Entergy Corporation (NYSE:ETR) Stake Lifted by Amundi

Amundi increased its stake in Entergy Corporation (NYSE:ETR) by 200.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 604,048 shares of the utilities provider’s stock after acquiring an additional 402,744 shares during the period. Amundi owned approximately 0.14% of Entergy worth $46,270,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Sigma Planning Corp grew its position in Entergy by 4.7% in the third quarter. Sigma Planning Corp now owns 3,182 shares of the utilities provider’s stock worth $419,000 after buying an additional 143 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in Entergy in the third quarter worth approximately $42,000. GSA Capital Partners LLP grew its position in Entergy by 196.7% in the third quarter. GSA Capital Partners LLP now owns 7,914 shares of the utilities provider’s stock worth $1,042,000 after buying an additional 5,247 shares during the last quarter. Prime Capital Investment Advisors LLC grew its position in Entergy by 2.0% in the third quarter. Prime Capital Investment Advisors LLC now owns 16,952 shares of the utilities provider’s stock worth $2,231,000 after buying an additional 336 shares during the last quarter. Finally, First Heartland Consultants Inc. acquired a new position in Entergy in the third quarter worth approximately $379,000. 88.07% of the stock is currently owned by institutional investors.

Entergy Trading Up 0.4 %

Shares of NYSE:ETR opened at $82.70 on Thursday. The firm has a fifty day moving average of $81.76 and a two-hundred day moving average of $73.87. The firm has a market capitalization of $35.59 billion, a P/E ratio of 33.96, a price-to-earnings-growth ratio of 2.34 and a beta of 0.68. Entergy Corporation has a 12-month low of $50.19 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.

Entergy (NYSE:ETR) last issued its earnings results on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.03. The company had revenue of $2.74 billion during the quarter, compared to analyst estimates of $3.24 billion. Entergy had a net margin of 8.90% and a return on equity of 10.68%. During the same quarter last year, the business posted $0.26 EPS. On average, equities analysts expect 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. Investors of record on Monday, February 10th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.90%. The ex-dividend date of this dividend was Monday, February 10th. Entergy’s payout ratio is presently 98.77%.

Insider Activity at Entergy

In related news, insider Deanna D. Rodriguez sold 6,088 shares of Entergy stock in a transaction on Friday, December 13th. The shares were sold at an average price of $73.94, for a total value of $450,146.72. Following the completion of the sale, the insider now owns 3,952 shares of the company’s stock, valued at approximately $292,210.88. The trade was a 60.64 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.39% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. LADENBURG THALM/SH SH upgraded shares of Entergy from a “neutral” rating to a “buy” rating and set a $86.50 price target on the stock in a research report on Thursday, January 30th. Wells Fargo & Company lifted their price target on shares of Entergy from $85.00 to $97.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 19th. Evercore ISI lifted their price target on shares of Entergy from $75.00 to $86.00 and gave the stock an “in-line” rating in a research report on Wednesday, February 19th. UBS Group raised their price objective on shares of Entergy from $72.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Finally, KeyCorp lowered shares of Entergy from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, December 4th. Six research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $84.11.

Entergy Company 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.