B. Metzler seel. Sohn & Co. AG Has $650,000 Stock Position in Entergy Corporation (NYSE:ETR)

B. Metzler seel. Sohn & Co. AG boosted its stake in shares of Entergy Corporation (NYSE:ETR) by 100.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,568 shares of the utilities provider’s stock after purchasing an additional 4,284 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in Entergy were worth $650,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Strategic Financial Concepts LLC bought a new position in shares of Entergy in the fourth quarter valued at $4,393,000. Flagship Harbor Advisors LLC increased its stake in shares of Entergy by 74.3% during the 4th quarter. Flagship Harbor Advisors LLC now owns 7,959 shares of the utilities provider’s stock worth $603,000 after purchasing an additional 3,393 shares during the last quarter. LaFleur & Godfrey LLC acquired a new position in shares of Entergy during the 4th quarter worth about $217,000. Avior Wealth Management LLC raised its holdings in shares of Entergy by 324.3% in the 4th quarter. Avior Wealth Management LLC now owns 734 shares of the utilities provider’s stock valued at $56,000 after purchasing an additional 561 shares during the period. Finally, Braun Stacey Associates Inc. grew its holdings in Entergy by 88.8% during the fourth quarter. Braun Stacey Associates Inc. now owns 360,502 shares of the utilities provider’s stock worth $27,333,000 after purchasing an additional 169,511 shares during the period. 88.07% of the stock is currently owned by institutional investors.

Entergy Stock Performance

ETR opened at $79.02 on Friday. The firm has a market cap of $34.04 billion, a P/E ratio of 32.45, a price-to-earnings-growth ratio of 2.34 and a beta of 0.56. The business’s fifty day moving average is $83.52 and its 200-day moving average is $76.52. Entergy Corporation has a 52-week low of $50.19 and a 52-week high of $88.38. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.59 and a current ratio of 0.72.

Entergy (NYSE:ETR) last released its earnings results on Tuesday, February 18th. The utilities provider reported $0.66 EPS for the quarter, beating 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 firm had revenue of $2.74 billion for the quarter, compared to analyst estimates of $3.24 billion. During the same period last year, the firm earned $0.26 EPS. Sell-side analysts expect that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 10th were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date was Monday, February 10th. Entergy’s dividend payout ratio is presently 98.77%.

Analysts Set New Price Targets

Several research firms have issued reports on ETR. Scotiabank dropped their price objective on Entergy from $165.00 to $82.00 and set a “sector perform” rating on the stock in a research note on Tuesday, January 7th. Wells Fargo & Company lifted their price objective 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. StockNews.com raised shares of Entergy from a “sell” rating to a “hold” rating in a research report on Sunday, December 29th. LADENBURG THALM/SH SH raised shares of Entergy from a “neutral” rating to a “buy” rating and set a $86.50 target price for the company in a report on Thursday, January 30th. Finally, Morgan Stanley increased their price target on shares of Entergy from $75.00 to $78.00 and gave the company an “equal weight” rating in a report on Thursday, March 20th. Six 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $84.75.

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.