Two Sigma Advisers LP Invests $1.59 Million in Entergy Corporation (NYSE:ETR)

Two Sigma Advisers LP bought a new stake in shares of Entergy Corporation (NYSE:ETR - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 21,000 shares of the utilities provider's stock, valued at approximately $1,592,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ETR. Vanguard Group Inc. lifted its stake in shares of Entergy by 101.9% in the 4th quarter. Vanguard Group Inc. now owns 52,133,646 shares of the utilities provider's stock valued at $3,952,773,000 after purchasing an additional 26,312,267 shares during the period. Bank of America Corp DE grew its position in shares of Entergy by 142.8% during the 4th quarter. Bank of America Corp DE now owns 17,594,747 shares of the utilities provider's stock valued at $1,334,034,000 after acquiring an additional 10,347,926 shares during the period. Ameriprise Financial Inc. increased its stake in shares of Entergy by 71.4% in the 4th quarter. Ameriprise Financial Inc. now owns 12,884,421 shares of the utilities provider's stock valued at $976,895,000 after purchasing an additional 5,368,396 shares in the last quarter. FMR LLC grew its holdings in Entergy by 90.7% in the fourth quarter. FMR LLC now owns 12,612,407 shares of the utilities provider's stock valued at $956,273,000 after purchasing an additional 5,998,760 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC increased its position in shares of Entergy by 66.7% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 11,042,159 shares of the utilities provider's stock valued at $837,216,000 after buying an additional 4,418,528 shares in the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

Entergy Price Performance

Shares of ETR traded down $0.08 during trading hours on Wednesday, reaching $82.85. The company had a trading volume of 401,078 shares, compared to its average volume of 3,624,774. The firm has a 50 day simple moving average of $82.73 and a 200-day simple moving average of $80.88. 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 company has a market capitalization of $35.69 billion, a price-to-earnings ratio of 33.98, a PEG ratio of 2.34 and a beta of 0.62. 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 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. Research analysts expect that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Friday, May 2nd were paid a $0.60 dividend. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $2.40 dividend on an annualized basis and a yield of 2.90%. Entergy's dividend payout ratio (DPR) is 77.92%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ETR. KeyCorp raised shares of Entergy from a "sector weight" rating to an "overweight" rating and set a $85.00 price target on the stock in a research note on Wednesday, May 14th. Barclays boosted their target price on Entergy from $88.00 to $91.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. UBS Group lifted their price objective on Entergy from $86.00 to $96.00 and gave the stock a "buy" rating in a research report on Friday, March 21st. BMO Capital Markets boosted their price target 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 raised their price objective on shares of Entergy from $85.00 to $97.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 19th. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Entergy presently has a consensus rating of "Moderate Buy" and an average price target of $86.04.

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.