Entergy Corporation (NYSE:ETR) Shares Purchased by MV Capital Management Inc.

MV Capital Management Inc. raised its stake in Entergy Corporation (NYSE:ETR) by 103.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 399 shares of the utilities provider’s stock after acquiring an additional 203 shares during the period. MV Capital Management Inc.’s holdings in Entergy were worth $30,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Entergy by 101.9% in the 4th quarter. Vanguard Group Inc. now owns 52,133,646 shares of the utilities provider’s stock valued at $3,952,773,000 after acquiring an additional 26,312,267 shares during the period. JPMorgan Chase & Co. increased its stake in Entergy by 105.1% in 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 during the period. Norges Bank purchased a new stake in shares of Entergy in the fourth quarter valued at about $259,944,000. Franklin Resources Inc. boosted its stake in shares of Entergy by 53.0% during 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 period. Finally, Boston Partners grew its holdings in shares of Entergy by 87.3% during the fourth quarter. Boston Partners now owns 3,215,746 shares of the utilities provider’s stock worth $243,867,000 after buying an additional 1,498,693 shares during the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Entergy Price Performance

Shares of NYSE:ETR opened at $84.38 on Friday. Entergy Corporation has a 12 month low of $50.19 and a 12 month high of $88.38. The firm has a market capitalization of $36.35 billion, a price-to-earnings ratio of 34.65, a price-to-earnings-growth ratio of 2.34 and a beta of 0.68. The business’s 50 day simple moving average is $83.34 and its 200-day simple moving average is $75.86. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.72 and a quick ratio of 0.59.

Entergy (NYSE:ETR) last posted its earnings results on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.03. The company 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 prior year, the company earned $0.26 earnings per share. As a group, 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 declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 10th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.84%. The ex-dividend date of this dividend was Monday, February 10th. Entergy’s dividend payout ratio (DPR) is presently 98.77%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ETR. StockNews.com raised Entergy from a “sell” rating to a “hold” rating in a research report on Sunday, December 29th. 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. LADENBURG THALM/SH SH raised shares of Entergy from a “neutral” rating to a “buy” rating and set a $86.50 price objective on the stock in a research note on Thursday, January 30th. Evercore ISI raised their target price on shares of Entergy from $75.00 to $86.00 and gave the stock an “in-line” rating in a research note on Wednesday, February 19th. Finally, KeyCorp downgraded shares of Entergy from an “overweight” rating to a “sector weight” rating in a report on Wednesday, December 4th. Six equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Entergy presently has a consensus rating of “Moderate Buy” and an average price target of $84.75.

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.