Sei Investments Co. Buys 415,265 Shares of Entergy Corporation (NYSE:ETR)

Sei Investments Co. lifted its stake in shares of Entergy Corporation (NYSE:ETR) by 392.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 521,194 shares of the utilities provider’s stock after acquiring an additional 415,265 shares during the period. Sei Investments Co.’s holdings in Entergy were worth $39,516,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. American Century Companies Inc. increased its holdings in Entergy by 58.6% during the 4th quarter. American Century Companies Inc. now owns 239,358 shares of the utilities provider’s stock worth $18,148,000 after purchasing an additional 88,456 shares in the last quarter. Mizuho Securities USA LLC grew its holdings in shares of Entergy by 193.1% during the fourth quarter. Mizuho Securities USA LLC now owns 40,642 shares of the utilities provider’s stock worth $3,081,000 after buying an additional 26,778 shares in the last quarter. 1620 Investment Advisors Inc. raised its position in Entergy by 100.0% in the 4th quarter. 1620 Investment Advisors Inc. now owns 1,200 shares of the utilities provider’s stock valued at $91,000 after buying an additional 600 shares during the last quarter. Adams Diversified Equity Fund Inc. lifted its stake in Entergy by 61.9% in the 4th quarter. Adams Diversified Equity Fund Inc. now owns 163,000 shares of the utilities provider’s stock valued at $12,359,000 after acquiring an additional 62,300 shares in the last quarter. Finally, TD Private Client Wealth LLC boosted its position in Entergy by 178.3% during the 4th quarter. TD Private Client Wealth LLC now owns 77,903 shares of the utilities provider’s stock worth $5,907,000 after acquiring an additional 49,907 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on ETR shares. JPMorgan Chase & Co. lifted their price objective on shares of Entergy from $87.00 to $98.00 and gave the company an “overweight” rating in a report on Tuesday, March 11th. StockNews.com raised shares of Entergy from a “sell” rating to a “hold” rating in a research report on Sunday, December 29th. BMO Capital Markets raised their price objective on Entergy from $79.00 to $94.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. Scotiabank lowered their price target on Entergy from $165.00 to $82.00 and set a “sector perform” rating on the stock in a research report on Tuesday, January 7th. Finally, Evercore ISI raised their target price on shares of Entergy from $75.00 to $86.00 and gave the company an “in-line” rating in a research note on Wednesday, February 19th. Six research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $84.75.

Entergy Trading Up 0.2 %

ETR stock opened at $84.04 on Tuesday. The stock has a market cap of $36.20 billion, a price-to-earnings ratio of 34.51, a price-to-earnings-growth ratio of 2.34 and a beta of 0.68. The company has a fifty day moving average price of $83.04 and a two-hundred day moving average price of $75.32. Entergy Corporation has a one year low of $50.19 and a one year high of $88.38. 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 announced its earnings results on Tuesday, February 18th. The utilities provider reported $0.66 EPS for the quarter, topping the consensus estimate of $0.63 by $0.03. The business had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $3.24 billion. Entergy had a net margin of 8.90% and a return on equity of 10.68%. During the same quarter in the previous year, the firm posted $0.26 EPS. Equities analysts anticipate that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 10th were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend was Monday, February 10th. Entergy’s dividend payout ratio is presently 98.77%.

About Entergy

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.