Man Group plc Purchases 16,594 Shares of Entergy Corporation (NYSE:ETR)

Man Group plc lifted its position in Entergy Corporation (NYSE:ETR - Free Report) by 23.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,234 shares of the utilities provider's stock after acquiring an additional 16,594 shares during the quarter. Man Group plc's holdings in Entergy were worth $6,690,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Nissay Asset Management Corp Japan ADV raised its holdings in Entergy by 100.9% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 54,576 shares of the utilities provider's stock worth $4,135,000 after purchasing an additional 27,413 shares in the last quarter. Nomura Holdings Inc. bought a new position in Entergy in the fourth quarter worth about $1,071,000. NorthRock Partners LLC bought a new position in Entergy in the fourth quarter worth about $234,000. Nuveen Asset Management LLC raised its holdings in Entergy by 83.5% in the fourth quarter. Nuveen Asset Management LLC now owns 1,356,834 shares of the utilities provider's stock worth $102,875,000 after purchasing an additional 617,536 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp raised its holdings in Entergy by 140.9% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 17,714 shares of the utilities provider's stock worth $1,343,000 after purchasing an additional 10,362 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on ETR. Morgan Stanley reiterated an "overweight" rating on shares of Entergy in a report on Wednesday, April 23rd. Barclays boosted their price target on Entergy from $88.00 to $91.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Evercore ISI boosted their price target on Entergy from $75.00 to $86.00 and gave the stock an "in-line" rating in a research note on Wednesday, February 19th. LADENBURG THALM/SH SH upgraded Entergy from a "neutral" rating to a "buy" rating and set a $86.50 price target on the stock in a research note on Thursday, January 30th. Finally, KeyCorp upgraded Entergy from a "sector weight" rating to an "overweight" rating and set a $85.00 price target on the stock in a research note on Wednesday, May 14th. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Entergy has an average rating of "Moderate Buy" and a consensus price target of $86.04.

Entergy Price Performance

Shares of NYSE ETR opened at $82.95 on Tuesday. The business's 50 day moving average price is $83.04 and its 200 day moving average price is $80.23. The firm has a market cap of $35.73 billion, a P/E ratio of 34.07, a P/E/G ratio of 2.34 and a beta of 0.62. Entergy Corporation has a 52 week low of $52.07 and a 52 week high of $88.38. The company has a quick ratio of 0.59, a current ratio of 0.72 and a debt-to-equity ratio of 1.81.

Entergy (NYSE:ETR - Get Free Report) last issued 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 firm had revenue of $3.02 billion for the quarter, compared to analyst estimates of $3.13 billion. Entergy had a return on equity of 10.68% and a net margin of 8.90%. During the same quarter in the prior year, the firm earned $0.54 earnings per share. On average, sell-side analysts expect that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Friday, May 2nd will be given 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 yield of 2.89%. Entergy's dividend payout ratio is currently 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.

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