Aquatic Capital Management LLC Acquires Shares of 51,954 Entergy Corporation (NYSE:ETR)

Aquatic Capital Management LLC bought a new stake in Entergy Corporation (NYSE:ETR - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 51,954 shares of the utilities provider's stock, valued at approximately $3,939,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Hall Laurie J Trustee lifted its holdings in shares of Entergy by 50.0% during the fourth quarter. Hall Laurie J Trustee now owns 450 shares of the utilities provider's stock worth $34,000 after purchasing an additional 150 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Entergy by 0.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 29,336 shares of the utilities provider's stock worth $2,224,000 after purchasing an additional 162 shares during the period. NBT Bank N A NY lifted its holdings in shares of Entergy by 100.0% during the fourth quarter. NBT Bank N A NY now owns 340 shares of the utilities provider's stock worth $26,000 after purchasing an additional 170 shares during the period. Fortis Group Advisors LLC lifted its holdings in shares of Entergy by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider's stock worth $26,000 after purchasing an additional 172 shares during the period. Finally, Legacy Investment Solutions LLC lifted its holdings in shares of Entergy by 85.1% during the fourth quarter. Legacy Investment Solutions LLC now owns 374 shares of the utilities provider's stock worth $31,000 after purchasing an additional 172 shares during the period. 88.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on ETR. LADENBURG THALM/SH SH raised Entergy from a "neutral" rating to a "buy" rating and set a $86.50 price target for the company in a report on Thursday, January 30th. Wells Fargo & Company increased their price objective on Entergy from $85.00 to $97.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 19th. UBS Group increased their price objective on Entergy from $86.00 to $96.00 and gave the stock a "buy" rating in a research report on Friday, March 21st. BMO Capital Markets increased their price objective on Entergy from $89.00 to $93.00 and gave the stock an "outperform" rating in a research report on Wednesday. Finally, Morgan Stanley reiterated an "overweight" rating on shares of Entergy in a research report on Wednesday, April 23rd. Five research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $85.75.

Entergy Trading Up 0.3 %

NYSE:ETR traded up $0.26 during mid-day trading on Thursday, reaching $83.43. The company's stock had a trading volume of 3,669,632 shares, compared to its average volume of 3,682,082. The company's fifty day simple moving average is $83.38 and its two-hundred day simple moving average is $78.78. 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 Corporation has a twelve month low of $52.07 and a twelve month high of $88.38. The stock has a market cap of $35.94 billion, a P/E ratio of 34.26, a P/E/G ratio of 2.34 and a beta of 0.56.

Entergy (NYSE:ETR - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The utilities provider reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.22. The business had revenue of $3.02 billion for the quarter, compared to analyst estimates of $3.13 billion. Entergy had a return on equity of 10.68% and a net margin of 8.90%. During the same period in the previous year, the company posted $0.54 EPS. On average, equities analysts predict that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Friday, May 2nd will be paid a $0.60 dividend. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $2.40 annualized dividend and a dividend yield of 2.88%. Entergy's dividend payout ratio (DPR) is presently 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.