Entergy Corporation (NYSE:ETR) Shares Bought by F M Investments LLC

F M Investments LLC lifted its position in shares of Entergy Corporation (NYSE:ETR) by 144.8% during the fourth quarter, Holdings Channel reports. The firm owned 31,866 shares of the utilities provider’s stock after acquiring an additional 18,849 shares during the quarter. F M Investments LLC’s holdings in Entergy were worth $2,416,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the company. EP Wealth Advisors LLC purchased a new stake in Entergy in the third quarter valued at approximately $625,000. Orion Portfolio Solutions LLC grew its holdings in shares of Entergy by 5.3% during the third quarter. Orion Portfolio Solutions LLC now owns 4,308 shares of the utilities provider’s stock worth $567,000 after buying an additional 216 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its position in Entergy by 5.8% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 65,017 shares of the utilities provider’s stock worth $8,557,000 after buying an additional 3,549 shares during the last quarter. M&T Bank Corp lifted its position in Entergy by 9.5% in the third quarter. M&T Bank Corp now owns 12,094 shares of the utilities provider’s stock valued at $1,592,000 after purchasing an additional 1,048 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in Entergy by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 4,965,257 shares of the utilities provider’s stock valued at $651,206,000 after purchasing an additional 37,279 shares in the last quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.

Entergy Price Performance

Shares of NYSE ETR opened at $80.21 on Friday. 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 fifty-two week low of $50.19 and a fifty-two week high of $88.38. The business has a 50 day moving average price of $83.48 and a two-hundred day moving average price of $77.15. The firm has a market cap of $34.55 billion, a PE ratio of 32.94, a price-to-earnings-growth ratio of 2.34 and a beta of 0.56.

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

Entergy Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $2.40 annualized dividend and a dividend yield of 2.99%. Entergy’s payout ratio is 98.77%.

Analyst Ratings Changes

ETR has been the topic of a number of recent analyst reports. StockNews.com raised Entergy from a “sell” rating to a “hold” rating in a report on Sunday, December 29th. LADENBURG THALM/SH SH upgraded shares of Entergy from a “neutral” rating to a “buy” rating and set a $86.50 price target on the stock in a research report on Thursday, January 30th. Morgan Stanley lifted their price objective on Entergy from $75.00 to $78.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 20th. Evercore ISI increased their price objective on shares of Entergy from $75.00 to $86.00 and gave the stock an “in-line” rating in a report on Wednesday, February 19th. Finally, JPMorgan Chase & Co. increased their target price on shares of Entergy from $87.00 to $98.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 11th. Six equities 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 company. Based on data from MarketBeat, Entergy has an average rating of “Moderate Buy” and a consensus price target of $85.61.

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.