Entergy Corporation (NYSE:ETR) Shares Sold by Brevan Howard Capital Management LP

Brevan Howard Capital Management LP trimmed its position in Entergy Corporation (NYSE:ETR) by 41.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,876 shares of the utilities provider’s stock after selling 7,832 shares during the quarter. Brevan Howard Capital Management LP’s holdings in Entergy were worth $825,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Fortis Group Advisors LLC raised its position in shares of 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 in the last quarter. NBT Bank N A NY raised its holdings in Entergy by 100.0% during the fourth quarter. NBT Bank N A NY now owns 340 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 170 shares in the last quarter. Duncker Streett & Co. Inc. raised its holdings in Entergy by 100.0% during the fourth quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 179 shares in the last quarter. Sandy Spring Bank boosted its holdings in shares of Entergy by 100.0% in the 4th quarter. Sandy Spring Bank now owns 358 shares of the utilities provider’s stock valued at $27,000 after buying an additional 179 shares in the last quarter. Finally, Riverview Trust Co grew its position in shares of Entergy by 100.0% in the 4th quarter. Riverview Trust Co now owns 364 shares of the utilities provider’s stock valued at $28,000 after buying an additional 182 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Entergy Price Performance

Shares of ETR opened at $83.42 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.59 and a debt-to-equity ratio of 1.81. The stock’s 50 day moving average is $83.12 and its two-hundred day moving average is $79.48. Entergy Corporation has a twelve month low of $52.07 and a twelve month high of $88.38. The firm has a market capitalization of $35.94 billion, a PE ratio of 34.26, a P/E/G ratio of 2.34 and a beta of 0.62.

Entergy (NYSE:ETR) last posted its quarterly earnings results on Tuesday, April 29th. The utilities provider reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.22. Entergy had a return on equity of 10.68% and a net margin of 8.90%. The firm had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $3.13 billion. During the same period in the previous year, the business earned $0.54 earnings per share. Research analysts anticipate that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Friday, May 2nd will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date is Friday, May 2nd. Entergy’s dividend payout ratio is currently 77.92%.

Analysts Set New Price Targets

Several equities analysts have issued reports on ETR shares. Evercore ISI upped their price objective 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. JPMorgan Chase & Co. raised their price target on Entergy from $87.00 to $98.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 11th. Wells Fargo & Company boosted their price objective on Entergy from $85.00 to $97.00 and gave the company an “overweight” rating in a research note on Wednesday, February 19th. UBS Group raised their target price on shares of Entergy from $86.00 to $96.00 and gave the stock a “buy” rating in a research report on Friday, March 21st. Finally, LADENBURG THALM/SH SH upgraded shares of Entergy from a “neutral” rating to a “buy” rating and set a $86.50 price target for the company in a research report on Thursday, January 30th. Five equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $85.75.

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.