1,300 Shares in Entergy Corporation (NYSE:ETR) Bought by Intact Investment Management Inc.

Intact Investment Management Inc. bought a new position in shares of Entergy Corporation (NYSE:ETR) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 1,300 shares of the utilities provider’s stock, valued at approximately $99,000.

Several other large investors have also bought and sold shares of the stock. Legacy Investment Solutions LLC acquired a new stake in Entergy during the 3rd quarter worth about $27,000. Coastline Trust Co acquired a new stake in Entergy during the 3rd quarter worth about $31,000. NBT Bank N A NY grew its holdings in Entergy by 100.0% during the 4th quarter. NBT Bank N A NY now owns 340 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 170 shares during the period. Fortis Group Advisors LLC grew its holdings in Entergy by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 172 shares during the period. Finally, Duncker Streett & Co. Inc. grew its holdings in Entergy by 100.0% during the 4th quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 179 shares during the period. 88.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on ETR shares. Evercore ISI increased their price target on Entergy from $75.00 to $86.00 and gave the stock an “in-line” rating in a report on Wednesday, February 19th. Wells Fargo & Company increased their price target on Entergy from $85.00 to $97.00 and gave the stock an “overweight” rating in a report on Wednesday, February 19th. BMO Capital Markets raised their target price on 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 raised Entergy from a “neutral” rating to a “buy” rating and set a $86.50 target price for the company in a research report on Thursday, January 30th. Finally, Scotiabank decreased their target price on Entergy from $165.00 to $82.00 and set a “sector perform” rating for the company in a research report on Tuesday, January 7th. Six equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $84.11.

Entergy Stock Performance

Shares of ETR opened at $85.00 on Friday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.59 and a current ratio of 0.72. The stock has a 50 day moving average price of $82.07 and a two-hundred day moving average price of $74.21. The firm has a market capitalization of $36.59 billion, a P/E ratio of 34.91, a P/E/G ratio of 2.34 and a beta of 0.68. Entergy Corporation has a 52 week low of $50.19 and a 52 week high of $88.38.

Entergy (NYSE:ETR) last issued its quarterly earnings data on Tuesday, February 18th. The utilities provider reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.03. The firm had revenue of $2.74 billion during 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 period in the previous year, the company posted $0.26 EPS. Equities analysts forecast that Entergy Corporation will post 3.88 earnings per share for the current fiscal 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 paid a $0.60 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.82%. Entergy’s payout ratio is presently 98.77%.

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.