Assenagon Asset Management S.A. Has $68.49 Million Holdings in Entergy Corporation (NYSE:ETR)

Assenagon Asset Management S.A. raised its stake in shares of Entergy Corporation (NYSE:ETR - Free Report) by 16.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 801,132 shares of the utilities provider's stock after acquiring an additional 113,258 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.19% of Entergy worth $68,489,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ETR. NBT Bank N A NY increased its stake in shares of Entergy by 100.0% in the fourth quarter. NBT Bank N A NY now owns 340 shares of the utilities provider's stock valued at $26,000 after buying an additional 170 shares in the last quarter. Fortis Group Advisors LLC increased its stake in shares of Entergy by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider's stock valued at $26,000 after buying an additional 172 shares in the last quarter. Duncker Streett & Co. Inc. increased its stake in shares of 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 in the last quarter. Sandy Spring Bank increased its stake in shares of Entergy by 100.0% in the fourth quarter. Sandy Spring Bank now owns 358 shares of the utilities provider's stock valued at $27,000 after buying an additional 179 shares in the last quarter. Finally, Glen Eagle Advisors LLC increased its stake in shares of Entergy by 100.0% in the fourth quarter. Glen Eagle Advisors LLC now owns 360 shares of the utilities provider's stock valued at $27,000 after buying an additional 180 shares in the last quarter. 88.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ETR has been the subject of a number of research reports. Morgan Stanley restated an "overweight" rating on shares of Entergy in a research note on Wednesday, April 23rd. JPMorgan Chase & Co. boosted their price objective on Entergy from $87.00 to $98.00 and gave the stock an "overweight" rating in a report on Tuesday, March 11th. Wells Fargo & Company boosted 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. Evercore ISI boosted their price objective on Entergy from $75.00 to $86.00 and gave the stock an "in-line" rating in a report on Wednesday, February 19th. Finally, BMO Capital Markets boosted their price objective on Entergy from $89.00 to $93.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $86.04.

Entergy Trading Down 1.6%

Shares of ETR stock traded down $1.31 on Friday, reaching $81.98. The company had a trading volume of 2,540,283 shares, compared to its average volume of 3,596,126. The company has a 50-day moving average of $82.60 and a 200-day moving average of $81.22. Entergy Corporation has a 12 month low of $52.07 and a 12 month 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 market cap of $35.31 billion, a PE ratio of 33.67, a PEG ratio of 2.34 and a beta of 0.59.

Entergy (NYSE:ETR - Get Free Report) last posted its earnings results 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. Entergy had a return on equity of 10.68% and a net margin of 8.90%. The business had revenue of $3.02 billion during the quarter, compared to analysts' expectations of $3.13 billion. During the same period in the prior year, the business earned $0.54 EPS. On average, equities analysts forecast that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Friday, May 2nd were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $2.40 annualized dividend and a dividend yield of 2.93%. 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.