Entergy Corporation (NYSE:ETR) Position Increased by Utah Retirement Systems

Utah Retirement Systems grew its position in Entergy Corporation (NYSE:ETR - Free Report) by 100.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 70,646 shares of the utilities provider's stock after purchasing an additional 35,423 shares during the period. Utah Retirement Systems' holdings in Entergy were worth $5,356,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fortis Group Advisors LLC raised its position in Entergy by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider's stock valued at $26,000 after acquiring an additional 172 shares in the last quarter. NBT Bank N A NY raised its holdings in shares of Entergy by 100.0% during the 4th 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 in the last quarter. Duncker Streett & Co. Inc. lifted its stake in shares of Entergy by 100.0% in the 4th quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider's stock valued at $27,000 after purchasing an additional 179 shares during the last quarter. Sandy Spring Bank boosted its holdings in Entergy by 100.0% in the fourth quarter. Sandy Spring Bank now owns 358 shares of the utilities provider's stock worth $27,000 after purchasing an additional 179 shares in the last quarter. Finally, Riverview Trust Co increased its position in Entergy by 100.0% during the fourth quarter. Riverview Trust Co now owns 364 shares of the utilities provider's stock worth $28,000 after buying an additional 182 shares during the last quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.

Entergy Stock Performance

NYSE ETR opened at $83.43 on Friday. The company's fifty day moving average is $83.35 and its two-hundred day moving average is $78.90. 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 current ratio of 0.72 and a quick ratio of 0.59. The firm has a market capitalization of $35.94 billion, a price-to-earnings 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 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. The business had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $3.13 billion. Entergy had a return on equity of 10.68% and a net margin of 8.90%. During the same period last year, the business earned $0.54 earnings per share. Equities research analysts forecast that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Dividend Announcement

The company also recently announced 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 is Friday, May 2nd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.88%. Entergy's payout ratio is 98.77%.

Analysts Set New Price Targets

ETR has been the subject of a number of analyst reports. Barclays boosted their price target on Entergy from $88.00 to $91.00 and gave the stock an "overweight" rating in a research report on Thursday. UBS Group boosted their target price on Entergy from $86.00 to $96.00 and gave the stock a "buy" rating in a report on Friday, March 21st. Morgan Stanley reiterated an "overweight" rating on shares of Entergy in a report on Wednesday, April 23rd. Wells Fargo & Company boosted their price objective on shares of Entergy from $85.00 to $97.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 19th. Finally, JPMorgan Chase & Co. raised their target price 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. Five equities 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $85.75.

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.

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