Advisors Asset Management Inc. Has $6.75 Million Position in Entergy Corporation (NYSE:ETR)

Advisors Asset Management Inc. raised its stake in Entergy Corporation (NYSE:ETR) by 125.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 89,028 shares of the utilities provider’s stock after purchasing an additional 49,516 shares during the period. Advisors Asset Management Inc.’s holdings in Entergy were worth $6,750,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. State Street Corp increased its position in Entergy by 1.1% in the 3rd quarter. State Street Corp now owns 11,408,776 shares of the utilities provider’s stock valued at $1,501,509,000 after buying an additional 128,667 shares in the last quarter. FMR LLC grew its stake in Entergy by 5.0% in the third quarter. FMR LLC now owns 6,613,647 shares of the utilities provider’s stock valued at $870,422,000 after acquiring an additional 315,750 shares during the period. Franklin Resources Inc. increased its holdings in shares of Entergy by 53.0% during the third quarter. Franklin Resources Inc. now owns 5,718,859 shares of the utilities provider’s stock valued at $754,318,000 after acquiring an additional 1,981,611 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Entergy by 0.8% during the third quarter. Geode Capital Management LLC now owns 4,965,257 shares of the utilities provider’s stock worth $651,206,000 after purchasing an additional 37,279 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Entergy by 60.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,589,727 shares of the utilities provider’s stock worth $472,444,000 after purchasing an additional 1,354,355 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on ETR. KeyCorp downgraded shares of Entergy from an “overweight” rating to a “sector weight” rating in a report on Wednesday, December 4th. LADENBURG THALM/SH SH upgraded shares of Entergy from a “neutral” rating to a “buy” rating and set a $86.50 target price on the stock in a report on Thursday, January 30th. UBS Group lifted their price target on Entergy from $72.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Evercore ISI increased their price objective on Entergy from $75.00 to $86.00 and gave the stock an “in-line” rating in a research note on Wednesday, February 19th. Finally, BMO Capital Markets lifted their target price on Entergy from $79.00 to $94.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th. Six equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Entergy currently has a consensus rating of “Moderate Buy” and an average target price of $84.11.

Entergy Trading Down 2.3 %

NYSE ETR opened at $83.46 on Wednesday. The business’s fifty day moving average is $82.43 and its 200-day moving average is $74.66. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.72 and a quick ratio of 0.59. The stock has a market capitalization of $35.92 billion, a price-to-earnings ratio of 34.27, a PEG ratio of 2.34 and a beta of 0.68. Entergy Corporation has a one year low of $50.19 and a one year high of $88.38.

Entergy (NYSE:ETR) last announced its quarterly earnings data on Tuesday, February 18th. The utilities provider reported $0.66 EPS for the quarter, topping the consensus estimate of $0.63 by $0.03. Entergy had a net margin of 8.90% and a return on equity of 10.68%. The business had revenue of $2.74 billion for the quarter, compared to analyst estimates of $3.24 billion. During the same quarter in the previous year, the firm posted $0.26 earnings per share. Equities research analysts predict that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 10th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.88%. The ex-dividend date was Monday, February 10th. Entergy’s dividend payout ratio (DPR) is 98.77%.

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.