Entergy Corporation (NYSE:ETR) Stake Boosted by Hudson Bay Capital Management LP

Hudson Bay Capital Management LP increased its stake in Entergy Corporation (NYSE:ETR - Free Report) by 79.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 347,128 shares of the utilities provider's stock after purchasing an additional 153,897 shares during the period. Hudson Bay Capital Management LP owned 0.08% of Entergy worth $26,319,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ETR. Principal Financial Group Inc. boosted its holdings in shares of Entergy by 4.0% during the third quarter. Principal Financial Group Inc. now owns 280,262 shares of the utilities provider's stock valued at $36,885,000 after acquiring an additional 10,697 shares during the period. JPMorgan Chase & Co. boosted its stake in Entergy by 60.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,589,727 shares of the utilities provider's stock valued at $472,444,000 after purchasing an additional 1,354,355 shares during the period. Diversified Trust Co grew its position in Entergy by 119.4% in the 4th quarter. Diversified Trust Co now owns 6,002 shares of the utilities provider's stock worth $455,000 after purchasing an additional 3,266 shares during the last quarter. Fortitude Family Office LLC increased its stake in shares of Entergy by 131.8% in the fourth quarter. Fortitude Family Office LLC now owns 510 shares of the utilities provider's stock valued at $39,000 after purchasing an additional 290 shares during the period. Finally, ORG Partners LLC raised its holdings in shares of Entergy by 98.1% during the fourth quarter. ORG Partners LLC now owns 846 shares of the utilities provider's stock valued at $64,000 after buying an additional 419 shares during the last quarter. Institutional investors and hedge funds own 88.07% of the company's stock.

Analyst Ratings Changes

ETR has been the topic of several analyst reports. Morgan Stanley restated an "overweight" rating on shares of Entergy in a research report on Wednesday, April 23rd. Wells Fargo & Company lifted their price objective on shares of Entergy from $85.00 to $97.00 and gave the company an "overweight" rating in a research note on Wednesday, February 19th. UBS Group increased their target price on shares of Entergy from $86.00 to $96.00 and gave the company a "buy" rating in a research report on Friday, March 21st. JPMorgan Chase & Co. boosted their price target on shares of Entergy from $87.00 to $98.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 11th. Finally, Evercore ISI increased their price objective on shares of Entergy from $75.00 to $86.00 and gave the company an "in-line" rating in a report on Wednesday, February 19th. Five investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $85.75.

Entergy Stock Down 0.5 %

ETR stock opened at $82.86 on Friday. 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 $35.69 billion, a P/E ratio of 34.03, a P/E/G ratio of 2.34 and a beta of 0.62. Entergy Corporation has a 52-week low of $52.07 and a 52-week high of $88.38. The company's 50 day simple moving average is $83.07 and its 200-day simple moving average is $79.66.

Entergy (NYSE:ETR - Get Free Report) last announced its earnings results on Tuesday, April 29th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.22. The company 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 business earned $0.54 EPS. As a group, equities research analysts anticipate that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Friday, May 2nd will be issued 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 2.90%. Entergy's dividend payout ratio is 77.92%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.