Mackenzie Financial Corp Grows Holdings in Entergy Corporation (NYSE:ETR)

Mackenzie Financial Corp grew its stake in Entergy Corporation (NYSE:ETR - Free Report) by 17.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 251,073 shares of the utilities provider's stock after buying an additional 37,756 shares during the period. Mackenzie Financial Corp owned 0.06% of Entergy worth $21,464,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the business. LPL Financial LLC raised its holdings in shares of Entergy by 6.2% during the first quarter. LPL Financial LLC now owns 870,692 shares of the utilities provider's stock worth $74,435,000 after purchasing an additional 50,635 shares during the last quarter. Alteri Wealth LLC raised its holdings in shares of Entergy by 11.1% during the first quarter. Alteri Wealth LLC now owns 6,208 shares of the utilities provider's stock worth $531,000 after purchasing an additional 619 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Entergy by 38.5% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 162,626 shares of the utilities provider's stock worth $13,903,000 after purchasing an additional 45,219 shares during the last quarter. Investment Management Corp VA ADV raised its holdings in shares of Entergy by 162.4% during the first quarter. Investment Management Corp VA ADV now owns 509 shares of the utilities provider's stock worth $44,000 after purchasing an additional 315 shares during the last quarter. Finally, Empirical Finance LLC raised its holdings in shares of Entergy by 2.7% during the first quarter. Empirical Finance LLC now owns 14,572 shares of the utilities provider's stock worth $1,246,000 after purchasing an additional 381 shares during the last quarter. Hedge funds and other institutional investors own 88.07% of the company's stock.

Entergy Price Performance

ETR traded up $1.19 on Thursday, reaching $90.48. 2,965,288 shares of the company's stock were exchanged, compared to its average volume of 2,496,343. The stock has a market cap of $38.98 billion, a PE ratio of 22.54, a P/E/G ratio of 2.43 and a beta of 0.59. Entergy Corporation has a twelve month low of $57.47 and a twelve month high of $91.46. The stock's fifty day moving average price is $83.23 and its 200-day moving average price is $83.00. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.80 and a quick ratio of 0.55.

Entergy (NYSE:ETR - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The utilities provider reported $1.05 earnings per share for the quarter, topping analysts' consensus estimates of $0.91 by $0.14. The firm had revenue of $3.02 billion for the quarter, compared to analyst estimates of $3.11 billion. Entergy had a net margin of 14.35% and a return on equity of 11.52%. During the same period in the previous year, the business posted $1.92 earnings per share. Sell-side analysts expect that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Wednesday, August 13th will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Wednesday, August 13th. This represents a $2.40 dividend on an annualized basis and a yield of 2.7%. Entergy's payout ratio is 59.85%.

Analysts Set New Price Targets

Several brokerages recently issued reports on ETR. BMO Capital Markets raised their target price 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 dropped their price target on shares of Entergy from $91.00 to $87.00 and set an "overweight" rating on the stock in a research report on Thursday, July 10th. KeyCorp restated an "overweight" rating and set a $96.00 price target (up previously from $88.00) on shares of Entergy in a research report on Thursday. JPMorgan Chase & Co. raised their price target on shares of Entergy from $100.00 to $102.00 and gave the company an "overweight" rating in a research report on Tuesday, July 15th. Finally, Raymond James Financial began coverage on shares of Entergy in a research report on Friday, June 13th. They set a "market perform" rating on the stock. Six investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Entergy presently has a consensus rating of "Moderate Buy" and an average price target of $88.07.

About Entergy

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.