Lansforsakringar Fondforvaltning AB publ Takes $10.39 Million Position in Entergy Corporation (NYSE:ETR)

Lansforsakringar Fondforvaltning AB publ bought a new position in shares of Entergy Corporation (NYSE:ETR - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 137,028 shares of the utilities provider's stock, valued at approximately $10,389,000.

A number of other institutional investors and hedge funds also recently modified their holdings of ETR. Fortis Group Advisors LLC increased its holdings in shares of Entergy by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider's stock worth $26,000 after acquiring an additional 172 shares during the period. NBT Bank N A NY increased its holdings in shares of Entergy by 100.0% in the 4th quarter. NBT Bank N A NY now owns 340 shares of the utilities provider's stock worth $26,000 after acquiring an additional 170 shares during the period. Duncker Streett & Co. Inc. increased its holdings in shares of Entergy by 100.0% in the 4th quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider's stock worth $27,000 after acquiring an additional 179 shares during the period. Sandy Spring Bank increased its holdings in shares of Entergy by 100.0% in the 4th quarter. Sandy Spring Bank now owns 358 shares of the utilities provider's stock worth $27,000 after acquiring an additional 179 shares during the period. Finally, Glen Eagle Advisors LLC increased its holdings in shares of Entergy by 100.0% in the 4th quarter. Glen Eagle Advisors LLC now owns 360 shares of the utilities provider's stock worth $27,000 after acquiring an additional 180 shares during the period. 88.07% of the stock is owned by institutional investors and hedge funds.

Entergy Price Performance

Shares of ETR traded down $0.17 during mid-day trading on Monday, hitting $83.11. The company's stock had a trading volume of 2,577,214 shares, compared to its average volume of 3,641,257. The firm has a 50-day moving average price of $82.75 and a 200 day moving average price of $80.86. The stock has a market capitalization of $35.80 billion, a price-to-earnings ratio of 34.13, a PEG ratio of 2.34 and a beta of 0.62. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.72 and a quick ratio of 0.59. Entergy Corporation has a fifty-two week low of $52.07 and a fifty-two week high of $88.38.

Entergy (NYSE:ETR - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.22. The company 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 quarter in the previous year, the company posted $0.54 EPS. On average, research analysts predict that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Friday, May 2nd will be issued 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 dividend payout ratio is currently 77.92%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ETR. JPMorgan Chase & Co. increased their price objective on shares of Entergy from $87.00 to $98.00 and gave the stock an "overweight" rating in a report on Tuesday, March 11th. BMO Capital Markets increased their price objective on shares of Entergy from $89.00 to $93.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Barclays raised their target price on shares of Entergy from $88.00 to $91.00 and gave the company 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 target price on the stock in a research note on Wednesday, May 14th. Finally, Wells Fargo & Company raised their target price on shares of Entergy from $85.00 to $97.00 and gave the company an "overweight" rating in a research note on Wednesday, February 19th. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price 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.