Adage Capital Partners GP L.L.C. Has $37.96 Million Stock Holdings in Entergy Corporation (NYSE:ETR)

Adage Capital Partners GP L.L.C. boosted its position in shares of Entergy Corporation (NYSE:ETR - Free Report) by 148.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 500,604 shares of the utilities provider's stock after buying an additional 299,102 shares during the quarter. Adage Capital Partners GP L.L.C. owned 0.12% of Entergy worth $37,956,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of Entergy by 101.9% in the fourth quarter. Vanguard Group Inc. now owns 52,133,646 shares of the utilities provider's stock valued at $3,952,773,000 after buying an additional 26,312,267 shares in the last quarter. FMR LLC increased its stake in Entergy by 90.7% in the 4th quarter. FMR LLC now owns 12,612,407 shares of the utilities provider's stock worth $956,273,000 after purchasing an additional 5,998,760 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Entergy by 106.2% in the fourth quarter. Geode Capital Management LLC now owns 10,236,816 shares of the utilities provider's stock worth $774,103,000 after buying an additional 5,271,559 shares during the period. Barrow Hanley Mewhinney & Strauss LLC raised its position in Entergy by 66.7% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 11,042,159 shares of the utilities provider's stock valued at $837,216,000 after buying an additional 4,418,528 shares during the period. Finally, Franklin Resources Inc. lifted its stake in Entergy by 76.3% in the 4th quarter. Franklin Resources Inc. now owns 10,079,631 shares of the utilities provider's stock worth $764,238,000 after acquiring an additional 4,360,772 shares in the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently issued reports on ETR. Barclays increased their price target on shares of Entergy from $79.00 to $88.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 8th. Evercore ISI lifted their price target on Entergy from $75.00 to $86.00 and gave the company an "in-line" rating in a report on Wednesday, February 19th. UBS Group lifted 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, March 21st. Scotiabank cut 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. Finally, BMO Capital Markets increased their target price on shares of Entergy from $89.00 to $93.00 and gave the stock an "outperform" rating in a research report on Wednesday. Five equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Entergy presently has a consensus rating of "Moderate Buy" and an average target price of $85.54.

Entergy Trading Down 1.5 %

ETR traded down $1.27 during midday trading on Wednesday, reaching $82.26. 1,003,886 shares of the company were exchanged, compared to its average volume of 3,663,061. The stock's 50-day simple moving average is $83.42 and its 200 day simple moving average is $78.75. The stock has a market capitalization of $35.44 billion, a P/E ratio of 33.78, a PEG ratio of 2.34 and a beta of 0.56. Entergy Corporation has a one year low of $52.07 and a one year high of $88.38. 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 (NYSE:ETR - Get Free Report) last announced 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 net margin of 8.90% and a return on equity of 10.68%. The firm had revenue of $3.02 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same quarter in the previous year, the firm posted $0.54 earnings per share. As a group, analysts forecast that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Friday, May 2nd will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.92%. The ex-dividend date is Friday, May 2nd. Entergy's payout ratio is presently 98.77%.

Entergy Company 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.