Dean Capital Management Buys 8,833 Shares of Entergy Corporation (NYSE:ETR)

Dean Capital Management increased its stake in Entergy Corporation (NYSE:ETR - Free Report) by 49.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 26,816 shares of the utilities provider's stock after purchasing an additional 8,833 shares during the quarter. Dean Capital Management's holdings in Entergy were worth $2,033,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in ETR. Hall Laurie J Trustee boosted its holdings in shares of Entergy by 50.0% during the 4th quarter. Hall Laurie J Trustee now owns 450 shares of the utilities provider's stock worth $34,000 after buying an additional 150 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in shares of Entergy by 0.6% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 29,336 shares of the utilities provider's stock valued at $2,224,000 after purchasing an additional 162 shares during the last quarter. NBT Bank N A NY grew its position 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 valued at $26,000 after purchasing an additional 170 shares during the last quarter. Fortis Group Advisors LLC increased its stake in shares of Entergy by 100.0% in 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 position in shares of Entergy by 85.1% during the 4th 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 last quarter. Institutional investors own 88.07% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. LADENBURG THALM/SH SH raised Entergy from a "neutral" rating to a "buy" rating and set a $86.50 price target on the stock in a research report on Thursday, January 30th. Scotiabank dropped their target price on shares of Entergy from $165.00 to $82.00 and set a "sector perform" rating on the stock in a research report on Tuesday, January 7th. Wells Fargo & Company increased their price target on shares of Entergy from $85.00 to $97.00 and gave the company an "overweight" rating in a report on Wednesday, February 19th. Morgan Stanley restated an "overweight" rating on shares of Entergy in a report on Wednesday, April 23rd. Finally, Barclays increased their target price on shares of Entergy from $88.00 to $91.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Five 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 company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $85.75.

Entergy Trading Down 0.5 %

Shares of ETR opened at $83.95 on Wednesday. The stock has a 50 day simple moving average of $83.27 and a 200-day simple moving average of $79.33. The company has a current ratio of 0.72, a quick ratio of 0.59 and a debt-to-equity ratio of 1.81. The stock has a market cap of $36.16 billion, a PE ratio of 34.48, a PEG ratio of 2.34 and a beta of 0.62. Entergy Corporation has a 1 year low of $52.07 and a 1 year high of $88.38.

Entergy (NYSE:ETR - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, beating 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 company had revenue of $3.02 billion during the quarter, compared to analysts' expectations of $3.13 billion. During the same period last year, the business earned $0.54 earnings per share. On average, sell-side analysts predict that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Dividend Announcement

The company 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 dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.86%. The ex-dividend date of this dividend is Friday, May 2nd. Entergy's payout ratio is 77.92%.

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.

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