Mackenzie Financial Corp Purchases 39,915 Shares of Entergy Corporation (NYSE:ETR)

Mackenzie Financial Corp boosted its stake in Entergy Corporation (NYSE:ETR - Free Report) by 23.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 213,317 shares of the utilities provider's stock after purchasing an additional 39,915 shares during the quarter. Mackenzie Financial Corp's holdings in Entergy were worth $16,174,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ETR. Forum Financial Management LP raised its stake in Entergy by 104.7% during the 4th quarter. Forum Financial Management LP now owns 3,300 shares of the utilities provider's stock worth $250,000 after buying an additional 1,688 shares during the period. Castlekeep Investment Advisors LLC bought a new stake in Entergy during the 4th quarter worth approximately $977,000. Drucker Wealth 3.0 LLC raised its stake in shares of Entergy by 104.3% in the fourth quarter. Drucker Wealth 3.0 LLC now owns 61,177 shares of the utilities provider's stock worth $4,638,000 after purchasing an additional 31,236 shares during the last quarter. Toronto Dominion Bank lifted its holdings in shares of Entergy by 17.9% in the fourth quarter. Toronto Dominion Bank now owns 148,301 shares of the utilities provider's stock valued at $11,244,000 after purchasing an additional 22,559 shares in the last quarter. Finally, Public Employees Retirement System of Ohio boosted its position in shares of Entergy by 84.8% during the fourth quarter. Public Employees Retirement System of Ohio now owns 168,835 shares of the utilities provider's stock valued at $12,801,000 after buying an additional 77,469 shares during the last quarter. 88.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on ETR. Barclays raised their price objective on Entergy from $88.00 to $91.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Morgan Stanley reaffirmed an "overweight" rating on shares of Entergy in a research report on Wednesday, April 23rd. UBS Group lifted their target price on shares of Entergy from $86.00 to $96.00 and gave the stock a "buy" rating in a research report on Friday, March 21st. JPMorgan Chase & Co. upped their target price on Entergy from $87.00 to $98.00 and gave the company an "overweight" rating in a report on Tuesday, March 11th. Finally, Wells Fargo & Company lifted their price target on Entergy from $85.00 to $97.00 and gave the stock an "overweight" 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 assigned a strong buy rating to the stock. According to MarketBeat, Entergy currently has an average rating of "Moderate Buy" and a consensus price target of $86.04.

Entergy Price Performance

Shares of ETR traded up $0.84 during mid-day trading on Friday, reaching $83.20. 4,051,049 shares of the stock traded hands, compared to its average volume of 3,996,999. The company has a market cap of $35.84 billion, a price-to-earnings ratio of 34.17, a price-to-earnings-growth ratio of 2.34 and a beta of 0.62. Entergy Corporation has a 1 year low of $52.06 and a 1 year high of $88.38. The firm has a fifty day moving average price of $82.77 and a 200 day moving average price of $80.64. The company has a current ratio of 0.72, a quick ratio of 0.59 and a debt-to-equity ratio of 1.81.

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

Entergy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Friday, May 2nd will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.88%. The ex-dividend date of this dividend is Friday, May 2nd. Entergy's dividend payout ratio (DPR) 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.