13,870 Shares in Entergy Corporation (NYSE:ETR) Bought by Siemens Fonds Invest GmbH

Siemens Fonds Invest GmbH purchased a new stake in Entergy Corporation (NYSE:ETR - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 13,870 shares of the utilities provider's stock, valued at approximately $1,052,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. increased 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 worth $472,444,000 after buying an additional 1,354,355 shares during the period. LaFleur & Godfrey LLC purchased a new stake in Entergy during the 4th quarter worth approximately $217,000. SG Americas Securities LLC increased its stake in Entergy by 280.9% during the 4th quarter. SG Americas Securities LLC now owns 9,468 shares of the utilities provider's stock worth $718,000 after buying an additional 6,982 shares during the period. Avior Wealth Management LLC increased its stake in Entergy by 324.3% during the 4th quarter. Avior Wealth Management LLC now owns 734 shares of the utilities provider's stock worth $56,000 after buying an additional 561 shares during the period. Finally, Brighton Jones LLC increased its stake in Entergy by 275.6% during the 4th quarter. Brighton Jones LLC now owns 9,176 shares of the utilities provider's stock worth $696,000 after buying an additional 6,733 shares during the period. 88.07% of the stock is owned by hedge funds and other institutional investors.

Entergy Trading Down 0.2%

Shares of NYSE ETR traded down $0.17 during midday trading on Monday, reaching $83.11. 2,577,214 shares of the stock were exchanged, compared to its average volume of 3,641,257. The company has a market capitalization of $35.80 billion, a P/E ratio of 34.13, 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 has a current ratio of 0.72, a quick ratio of 0.59 and a debt-to-equity ratio of 1.81. The stock has a 50 day moving average price of $82.75 and a 200-day moving average price of $80.86.

Entergy (NYSE:ETR - Get Free Report) last issued its quarterly 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. Entergy had a net margin of 8.90% and a return on equity of 10.68%. The business had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same period in the previous year, the firm posted $0.54 earnings per share. Equities research analysts expect that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Friday, May 2nd will be given a dividend of $0.60 per share. The ex-dividend date is Friday, May 2nd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.89%. Entergy's payout ratio is currently 77.92%.

Analyst Ratings Changes

ETR has been the topic of several recent research reports. Barclays upped their target price on shares of Entergy from $88.00 to $91.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. KeyCorp raised shares of Entergy from a "sector weight" rating to an "overweight" rating and set a $85.00 price objective on the stock in a research report on Wednesday, May 14th. JPMorgan Chase & Co. increased their price objective on shares of Entergy from $87.00 to $98.00 and gave the company an "overweight" rating in a research report on Tuesday, March 11th. BMO Capital Markets increased their target price on shares of Entergy from $89.00 to $93.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Finally, Wells Fargo & Company increased 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. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Entergy has an average rating of "Moderate Buy" and an average target price of $86.04.

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.