Quadrant Capital Group LLC Buys 1,353 Shares of Entergy Corporation (NYSE:ETR)

Quadrant Capital Group LLC grew its stake in shares of Entergy Corporation (NYSE:ETR) by 119.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 2,488 shares of the utilities provider’s stock after acquiring an additional 1,353 shares during the quarter. Quadrant Capital Group LLC’s holdings in Entergy were worth $189,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in Entergy by 101.9% during the fourth quarter. Vanguard Group Inc. now owns 52,133,646 shares of the utilities provider’s stock worth $3,952,773,000 after buying an additional 26,312,267 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Entergy by 106.2% during the 4th quarter. Geode Capital Management LLC now owns 10,236,816 shares of the utilities provider’s stock worth $774,103,000 after acquiring an additional 5,271,559 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its position in shares of Entergy by 66.7% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 11,042,159 shares of the utilities provider’s stock worth $837,216,000 after acquiring an additional 4,418,528 shares in the last quarter. Franklin Resources Inc. increased 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. raised its position in Entergy by 105.1% during the fourth quarter. JPMorgan Chase & Co. now owns 7,363,219 shares of the utilities provider’s stock valued at $558,279,000 after purchasing an additional 3,773,492 shares in the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ETR has been the topic of a number of research analyst reports. Scotiabank reduced their target price on Entergy from $165.00 to $82.00 and set a “sector perform” rating on the stock in a report on Tuesday, January 7th. Wells Fargo & Company lifted their target price on Entergy from $85.00 to $97.00 and gave the company 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 report on Sunday, December 29th. Morgan Stanley lifted 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. Finally, LADENBURG THALM/SH SH upgraded shares of Entergy from a “neutral” rating to a “buy” rating and set a $86.50 price objective for the company in a research report on Thursday, January 30th. 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 company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $85.61.

Entergy Stock Performance

Shares of Entergy stock opened at $79.00 on Wednesday. The stock has a market cap of $34.03 billion, a price-to-earnings ratio of 32.44, a P/E/G ratio of 2.34 and a beta of 0.56. 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 Corporation has a twelve month low of $50.19 and a twelve month high of $88.38. The company’s fifty day moving average is $83.55 and its 200 day moving average is $76.91.

Entergy (NYSE:ETR) last released its quarterly earnings results on Tuesday, February 18th. The utilities provider reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.03. The firm had revenue of $2.74 billion for the quarter, compared to analyst estimates of $3.24 billion. Entergy had a return on equity of 10.68% and a net margin of 8.90%. During the same quarter in the previous year, the company posted $0.26 EPS. Sell-side analysts forecast that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Friday, May 2nd will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 3.04%. The ex-dividend date of this dividend is Friday, May 2nd. Entergy’s dividend payout ratio (DPR) is presently 98.77%.

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.