3,848 Shares in Entergy Corporation (NYSE:ETR) Bought by Argentarii LLC

Argentarii LLC acquired a new position in shares of Entergy Corporation (NYSE:ETR) in the 4th quarter, HoldingsChannel reports. The fund acquired 3,848 shares of the utilities provider’s stock, valued at approximately $292,000.

Several other large investors have also modified their holdings of ETR. Franklin Resources Inc. boosted its holdings in shares of Entergy by 53.0% during the 3rd quarter. Franklin Resources Inc. now owns 5,718,859 shares of the utilities provider’s stock worth $754,318,000 after buying an additional 1,981,611 shares during the period. Jennison Associates LLC boosted its holdings in shares of Entergy by 139.5% during the 4th quarter. Jennison Associates LLC now owns 2,423,556 shares of the utilities provider’s stock worth $183,754,000 after buying an additional 1,411,473 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Entergy by 105.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,748,828 shares of the utilities provider’s stock worth $208,416,000 after buying an additional 1,408,476 shares during the period. JPMorgan Chase & Co. raised its stake in Entergy by 60.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,589,727 shares of the utilities provider’s stock valued at $472,444,000 after purchasing an additional 1,354,355 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Entergy during the 4th quarter valued at $101,133,000. 88.07% of the stock is owned by institutional investors.

Entergy Trading Up 0.1 %

Shares of ETR stock opened at $81.23 on Monday. Entergy Corporation has a 12-month low of $50.19 and a 12-month high of $88.38. The company has a market capitalization of $34.96 billion, a P/E ratio of 33.36, a P/E/G ratio of 2.34 and a beta of 0.68. The firm has a 50-day moving average price of $81.40 and a 200 day moving average price of $73.50. 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 announced its quarterly earnings results on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share (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 during the quarter, compared to the consensus estimate of $3.24 billion. During the same period last year, the firm posted $0.26 EPS. Research analysts forecast that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors 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 2.95%. The ex-dividend date of this dividend was Monday, February 10th. Entergy’s dividend payout ratio is currently 98.77%.

Analyst Upgrades and Downgrades

ETR has been the subject of several research analyst reports. BMO Capital Markets upped their target price on shares of Entergy from $79.00 to $94.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th. LADENBURG THALM/SH SH upgraded shares of Entergy from a “neutral” rating to a “buy” rating and set a $86.50 target price for the company in a research note on Thursday, January 30th. Evercore ISI upped 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. Wells Fargo & Company upped their target price on shares of Entergy from $85.00 to $97.00 and gave the company an “overweight” rating in a research note on Wednesday, February 19th. Finally, UBS Group upped their target price on shares of Entergy from $72.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Six investment 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. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $82.14.

Insider Activity at Entergy

In other Entergy news, insider Deanna D. Rodriguez sold 6,088 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $292,210.88. This trade represents a 60.64 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.39% of the stock is currently owned by insiders.

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.