Decade Renewable Partners LP Takes Position in Entergy Corporation (NYSE:ETR)

Decade Renewable Partners LP acquired a new position in shares of Entergy Corporation (NYSE:ETR - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 130,009 shares of the utilities provider's stock, valued at approximately $9,857,000. Entergy makes up about 4.8% of Decade Renewable Partners LP's investment portfolio, making the stock its 6th largest position.

A number of other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in Entergy by 101.9% during 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 purchasing an additional 26,312,267 shares during the last quarter. FMR LLC lifted its stake in Entergy by 90.7% during the fourth 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 during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Entergy by 106.2% in the 4th quarter. Geode Capital Management LLC now owns 10,236,816 shares of the utilities provider's stock worth $774,103,000 after purchasing an additional 5,271,559 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its position in shares of Entergy by 66.7% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 11,042,159 shares of the utilities provider's stock valued at $837,216,000 after purchasing an additional 4,418,528 shares during the last quarter. Finally, Franklin Resources Inc. raised its holdings in shares of Entergy by 76.3% during the 4th quarter. Franklin Resources Inc. now owns 10,079,631 shares of the utilities provider's stock valued at $764,238,000 after buying an additional 4,360,772 shares in the last quarter. Hedge funds and other institutional investors own 88.07% of the company's stock.

Entergy Stock Up 0.3 %

Shares of NYSE ETR traded up $0.26 during mid-day trading on Thursday, hitting $83.43. 3,669,632 shares of the stock traded hands, compared to its average volume of 3,682,082. The company has a market cap of $35.94 billion, a price-to-earnings ratio of 34.26, a PEG ratio of 2.34 and a beta of 0.56. The stock has a fifty day moving average price of $83.38 and a 200-day moving average price of $78.78. Entergy Corporation has a 52 week low of $52.07 and a 52 week 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 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 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 the consensus estimate of $3.13 billion. During the same period in the prior year, the firm earned $0.54 EPS. Research analysts anticipate that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Friday, May 2nd will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date is Friday, May 2nd. Entergy's dividend payout ratio (DPR) is presently 98.77%.

Analysts Set New Price Targets

Several research analysts have commented on ETR shares. UBS Group lifted their price target on shares of Entergy from $86.00 to $96.00 and gave the stock a "buy" rating in a research note on Friday, March 21st. Barclays raised their price objective on Entergy from $88.00 to $91.00 and gave the company an "overweight" rating in a research note on Thursday. Morgan Stanley reissued an "overweight" rating on shares of Entergy in a research note on Wednesday, April 23rd. Wells Fargo & Company boosted their price objective on Entergy from $85.00 to $97.00 and gave the company an "overweight" rating in a research report on Wednesday, February 19th. Finally, Evercore ISI raised their target price on shares of Entergy from $75.00 to $86.00 and gave the stock 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 issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Entergy has an average rating of "Moderate Buy" and an average target price of $85.75.

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.