BW Gestao de Investimentos Ltda. Takes $2.30 Million Position in Entergy Corporation (NYSE:ETR)

BW Gestao de Investimentos Ltda. acquired a new position in Entergy Corporation (NYSE:ETR - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 30,342 shares of the utilities provider's stock, valued at approximately $2,301,000.

A number of other hedge funds have also made changes to their positions in ETR. Fortis Group Advisors LLC lifted its position 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 in the last quarter. NBT Bank N A NY lifted its stake in shares of Entergy by 100.0% in the fourth 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 in the last quarter. Duncker Streett & Co. Inc. boosted its holdings in Entergy by 100.0% in the fourth quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider's stock valued at $27,000 after purchasing an additional 179 shares during the last quarter. Sandy Spring Bank grew its stake in Entergy by 100.0% during the 4th quarter. Sandy Spring Bank now owns 358 shares of the utilities provider's stock valued at $27,000 after purchasing an additional 179 shares in the last quarter. Finally, Riverview Trust Co increased its holdings in Entergy by 100.0% during the 4th quarter. Riverview Trust Co now owns 364 shares of the utilities provider's stock worth $28,000 after purchasing an additional 182 shares during the last quarter. Hedge funds and other institutional investors own 88.07% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ETR. LADENBURG THALM/SH SH raised 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. Barclays boosted their target price on shares of Entergy from $88.00 to $91.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Wells Fargo & Company increased their price target on shares of Entergy from $85.00 to $97.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 19th. Evercore ISI boosted their price objective on Entergy from $75.00 to $86.00 and gave the company an "in-line" rating in a report on Wednesday, February 19th. Finally, BMO Capital Markets increased their target price on Entergy from $89.00 to $93.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Five investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Entergy has a consensus rating of "Moderate Buy" and an average target price of $85.75.

Entergy Price Performance

ETR traded down $0.42 on Friday, reaching $82.89. The company had a trading volume of 1,227,394 shares, compared to its average volume of 3,667,524. Entergy Corporation has a one year low of $52.07 and a one year high of $88.38. The company has a market capitalization of $35.71 billion, a P/E ratio of 34.04, a PEG ratio of 2.34 and a beta of 0.62. The company has a fifty day moving average of $83.12 and a 200-day moving average of $79.48. The company has a current ratio of 0.72, a quick ratio of 0.59 and a debt-to-equity ratio of 1.81.

Entergy (NYSE:ETR - Get Free Report) last released its earnings results on Tuesday, April 29th. The utilities provider reported $0.82 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $3.13 billion. During the same period in the prior year, the firm posted $0.54 earnings per share. As a group, equities research analysts anticipate that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Friday, May 2nd will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.90%. The ex-dividend date is Friday, May 2nd. Entergy's dividend payout ratio is presently 77.92%.

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.