Entergy Corporation (NYSE:ETR) Shares Acquired by Electron Capital Partners LLC

Electron Capital Partners LLC raised its stake in Entergy Corporation (NYSE:ETR - Free Report) by 67.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,019,310 shares of the utilities provider's stock after purchasing an additional 412,307 shares during the quarter. Entergy accounts for 4.0% of Electron Capital Partners LLC's investment portfolio, making the stock its 8th biggest holding. Electron Capital Partners LLC owned about 0.24% of Entergy worth $77,284,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on ETR shares. JPMorgan Chase & Co. raised their target price on Entergy from $87.00 to $98.00 and gave the company an "overweight" rating in a report on Tuesday, March 11th. UBS Group raised their price objective on shares of Entergy from $86.00 to $96.00 and gave the company a "buy" rating in a research note on Friday, March 21st. BMO Capital Markets raised their price objective on shares of Entergy from $89.00 to $93.00 and gave the company an "outperform" rating in a research note on Wednesday. Scotiabank reduced their price objective on shares of Entergy from $165.00 to $82.00 and set a "sector perform" rating for the company in a research note on Tuesday, January 7th. Finally, Barclays raised their price objective on shares of Entergy from $88.00 to $91.00 and gave the company an "overweight" rating in a research note on Thursday. Five 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, Entergy has a consensus rating of "Moderate Buy" and an average target price of $85.75.

Entergy Trading Up 0.3 %

Shares of ETR traded up $0.26 during trading hours on Thursday, hitting $83.43. The stock had a trading volume of 3,669,632 shares, compared to its average volume of 3,682,082. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.59 and a current ratio of 0.72. The firm has a market cap of $35.94 billion, a P/E ratio of 34.26, a P/E/G ratio of 2.34 and a beta of 0.56. The company's fifty day simple moving average is $83.35 and its 200 day simple moving average is $78.90. Entergy Corporation has a 12-month low of $52.07 and a 12-month high of $88.38.

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

Entergy Announces Dividend

The business 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 2.88%. The ex-dividend date of this dividend is Friday, May 2nd. Entergy's dividend payout ratio (DPR) is presently 98.77%.

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.