP Raises Position in Entergy Corporation (NYSE:ETR)

Two Sigma Investments LP boosted its holdings in Entergy Corporation (NYSE:ETR) by 220.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,020,445 shares of the utilities provider’s stock after purchasing an additional 701,528 shares during the period. Two Sigma Investments LP owned approximately 0.24% of Entergy worth $77,370,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in ETR. Gen Wealth Partners Inc lifted its stake in shares of Entergy by 27.5% in the 4th quarter. Gen Wealth Partners Inc now owns 668 shares of the utilities provider’s stock valued at $51,000 after acquiring an additional 144 shares during the last quarter. Hall Laurie J Trustee increased its stake in Entergy by 50.0% in the 4th quarter. Hall Laurie J Trustee now owns 450 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 150 shares during the period. NBT Bank N A NY lifted its position in 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 during the last quarter. Fortis Group Advisors LLC boosted its stake in shares of Entergy by 100.0% during 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 during the period. Finally, Legacy Investment Solutions LLC boosted its stake in shares of Entergy by 85.1% during the fourth quarter. Legacy Investment Solutions LLC now owns 374 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 172 shares during the period. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on ETR shares. KeyCorp raised shares of Entergy from a “sector weight” rating to an “overweight” rating and set a $85.00 target price on the stock in a research note on Wednesday, May 14th. Wells Fargo & Company boosted their price objective 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. UBS Group upped their price objective on shares of Entergy from $86.00 to $96.00 and gave the company a “buy” rating in a research note on Friday, March 21st. JPMorgan Chase & Co. increased their target price on shares of Entergy from $87.00 to $98.00 and gave the stock an “overweight” rating in a report on Tuesday, March 11th. Finally, BMO Capital Markets raised their target price on Entergy from $89.00 to $93.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 30th. Four research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $86.04.

Entergy Stock Performance

Entergy stock opened at $82.95 on Tuesday. Entergy Corporation has a fifty-two week low of $52.07 and a fifty-two week high of $88.38. The stock’s 50 day simple moving average is $83.04 and its two-hundred day simple moving average is $80.23. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.59 and a current ratio of 0.72. The stock has a market cap of $35.73 billion, a price-to-earnings ratio of 34.07, a PEG ratio of 2.34 and a beta of 0.62.

Entergy (NYSE:ETR) last released its earnings results on Tuesday, April 29th. The utilities provider reported $0.82 EPS for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $3.13 billion. During the same quarter last year, the business posted $0.54 EPS. As a group, analysts expect that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders 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 yield of 2.89%. The ex-dividend date of this dividend is Friday, May 2nd. Entergy’s dividend payout ratio is currently 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.