Public Employees Retirement Association of Colorado Acquires 20,780 Shares of Entergy Corporation (NYSE:ETR)

Public Employees Retirement Association of Colorado lifted its stake in shares of Entergy Corporation (NYSE:ETR - Free Report) by 100.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,560 shares of the utilities provider's stock after acquiring an additional 20,780 shares during the quarter. Public Employees Retirement Association of Colorado's holdings in Entergy were worth $3,151,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. NBT Bank N A NY lifted its position 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 worth $26,000 after purchasing an additional 170 shares during the period. Fortis Group Advisors LLC raised its stake in Entergy by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider's stock worth $26,000 after buying an additional 172 shares during the last quarter. Duncker Streett & Co. Inc. lifted its holdings in Entergy by 100.0% in the fourth quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider's stock valued at $27,000 after buying an additional 179 shares during the period. Sandy Spring Bank boosted its position in Entergy by 100.0% during the fourth quarter. Sandy Spring Bank now owns 358 shares of the utilities provider's stock valued at $27,000 after acquiring an additional 179 shares during the last quarter. Finally, Riverview Trust Co raised its position in shares of Entergy by 100.0% in the 4th quarter. Riverview Trust Co now owns 364 shares of the utilities provider's stock worth $28,000 after acquiring an additional 182 shares in the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on ETR. BMO Capital Markets raised their target price on Entergy from $89.00 to $93.00 and gave the stock 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 report on Tuesday, January 7th. Wells Fargo & Company boosted their target price on shares of Entergy from $85.00 to $97.00 and gave the company an "overweight" rating in a research report on Wednesday, February 19th. Morgan Stanley restated an "overweight" rating on shares of Entergy in a report on Wednesday, April 23rd. Finally, UBS Group upped their price objective on shares of Entergy from $86.00 to $96.00 and gave the company a "buy" rating in a report on Friday, March 21st. Five research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Entergy currently has a consensus rating of "Moderate Buy" and a consensus target price of $85.75.

Entergy Stock Up 1.3 %

Shares of ETR stock traded up $1.10 during trading hours on Friday, reaching $84.47. The company had a trading volume of 2,919,786 shares, compared to its average volume of 3,684,227. The business has a fifty day simple moving average of $83.33 and a 200-day simple moving average of $79.02. Entergy Corporation has a 12 month low of $52.07 and a 12 month high of $88.38. The company has a market cap of $36.39 billion, a price-to-earnings ratio of 34.69, a price-to-earnings-growth ratio of 2.34 and a beta of 0.62. 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 (NYSE:ETR - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.60 by $0.22. The firm had revenue of $3.02 billion for 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 earned $0.54 EPS. On average, research analysts expect that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Friday, May 2nd will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $2.40 annualized dividend and a dividend yield of 2.84%. Entergy's dividend payout ratio is currently 77.92%.

Entergy 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.