Entergy Corporation (NYSE:ETR) Shares Acquired by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp lifted its stake in Entergy Corporation (NYSE:ETR - Free Report) by 140.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,714 shares of the utilities provider's stock after acquiring an additional 10,362 shares during the period. OMERS ADMINISTRATION Corp's holdings in Entergy were worth $1,343,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Entergy by 101.9% during the fourth quarter. Vanguard Group Inc. now owns 52,133,646 shares of the utilities provider's stock worth $3,952,773,000 after acquiring an additional 26,312,267 shares during the last quarter. Bank of America Corp DE lifted its position in Entergy by 142.8% during the fourth quarter. Bank of America Corp DE now owns 17,594,747 shares of the utilities provider's stock worth $1,334,034,000 after acquiring an additional 10,347,926 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Entergy by 71.4% in 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 period. FMR LLC boosted its holdings in shares of Entergy by 90.7% in the 4th quarter. FMR LLC now owns 12,612,407 shares of the utilities provider's stock valued at $956,273,000 after purchasing an additional 5,998,760 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of Entergy by 66.7% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 11,042,159 shares of the utilities provider's stock worth $837,216,000 after buying an additional 4,418,528 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors.

Entergy Price Performance

ETR traded up $1.25 on Tuesday, hitting $84.26. 3,736,909 shares of the stock were exchanged, compared to its average volume of 3,684,009. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.72 and a quick ratio of 0.59. Entergy Corporation has a 12 month low of $52.07 and a 12 month high of $88.38. The business has a 50-day moving average of $83.04 and a two-hundred day moving average of $80.23. The firm has a market capitalization of $36.30 billion, a price-to-earnings ratio of 34.60, a PEG ratio of 2.34 and a beta of 0.62.

Entergy (NYSE:ETR - Get Free Report) last announced its earnings results on Tuesday, April 29th. The utilities provider reported $0.82 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $3.13 billion. During the same period last year, the firm posted $0.54 earnings per share. Sell-side analysts forecast that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Friday, May 2nd will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.85%. The ex-dividend date is Friday, May 2nd. Entergy's dividend payout ratio (DPR) is presently 77.92%.

Analyst Ratings Changes

A number of research firms have recently issued reports on ETR. LADENBURG THALM/SH SH raised shares of Entergy from a "neutral" rating to a "buy" rating and set a $86.50 price objective on the stock in a research report on Thursday, January 30th. Wells Fargo & Company increased their target price 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. BMO Capital Markets boosted their price objective on shares of Entergy from $89.00 to $93.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. KeyCorp upgraded Entergy from a "sector weight" rating to an "overweight" rating and set a $85.00 target price for the company in a report on Wednesday, May 14th. Finally, Evercore ISI raised their price objective on shares of Entergy from $75.00 to $86.00 and gave the company an "in-line" rating in a research note on Wednesday, February 19th. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company 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.