ArrowMark Colorado Holdings LLC Boosts Position in Entergy Corporation (NYSE:ETR)

ArrowMark Colorado Holdings LLC raised its position in shares of Entergy Corporation (NYSE:ETR - Free Report) by 100.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,942 shares of the utilities provider's stock after purchasing an additional 4,971 shares during the quarter. ArrowMark Colorado Holdings LLC's holdings in Entergy were worth $754,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Wilmington Savings Fund Society FSB purchased a new stake in Entergy in the 3rd quarter worth $175,000. Synovus Financial Corp grew its position in shares of Entergy by 78.3% during the third quarter. Synovus Financial Corp now owns 4,269 shares of the utilities provider's stock worth $562,000 after purchasing an additional 1,875 shares in the last quarter. Franklin Resources Inc. lifted its holdings in Entergy by 53.0% in the 3rd quarter. Franklin Resources Inc. now owns 5,718,859 shares of the utilities provider's stock worth $754,318,000 after purchasing an additional 1,981,611 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its holdings in Entergy by 35.9% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 13,076 shares of the utilities provider's stock worth $1,723,000 after purchasing an additional 3,456 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in Entergy by 4.0% during the 3rd quarter. Principal Financial Group Inc. now owns 280,262 shares of the utilities provider's stock valued at $36,885,000 after buying an additional 10,697 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors.

Entergy Price Performance

Shares of Entergy stock traded up $0.31 on Wednesday, hitting $84.23. The company's stock had a trading volume of 4,369,152 shares, compared to its average volume of 3,672,662. The company has a market capitalization of $36.28 billion, a price-to-earnings ratio of 34.59, a price-to-earnings-growth ratio of 2.34 and a beta of 0.62. The firm has a fifty day moving average price of $83.27 and a 200-day moving average price of $79.33. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.59 and a current ratio of 0.72. 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 released its earnings results on Tuesday, April 29th. The utilities provider reported $0.82 EPS for the quarter, topping analysts' consensus estimates of $0.60 by $0.22. The business had revenue of $3.02 billion during the quarter, compared to analysts' expectations of $3.13 billion. Entergy had a net margin of 8.90% and a return on equity of 10.68%. During the same quarter in the previous year, the company earned $0.54 earnings per share. As a group, sell-side analysts anticipate that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. LADENBURG THALM/SH SH upgraded shares of Entergy from a "neutral" rating to a "buy" rating and set a $86.50 target price for the company in a research report on Thursday, January 30th. Wells Fargo & Company upped their price objective on Entergy from $85.00 to $97.00 and gave the stock an "overweight" rating in a report on Wednesday, February 19th. Scotiabank lowered 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. JPMorgan Chase & Co. boosted their target price on shares of Entergy from $87.00 to $98.00 and gave the stock an "overweight" rating in a report on Tuesday, March 11th. Finally, BMO Capital Markets upped their price objective on Entergy from $89.00 to $93.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Five investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Entergy presently has an average rating of "Moderate Buy" and a consensus target price of $85.75.

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.