GAMMA Investing LLC Has $113.50 Million Holdings in Entergy Corporation (NYSE:ETR)

GAMMA Investing LLC boosted its stake in shares of Entergy Corporation (NYSE:ETR) by 9,289.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,327,660 shares of the utilities provider’s stock after buying an additional 1,313,520 shares during the period. GAMMA Investing LLC owned about 0.31% of Entergy worth $113,502,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Gen Wealth Partners Inc boosted its position in Entergy by 27.5% during the fourth quarter. Gen Wealth Partners Inc now owns 668 shares of the utilities provider’s stock worth $51,000 after purchasing an additional 144 shares during the period. NBT Bank N A NY boosted its position in Entergy by 100.0% during the fourth quarter. NBT Bank N A NY now owns 340 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 170 shares during the period. Fortis Group Advisors LLC boosted its position in Entergy by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 172 shares during the period. Legacy Investment Solutions LLC boosted its position in Entergy by 85.1% during the fourth quarter. Legacy Investment Solutions LLC now owns 374 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 172 shares during the period. Finally, Duncker Streett & Co. Inc. boosted its position in Entergy by 100.0% during the fourth quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 179 shares during the period. Institutional investors and hedge funds own 88.07% of the company’s stock.

Analyst Upgrades and Downgrades

ETR has been the subject of a number of recent analyst reports. KeyCorp raised Entergy from a “sector weight” rating to an “overweight” rating and set a $85.00 target price for the company in a research report on Wednesday, May 14th. JPMorgan Chase & Co. increased their price objective on Entergy from $87.00 to $98.00 and gave the company an “overweight” rating in a research report on Tuesday, March 11th. Wells Fargo & Company increased their price objective on Entergy from $85.00 to $97.00 and gave the company an “overweight” rating in a research report on Wednesday, February 19th. Morgan Stanley reissued an “overweight” rating on shares of Entergy in a research report on Wednesday, April 23rd. Finally, UBS Group increased their price objective on Entergy from $86.00 to $96.00 and gave the company a “buy” rating in a research report on Friday, March 21st. Four equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Entergy presently has a consensus rating of “Moderate Buy” and an average target price of $86.04.

Entergy Stock Up 1.0%

Shares of ETR stock opened at $83.20 on Monday. The stock has a market cap of $35.84 billion, a P/E ratio of 34.17, a price-to-earnings-growth ratio of 2.34 and a beta of 0.62. Entergy Corporation has a one year low of $52.07 and a one year high of $88.38. The stock has a fifty day moving average price of $82.77 and a 200 day moving average price of $80.80. 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 issued its earnings results on Tuesday, April 29th. The utilities provider reported $0.82 EPS for the quarter, topping the consensus estimate of $0.60 by $0.22. The firm had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $3.13 billion. Entergy had a return on equity of 10.68% and a net margin of 8.90%. During the same period last year, the business earned $0.54 earnings per share. Analysts predict that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Friday, May 2nd will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.88%. Entergy’s payout ratio is presently 77.92%.

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.