IFM Investors Pty Ltd Has $5.80 Million Stock Holdings in Entergy Corporation (NYSE:ETR)

IFM Investors Pty Ltd decreased its stake in shares of Entergy Corporation (NYSE:ETR - Free Report) by 46.0% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 67,844 shares of the utilities provider's stock after selling 57,770 shares during the period. IFM Investors Pty Ltd's holdings in Entergy were worth $5,800,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ETR. NBT Bank N A NY grew its position 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 purchasing an additional 170 shares during the last quarter. Sandy Spring Bank boosted its stake in Entergy by 100.0% during the fourth quarter. Sandy Spring Bank now owns 358 shares of the utilities provider's stock worth $27,000 after buying an additional 179 shares in the last quarter. Glen Eagle Advisors LLC boosted its holdings in Entergy by 100.0% during the fourth quarter. Glen Eagle Advisors LLC now owns 360 shares of the utilities provider's stock valued at $27,000 after purchasing an additional 180 shares in the last quarter. Glass Jacobson Investment Advisors llc acquired a new stake in Entergy during the fourth quarter valued at approximately $29,000. Finally, BOK Financial Private Wealth Inc. boosted its holdings in Entergy by 100.0% during the fourth quarter. BOK Financial Private Wealth Inc. now owns 400 shares of the utilities provider's stock valued at $30,000 after purchasing an additional 200 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on ETR shares. BMO Capital Markets boosted their target price on shares of Entergy from $89.00 to $93.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Raymond James Financial initiated coverage on Entergy in a research note on Friday, June 13th. They set a "market perform" rating on the stock. Morgan Stanley cut their price objective on shares of Entergy from $82.00 to $81.00 and set an "equal weight" rating on the stock in a report on Wednesday, June 18th. JPMorgan Chase & Co. increased their price target on Entergy from $87.00 to $98.00 and gave the company an "overweight" rating in a research note on Tuesday, March 11th. Finally, Barclays increased their target price on Entergy from $88.00 to $91.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Six equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $86.25.

Entergy Stock Up 1.0%

Shares of NYSE ETR traded up $0.83 during mid-day trading on Friday, reaching $82.15. 1,120,750 shares of the company's stock were exchanged, compared to its average volume of 3,575,509. The firm has a market capitalization of $35.39 billion, a price-to-earnings ratio of 26.67, a PEG ratio of 2.23 and a beta of 0.59. The company has a current ratio of 0.82, a quick ratio of 0.55 and a debt-to-equity ratio of 1.91. The business has a fifty day simple moving average of $82.49 and a 200 day simple moving average of $81.89. Entergy Corporation has a twelve month low of $52.07 and a twelve month high of $88.38.

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, topping the consensus estimate of $0.60 by $0.22. The firm had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $3.13 billion. Entergy had a net margin of 11.26% and a return on equity of 11.43%. During the same period last year, the company posted $0.54 EPS. As a group, equities analysts expect that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Friday, May 2nd were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.92%. 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.