Beck Bode LLC Has $18.30 Million Stock Holdings in Entergy Corporation (NYSE:ETR)

Beck Bode LLC increased its stake in Entergy Corporation (NYSE:ETR - Free Report) by 106.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 241,365 shares of the utilities provider's stock after buying an additional 124,458 shares during the period. Entergy comprises about 3.3% of Beck Bode LLC's investment portfolio, making the stock its 2nd largest position. Beck Bode LLC owned approximately 0.06% of Entergy worth $18,300,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Beverly Hills Private Wealth LLC lifted its holdings in Entergy by 179.3% during the 4th quarter. Beverly Hills Private Wealth LLC now owns 5,580 shares of the utilities provider's stock worth $423,000 after buying an additional 3,582 shares during the last quarter. Bank of America Corp DE lifted its stake in Entergy by 142.8% in the fourth quarter. Bank of America Corp DE now owns 17,594,747 shares of the utilities provider's stock valued at $1,334,034,000 after buying an additional 10,347,926 shares during the last quarter. Benjamin Edwards Inc. boosted its stake in Entergy by 92.7% during the 4th quarter. Benjamin Edwards Inc. now owns 73,232 shares of the utilities provider's stock valued at $5,552,000 after purchasing an additional 35,226 shares during the period. BNP Paribas Financial Markets grew its position in Entergy by 300.7% in the 4th quarter. BNP Paribas Financial Markets now owns 1,480,301 shares of the utilities provider's stock worth $112,236,000 after purchasing an additional 1,110,917 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of Entergy by 71.4% during the fourth quarter. Ameriprise Financial Inc. now owns 12,884,421 shares of the utilities provider's stock valued at $976,895,000 after buying an additional 5,368,396 shares during the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on ETR shares. Barclays raised their target price on Entergy from $88.00 to $91.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. JPMorgan Chase & Co. lifted their price objective on shares of Entergy from $87.00 to $98.00 and gave the company an "overweight" rating in a research note on Tuesday, March 11th. UBS Group increased their target price on shares of Entergy from $86.00 to $96.00 and gave the company a "buy" rating in a research report on Friday, March 21st. Wells Fargo & Company boosted 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. Finally, Evercore ISI increased their price objective on shares of Entergy from $75.00 to $86.00 and gave the company an "in-line" rating in a report on Wednesday, February 19th. Five equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Entergy has a consensus rating of "Moderate Buy" and an average price target of $85.75.

Entergy Stock Down 0.7 %

NYSE:ETR traded down $0.59 during trading hours on Friday, hitting $82.72. 1,129,014 shares of the company's stock traded hands, compared to its average volume of 4,175,930. Entergy Corporation has a twelve month low of $52.06 and a twelve month high of $88.38. The firm has a market cap of $35.63 billion, a P/E ratio of 33.97, a P/E/G ratio of 2.34 and a beta of 0.62. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.59 and a current ratio of 0.72. The stock's fifty day moving average price is $83.12 and its two-hundred day moving average price is $79.48.

Entergy (NYSE:ETR - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, topping 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 business had revenue of $3.02 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same period in the prior year, the firm earned $0.54 earnings per share. On average, research analysts expect that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors 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 2.90%. Entergy's payout ratio is 77.92%.

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.