Entergy Corporation (NYSE:ETR) Position Boosted by StoneX Group Inc.

StoneX Group Inc. lifted its stake in Entergy Corporation (NYSE:ETR) by 134.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 44,817 shares of the utilities provider’s stock after acquiring an additional 25,665 shares during the quarter. StoneX Group Inc.’s holdings in Entergy were worth $3,398,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. increased its position in Entergy by 101.9% in the 4th quarter. Vanguard Group Inc. now owns 52,133,646 shares of the utilities provider’s stock worth $3,952,773,000 after purchasing an additional 26,312,267 shares during the last quarter. State Street Corp increased its holdings in Entergy by 1.1% in the third quarter. State Street Corp now owns 11,408,776 shares of the utilities provider’s stock worth $1,501,509,000 after buying an additional 128,667 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its position in Entergy by 66.7% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 11,042,159 shares of the utilities provider’s stock valued at $837,216,000 after acquiring an additional 4,418,528 shares in the last quarter. Franklin Resources Inc. lifted its stake in Entergy by 76.3% in the fourth quarter. Franklin Resources Inc. now owns 10,079,631 shares of the utilities provider’s stock valued at $764,238,000 after acquiring an additional 4,360,772 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Entergy by 105.1% during the 4th quarter. JPMorgan Chase & Co. now owns 7,363,219 shares of the utilities provider’s stock worth $558,279,000 after purchasing an additional 3,773,492 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Entergy Stock Up 1.4 %

ETR stock opened at $85.63 on Tuesday. Entergy Corporation has a twelve month low of $50.19 and a twelve 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. The company has a market cap of $36.89 billion, a PE ratio of 35.17, a price-to-earnings-growth ratio of 2.34 and a beta of 0.68. The business’s 50-day simple moving average is $83.41 and its 200 day simple moving average is $76.13.

Entergy (NYSE:ETR) last released its quarterly earnings data 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 business had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $3.24 billion. Entergy had a return on equity of 10.68% and a net margin of 8.90%. During the same period in the previous year, the business posted $0.26 earnings per share. On average, research analysts anticipate that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 10th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $2.40 annualized dividend and a dividend yield of 2.80%. Entergy’s dividend payout ratio (DPR) is currently 98.77%.

Wall Street Analyst Weigh In

ETR has been the subject of several analyst reports. LADENBURG THALM/SH SH raised shares of Entergy from a “neutral” rating to a “buy” rating and set a $86.50 price objective for the company in a research note on Thursday, January 30th. Morgan Stanley increased their price objective on Entergy from $75.00 to $78.00 and gave the company an “equal weight” rating in a report on Thursday, March 20th. UBS Group boosted their target price on Entergy from $86.00 to $96.00 and gave the stock a “buy” rating in a report on Friday, March 21st. StockNews.com upgraded Entergy from a “sell” rating to a “hold” rating in a report on Sunday, December 29th. Finally, Scotiabank reduced their price objective on shares of Entergy from $165.00 to $82.00 and set a “sector perform” rating for the company in a research note on Tuesday, January 7th. Six analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $84.75.

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.