Entergy Corporation (NYSE:ETR) Shares Bought by Systematic Financial Management LP

Systematic Financial Management LP lifted its stake in shares of Entergy Corporation (NYSE:ETR - Free Report) by 100.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 15,510 shares of the utilities provider's stock after acquiring an additional 7,755 shares during the period. Systematic Financial Management LP's holdings in Entergy were worth $1,176,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of ETR. Gen Wealth Partners Inc raised its holdings in Entergy by 27.5% in the 4th quarter. Gen Wealth Partners Inc now owns 668 shares of the utilities provider's stock valued at $51,000 after buying an additional 144 shares during the period. Hall Laurie J Trustee increased its stake in Entergy by 50.0% during the fourth quarter. Hall Laurie J Trustee now owns 450 shares of the utilities provider's stock worth $34,000 after purchasing an additional 150 shares during the period. NBT Bank N A NY increased its stake in Entergy by 100.0% during the fourth quarter. NBT Bank N A NY now owns 340 shares of the utilities provider's stock worth $26,000 after purchasing an additional 170 shares during the period. Fortis Group Advisors LLC increased its stake in Entergy by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider's stock worth $26,000 after purchasing an additional 172 shares during the period. Finally, Legacy Investment Solutions LLC increased its stake in Entergy by 85.1% during the fourth quarter. Legacy Investment Solutions LLC now owns 374 shares of the utilities provider's stock worth $31,000 after purchasing an additional 172 shares during the period. Hedge funds and other institutional investors own 88.07% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ETR. UBS Group boosted their price target on shares of Entergy from $86.00 to $96.00 and gave the stock a "buy" rating in a research note on Friday, March 21st. Barclays boosted their price target 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. 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 note on Tuesday, March 11th. Morgan Stanley reissued an "overweight" rating on shares of Entergy in a research report on Wednesday, April 23rd. Finally, Evercore ISI raised their target price 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. Four 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 stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $86.04.

Entergy Stock Up 1.5%

ETR stock traded up $1.25 during midday trading on Tuesday, reaching $84.26. 3,736,909 shares of the company were exchanged, compared to its average volume of 3,687,706. 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. The stock's 50-day simple moving average is $83.07 and its 200 day simple moving average is $80.26. The company has a market cap of $36.30 billion, a price-to-earnings ratio of 34.60, a price-to-earnings-growth ratio of 2.34 and a beta of 0.62.

Entergy (NYSE:ETR - Get Free Report) last announced its earnings results on Tuesday, April 29th. The utilities provider reported $0.82 EPS for the quarter, beating analysts' consensus estimates of $0.60 by $0.22. The business had revenue of $3.02 billion for 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 period in the previous year, the company posted $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 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 of this dividend is Friday, May 2nd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.85%. Entergy's 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.