Entergy Corporation (NYSE:ETR) Shares Acquired by Soroban Capital Partners LP

Soroban Capital Partners LP boosted its holdings in Entergy Corporation (NYSE:ETR) by 100.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,874,758 shares of the utilities provider’s stock after purchasing an additional 1,437,379 shares during the quarter. Entergy comprises approximately 2.9% of Soroban Capital Partners LP’s portfolio, making the stock its 12th biggest position. Soroban Capital Partners LP’s holdings in Entergy were worth $217,964,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Fortis Group Advisors LLC boosted its stake in Entergy by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 172 shares in the last quarter. NBT Bank N A NY lifted its holdings in shares of Entergy by 100.0% in the 4th 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. Duncker Streett & Co. Inc. boosted its position in shares of Entergy by 100.0% in the 4th quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 179 shares during the period. Sandy Spring Bank grew its stake in Entergy by 100.0% during the 4th quarter. Sandy Spring Bank now owns 358 shares of the utilities provider’s stock worth $27,000 after buying an additional 179 shares during the last quarter. Finally, Riverview Trust Co increased its position in Entergy by 100.0% during the fourth quarter. Riverview Trust Co now owns 364 shares of the utilities provider’s stock worth $28,000 after buying an additional 182 shares during the period. 88.07% of the stock is owned by institutional investors and hedge funds.

Entergy Price Performance

ETR opened at $83.10 on Monday. Entergy Corporation has a 52-week low of $52.07 and a 52-week high of $88.38. The company has a 50 day moving average of $83.03 and a two-hundred day moving average of $80.16. The company has a market cap of $35.80 billion, a P/E ratio of 34.13, a P/E/G ratio of 2.34 and a beta of 0.62. The company has a quick ratio of 0.59, a current ratio of 0.72 and a debt-to-equity ratio of 1.81.

Entergy (NYSE:ETR) last posted its quarterly earnings data on Tuesday, April 29th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.22. The company had revenue of $3.02 billion for the quarter, compared to analyst estimates of $3.13 billion. Entergy had a net margin of 8.90% and a return on equity of 10.68%. During the same quarter last year, the firm posted $0.54 earnings per share. On average, analysts expect 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 will be paid on Monday, June 2nd. Investors of record on Friday, May 2nd will be paid 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 (DPR) is presently 77.92%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on ETR shares. KeyCorp upgraded 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 report on Wednesday, May 14th. Barclays lifted their price objective on shares of Entergy from $88.00 to $91.00 and gave the company an “overweight” rating in a research note on Thursday, May 1st. UBS Group upped their target price on shares of Entergy from $86.00 to $96.00 and gave the company a “buy” rating in a report on Friday, March 21st. Evercore ISI raised their price target on Entergy from $75.00 to $86.00 and gave the stock an “in-line” rating in a report on Wednesday, February 19th. Finally, JPMorgan Chase & Co. upped their price objective on Entergy from $87.00 to $98.00 and gave the company an “overweight” rating in a research note on Tuesday, March 11th. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Entergy currently has a consensus rating of “Moderate Buy” and an average target price of $86.04.

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.