Lee Danner & Bass Inc. Invests $41,000 in Entergy Corporation (NYSE:ETR)

Lee Danner & Bass Inc. acquired a new position in Entergy Corporation (NYSE:ETR) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 540 shares of the utilities provider’s stock, valued at approximately $41,000.

A number of other institutional investors and hedge funds have also modified their holdings of ETR. Franklin Resources Inc. lifted its stake in shares of Entergy by 53.0% in the third 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 last quarter. Boston Partners raised its stake in Entergy by 87.3% during the 4th quarter. Boston Partners now owns 3,215,746 shares of the utilities provider’s stock valued at $243,867,000 after purchasing an additional 1,498,693 shares during the last quarter. Jennison Associates LLC raised its stake in Entergy by 139.5% during the 4th quarter. Jennison Associates LLC now owns 2,423,556 shares of the utilities provider’s stock valued at $183,754,000 after purchasing an additional 1,411,473 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in 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 valued at $208,416,000 after purchasing an additional 1,408,476 shares during the last quarter. Finally, 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. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Entergy Stock Down 1.1 %

ETR opened at $83.74 on Friday. The firm’s 50-day simple moving average is $82.90 and its 200-day simple moving average is $75.06. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.59 and a current ratio of 0.72. Entergy Corporation has a twelve month low of $50.19 and a twelve month high of $88.38. The firm has a market cap of $36.04 billion, a price-to-earnings ratio of 34.39, a PEG ratio of 2.34 and a beta of 0.68.

Entergy (NYSE:ETR) last posted its earnings results on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share for the quarter, topping 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 business had revenue of $2.74 billion for the quarter, compared to analyst estimates of $3.24 billion. During the same quarter in the prior year, the firm earned $0.26 EPS. Equities research analysts anticipate that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 10th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.87%. 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. UBS Group upped their target price on shares of Entergy from $86.00 to $96.00 and gave the company a “buy” rating in a research note on Friday. StockNews.com upgraded shares of Entergy from a “sell” rating to a “hold” rating in a research note on Sunday, December 29th. KeyCorp cut shares of Entergy from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, December 4th. Morgan Stanley upped their target price on shares of Entergy from $75.00 to $78.00 and gave the company an “equal weight” rating in a research note on Thursday. Finally, BMO Capital Markets increased their price objective 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. 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $84.75.

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.