MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Increases Stock Position in Entergy Corporation (NYSE:ETR)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Entergy Corporation (NYSE:ETR - Free Report) by 181.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 76,280 shares of the utilities provider's stock after acquiring an additional 49,217 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Entergy were worth $5,783,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. LMR Partners LLP grew its position in Entergy by 366.4% in the 4th quarter. LMR Partners LLP now owns 11,661 shares of the utilities provider's stock worth $884,000 after purchasing an additional 9,161 shares during the period. Laird Norton Wetherby Wealth Management LLC grew its position in Entergy by 103.8% in the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 6,062 shares of the utilities provider's stock worth $460,000 after purchasing an additional 3,088 shares during the period. Investment Management Corp of Ontario grew its position in Entergy by 424.2% in the 4th quarter. Investment Management Corp of Ontario now owns 37,058 shares of the utilities provider's stock worth $2,810,000 after purchasing an additional 29,989 shares during the period. Janus Henderson Group PLC grew its position in Entergy by 76.6% in the 4th quarter. Janus Henderson Group PLC now owns 957,111 shares of the utilities provider's stock worth $72,570,000 after purchasing an additional 415,030 shares during the period. Finally, Kaizen Financial Strategies grew its position in Entergy by 100.0% in the 4th quarter. Kaizen Financial Strategies now owns 4,900 shares of the utilities provider's stock worth $372,000 after purchasing an additional 2,450 shares during the period. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on ETR. BMO Capital Markets lifted their target price on shares of Entergy from $89.00 to $93.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. JPMorgan Chase & Co. boosted their price objective on shares of Entergy from $87.00 to $98.00 and gave the company an "overweight" rating in a research report on Tuesday, March 11th. LADENBURG THALM/SH SH raised shares of Entergy from a "neutral" rating to a "buy" rating and set a $86.50 price objective for the company in a research report on Thursday, January 30th. Morgan Stanley reissued an "overweight" rating on shares of Entergy in a research report on Wednesday, April 23rd. Finally, Wells Fargo & Company boosted their price objective on shares of Entergy from $85.00 to $97.00 and gave the company an "overweight" rating in a research report on Wednesday, February 19th. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $86.04.

Entergy Trading Up 1.6%

Shares of Entergy stock opened at $83.10 on Monday. The company has a market capitalization of $35.80 billion, a P/E ratio of 34.13, a P/E/G ratio of 2.34 and a beta of 0.62. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.59 and a current ratio of 0.72. The company has a fifty day moving average of $83.03 and a 200 day moving average of $80.16. 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 issued its earnings results on Tuesday, April 29th. The utilities provider reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.22. The company had revenue of $3.02 billion during the quarter, compared to the consensus estimate 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 prior year, the firm posted $0.54 EPS. On average, sell-side analysts anticipate that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Friday, May 2nd will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.89%. The ex-dividend date of this dividend is Friday, May 2nd. Entergy's payout ratio 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.

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