Entergy Corporation (NYSE:ETR) Shares Purchased by Schroder Investment Management Group

Schroder Investment Management Group lifted its holdings in shares of Entergy Corporation (NYSE:ETR) by 231.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 342,505 shares of the utilities provider’s stock after buying an additional 239,017 shares during the period. Schroder Investment Management Group owned approximately 0.08% of Entergy worth $25,945,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. D.A. Davidson & CO. lifted its stake in shares of Entergy by 7.9% in the 3rd quarter. D.A. Davidson & CO. now owns 2,459 shares of the utilities provider’s stock worth $324,000 after acquiring an additional 181 shares during the period. Benjamin Edwards Inc. raised its stake in shares of Entergy by 32.9% during the 3rd quarter. Benjamin Edwards Inc. now owns 38,006 shares of the utilities provider’s stock worth $5,002,000 after buying an additional 9,417 shares in the last quarter. Hilltop Holdings Inc. lifted its holdings in shares of Entergy by 18.3% in the 3rd quarter. Hilltop Holdings Inc. now owns 3,044 shares of the utilities provider’s stock valued at $401,000 after buying an additional 471 shares during the period. Investment Management Corp of Ontario grew its holdings in Entergy by 48.2% during the third quarter. Investment Management Corp of Ontario now owns 7,069 shares of the utilities provider’s stock worth $930,000 after acquiring an additional 2,300 shares during the period. Finally, IHT Wealth Management LLC acquired a new stake in Entergy in the third quarter valued at $226,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the stock. KeyCorp cut shares of Entergy from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, December 4th. Wells Fargo & Company upped 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. Morgan Stanley upped their target price on Entergy from $75.00 to $78.00 and gave the company an “equal weight” rating in a report on Thursday, March 20th. 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. Finally, Scotiabank reduced their price target on shares of Entergy from $165.00 to $82.00 and set a “sector perform” rating on the stock in a 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, Entergy presently has an average rating of “Moderate Buy” and an average target price of $84.75.

Entergy Trading Up 1.2 %

NYSE ETR opened at $86.67 on Thursday. Entergy Corporation has a 12 month low of $50.19 and a 12 month high of $88.38. The company has a 50-day moving average of $83.53 and a 200-day moving average of $76.36. The company has a market cap of $37.34 billion, a P/E ratio of 35.59, a P/E/G ratio of 2.34 and a beta of 0.56. 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 announced its quarterly earnings data on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, beating 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 company had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $3.24 billion. During the same period in the previous year, the company earned $0.26 EPS. As a group, equities analysts predict that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders 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 dividend yield of 2.77%. The ex-dividend date was Monday, February 10th. Entergy’s payout ratio is currently 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.