Deutsche Bank AG Purchases 813,319 Shares of Entergy Corporation (NYSE:ETR)

Deutsche Bank AG raised its position in Entergy Corporation (NYSE:ETR - Free Report) by 128.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 1,444,500 shares of the utilities provider's stock after buying an additional 813,319 shares during the period. Deutsche Bank AG owned about 0.34% of Entergy worth $109,522,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Principal Financial Group Inc. boosted its position in shares of Entergy by 4.0% in the 3rd quarter. Principal Financial Group Inc. now owns 280,262 shares of the utilities provider's stock worth $36,885,000 after purchasing an additional 10,697 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Entergy by 60.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,589,727 shares of the utilities provider's stock worth $472,444,000 after purchasing an additional 1,354,355 shares in the last quarter. Diversified Trust Co increased its stake in Entergy by 119.4% during the 4th quarter. Diversified Trust Co now owns 6,002 shares of the utilities provider's stock worth $455,000 after purchasing an additional 3,266 shares in the last quarter. Fortitude Family Office LLC increased its stake in Entergy by 131.8% during the 4th quarter. Fortitude Family Office LLC now owns 510 shares of the utilities provider's stock worth $39,000 after purchasing an additional 290 shares in the last quarter. Finally, ORG Partners LLC increased its stake in Entergy by 98.1% during the 4th quarter. ORG Partners LLC now owns 846 shares of the utilities provider's stock worth $64,000 after purchasing an additional 419 shares in the last quarter. Institutional investors own 88.07% of the company's stock.

Entergy Price Performance

Shares of ETR traded down $0.36 during mid-day trading on Wednesday, reaching $80.53. 3,727,994 shares of the stock traded hands, compared to its average volume of 3,685,853. The firm has a fifty day moving average price of $83.00 and a 200 day moving average price of $79.84. The company has a market cap of $34.69 billion, a price-to-earnings ratio of 33.07, a price-to-earnings-growth ratio of 2.34 and a beta of 0.62. The company has a current ratio of 0.72, a quick ratio of 0.59 and a debt-to-equity ratio of 1.81. 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 posted its quarterly earnings results on Tuesday, April 29th. The utilities provider reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.22. The business had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $3.13 billion. Entergy had a net margin of 8.90% and a return on equity of 10.68%. During the same period in the previous year, the firm posted $0.54 earnings per share. As a group, equities research analysts predict that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Friday, May 2nd will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.98%. The ex-dividend date of this dividend is Friday, May 2nd. Entergy's dividend payout ratio is presently 77.92%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Evercore ISI boosted 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. Barclays lifted 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. KeyCorp raised Entergy from a "sector weight" rating to an "overweight" rating and set a $85.00 target price on the stock in a research report on Wednesday. JPMorgan Chase & Co. boosted their price target on Entergy from $87.00 to $98.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 11th. Finally, UBS Group boosted their price target on Entergy from $86.00 to $96.00 and gave the stock a "buy" rating in a research report on Friday, March 21st. Four research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $86.04.

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.